Word: ingots
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Dates: during 1940-1949
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...terrific effort attains an aluminum ingot capacity of 600,000 tons (up 420,000 tons from 1940) by next year, and cuts off all aluminum for civil and indirect military uses, it may have barely enough for direct military needs. Such was the consensus of testimony last week before Senator Harry Truman's committee investigating the state of U.S. defense. But what really interested the committee was why the Army, Navy, defense production agencies and the aluminum industry itself all failed to recognize that fact last fall...
...index is a composite of 81 series which measure production in 33 industries. Very few of those series are available weekly. TIME'S index is a composite of only three factors: steel ingot production, electric power consumption, and freight carloadings, all available weekly. Of these three, only steel is also a constituent of the FRB index. But power and carloadings fluctuate in line with activity in so many other industries that TIME'S index indirectly represents as broad a cross-section as the FRB. Calculated back for the past six years, the monthly average of TIME...
...grounds that Aluminum Co. of America is a monopoly, started an antitrust suit that has yet to be decided. Last year the Government took a more direct route to the same end. Its RFC loaned smart little Reynolds Metals Co. $15,800,000 to build its own aluminum ingot plant (in Alabama) to compete with Alcoa. Month ago RFC advanced another $4,200,000 to Reynolds, to help with a Bonneville plant. Last week Reynolds Metals put out its 1940 report, proof that Alcoa's competitor was growing fast. Its 1940 sales were a record...
Dazzled by the happy tidings, newsmen turned to the Dunn report. But in Mr. Dunn's blend of statistics and technical language, they found no such rose-colored picture. In 1940 the U. S. produced 66,674,000 net tons of steel ingots-a record. But during December the industry was working at a yearly production rate of 77,496,000 tons. Dunn figures that present U. S. steel capacity can be upped to a "reliable capacity" of 87,576,099 tons, merely by cutting down the closed-for-repairs period by 25% and adding excess capacity...
...industrial promise for nearly 70 years, and expansion of its steel capacity is nothing new. Aluminum plants are more exciting: not only do they look permanent, but the Reynolds plant will give Alcoa (which is also expanding its Tennessee Valley capacity) its first real competition in ingot production. But to many Birmingham businessmen, anti-aircraft shells, powder and shell loading looked like stimulants that would soon wear off. Asking themselves what a powder plant could be used for in peacetime, they found no answer...