Time Clock, Nov. 8, 1954

BUSINESS IN 1955 will top this year's pace, but will not quite reach 1953's record high level, predicted the U.S. Government's Business Advisory Council, composed of 100 topflight U.S. businessmen.

END-OF-RECESSION SIGNS are multiplying. Unemployment is dropping, and manufacturers' $24.8 billion in new orders for September was the highest since mid-1953. Spurred by new military contracts, their unfilled orders jumped (up $400 million to $47.7 billion) for the first time in 14 months.

ARCTIC STEEL PLANT will soon make Norwegian heavy industry virtually self-sufficient for the first time. Huge new plant, built by British and...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!