Like a well-spread buffet lunch, there was food for every thought in last week's business figures. The stockmarket slipped badly one day, steadied the next, ended about on the same level (140.24 on the Dow-Jones industrial averages) it had maintained for two weeks. Some thought this was a lull before a reaction, others declared it a pause while business caught up. Meanwhile, steel production rose again, reaching 39.8% of capacity, an eleven-point rise since prices were cut June 24. Lumber production and wholesale food prices were also up. Freight loadings were off more than seasonally, as was power production. Wheat prices...
To continue reading:
or
Log-In
