Word: nickell
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...bottleneck the real choke is in alloy steels (for armor plate and many a vital part in war machines). The Government now wishes that it had taken his advice two years ago, when he foresaw the raw-material shortages now plaguing the U.S. Then he urged stocking up on nickel, chrome and tungsten, suggested substitution of molybdenum for tungsten alloys, and other steps which, had they been taken, would be godsends...
...workers will soon match for cokes with a new kind of nickel. Treasury Secretary Morgenthau last week told the Philadelphia mint to get going on new U.S. 5? pieces containing 35% silver, 56% copper, 9% manganese-but no nickel. The current Jefferson head-and-home design will not be changed. Present coins are 25% nickel-75% copper, and the switch to new alloys will save about 850 tons of nickel and copper annually...
...will also save a lot of headaches for the U.S. Treasury, which has worked on nickel-less nickels for almost a year. Last February a 50% silver-50% copper nickel was tested, wouldn't go down most coin-operated machines. The new nickels work fine...
...reached a circulation peak of 2,700,000-second in the weekly field. It now claims only 1,400,000 -down over half a million from last year and its guarantee has been reduced all the way to 1,100,000. Ever since it upped its price from a nickel to a dime in April, following the Satevepost's lead, Liberty's sales have been sharply off-its subscriptions have not had time to be affected materially, but newsstand sales have dropped almost one-third and boy sales over 60%. Advertising revenue, always slim, dropped...
...checks in Alaska are no longer settled with bags of Klondike gold, but pennies are still so scarce in the Territory that last week Leon Henderson had to modify his general maximum price order, froze Alaskan prices to the nearest nickel instead of the nearest cent...