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...electric furnaces, which are hotter, can be more precisely controlled, turn out steel ingots of the finest grade. Many an aircraft part, the guts of internal combustion engines, light armor plate for tanks, tools for Defense industry must (or should) be rolled from electric-furnace ingots. As defense orders pile up, steelmen have encountered a growing demand for high-grade, high-cost, electric-furnace steel...

Author: /time Magazine | Title: STEEL: Expanding Furnaces | 8/5/1940 | See Source »

...election might come closer to democracy than anything Mexico ever had. There was the usual Government-sponsored, in-the-bag candidate. But there were also three other candidates, and one of them, though he had not a paisano's prayer of winning, nevertheless was conceded a chance to pile up a whopping sum of honest votes. In Mexico that was something. The candidates...

Author: /time Magazine | Title: MEXICO: An Age of Trickery | 7/15/1940 | See Source »

Imports. Last year Congress told the U. S. Treasury it could start laying in a stock pile of strategic war materials, appropriated a mere $10,000,000 for the project. Hence the Government stock piles last week were mere mounds. Particularly inadequate were its stores of two materials whose immediate supply depends on the Far East: rubber (30,000 tons; U. S. 1939 consumption nearly 600,000 tons) and tin (6,124 tons; U. S. normal peacetime consumption 82,000 tons...

Author: /time Magazine | Title: FOREIGN TRADE: The Bars Go Up | 7/15/1940 | See Source »

...vulnerable spot. Their net: a post-war era of harmony between Europe (i.e., Germany) and the U. S. would mean a boom for the U. S., especially U. S. farmers, and would relieve the U. S. Government of two of its thorniest problems: 1) its $19,000,000,000 pile of idle gold, and 2) Latin America...

Author: /time Magazine | Title: WAR FRONT: German Tempter | 7/8/1940 | See Source »

...John's consisted of an abrupt stub: a Romanesque choir and crossing. Bishop Manning (with the aid of professional Money Raisers Tamblyn & Brown) infected New York City with a cathedral-building itch, scratched up some $15,000,000, transformed his Romanesque stub into a soaring Gothic pile. Bishop Manning will be remembered as a cathedral builder. He may also be remembered as a bishop who had little luck with his deans...

Author: /time Magazine | Title: Religion: St. John's Dean | 7/1/1940 | See Source »

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