Television digest with AM-FM reports (Jan-Dec 1951)

10 Trade Personals: Charles A. Hansen, Jensen Mfg. Co., elected president of Radio Parts & Electronic Equipment Shows Inc., whose next Chicago show is set for May 18-21, 1952; he succeeds Standard Transformer’s Jerry Kahn. Other officers: Sam L. Baraf, United Transformer, v.p.; W. D. Jenkins, Radio Supply Co., Richmond, secy.; Lew W. Howard, Trad, treas. . . . John AV. Craig, Crosley, reappointed chairman, RTMA’s FM policy committee . . . John S. Anderson, executive v.p. since 1948, elected president of Aeronautical Radio Inc. . . . Franklin Lamb, vice chairman, Tele King, onetime president of Reynolds Pen Co., on leave to serve as aide to mobilization director Charles E. Wilson . . . E. W. Olson promoted from field man to sales promotion mgr. for component products, Webster-Chicago . . . Home of Robert C. Tait, Stromberg-Carlson president, in Pittsford section of Rochester, suffered $25,000 damages by blaze Sept. 4 . . . Frank A. D. Andrea Jr., graduate of Pennsylvania Military College and Navy vetei'an, joins engineering staff of father’s Andrea Radio Corp. under chief engineer Harold Heindel. Promotion of Dr. C. B. Jolliffe, executive v.p. in charge of RCA Labs, to newly-created post of v.p. & technical director of RCA was announced Sept. 7, effective immediately. E. W. (Shorty) Engstrom, second in command at Princeton, moves up to become v.p. in charge of Labs. Dr. Jolliffe’s new duties are to supervise long-range planning, coordinate technical representation of RCA before govt, agencies and technical groups. TV-radio industry — manufacturers, wholesalers, telecasters— are expected to be asked to contribute to Crusade for Europe, operating Radio Free Europe and planning Radio Free Asia, privately endowed by group headed by Gen. Lucius Clay, to get America’s messages through iron curtain. Gen. Clay last week named RCA’s Gen. David Sarnoff New York chairman in drive for 25,000,000 enrollments, $3,500,000 funds. First test of theatre TV as mass training device will be held Sept. 15 under govt, sponsorship when Federal Civil Defense Administration will hold closed-circuit “school” for civil defense workers simultaneously at theatres in Baltimore, Philadelphia, New York & Washington, with combined seating capacity of more than 11,000. Onehour program will originate in Washington studios of WMAL-TV at 9 a.m. Plan was suggested by United Paramount Theatres’ Robert H. O’Brien, and the TV-equipped theatres in Baltimore, Philadelphia, Washington were made available by Nathan Halpern’s Theatre Network TV Inc. Unique feature of theatreTV “classroom” is that spectators in all 4 theatres will be able to ask questions of civil defense instructors in Washington during the program through special telephone circuits. Said Civil Defense Administrator Millard Caldwell in announcing experiment: “The mass training of 15,000,000 civil defense workers is one of the nation’s most immediate problems. Through theatre TV the task of preparing not only the civil defense worker for his job but the nation at large to meet an enemy attack can be greatly simplified.” Theatres donated free for test are Paramount in New York, Warner Brothers’ Stanley in Philadelphia, Loew’s Century in Baltimore and RKO Keith’s in Washington. Some 800 seats in the Washington theatre will be reserved for “members of Congress, govt, officials, educators and industrial leaders.” Navy’s experiments in training reservists by TV (Vol. 7:8) are recorded in 24-page Training by Television (Document PB 104414), Navy-Fordham U report, which concludes that TV has great value in rapid training of large groups. Booklet is available for 75^ from Office of Technical Services, Commerce Dept., Washington. Financial & Trade Notes: Among officers’ and direc tors’ stock transactions reported by SEC for July: Wallace C. Johnson bought 22 Admiral, holds 1500; Dee S. Lenfesty sold 1300 Arvin, holds 2700; James M. Seward bought 100 CBS Class B, holds 200 Class A & 300 Class B; Allen B. DuMont gave 1400 DuMont Class A as gift (June), holds 55,000 Class A & 2000 Class B; Adolphe A. Juviler sold 2200 Olympic (May, July), holds 88,440; Percy L. Schoenen sold 700 Olympic (May, July), holds 24,006; William Balderston gave 20 Philco as gift, holds 7168; Thomas A. Kennally sold 3000 Philco (June, July), holds 19,974; William Gammell Jr. sold 1400 Raytheon, holds 15,570; E. Finley Carter acquired thru profit-sharing plan 64 Sylvania (February), holds 1164; E. F. McDonald Jr. sold 2200 Zenith, holds 31,931. Short positions in stocks listed on N. Y, Stock Exchange from July 13 to Aug. 15 are reported for following electronics firms: Admiral, from 37,405 as of July 13 to 35,586 as of Aug. 15; Avco, 20,880 to 21,080; Emerson, 5775 to 5848; GE, 13,296 to 10,725; IT&T, 16,704 to 22,714; Motorola, 16,491 to 15,332; Philco, 18,252 to 18,793; RCA, 29,986 to 31,896; Westinghouse, 4817 to 5257; Zenith, 30,383 to 26,197. Raytheon has $150,000,000 backlog of unfilled orders on books, president Charles Francis Adam Jr. reported to stockholders meeting Sept. 7. Shipments, largely defense, will build up rest of year and reach peak next summer, he stated. Stockholders approved increase in authorized common stock from 2,250,000 to 3,000,000 shares. I-T-E Circuit Breaker Co. has filed SEC registration statement covering proposed offering of 60,000 shares of convertible preferred stock, par value $50, as approved at Sept. 5 stockholders meeting. Smith, Barney & Co. and C. C. Collings & Co. head underwriters. Olympic Radio reports net income of $259,206 (70d a share) on sales of $8,112,588 for first 6 months of 1951. This compares with net of $479,135 ($1.28) for same 1950 period. Globe-Union Inc. reports net earnings of $872,826 ($1.30 a share) on sales of $20,239,325 for 6 months ended June 30. This compares with profit of $1,159,286 ($1.81) on sales of $14,346,867 for same 1950 period. * * * * Dividends: Wells -Gardner, 15^ payable Sept. 15 to holders of record Sept. 4; Bendix Aviation, 754 payable Sept. 20 to holders Sept. 10; Collins Radio, 66%^ pfd. payable Oct. 1 to holders Sept. 21; WJR The Goodwill Station, 104 payable Sept. 14 to holders Sept. 7; Muter Co., 15^ payable Sept. 30 to holders Sept. 15; Arvin Industries, 50^ payable Sept. 29 to holders Sept. 17; Davega Stores, 25^ pfd. & 254 common, both payable Oct. 1 to holders Sept. 17; Decca Records, 17V2 4 payable Sept. 28 to holders Sept. 17; Admiral, 254 payable Sept. 28 to holders sept 17; RCA S7Vz4 on $3.50 cumulative first pfd., payable Oct. 1 to holders Sept. 17. Giant image-correcting lens, over 22 inches in diameter, has been developed by American Optical Co., Southbridge, Mass., offered as newest device for improving theatre TV. Company says several have already been ordered by RCA and General Precision Lab. Lens corrects to “perfect focus” the distortion now caused when projected images are magnified for movie screens up to 15x20-ft. Self-propelled underwater TV camera, designed for mapping mine fields, examining harbor beds, inspecting ship damage, etc., is undergoing tests in Ottawa by Canada’s National Research Council. It can move ahead or astern at one knot. It weighs 250 lbs., was developed under direction of engineer Wm. Torrington.