Description printed on photograph's accompanying sheet of paper: "Hughes waves to cheering million. New York City--- Clean-shaven once more, Howard Hughes smiles his gratitude to the millions of New Yorkers who showered him with ticker-tape and torn paper--New York's own accolade, as paraded up Broadway, followed by his companions in the carbehind in the greatest reception since Lindbergh's. On the left is Grover Whalen, head of the New York World's Fair, 1939, and on the right, Al Lodwick, manager of the round-the-world record smashing flight. Credit Line (ACME) 7/15/38."

Description given with photograph: "Hughes' streamlined Stratoliner groomed for record dash. Glendale, Calif.-- With customary secrecy, Howard Hughes, millionaire oilman and speed-flier, is reported to be grooming his new $250,000, four-motored, streamlined Stratoliner(above) for another record-breaking transcontinental flight from Glendale, Calif., to New York. Hughes made the headlines some time ago when he broke the transcontinental record in a smaller ship. The new craft is pictured just before a trial flight at Glendale."

Transcribed from attachment to photo: "TOUGH TEST - A hard formation drilling test is begun in the big laboratory at Hughes Tool Company, Houston, Texas, where any drilling condition found anywhere in the world can be duplicated. Here, where the vast majority of rock bits used in the U. S. and Canada are produced, is the cornerstone of Howard Hughes' industrial empire; it was principally the income from the oil drilling equipment company which enables Hughes to branch out into many other fields."