Word: fluorspar
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Dates: during 1950-1959
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...Kentucky's Alben W. Barkley says of the bill: "I'm for it-but I'm disturbed about coal and fluorspar so I'm reserving my judgment on amendments...
...spending to stockpile "critical and strategic" defense materials has been greatly increased. Defense Mobilizer Arthur Flemming announced last week that in fiscal 1955 the U.S. will spend $900 million (some $250 million more than 1954) to buy 22 essential stockpile items, from aluminum and diamonds to feathers and fluorspar. By next year, the bulging U.S. war chest will reach a staggering $5 billion, rivaling the $6.5 billion farm surplus hoard. Since the buying was stepped up after the end of the Korean war, a big question has been raised: Is the strategic stockpile a military program...
...ability to adjust itself to changing times, turn out new products and create new markets. Under dynamic management, many a company has diversified so fast that it has not even found time to change its name to keep pace with its progress. Examples: Minnesota Mining (up 55%) moved from fluorspar to Scotch tape, now makes recording tape to boot; American Machine & Foundry Co. (up 26%), which started out making cigar machinery, now produces everything from bowling pin setters to tie-stitching machines and pretzel twisters. Even the steel industry (whose stocks are up 38% since September) is tentatively edging into...