Books: Bull Market

CARAVANS by James A. Michener. 341 pages. Random House. $5.95.

James A. Michener has risen above mere writing to become an economic phenomenon. His twelve books have sold over 9,000,000 copies; seven movies have been made from his work. He created one television series, which ran for three seasons (Adventures in Paradise), and South Pacific made him the most successful single by-product of Rodgers and Hammerstein. If Michener went public, his 1963 annual report would be bullish. Caravans, his seventh novel, is a Book-of-the-Month Club choice, is being condensed in the Ladies' Home Journal (for $50,000), and has already been picked up...

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