MANAGEMENT: Guest in the House

The 3,000 delegates to the 60th Congress of the National Association of Manufacturers in Manhattan last week could not have picked a happier time to gather.

They were in the closing days of their best year in history, and on the verge of one that might, as Commerce Secretary Sinclair Weeks said, be even better (see NATIONAL AFFAIRS). The increases in capital spending planned by some industries were eye-popping: railroads would spend 55% more in the first quarter of '56, durable-goods manufacturers 25% more, nondurable-goods makers 12% more.

High Optimism. Other speakers added...

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