Compass Pointers

Few businessmen watch the barometer of the U.S. economy more closely than industry's own purchasing agents. Their job is not to tell what has happened but what will happen to prices, consumer demand and production. In Cleveland last week, 3,000 members of the National Association of Purchasing Agents, meeting for their annual convention, took readings from all points of the compass on the future economic weather of the U.S.

From New England, Bigelow-Sanford Carpet Co. Inc.'s William R. Murray reported: "Our industrial production index for March showed an increase of more than twice that of the nation . . ....

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