STATE OF BUSINESS: Better & Better

The April surge in employment (see NATIONAL AFFAIRS) was the result of a powerful surge in the economy. Items:

¶ Automakers sold 503,890 cars in April —first half-million month since June 1957 —and they produced 578,825, the most since 1955. More important, the production rate was gaining speed, advanced 13^% from late April to early May, and was 74% ahead of last year's pace.

¶ Department stores rang up 8% more sales in the week ending May 2 than last year. Sears, Roebuck alone reported April sales up 12%.

¶ Railroads loaded 674,123 cars in May's first week, highest since...

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