The St. Louis Air Show which ended last week, gave the aviation industry no great exhilaration. Manufacturers went there hoping to get ideas on marketing planes—their great problem of 1930. Even last year production was much greater than demand, for two major reasons: 1) Manufacturers with plentiful money derived from sale of stocks had optimistically expanded their production facilities; 2) The public, over excited by 1927 and 1928 air exploits, was hedging on purchases, was beginning to buy chiefly for utilitarian needs. This hedging, aviation...
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