The black and white view of Howard Hughes (waving) seated in an automobile that was used in a parade dedicated to Hughes' completion of his Round the World flight in New York City, New York.
Transcribed from attached press release: "LITTLE BIT Only an inch and a quarter in diameter, this "microbit" enables engineers at the Hughes Tool Company, Houston, Texas, to estimate the performance of full-size bits for the oil drilling industry. The company operates the largest testing laboratory of its kind anywhere in the world and produces thousands of rock bits necessary to drill deeper and deeper as the world's shallow oil wells have become exhausted. Howard Hughes terms the Hughes Tool company the "keystone" of his industrial empire."
Howard Hughes (second from left) standing in front of the experimental helicopter XH-17, Flying Crane, with others (from left to right): Rea Hopper, Director of the Aeronautical Division, Hughes Aircraft Company; Hughes; Clyde Jones, Director of Engineering, Hughes Tool Company Aeronautical Division; Warren Reed, Assistant; Colonel Carl E. Jackson from Air Research and Development Headquarters, Baltimore; Gale J. Moore, Pilot; possibly Chal Bowen, Flight Engineer/Co-pilot, and an unidentified man, on October 23, 1952.