The Aluminum Co. of America and the Surplus Property Administration have been tossing brickbats at one another for months. But last week they started throwing posies.
SPA's weightiest brickbat had been the charge that Alcoa had blocked the disposal of surplus Government aluminum plants. Alcoa had refused, said SPAdministrator W. Stuart Symington, to license its patents on its process of converting low-grade bauxite into alumina (which is in turn smelted down to aluminum). This had blocked SPA's deal to lease the Hurricane Creek plant (which operates on low-grade bauxite) and Jones Mills aluminum plant to the Reynolds Metals Co. (TIME, Dec....
To continue reading:
or
Log-In
