STATE OF BUSINESS: Bad News

STATE OF BUSINESS Bad News In Washington last week, 300 manufacturers of autos, refrigerators and a long list of other civilian goods gathered to find out how much the arms program will pinch them in the rest of the year. For the third quarter, the news was bad; it would probably be worse later on. In a series of new control edicts, the National Production Authority's Boss Manly Fleischmann ordered civilian-goods makers to: ¶Cut their third quarter use of steel, now limited to 80% of the average for the six months preceding Korea, to 70% (65% for autos).

¶Cut their...