Word: ores
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Dates: during 1950-1959
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...million, its biggest loan since World War II, to the White Pine Copper Co., a subsidiary of Boston's Copper Range Co. The money will be used to develop its holdings in the Upper Michigan peninsula,* which are estimated to have reserves of 309,660,000 tons of ore and a potential copper output of 35,000 tons a year. Said Copper Range President Morris LaCroix, who has been after an RFC loan for 13 months: "Now this great national asset will be put to work...
...Fairless Works. It will cost $400 million. Giant earthmovers are clawing across 3,800 acres of bean fields and tomato patches; 6,000 construction workers are laying 20 miles of paved roads and 75 miles of railroad. Huge shovels scoop out the river basin to dock ore ships that will come from Venezuela...
Near by rise the skeletons of two blast-furnaces which will smelt the ore into iron, and the chimneys of nine open-hearth furnaces where the iron will be turned into molten steel, spilled into a giant ladle and poured into ingots. Beyond are the "soaking pits," huge ovens where the ingots will be kept red hot while they wait their turn in the mills, where tremendous rollers will press the glowing ingots into slabs...
...Empire Builders. Banker Morgan, an orderly man, regarded price-cutting and dog-eat-dog competition as anarchic. He believed in "rationalizing" competition by mergers. Having rationalized railroads, he had gone a long way toward rationalizing steel before he conceived his master plan. He had merged two steel plants, an ore company and a railroad into the Federal Steel Co., with Illinois' Judge Elbert H. Gary at the helm, and merged 19 steel-fabricating plants into National Tube. Yet the whole steel industry was still dominated by Pittsburgh's sturdy Scottish rebel, Andrew Carnegie, who in 1900 turned...
Homing Instinct. In Portland, Ore., for the second time in as many weeks, cops found Kenneth W. Scott, 37, stuffed in a garbage can sleeping off a drunk...