The U.S. Government last week moved to force more competition in the aluminum industry. Effective Oct. 31, the Reconstruction Finance Corp. will take back the seven plants built for it by the Aluminum Co. of America (construction cost: $250 million). Alcoa had been operating the plants for RFC under leases which would have expired in 1947 and 1948. RFC was willing to let Alcoa continue under one condition: that the company agree to relinquish the plants at any time on 60 days' notice. When Alcoa refused, RFC canceled the leases, released the...
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