Business: Trouble Ahead

The voice was familiar but the words sounded strange. Planemaker Donald Douglas, who has often spoken like a prophet of gloom, was making noises like an optimist. Said he last week: "Long-range prospects in the airline and aircraft manufacturing industries are excellent." Looking at his own business, Donald Douglas had reason to be cheerful. His Douglas Aircraft Co., Inc. had abandoned its plans to build the DC-7 Globemaster and the DC-8 Mixmaster. But it had started delivering its 52-passenger, four-motored DC-6, had orders for some $200 million worth of commercial and military planes, and had made over $3 million for the...

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