STATE OF BUSINESS: Rising Production

U.S. industrial production rose 3% in January to top the alltime record reached before the steel strike. The advance, which brought the index to 169 of the 1947-49 average of 100, came on top of a 6% rise in December, reflected improvement in every sector of the economy except mining.

Other rising indexes:

¶ Department-store sales rose 4% in the week ended Feb. 13.

¶ Personal income climbed to a new record of $393.3 billion on a seasonally adjusted rate in January, up $1.2 billion from December's previous record.

¶ Rail and truck carloadings continued above last year's pace, but dropped slightly...

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