Word: coppers
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...gentle, harmless things, but when a magnetic field gets really intense, it acts like a high explosive. Physicists H. P. Furth of the University of California, M. A. Levine of the Air Force Cambridge Research Center, and R. W. Waniek of Harvard showed a ring of hard beryllium copper that had been expanded plastically by a magnetic field, even though it was surrounded by steel many inches thick...
Working together at Harvard, the three scientists shot an enormous current for a few millionths of a second through their copper ring. Inside the ring the magnetism jumped to the unheard-of level of 1,600,000 gauss.* Pressure rose above 1,000,000 lbs. per sq. in., and the metal churned and writhed as the magnetism clawed into it. Such pressure and violent motion may have some bearing on nuclear fusion, and this may be why Furth is now working at the famous hydrogen-bomb laboratory at Livermore, Calif...
...greatest earnings jump was reported by Anaconda Co., the copper-mining giant which is also the biggest U.S. producer of uranium. Profits rose 70% to an alltime high of $111 million, or $12.84 a share v. $7.52 in 1955. Chairman Roy H. Glover showed his confidence in the economic future by announcing a huge new expansion plan. Anaconda will raise more than $100 million by offering 1,734,865 new shares to stockholders on a one-for-five basis. It will be the company's first stock financing since...
Barely twelve months ago Olin Mathieson Chemical Corp. announced plans for a $120 million aluminum plant at Buckhill Bottom, 20 miles from Wheeling, W. Va.; soon afterward it joined forces with Revere Copper & Brass to boost the ante to $304 million. In quick succession the Pennsylvania Railroad spent $4,000,000 building twelve miles of spur track to the plant site, and M. A. Hanna Coal Co. started work on a big new mine to provide coal for Ohio Power Co.'s expanding plant at Cresap, W. Va., which in turn contracted to supply power for the new aluminum works...
...Small Profit, Big Turnover. Founded in 1888 to exploit the old copper mines around the ancient spa of Montecatini, the company perked along modestly until 1910, when hard-driving Guido Donegani, a young mining engineer, moved into the presidency and set out to build a self-contained empire. He began mining the area's neglected iron pyrite deposits (for sulphuric acid), then built a plant to process the pyrite wastes, and extracted 600,000 tons of pig iron yearly-a boon for iron-poor Italy. He made blasting powder for his own mines and turned Catini into Italy...