Word: atlases
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Dates: during 1950-1959
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Payoff in Manhattan. Last week Prospector Pick went to Manhattan to see about selling his mine. There he sat down with Floyd Odium of Atlas Corp., who has been busily scouting the Colorado plateau, picking up uranium claims in hopes of putting together a major new combine of uranium companies. After several days of dickering, Pick sold his mine to Odium's Atlas Corp. for a whopping...
Pick will stay on as chief executive officer of the mine, while Atlas will set up a subsidiary to get the property into big-scale production. At present Pick is digging out 1,500 tons of ore a month and selling it to the AEC at a clear profit of $32 a ton. Odium soon hopes to step that up to 10,000 tons a month. Said he: "Uranium is the oil of tomorrow, and tomorrow isn't very far away...
...group of correspondents talking about the food they have sampled in their travels and you soon have a culinary atlas of the world...
FLOYD ODLUM, who just completed an oil deal with the Argentine government of Juan Peron, is now discussing the formation of a new holding and investment company, Atlas Corp., Argentina, to push Argentine industrial development. U.S. companies' pesos frozen in Argentina would be used as operating capital at the start, and the stock would be listed on the New York Stock Exchange so that U.S. investors could buy in later...
...Promising Claims. While Odlum was negotiating with Perón, Atlas representatives were putting through a deal with stockholders of Lisbon Uranium by which three companies linked with Atlas (Wasatch Corp., San Diego Corp. and Air-fleets, Inc.) took over control of Lisbon. In exchange for 2,800,000 shares of stock (out of 4,150,000 outstanding), the Odlum interests turned over to Lisbon 15 promising uranium claims in southeast Utah and cash for diamond-drilling with a total value of $930,000. The claims are all near the rich mine started by Charlie Steen (TIME...