Word: rfc
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...Asked Congress to continue RFC beyond next...
...Blue Star Enterprises, Inc., was later called a mistake). Another surprise was the fact that Henry J. Kaiser, who has said early & often that he was planning to buy Geneva, put in no bid. Best guess was that H.J. thinks the $115,000,000 he still owes RFC is about all he can handle...
...other bids* called for RFC loans to help finance the purchase. The War Assets Administration expects to make up its mind about a buyer in a month. If many West Coast businessmen have their way, the plant would be sold to U.S. Steel. Privately they have favored this for months, because they think that Big Steel, which operated the plant during the war, is the best one to do it in peace. Moreover, they think Big Steel has a better chance of getting rail rates cut, bringing cheaper steel to the West Coast...
...test his method, Keith raised $1,250,000 from oilmen, built a pilot plant at Olean, N.Y. It produced only ten gallons a day. But this was enough to sell to RFC and the oil companies. Carthage will get Keith's patents royalty-free, but will pay his research firm $100,000 a year for engineering advice on running the plant...
...company will be able to keep its cost of making gasoline down by selling the by-products of its process-1,164 barrels of Diesel oil and 70,000 pounds of alcohol a day. But if the price of gasoline should fall far enough, the profit may well disappear. RFC and the oil companies think the gamble well worth while: if the venture succeeds, it may eventually increase the potential gasoline production...