Word: fluorspar
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...plan to help depressed U.S. mining industries and also to quiet opposition to extending the reciprocal trade agreements. Under Seaton's five-year plan, which would cost an estimated $161 million the first year, the Government would pay the miners of copper, lead, zinc, tungsten and fluorspar the difference between the market price and a set "stabilization" price. To Canada and the Latin American countries that export metals to the U.S., the Seaton plan is a welcome alternative to the tariff increases they face. The increases, plus cutbacks in imports, have already stirred up bitter feelings, as Vice President...
...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...
Last week, with the ice gone at last from the flat water downstream, ships of many nations furrowed the glacier-carved Saguenay. Inbound, most of them carried cargoes of orange-colored bauxite (aluminum ore) from British Guiana. A few were laden to the Plimsoll mark with cryolite from Greenland, fluorspar from Newfoundland, pitch and coke from the U.S. At Port Alfred on Ha! Ha! Bay,? fine ores were loaded into railroad cars for a 20-mile journey beyond the deep water. The freighters were reloaded with aluminum, in ingots or billets, for the industry of Canada and foreign lands...