The nation's businessmen spoke out in great numbers on the state of the U.S. economy, mixing pessimism and optimism with a healthy amount of sharp selfcriticism.
At the 42nd annual meeting of the National Industrial Conference Board in Manhattan, a panel of economic experts took the view that no real business upturn is likely until next year at least. One of the big reasons for the pessimistic view: a new report from businessmen pointing to a further decline in spending for plant expansion that will last into 1959.
In Wall Street Henry Clay Alexander,...
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