STATE OF BUSINESS: Pacing the Boom

One of the prime measures of the U.S. economy's staying power in the current boom is capital spending. Last week as a spate of new plant and equipment spending was announced by major U.S. companies, Government economists estimated that capital outlays in the first quarter rose substantially from the $34 billion a year annual rate of 1959's last quarter, will average $37 billion for the year as a whole and hit $40 billion in the last quarter, a new record.

What the experts like best is that the alltime high appears likely to be achieved at an even pace without the...

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