Word: ponts
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Dates: during 1950-1959
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Last week the Defense Materials Procurement Agency gave Crane a contract which will make it the biggest single U.S. producer of titanium, topping both its chief rivals, Du Pont and Titanium Metals Corp. of America. DMPA will advance Crane up to $24.9 million to build a plant (possible sites: Nashville, Chattanooga) big enough to make 6,000 tons a year, about six times the total U.S. production last year...
Early Bird. Crane's President Holloway started following up his ideas on titanium shortly after Du Pont produced the first small batches of titanium metal in 1948. Then, as now, the best process for getting the metal out of the ore was the Kroll one, which extracts the titanium "sponge" as a clinker by using magnesium to drive it out of a solution. By 1951, Crane's researchers had improved this process to a point where Holloway was willing to gamble $2,000,000 on a pilot plant in Chicago. The plant worked so well that DMPA says...
...passage through water or paraffin. Thus slowed, the neutrons were much more likely to be captured by other elements, making them radioactive. A friend of the scientists, Gabriel M. Giannini,* thought the process might have commercial value, but practically no one else did. Such great U.S. companies as Du Pont, General Electric and American Cyanamid showed no interest...
Hidden Virtues. The first opaque nylon, which eliminates the "show through" of nylon cloth used for lingerie, shirts and shorts, was announced by Du Pont...
WALL Street Analyst Washington Dodge predicts a great bull market for "sometime in 1954" which will lift the Dow-Jones industrial average, now 270.88 "comfortably over 300." Other Dodge predictions: New York Central stock, now 25, will be selling at 37; Du Pont, now 91, at 125; Western Union, now 44⅛, at 88; Bethlehem Steel...