Word: kaiser
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Dates: during 1940-1949
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...Kaiser-Frazer Corp. rolled merrily along last week. A second public offering of 1,800,000 shares of K-F stock (TIME, Jan. 21) was sold in less than an hour. Net proceeds: $34,470,000. K-F's first issue (1,700,000 shares) was offered for $10 a share last September. This time it brought in a spanking $20.25. But the road was getting bumpy...
...such pessimistic talk was drowned out by the hullabaloo raised by the first public showing of the Kaiser and Frazer automobiles in Manhattan's Hotel Waldorf-Astoria (a simultaneous showing on the West Coast was called off because the two handmade models on display in Manhattan were the only ones the company had). Some 156,000 New Yorkers climbed five flights of stairs and stood in line to look at the shiny green and red models...
Behind the Statement. While Henry Kaiser got his usual bumper crop of headlines, Big Steel-which always moves slowly-remained mum. But there were other reasons to consider, beyond Ben Fairless' statement that "there is a limit," for Big Steel's stand...
...United States Government. . . . The steel industry now has the full and sole responsibility for the strike which must take place. . . ." . Had Big Steel really been merely stubborn in refusing to compromise for the President's proposal and thus avert a strike? One industrialist thought so. Big, bustling Henry Kaiser rushed to the White House with Phil Murray, emerged to announce that he had signed with the Steelworkers at 18½? for his plant at Fontana, Calif, (which employs only 3,000 men and enjoys a favorable price differential of $12 a ton). Cried Big Henry...
...Then Kaiser-Frazer ran full-page ads announcing that its cars would soon be on display, although actual car production is months away. Front-page newspaper stories about Kaiser-Frazer's new labor contract brought more publicity. Plans to lease a West Coast plant leaked out. Result: Kaiser-Frazer stock shot up from 15 to 24¼. At the new high price at which the stock is now selling, the new stock issue would bring the corporation over...