Show UIS UI MAY BUT Ul COLUMBIA Rumors of Planned Ab Absorption sorption Come From Coast Co-ast LOS ANGELES ANGELE'S Cat Cal Aug 2 United Press The Press The Columbia Steel 2 corporation h. h has hal purchased d I a large larg tract its it plant at t Torrance and h. h has given the United States Steel e eor a goday option on on- on all II C Columbia l p bl property prop prop- p erty according to reports here to to to- day NEW EW YORK Aug 2 UP UP According Ac- Ac cording to private advices ea from the west coas coast coni plans for the absorption of the Colun Columbia bia Steel company by the United States Stat tt Steel Shel corporation havo practically been completed and formal ann announcement un of the terms term la is a expected soon loon J. J D. D Grant Grant president of ot the he Co Co Co- lumbia Ste l company is reported to havo ha aali that th the opportunity at investigating tho the properties and assets assets as assets as- as sets of ot the tho Columbia Steel company compan has hIlS be n to the United States Steel which will III send Us its experts to tomake tomake tomake make an examination It Is understood a ninety day option option op op- op- op tion has b been n granted |