Taking the Measure

Everyone knew that the boom was growing week by week. But how much? From Washington agencies last week came the latest measurements of its growth.

¶ Industrial production in September pushed the Federal Reserve Board's index up five points to a peacetime peak of 213, highest since June 1945.

¶ The President's Council of Economic Advisers reported that the gross national product (total value of all goods and services produced) had run at an annual rate of $282 billion during the third quarter of 1950, an alltime high. (Previous peak: a rate of $270 billion in the second quarter...

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