From key industries, the reports last week showed a picture of recovery marching forward, solid and continuing. Items: ¶ Auto output dipped a bit, but still cruised on 7% ahead of 1958. Most of the decline (down to 117,050 units, v. 119,678 the week before) was caused by parts shortages, but production is expected to rise again this week. American Motors, still working a six-day week, kept producing and selling Ramblers apace. ¶ Steel production, though somewhat behind the forecasts, set a 19-month high with 76.9% of rated capacity and 2,178,000 tons' actual production. This week's schedule:...
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