Business: More Billions from Defense

From the Pentagon came new figures showing that the major impact of stepped-up Defense spending still lies ahead for U.S. business. In fiscal 1958. just ended, new orders—the key to future activity—rose from $2.1 billion in the opening quarter to $3.9 billion in the second, $4.7 billion in the third and an estimated $5.3 billion in the final quarter. New construction orders rose even more swiftly than the overall rate: from a $40 million-a-month level last fall to $300 million in June.

Because of production lead time, the actual cash payments from the Pentagon went up more slowly, reaching $38.7 billion for...

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