Word: dows
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Dates: during 1940-1949
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Some new industries cropped up too. Texas got a $7,000,000 airplane factory at Grand Prairie, a $10,000,000 airplane assembly plant at Garland, a plant to assemble four-motored Army bombers at Fort Worth. Dow Chemical Co. is spending $15,000,000 on a plant at Freeport, Tex. for extracting magnesium from Gulf water. Manufacture of toluol (for TNT) from petroleum was begun by Shell Oil Co. at its Houston refinery; a new $10,760,000 toluol plant was also under construction at Baytown, Tex. by Humble Oil. Another defense-born baby of the oil industry...
...corrosion and combustion. Arnold's indictments charged that patents on these processes had been used to set up monopoly control. Named chief co-defendants with Alcoa and I. G. Farbenindustrie were American Magnesium Corp. (half owned by Alcoa), which is the chief U. S. processor of magnesium, and Dow Chemical Co., which in 1927 developed a native American process for extracting the metal from Michigan brine wells...
According to the indictments, Alcoa stopped manufacturing magnesium in 1927 and began buying it from Dow; Alcoa and I. G. Farbenindustrie also formed a patent combine (later joined by Dow) which refused to grant fabrication licenses to other processors except on condition that they buy from Dow. The alleged result: Dow was left the only U. S. producer, and the price of magnesium (now 27? a pound) was maintained about 50% over the price of aluminum (now 17?). The indictments asserted that Dow had delivered magnesium in Germany for less than its f.o.b. price...
...Francisco Gastrointestinal Specialist Dr. Felix Cunha charted the incidence of stomach ailments against the Dow-Jones average. Result: a rough X, showing that when business goes down, businessmen's stomach troubles go up. Said Business Week: "Logical as that thesis is, though, we'd like to work on the reverse of it-that when businessmen get stomach trouble, business recedes...
...could no longer be taken for granted in 1940. Standard Oil and Goodrich built plants to make synthetic rubber (which is no trick) and to make it cheaply and in tonnage (which is). Meanwhile, among hundreds of unsung corporate pioneers, Champion Paper & Fibre made newsprint from Southern pine, and Dow Chemical extracted magnesium from the sea water that laps Freeport, Tex. What may yet prove the year's most useful discovery was less romantic: at South Bend, Studebaker was testing out a turret-lathe that could turn one shell a minute...