Word: molybdenum
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...General Motors Corp., but mass production of the bus is a long way off. Chief advantages of the vehicles: light weight, little vibration, use of a wide range of fuels, and clutchless operation. Drawbacks: high fuel consumption and scarcity of heat-resistant metals needed, such as nickel, cobalt and molybdenum...
Competitive Punch. In keeping with the times, penny uranium stocks have had a boom all their own (TIME, April 5). And on the Big Board such companies as Vanadium Corp. (up 83%) and Climax Molybdenum (up 44%) have risen as they have got into the uranium business. Other big gainers: oil and rubber (up 37%), insurance (up 40%), office equipment (up 43%). Of 35 major stock groups, only the tobaccos have declined since September, and their 16% drop can be traced directly to the lung-cancer scare...
Bill had no trouble with heterogeneous, and though he had no idea what it meant he managed to get through accrete. Other contestants were not so lucky: mellifluous lost an "1," fenestrate got a "phi," and molybdenum came out moldinum. By the time Bill was getting apocalypse, Pharisaical and littoral, the auditorium was already ringing with misspelled words (baubal, glatial, pavillion, urbain, annoble). Finally, the contest was narrowed down to three...
Climax also passed on some good news about its overall business to stockholders last week. The company's biggest business is mining molybdenum, the heat-resistant metal (melting point : 4,750° F.) for hardening steel. In 1953, Climax' sales climbed to $38,907,151, 30% better than 1952, and earnings rose from $6,071,519 in 1952 to almost $9,717,000 last year...
...until World War I no one had much use for the metal. The Germans, then short of tungsten, first used it to harden the barrels of their Big Berthas. It was used on a large scale again in World War II. In peacetime, however, most steelmakers preferred tungsten; molybdenum production usually dropped off to a trickle...