August 6, 1945

Headline News Section

Aaf Unveils Shooting Star But Hides Exact Top Speed

Air War

Jap Seen Hoarding Warplanes for Final Battle of the Pacific

Financial

Airline, Aircraft Stock Rise Reflected By Investment Review

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Headline News Section

Aaf Unveils Shooting Star But Hides Exact Top Speed

First public showings reveal speed of "more than" 550 mph., operation at altitudes above 45,000 feet and fuel capacity sufficient for long-range fighter missions; super smooth finish highlights technical features.
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Air War

Jap Seen Hoarding Warplanes for Final Battle of the Pacific

Estimates place front-line air force strength at 4,000 aircraft now being carefully sheltered from attack, even to extent of flying away from raid areas; production badly disorganized.
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Financial

Airline, Aircraft Stock Rise Reflected By Investment Review

National Aviation Corporation holdings show market value of $10,227,891 against average cost of $6,089,386, June 30 portfolio report reveals.
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THE AVIATION NEWS

Industry Observer

Friends of J. A. (Cap) Krug report he plans to leave WPB on Sept. 1 to join TWA in an executive capacity, although efforts are anticipated by President Truman to dissuade him from leaving his WPB chairmanship post at this time. The salary offered Krug by the airline is said to be about $50,000.
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Private Flying

Cab Findings Out on Six Accidents

Three of six lightplane accidents, probe results of which have just been released by the Civil Aeronautics Board, were found to be due to takeoff or landing error. Four persons were killed in the accidents and five seriously injured. Summaries of the accidents and CAB findings, follow:
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Headline News Section

Proposed Patent Rule Changes Seen Future Competition Mold

Senate suggestion would make public property of post-war inventions made by manufacturers under government development contracts; three separate studies of ownership rights under way.
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Headline News Section

Contract Settlement Records Point Trend for Air Industry

Contract agency work generally favored; full plane terminations pend; sudden peace seen bogging machinery with thirty billions in new order endings plus fourteen billions in present unsettled commitments.

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Transport

Sudden British Election Upset Leaves Air Policies Undecided

Signs point, however, to internal changes without revision of airline structure as it affects other nations; transport monopoly seen unopposed by new government.
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Personnel

Dallas Blair-Smith, public accountant and tax specialist, has been named assistant treasurer-general of Transcontinental and Western Air, Inc. Blair-Smith will assist treasurer John B. Thurston. He was formerly associated with Lybrand, Ross Bros., and Montgomery in New York City.
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Private Flying

Briefing

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