ALUMINUM: Move Over!

Poker-faced Leo M. Harvey, 63, an aluminum fabricator in Los Angeles, plays his cards close to his chest. No outsiders have ever found out much about the production, profits or prospects of his family-owned Harvey Machine Co. Last week shrewd-dealing Leo Harvey won a pot that made competitors gasp. The pot was a $46 million Government loan designed to make Harvey the fourth biggest U.S. aluminum producer.

Since Harvey was an unknown in the aluminum-producing business, aluminum's Big Three—Alcoa, Reynolds and Kaiser—flinched a bit at the news that the Government was dealing him in as No....

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