Word: metalized
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Dates: during 1960-1969
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...sidewalls, in the event of a puncture, will fold inward, leaving the tread to form a tight, flexible band around the wheel. Former Chrysler President William C. Newberg's entry may be the most novel of all. The device, called PosiTrac, is a steel rim fixed to the metal wheel inside an ordinary tire, capped with a thick rubber tread. In case of a blowout, the car can be rolled along on the inner rim at up to 30 m.p.h. Newberg claims that with Posi-Trac, which costs $80 a set, "nails, spikes, bullets, you name it, cannot stop...
...last week, in the cryptic jargon of commodity dealers, began the world's first public trading in mercury futures -contracts calling for delivery in a future month of the slippery metal known to mystified ancients, beloved of medieval alchemists, prized by modern industry for everything from thermometers to detonating caps. By his call of 90, Coyne had offered to pay $490 per flask for ten flasks of mercury* to be delivered the month after next. Marcus grabbed at the bid because the price surprised him. "We thought it would open at $480 to $485," he explained...
Uncommon Gyrations. The only common metal that is liquid at ordinary temperatures, mercury often shows uncommon price gyrations-in response to floods, strikes, politics, foreign smuggling, or even occasional hijacking of mercury-loaded trucks in the U.S. From a twelve-year low of $189 a flask in 1963, the New York price of mercury soared to a record $740 in June 1965, then sank to $330 a year later after the Federal Government began selling surplus metal from its strategic stockpile. Last week the price bounced as usual-from a Tuesday low of $480 to a Thursday high...
Poison & Salve. Actually, most traders expect mercury's price to climb, at least in the long run. Though the U.S. is the world's No. 1 mercury consumer, the nation produces less than a third of the metal it needs. It depends heavily on imports from Spain, whose 2,400-year-old Almaden mine, the world's richest, was first worked by invading Phoenicians. Both U.S. and world demand are growing faster than production, partly because of mercury's increasing use as a catalyst in the making of chlorine and caustic soda for the expanding chemical...
...sees a model at a show," said Leonard Sandberg, sales vice president for the Libertyville, Ill., Metalex Corp. (sales: $1,000,000), "a picture will mean something to him when the salesman comes around. But how can you expect a salesman to carry a 2-ft. by 6-ft. metal room divider? Frankly, we don't know what exactly to do." The housewares men scrambled as best they could. Some salesmen did business out of attache cases or in hotel rooms; former White House Chef Rene Verdon, who was supposed to perform at McCormick Place for the Scovill Manufacturing...