May 22, 1944

FINANCIAL

Airline Directors’ Affiliations Listed

Washington Observer

Personnel

4445
FINANCIAL

Airline Directors’ Affiliations Listed

Second installment of survey shows financial and industrial connections of board members of five companies.
23

Washington Observer

AIRCRAFT CONTRACTS — With aircraft production running nearly 9,000 units a month, the question has arisen as to when a definite downward trend in aircraft contracts may be expected. The best answer from competent authorities seems to be that there will be no falling off until the success of the invasion is determined beyond a shadow of a doubt and even then any changes probably will be in types rather than in overall output.
2223

Personnel

L. L. Duncan has retired as president of Midwest Aircraft Products, Inc., Dayton, Ohio. He will be replaced by M. M. Culver, who was vice-president in charge of engineering. A. M. Fargo, formerly secretary-treasurer, has been named vice-president in charge of sales.
4445
FINANCIAL

Investment Trust Survey Shows Sharp Drop in Air Stock Holdings

Portfolios of 25 major funds have only ten participations in any one airline and only six in any one aircraft property.
67

ACCA Spokesman Cites Advantages of Armed Forces’ Air Competition

Ward tells Woodrum Committee many planes developed by separate units would not have been produced under unified command.

1819
THE AIR WAR

AAF Engineers Play Vital Role in Airborne Tactical Operations

Cutoff procedure planned in Washington and used in central Burma, actually got its first test on a small scale in Lae and Salamaua campaign.
3435
TRANSPORT

Northwest Tax Decision Seen as Vital Problem Facing Airlines

Serious complications predicted as result of Supreme Court ruling upholding right of Minnesota to levy on all of company’s air fleet because planes are based in that state.

4243
TRANSPORT

CAB Action

1415

Beech Solves Surplus Problem with Own Distributing Subsidiary

Material Distributors, Inc., aircraft company’s new unit, reports 323 war plants on its client list after only five months of operations.
1213
WEST COAST REPORT

Oil Unaffected By Heat Or Cold Developed in Coast Research Plant

Some lubricants tested at California laboratory even thicken when warmed and thin when cooled; production seen as big aid to planes in areas of widely varying temperatures.

May 151944 May 291944