Business & Finance: Air Stocks

Thousands of small speculators, who have been largely responsible for the three months hubbub in Wall Street, were last week seized with the same idea. Each of them suddenly became air-minded; each of them wanted to stow away, or play with, a few shares of air stock. True enough, they had played intermittently with air stocks since the Paris flight of Charles Augustus Lindbergh, but never as they did last week.

The immediate cause was the formation of Transcontinental Air Transport, Inc. with plans for a train & plane passenger service covering the U....

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