Time Clock, Mar. 3, 1958

SLUMP WILL END by fourth quarter of 1958, predicts Leon Keyserling, onetime chairman of President Truman's Council of Economic Advisers. Keyserling expects economic activity for final quarter to run 3½% faster than 1957 pace, and this year's gross national product to hit $437.7 billion v. last year's $433.9 billion, with large gains in personal-consumption expenditures (up $3.6 billion) and U.S. Government buying (up $1.6 billion).

FHA-BACKED MORTGAGES, which found few takers only several months ago, are coming back into favor. Among the reasons: rise in home building and general loosening of mortgage money,...

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