Business & Finance: Spring Push

The step-up in production was no mere statistical abstraction. Businessmen had plenty of solid evidence last week of the upsurge in the economy in 1950's first quarter. Electric utilities, which provide a prime share of industry's power and thus serve as a general barometer of activity, did more business than ever. Their gross revenues for the first three months hit an estimated $1.1 billion, a new record, and 6% above 1949. The big boom in housing snowed no signs of slackening. In the first three months of the year, new construction totaled $4.4 billion, 18% above the first quarter of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!