Business: Missing Boom

Stock of Boeing Airplane last week sold at $22, down 35% from $35 last January; Consolidated Aircraft sold at $20¾, down 19% from $25½; Douglas Aircraft at $63, down 20% from $79. Aircraft stocks as a group were down a little more than 14% from their 1939 highs compared to a drop of a little less than 14% by the average of all industrial stocks —a fine performance for supposedly promising new war babies during an era of rearmament.

Full-grown, old-style war babies were no better off. President Eugene Grace of Bethlehem Steel (whose...

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