The Kaiser-Frazer Corp., which has been grubstaked by the RFC to just about all the Government money it can get for its auto business, struck it rich in the private money markets last week. It got a $25 million credit from California's Bank of America, Pittsburgh's Mellon National Bank & Trust Co., and Manhattan's Bankers Trust Co.
Though K-F lost $13,260,193 last year making automobiles, the company now has an estimated $500 million in defense contracts for Fairchild C-119 "Flying Boxcars," Chase Aircraft (49% Kaiser-owned) C-123 assault transports, Wright aircraft engines and...
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