Word: plateauing
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ATLAS CORP. is adding uranium to its interests. President Floyd B. Odium has bought a large group of mining claims owned by Prospector Charles A. Steen (TIME, Aug. 3) on the rich Colorado Plateau near Moab, Utah. The claims will be worked by the Lisbon Uranium Mining Corp., 60% of which has just been bought by three Odium subsidiaries in a stock and cash deal...
With a string of uranium mines and one mill already operating at capacity in Colorado's plateau country, Climax announced that it was moving its uranium subsidiary headquarters from New York to Grand Junction, Colo., to be closer to actual operations, making it easier to expand into uranium. Though the company netted only $428,248 (4.4% of total profits) from uranium in fiscal 1953, it is prospecting for more lodes, will build new ore-processing plants wherever needed...
...This is a mistake. The truth is there is a very desirable meeting ground between business and Government. It is a plateau that rises above the twin dangers of costly 'do-goodism' in the swamp to the left and shortsighted selfishness in the mountains to the right...
...case of public housing, said Slusser, the plateau of teamwork can be reached through a city's slum section, which produces an everlasting succession of headaches but little revenue for private real-estate men. "My guess is that nobody in this audience is handling slum homes. You want customers-not the nickels and dimes wrung out of human misery...
...even worked their claims. Nevertheless, early investors have not lost money. The trick has been to get in on the ground floor of a new issue and then unload at double or triple the price to latecomers. The big lure is that there is uranium in the Colorado Plateau, and in some places, lots of it. All the penny plungers dream of the day when their company makes the big strike-and their penny stocks suddenly are worth dollars...