Business & Finance: The Winner

U.S. merchant shipbuilders had good reason to feel proud last week—they were the one U.S. industry to reach the 1942 production goals set up by President Roosevelt right after Pearl Harbor. Aircraft production fell short by 12,000 planes or 20%. Tank and anti-aircraft gun programs were both revised by Washington and neither reached the original goals. But the shipbuilders splashed through with 746 ships totaling 8,090,800 tons, 90,800 tons over the President's quota.

For this record U.S. shipbuilders can thank a terrific last-month production drive, plus plenty of ingenuity and management-labor...

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