Word: tungsten
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After kicking around Congress for weeks, the Administration's metals subsidy plan (TIME, May 19) finally died last week at the hands of the House of Representatives. Originally put forward to bolster prices in five depressed industries (copper, lead, zinc, tungsten, fluorspar) -and incidentally win support for the President's reciprocal trade program from mining-state Congressmen-the $458 million support program ran into rough going after passing the Senate. Chief reason: many Congressmen felt that the bill would aid mainly those big international producers who are making money anyway and are doing most of the importing that...
...Deke" Parsons special care during those five hours was a mechanical marvel nicknamed "Little Boy." A vaguely cylindrical device, it measured 129 in. long, 31½ in. in diameter, weighed 9,700 Ibs. Four antennas bristled from its tail; its tungsten-steel nose glistened; on its grey flanks were scrawled obscene greetings to Emperor Hirohito...
...engine, says Rocketdyne, will take perhaps five years, but it will not require any new scientific breakthroughs. The present Thor engine, which is about as big as a small sports car, will be scaled up to about three times as big. New alloys (probably tungsten-molybdenum-nickel) will be needed for the walls of the thrust chamber, whose temperature will rise from 1,000°-1,200° range to the 1,800°-2,000° range. Combustion-chamber pressure will rise from the current 300-500-lb. range toward 1,000 Ibs. per sq. in. The turbopumps that...
MINING SUBSIDIES of $155 million for depressed copper, lead, zinc, tungsten and fluorspar (TIME, May 19) passed Senate by such a high margin (70-12) that bill stands good chance of riding through House and becoming law this summer...
Chile's copper exports will be off some $225 million this year, pushing the country into an overall $95 million trade deficit. Bolivia, which gets about 80% of its export money from tungsten, lead, tin and zinc, whose prices are off as much as 30%, is in the same economic fix. So are such metal-producing African exporters as Rhodesia and the Belgian Congo, whose exports of nonferrous metals were hit by a 9% price decline in the first quarter of 1958 alone...