Word: rfc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Calif, to Los Angeles' harbor, 28 miles away, for final assembly and testing. But the $18,000,000 granted by the Reconstruction Finance Corp. to build the plane had been spent. Although Hughes had agreed to meet any costs over this amount, Perelle went to Washington and saw RFC. Having already sunk so much in the plane, RFC agreed to put up another $1,500,000 to move the plane ($60,000), build a dock ($250,000), assemble the ship and test it ($1,190,000). All Hughes had to do was sign the contract...
...bite proved milder than his bark. He approved a five-year lease to Reynolds Metals Co., Alcoa's only competitor, of the government-owned Hurricane Creek and Jones Mill plants in Arkansas. But there were no provisions for any subsidy in the lease, the first negotiated by RFC for any government-owned aluminum plants...
Reynolds will pay rent to RFC on a sliding scale, from $535,000 a year to $1,070,000, for the $29,000,000 Jones Mill aluminum-making plant, and a rent of $273,000 and up a year (depending on output) for Hurricane Creek, the nation's biggest producer of alumina (the oxide from which aluminum is made...
President Reynolds was highly pleased with his lease. Now he has his eye on other RFC aluminum plants in Troutdale, Ore. and Spokane, Wash. These would permit him to step up production at Hurricane Creek, now scheduled for only 25% of capacity. It will also be the best proof that Alcoa is no longer a monopoly...
...market Joe Frazer figures that the big trick is to produce cars. They will probably sell themselves, even though untested, until the market returns to something like normal. Therefore he was negotiating last week for more production facilities, hoped to lease a West Coast plane plant from RFC. And he confidently went ahead with plans to have the first showing of the hand-built models of the Frazer and Kaiser in Manhattan...