STATE OF BUSINESS: Prices Up

In Detroit last week a steel salesman quipped to an automan: "When I come back to tell you how much our prices are going up, you'd better be sitting down to take the shock." Snapped the automan: "I just hope you're sitting down when you hear the price of your 1957 car."

Steel was still mum at week's end on when and how steeply prices will jump. But no one doubted that the rise would soon come. As the last of steel's Big Three, Bethlehem Steel Corp., signed a contract with the union, estimates of the eventual rise ran around...

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