Word: doubledealing
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In Boston, fat pay checks from Massachusetts war factories have put new life into New England nights. Hundreds of people pack the Club Mayfair, the Satire Room. In the Copley Plaza's Oval Room business is 50% above last year; the popular Beachcomber recently doubled capacity to seat 650...
In Seattle, beer taverns, juke joints, dine & dance spots have twice as many frolickers as a year ago; everybody seems to have extra cash to spend, especially aircraft workers, longshoremen, sailors. Weekly gross at The Ranch runs up to $18,000, almost double earlier this year. At the Olympic Hotel...
>The Army is now training two squadrons of huge, long-distance hospital planes. These planes will be assisted by another squadron of lighter air ambulances which will whisk wounded soldiers away from points close to the front lines to points where they can be shifted to the larger planes. Purpose...
On point No. 1 there is little doubt. Although total U.S. power output has doubled since 1929, utility common stocks are 90% below the 1929 peaks, are 35% under the 1932 depression lows. Some utility preferred shares sell at two times earnings, yield 10-20% at present dividend rates.
Industry officials say that if output of this manufactured lumber were doubled, or tripled, over the record 3½ billion sq. ft. (on a ⅜in. basis) turned out last year, war needs would gobble it up. Beech Aircraft Corp. has already begun production on an all-plywood bomber trainer...