We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
Helnl Radio News Service
7/31/46
FARNSWORTH STOCKHOLDERS REPORT STRIKES OPTIMISTIC NOTE
In the annual report to stockholders, now being circulat¬ ed, the Farnsworth Television & Radio Corporation, for the fiscal year ending April 30, showed a net profit of $476,190 as compared with $885,593 for the previous year, which was the high mark over a five-year period extending from 1941.
An optimistic note was sounded throughout the Farnsworth report which detailed every aspect of the corporation’s operations. It was pointed out that Farnsworth, like most of the country* s operations. It was pointed out that Farnsworth, like most of the country’s manufacturers, was faced with tremendous reconstruction and reconversion problems with the termination of hostilities last year "out that "as this report is written, many of the obstacles of the reconversion period have been overcome and our situation has improved. " Unfilled orders for peacetime products, the company said "are sufficient to keep our plants operating at full capacity during the coming year. Activities of Farnsworth in the AM, FM and television broadcasting fields were outlined for stockholders, particular emphasis being laid on the television operations the com¬ pany intends to pursue.
It was noted that Farnsworth was one of two manufacturers who produced and delivered television apparatus to the Armed Forces and that its efforts to improve this medium will be stressed.
According to the report, Farnsworth expects to begin del¬ iveries of home television receivers in the Fall of this year and the company’s manufacturing will also include television transmit¬ ters and studio equipment as well as special tubes and television apparatus for industrial use.
XXXXXXXX
CPA MONTHLY REPORT ON RADIO
According to the Office of Economic Review and Analysis of the Civilian Production Administration as of July 29th, the report on radios is as follows:
"June shipments of radios are estimated at 1,378,000 sets or 16 percent above revised May shipments of approximately 1,185,000 sets.
"The largest production gains have been made in small table models. Of the total number of radios shipped, 88 percent were table models, 6 percent consoles and 6 percent automobile radios. In contrast to the 25 percent rise in overall radio ship¬ ments from the prewar 1940-41 monthly rate of 1.1 million sets, June shipments of table models were up approximately 75 percent while consoles declined 39 percent and automobile radios dropped 64 per¬ cent from their prewar levels. An insufficient supply of gang condensers, tubes, wood cabinets and an out-ofbalance supply of components continue to hamper production.
XXXXXXXX
7