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Boating Boom Feeds Business Confidence Across Sectors
General Motors plans a one billion dollar expansion to meet future demand for motors. The National Association of Engine and Boat Manufacturers projects 30 percent more pleasure craft this year, with 16 million enthusiasts in the United States. Oil firms pledge near record spending to explore new reserves as world demand grows. Boat builders report 1953 sales up 32 percent from 1952 and expect 30 percent growth in 1954, with average craft values rising from 242 to 272 dollars and forecast near 318 dollars this year.
MENTIONED IN THIS ARTICLE
Tors Corp
National Assn. of Engine & Boat Manufacturers
Coun
John W. Mulford
Association