AVIATION: 1958 & Beyond

Over the U.S. aircraft industry last week hung a darkening cloud of ominous rumors. They were caused by the proposed U.S. Air Force budget. As congressional hearings went on behind closed doors. Wall Streeters were busily trying to figure which companies would be able to fly off with the biggest share of the contracts. Aircraft stocks bounced up and down like jets in a thunderhead. North American Aviation was down from a 1956-57 high of 49⅞ to 31⅞ while General Dynamics jumped 3¼ points to a new high at 61¼, followed closely...

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