AVIATION: The Rocket's Red Glare

Back in the 16th century a Chinese scholar named Wan-Hu lashed 47 black-powder rockets to a bamboo frame, clambered aboard the contraption, and as 47 servants lit the fuses, so goes the legend, went on history's first rocket ride. Last week in Wall Street, the stocks of the modern rocket riders were whizzing up as fast as old Wan-Hu. Olin Mathieson Chemical Corp., a leader in rocket fuels, shot up 6| points in three days to a new high of 54. Reaction Motors, 50% owned by Olin, has nearly doubled in value in...

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