Show Up and Down the Street Geneva Addition to Aid West Steel Industry n By Robert W. W Bernick Geneva Steel Cos addition of equipment to produce tons ton annually of hot rolled sheets will improve c the competitive position of Pacific coast and intermountain using steel-using industries The bureau of economic and business research of the University University University sity of Utah said Wednesday that the Geneva Steel plant largest in n the west is an industrial embryo embryo em em- around which is growing a fabrication and using steel-using manufacturing manufacturing manufacturing manu manu- industry which should ultimately give gi rise to far greater income and employment than the I original plant itself The mill prices at Geneva of its us ts important products arc are as low lowas lowas lowas as at any place in the nation and considerably lower than in the Pacific Pacific Pacific Pa Pa- coast states Equals Freight Rates nates According to the bureau The price differential between bet Utah and the west vest coast states approximately approximately approximately equals the freight charges incurred in shipping This makes the total price of G Geneva's neva's products mill price plus freight competitive e with west westI coast producers and gives Utah I buyers of steel a substantial saving sa say sav saying v- v ing Production of sheets locally will further encourage using steel-using Industries in industries industries in- in of the Salt Lake area and the west vest through additional savings savings sayings sav say ings in price and freight charges Show Local Savings Sl In s The new schedules per lbs Ibs for the hot rolled sheets which heretofore could be purchased purchased purchased pur pur- chased in only small quantities from west vest coast mills show savings of per pounds for Salt Lake area fabricators I Actually the saving will ill be much more than this inasmuch as majority of fabricators here her Ii e r e bought the thin sheets from plants east of the Mississippi Manufacturers in Seattle San Francisco Los Angeles Denver and Portland would also be assured assured assured as as- of savings as result of establishment establishment establishment of Geneva's new facilities tIcs ties near Provo in comparison with total delivered cost of the product from the east cast The new Geneva addition willbe will willbe willbe be completed in mid Passes Examination Jack R. R Coombs 49 4 East Ea t has passed the New York stock exchanges exchange's examination for registered reg representative He is an m of J. J A. A Hogle and Co brol brokers Successful Bidder George D. D Fehr 2142 Lambourne Lam- Lam Lambourne Lambourne bourne ave e was bidder on one-half one a section of land in Montezuma county the Colorado state land board reports Mr Fehr assigned the property to Don Danvers San Antonio Tex I |