FACTS & FIGURES: Waco Grounded

Tail Spin. Waco Aircraft Co., of Troy, Ohio, famed light-plane builder, joined the long list of manufacturers who have abandoned plans for making personal planes. It discontinued work on its four-place Aristocraft, blamed increased costs for its "reluctant decision." Waco will build trailers, stay out of the airplane field until "suitable" designs can be found.

Customers Lost. Two hundred savings bankers from the State of New York dutifully looked at pictures of four buildings in Manhattan's Yale Club. Two were banks, two undertaking parlors. They could not tell them apart. Advised Industrial...

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