State of Business: Glimmer of Dawn?

After months of dark economic news. U.S. businessmen last week hopefully thought that they saw glimmers of the dawn. There was some danger of mistaking a normal seasonal pickup for the end of the recession, but there was enough heartening economic news to give reason for hope.

Significant Difference. For the second straight week, department store sales climbed; across the nation, they rose 26% over a year ago, when 1960's heavy blizzards helped to cut sales. Freight car loadings, an indicator of general economic activity, rose 7% above the preceding week, and the Association of American Railroads saw the beginning...

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