Word: frazers
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...Manhattan last week, Automaker Joseph Washington Frazer proudly displayed two shiny new cars. One, in which Joe rode down to the City Hall himself, was the $1,600 Frazer. The other was the slightly cheaper Kaiser Special. Both of them, said Joe Frazer proudly, had been built "on the production line" in the Kaiser-Frazer Corp.'s Willow Run plant. New York was impressed...
...chassis in various stages of construction on the two production lines. Feeder lines for parts were not yet in operation. Cars were still being pushed down the assembly line by hand. In fact, by ordinary production-line standards, the cars were being handmade. In the light of this, Joe Frazer's prediction that K-F would make 2,500 cars in August seemed highly optimistic. Nevertheless, none could say that Joe and Henry, with plenty of help from son Edgar Kaiser, weren't doing their darnedest to make cars...
Norm Wholley will be on the bill against the Terriers and Joe Frazer might also see mound duty...
Since October, U.S. investors have plunked $53 million into Henry J. Kaiser's automaking enterprise. Last week they learned that they would soon be invited to plunk down $12 million more. The new money would not go directly into the Kaiser-Frazer Corp. It would be used to finance a new company to provide steel for K-F cars...
...deal with Kaiser and Partner Joe Frazer was Cyrus Stephen Eaton, Cleveland financier who helped float the first two K-F stock issues. On May 23 the Portsmouth Steel Corp. was incorporated with Eaton as board chairman. Portsmouth plans to offer 1,025,000 shares of common stock to the public at $10 a share, as soon as its registration statement is made effective by the SEC, and sell another 300,000 shares at the same price to K-F and Graham-Paige Motors Corp. With the cash Portsmouth plans to buy the Wheeling Steel Corp.'s ingot works...