Word: 4s
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...problem is: What can be had in a hurry for the 1942 emergency? The prospect: stepped-up production of proved types (Commandos, DC-3s, 25-ton Douglas DC-4s) while engineers work on bigger & better air freighters for 1943 and later...
...Soaring fish prices go under Government control next week, along with eggs, onions, cheese. Sole now sells for 4s 6d (90?) a pound...
Railroad bonds rose even farther than stocks. Such second-rate liens as Missouri-Kansas-Texas (Katy) 4s and 4 1/2s, Southern Pacific 45, were bought in large blocks. Thanks to Wall Street's year-old mistrust of the defense boom, the abrupt conclusion of which might send many railroads into bankruptcy, these bonds could be bought at prices to yield as much as 20%. Wall Street still distrusts the boom. But it could not overlook the rising curve of railroad traffic...
...unfilled orders for the U. S. and foreign governments, and good-sized commercial orders. Douglas for example last fortnight got orders totaling $3,000,000 for DC-3s from American Airlines, Chicago & Southern Air Lines, and Braniff Airways, recently sold $3,000,000 worth of big DC-4s to United Air Lines. Lockheed has an order for $180,000 worth of commercial planes for Venezuela-possibly a precursor of other big South American orders...
Last week as the option deadline lapsed, the four stayed clam-silent. This meant that United might have to pay more for the six DC-4s it bought last fortnight. But it also meant that if President Patterson's hunch is sound, when the DC-4s are operating in 1941, United might bag the lion's share of transcontinental air traffic...