Since the U.S. economy came through the first quarter full of vigor, expressions of doubt about its health for the rest of 1957 all but disappeared last week. The Department of Commerce reported that personal income reached a record annual rate of $336.7 billion in February, forecast even fatter pay envelopes ahead for the nation's workers. Starting off the seasonal spring rise, employment rose to 63,865,000 to set a record for March. Retail sales were holding firm, and production was expected to hold its record 1956 pace.
Last week it was also plain that spring had belatedly arrived for...
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