GOVERNMENT: Bethlehem Buys

One of the biggest postwar bugaboos to U.S. business has been: How will the U.S. dispose of its more than $15,000,000,000 worth of Federally owned war plants? Last week, Bethlehem Steel Corp. took action to banish its own bugaboo, by purchasing all Government-built steelmaking facilities on Bethlehem property. These were mainly coke ovens and blast furnaces at Lackawanna, Bethlehem, Steelton and Sparrows Point. Shipbuilding facilities were not included.

The price was $22,000,000. Significantly, this was the actual construction cost, although many estimate that some war plants might be worth as little...

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