AERONAUTICS: Losses & Profits

When Lindbergh got down in Paris (1927), U. S. aviation stocks began to go up. Wright Aeronautical Corp., especially helped by his flight, rose to spectacular heights on predictions of tremendous profits. Fulfilling these prophecies, earnings for 1928 were $2,400,000 against $900,000 in 1927. Last week, Wright, now 90%-owned by Curtiss-Wright, published its report for 1929. Its earnings had tumbled into an airpocket as great as the one which engulfed all aviation securities, for instead of the $5,000,000 that had once been hoped for, the report again showed a measly $900,000....

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