STATE OF BUSINESS,GOVERNMENT: View of the Boom

STATE OF BUSINESS

Encouraged by the fading Suez crisis, the stock market last week scored the biggest week's gain since 1938, with industrials soaring 22.01 points on the Dow-Jones average to close at 494.79. Across the board, a pre-Christmas surge of business sent old records falling. The Commerce Department reported manufacturers' sales at a new high of $30.1 billion in October, $1.6 billion better than the previous record of last March; new orders rose to $29.5 billion, $300 million above last August's previous high. Personal income also set records: after topping previous peaks for two straight months, it rose again in October...