STATE OF BUSINESS: Brisk

Although the automobile industry during 1935-36-37 received credit for "pulling the nation out of the depression," it has been far from the head of the parade in the rise from Depression II's rut. Last week, however, the No. 1 U. S. industry appeared ready to resume its leadership. With automobile production for the week jumping from 45,000 to 62,000 units (88,000 year ago), President Alfred P. Sloan Jr. of General Motors made front-page news across the nation and inspired a clever cartoon by announcing that G. M. was rehiring 35,000 men, restoring...

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