According to advices from Los Angeles, California, interests in that city are preparing to erect a $5,000,000 smelter to take not only iron ore in the United States and on this side of the Pacific ocean, but also for the importation of this class of ore from China. The Robert Dollar Company, finding that cargoes are light from the Orient, negotiated with M Wilson, of the the Pacific Coast Steel Ca., to import cheap ore, from China. and manufacture it into the finished product in the California plant. Not: only will the Dollar Com: pany bring iron ore across the Pacific but. coking coal will also be imported into California. Prior to the war these raw materials were carried) from China to the Atlantic seaboard and frequently d down cheaper than the domestic basic materials could do secured. development. of post-war trade is considered h to Lo another indication of the way t veering toward the Pacific.
Text read from the printed page and cleaned; old type leaves the occasional error.