STATE OF BUSINESS: From Cheers to Jolts

"Secretary of Commerce Sinclair Weeks will not call a press conference until he can get off an optimistic statement," wrote Hearst's jocose Columnist George Dixon last week. "This has led the press to refer to his seminars as 'cheery outlooks.' " When newsmen gathered in Weeks's office later that morning, Weeks was still chuckling over Dixon's dig. As usual, the Secretary was also brimming with optimism. Said he: "I think the outlook is still cheery."

To justify his cheer, Weeks read off a bundle of statistics fresh from the Gov ernment's tabulating machines. April employment rose to a new record...

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