Word: coppers
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...currency, balanced the budget and held the rise in cost of living to a low (for Paraguay) 1% per month. And Chile's President Carlos Ibanez has sacrificed his personal popularity to back tough economic reforms, made even tougher by a deep slump in the world price of copper, the country's main export...
...reports last week indicated where business recovery is rapid and where it is slow. It is rapid in some aircraft companies, in machinery makers, rubber and steel. It is slow in base metals and oils, which still suffer from low prices and excess capacity. Both Anaconda Co. and Kennecott Copper Corp., the country's two biggest copper producers, failed to cover their dividends; Kennecott chopped its quarterly payment from...
...Force's Atlas sped 2,500 miles over the Atlantic, pictures of its virtually blunt nose seemed strange to the streamline-minded. But current Atlas and Thor noses are likely to stay blunt for good reason. Developed by General Electric, they are made mainly of heavy copper, which helpfully spreads and diffuses the heat. But the main design trick is to keep the nose from ever getting too hot. The bluntness creates a shielding shock wave out front that cuts the velocity of the air actually hitting the nose to subsonic speed, then slows the missile to around...
Last week the Air Force was highly enthusiastic about this concept. The beauty of ablating materials is the lightness that they allow in a nose cone. A solid-fuel missile like the projected Air Force Minuteman ICBM (due in 1963) would be badly overloaded with a heavy copper nose. Now the Minuteman will reportedly get a sharper, ablative nose, as may later advanced versions of the liquid-fuel Atlas and Titan, thus returning advanced missilery to orthodox streamlining...
...further price rises might be held down by the large inventories still on hand. Recent price rises in steel and other raw materials, said the report, were encouraged by the Mideast crisis, and might prove to be transitory. In one case they had already proved so; custom smelters of copper, who fortnight ago raised their prices ½? to 27? a lb., last week cut their prices back to 26½?. But steel showed no sign of retreat, as steel price hikes spread to 65% of the industry's output. Though Tennessee's Senator Estes Kefauver started a probe...