STATE OF BUSINESS: The Price of the Boom

After tiptoeing upward for five months, living costs marched boldly higher across a broad front last week. In a pattern that had all the markings of the fifth general price adjustment since World War II (and the first since 1953), appliance makers announced increases of1% to 10% on TV sets, refrigerators, washing machines and electric ranges. Other manufacturers hiked their price tags on a wide variety of products, from mattresses to steel cabinets, rubber heels to beer. Scrap steel prices reached $63 a ton, a record high. Automakers estimated that 1957 cars will be from $30...

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