Business: The Look Ahead

Every year-end since 1954, Chicago's First National Bank has invited top businessmen to peer into the coming year. Among predictions for 1960 last week:

Steel. Joseph L. Block, chairman of Inland Steel, predicted that, barring a new strike, the nation's mills will pour 70 million ingot tons in the first half, 130 million during the whole year, up from 92 million in 1959 and above the alltime high of 117 million in 1955.

Merchandising. Charles H. Kellstadt, president of Sears, Roebuck, expects that consumer durables, including autos, will rise 8% to 10% over 1959. Soft goods will rise 5%. Kellstadt said that a...

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