Word: piped
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Dates: during 1940-1949
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...Troubles. Ever since the first contract was signed, there has been plenty of hell but little production around Permanente. Hundreds of construction workers jostled with hundreds of production employes trying to handle highly explosive magnesium dust. Once a conveyor pipe broke and caused an explosion which killed a few workers; again careless builders hooked on to a hydrogen line instead of an air hose, blew themselves skyhigh. Atop everything else, the newly designed three-story electric furnaces were constantly on the blink because the terrific heat (4,000° F.) melted vital parts...
Thus, early one morning last week, the world's biggest (24-inch) oil pipeline was finished-550 miles from Longview, Tex. to Norris City, Ill. It had been a mean, dirty, backbreaking, six-month job. But the thousands of men who had dug the ditch and laid the pipe and swabbed its insides clean had given the pipe an affectionate name-the "Big Inch...
...reasons this transaction makes sense: 1) Allied Chemical disposes of an investment which has little relation to its normal business; 2) U.S. Pipe gets voting control (43%) of one of the top U.S. pig-iron producers with a 500,000-ton annual output...
...nosegays for this deal go to smart, up-from-the-ranks U.S. Pipe President Norman Felt Shelton Russell, who joined the company 33 years ago, has seen it grow from just another pipe producer to champion in its field. One of the first U.S. corporations to land war contracts, U.S. Pipe three years ago was selling millions of dollars worth of cast-iron water mains for Army camps, defense houses. Then Pipemaker Russell took on orders for shells, gun mounts, howitzer barrels, etc. Result: sales in 1941 jumped to a 15-year peak of $23,000,000; sales last year...
...Pipe not only has plenty of iron, but it also has another source of revenue: based on Sloss-Sheffield's $6 annual dividend-U.S. Pipe will get $327,000 in 1943, almost 8% on its investment...