Business: Downtown

¶ Errett Lobban Cord, the young man who is out to become his country's foremost transport tycoon by air, land and sea, last week added one more set-up to his system. Smith Engineering Co. of Cleveland was bought up by Cord Corp. which thereby acquired rights to manufacture Smith controllable pitch propellers. In airplanes, variable pitch propellers are like gear shifts in automobiles, allow engines to run at efficient speed under different load conditions.

¶ Following increased earnings Chesapeake & Ohio Railroad last week, obeying the hopes of its stockholders (TIME, Aug. 28),...

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