STATE OF BUSINESS: The Next Five Months

What's the outlook for business for the rest of the year? Last week businessmen added up all the factors of the steel strike and arms production and came up with a moderately cheery answer. Business would be good, but the cost of doing business would rise, along with retail prices.

The steel strike was responsible for both conclusions; it had cleaned out overloaded inventories, while threatening to boost the prices of manufactured goods all down the line. On top of that, consumers were once more swarming into stores. Installment credit, increasing at a rate of more than half a billion...

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