Big Steel Bids

To the steel-hungry West Coast, the question of the year has been: Who will buy and operate the Government-owned $190,000,000 Geneva steel plant? Last week, in a room in one of Washington's dismal buildings, the West got a partial answer. Seven bids for the plant were opened by the War Assets Administration.

One surprise was the spread between the bids; they ranged from $38,750,000 to $302,000,000 (but the latter bid, put in by Blue Star Enterprises, Inc., was later called a mistake). Another surprise was the fact that Henry J. Kaiser, who has said early & often...

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