Time Clock, Jul. 7, 1958

U.S. PRODUCTIVITY per man-hour advanced 2.7% from fourth quarter of 1957 to this year's first quarter—double the gain of all last year—as companies cut marginal operations and workers hustled to hold jobs.

STRONG INVESTOR DEMAND caused Wall Street's Lazard Freres to boost initial offering for its new mutual fund from 2,500,000 shares to 8,500,000. Fund will invest about $117 million.

EXECUTIVE JOB OPENINGS have shown big rise in past few months, report top recruiting agencies in major cities. Companies are beginning to hire again in high brackets.

OFFICE RENTS JUMPED 5% in 1957, are still rising; but new construction may soon ease shortage and...

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