AUTOS: Third Time Around

Henry J. Kaiser last week needed more money. And he expected to get it from the public, in which he has boundless confidence. Twice before, that confidence has been vindicated. The public has invested $53.5 million in Kaiser-Trazer when Kaiser had little to offer but hope, and the magic of his name.

Last week, when K-F proposed its third stock issue (1,500,000 shares, price undetermined), it had something more concrete to offer. In the prospectus, filed with the Securities & Exchange Commission, K-F said it had grossed $227.5 million in the first eleven months of 1947, and had netted a...

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