Word: frazers
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...following day, the Stadium upset even worked its way into Alan Frazer's society column in the American...
Under it, Kaiser-Frazer got the plant, but agreed to let Republic run it until next May; by then Republic was expected to have a new pig-iron source. Meanwhile, Republic will supply K-F with 5,000 tons out of its monthly 37,500-ton pig-iron production. Charlie White had driven a shrewd bargain. His rent to Kaiser-Frazer is $1.40 a ton of iron produced, while Kaiser-Frazer must pay WAA $1.50. Thus, as long as White runs the plant, Kaiser loses a dime on every ton of iron that Republic makes...
...cards in his hand, too. Last week, he abruptly stopped haggling with Republic, turned to Henry Kaiser, who had once shown an interest in the plant. Asked Larson: Would Kaiser be willing to pay a minimum rent of $800,000 a year? Kaiser, who needs steel for his Kaiser-Frazer automobiles and knows that he can swap pig iron for it, jumped at the offer...
Unperturbed, WAA's Larson curtly wired White to turn everything over to Kaiser-Frazer. Then Edgar Kaiser, Henry's son, dropped in at Republic to take over. Poker Player White felt like the Eastern tenderfoot who started to take in the pot on a royal flush, only to have a Western pro lay down a pair of deuces and announce that he had a Galoola Bird. The Westerner pointed to a sign on the wall...
...Securities and Exchange Commission came out fighting another round with Financier Cyrus Eaton. During the four-month investigation of his ole in the Kaiser-Frazer Corp.'s $10 million underwriting fiasco (TIME, May 24), Eaton had tried to slow up SEC by ridiculing, cajoling, pleading and threatening, had finally gone into a clinch with a legal gimmick involving lawyer-client privilege. Last week SEC decided to try for a knockout. It ordered a hearing next month to decide whether Eaton's Otis & Co. should be allowed to stay in business...