| OCR Text |
Show ZZ Bids for the sale of the Geneva on May I, 1946. Six legitimate U. S. Steel being made by bids plant offered, the were Corporation. in opened were Washington most attractive May Z3, 1946, the On one War Assets Administration, by unanimous vote of its mine-member Price Review Board, accepted the bid of U. S. Steel. $40,000, of which on It hand. was 000 also in additional funds, was The sale for facilities, and agreed by U. S. $47, 500, 000, was $ 7, 500,000 for inventories Steel that not less than $18, 600, 000, would be spent to make conversions in the plant sary for its successful peacetime operation. the United States ruled on anti-trust laws, price and two private June days The Attorney 17, 1946, that the sale did later Geneva Steel industrial concern. neces General of not violate the Company commenced As of October 1, 1946, all operations as other Utah operations, fo r-me rIy rnana.ged by Columbia Steel Company, were a under Geneva Steel placed The town of istration by Dragerton individuals and business Engineering strip coils, plate m:i.ll, tion mill at the in and sold the was from the War As sets Admin later property disposed in the design ork in permit shortly early 1949. the production after the plant At about the of community to private These acquired 11 semi wide hot-rolled, was same Pittsburg, 'California, plant operation. of to another for alteration of the 13Z Actual construction work started in completed placed to acquired concerns. and commenced Government. was was Geneva Steel in 1947, company, which, in turn, continuous Company's jurisdiction. from the February, 1948, time a new cold reduc- of Columbia Steel hot-rolled, wide-strip coils are and was shipped |
