From the Interstate Commerce Commission last week came prime good news for West Coast industrialists. Beginning April i, a 31% reduction in freight rates will go into effect on steel shipped from U.S. Steel's Geneva (Utah) plant. This would reduce steel prices about $4.40 a ton for West Coast customers (TIME, March 10). Cried the jubilant Los Angeles Chamber of Commerce: "The decision . . . establishes the new Western steel price economy for which we have fought so long and hard."
The new economy might have come a month earlier except for the anguished cries of Henry J. Kaiser...
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