| Show Utahn Wants U. U S. S To Guarantee Geneva's Future SAN FRANCISCO Nov 17 UP The UP-The The federal government should guarantee permanent postwar postwar postwar post post- war operation of the thc Geneva Utah steel plant as a cornerstone cornerstone cornerstone cor cor- of future western prosperity prosperity prosperity pros pros- a congressional committee e headed by Sen Pat McCarran D. D Nev Ne investigating the centralization centralization central central- 0 of Industry was told Friday Prof Prot J. J R. R Mahoney director of oC the bureau of or economic and business research at the University University University sity of or Utah suggested that the plant bo be sold to a postwar operator oper oper- operator I ator at a normal price the re remainder re- re a of its cost to be written off as a wartime expense or that that it be sold at a cost appropriate to its decreased postwar capacity Mahoney said the plant now operated operated op op- op- op crated by the U. U S. S Steel Co could be equipped to produce fabricated fabricated fabricated fab fab- metal products at an additional additional additional ad ad- cost of ani only It now produces structural shapes principally for the shipbuilding in In- In The Geneva plant could turn out fabricated steel including flat rolled pieces and tins for or the western western west west- em ern canning industry at a low cost for the Pacific coast area Mahoney declared Development of oC this industry would in turn Increase plant Capacity capacity ca ca- he said sold and arrangements could be made for the operators to recompense the government later for the portion of the pur- pur case price originally written off Answering claims that the Geneva Geneva Geneva Ge Ge- neva plant would not have a sufficient suf suf- market for postwar operation operation operation opera opera- tion Mahoney declared t that hat h a t throughout the tho steel industry markets have never been available until mills were built buill Low costs thus made available then bring the markets for fabricated steel I he said I Mahoney declared the far west has all alJ the essentials for Industrialization industrialization Indus indus- Raw materials markels markets markets mar mar- kels satisfactory production costs and available transportation Coking coal and Iron ore are deposits depos depos- its are arc both abundant in the westfor westfor west westfor for Geneva the Henry J. J Kaiser Fontana Cal steel plant and others he said There are large numbers of small undeveloped iron ore deposits and one half of the nations nation's unused coal reserves he testified An abundance of hydro hydroelectric power oil and gas copper lead zinc and other metals is available fr industrialization of of the west Mahoney declared Presence of phosphates potash and nitrates should make an expanded fertilizer pi production feasible he added Chemical production from lumber lumber lum lum- ber and petroleum products by-products and a n textile industry based on the wool production of California's San Joaquin valley arc are other postwar postwar postwar post post- war prospects Mahoney suggested 0 |
