Word: uranium
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Back in 1946, young Joe Cooper and his" father-in-law, Fletcher Bronson, of Monticello, Utah, paid $1,000 for 500 acres of copper-mining property in southwestern Utah. They soon regretted the investment: the copper ore was so heavily contaminated with uranium that nobody wanted to process it. Then the atomic age got into swing, and Cooper and the Bronson family forgot all about copper. Their Happy Jack mine never had a waste dump, because every pound of rock dug up was commercial-grade ore. Last week Cooper, now 45, and the Bronsons decided that the mine...
...backed by a syndicate of New York, Denver and California interests, including Lewis Douglas, former Ambassador to the Court of St. James's, and New York's Foley Bros., one of the world's biggest metallurgical plant builders, now putting up an $8,000,000 uranium reduction mill at Moab, Utah for Charles Steen, uranium millionaire (TIME, June 27). Foley will operate the Happy Jack for Barlu, and build a big mill where, under present plans, uranium processing will be carried two steps farther than private industry has ever gone before: from uranium oxide concentrate to uranium...
...leading playwrights since 1936, is that he frequently says what he thinks is clever instead of saying what he means. The method works fairly well in blazer farce and weekend melodrama, but when it comes to hearing the human heartbeat of a situation, Rattigan might as well be hunting uranium with an ear trumpet. Moreover, in The Deep Blue Sea, the leading lady does little to help. The part is scored, though crudely, for the full cello notes of womanly anguish; Vivien plays it in the thin pizzicato of girlish petulance...
...three met while working for Salt Lake City's J. A. Hogle & Co., soon came to the conclusion that a stock salesman's salary and commissions were not enough. Dumke got in at the start of the uranium boom and bought options on 400 claims in Utah's Big Indian district, sold them at a fat profit. Muir also cleaned up in uranium; he bought a big block of Lisbon Uranium Co. stock at 20? a share, saw it rise to $7. Light played the Big Board with equal success...
Muir and Dumke then formed a brokerage firm to trade mostly in penny uranium stocks. Early last year they brought Light and his cash into the partnership, whose net worth now is $250,000. Their goal when they launched Muir, Dumke & Light was to get a Big Board seat within five years. "Now that we have accomplished our aim so soon," says Dumke, "we have the longest potential experience of any partnership in the country...