Word: uranium
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Another U.S. businessman interested in making a deal with Peron & Co. is Financier Floyd Odium (Atlas Corp.). After first seeking an oil concession in central Argentina, Odium offered an elaborate oil-uranium investment package. Perón himself seemed willing to do business, but nationalist politicos and army officers around him objected strenuously to letting a Yanqui get his hands on Argentine natural resources. Last week, having given the Argentines 30 days to make up their minds, Odium was back in the U.S. waiting for a yes or (more likely...
...URANIUM STRIKE on the Colorado Plateau may turn the nation's biggest gold producer into a uranium miner. Homestake Mining Co., which produced $18 million worth of gold last year and has spent $500,000 looking for uranium, has discovered a rich deposit at the end of a 3,200-ft. tunnel driven underground next to Millionaire Geologist Charles Steen's fabulous Mi Vida mine...
Treasure Tracker. For uranium hunters who want to prospect from plane, train or auto (TIME. Oct. 11), Manhattan's Radiac Co. has developed a 6-lb. supersensitive Geiger counter. Price...
Retreat into Mystery. Two weeks after Fermi reached New York, he heard about the famous telegram telling Niels Bohr that uranium fission had been discovered in Germany. Fermi knew what it meant: that enormous energy might be extracted from the uranium atom. Soon he was part of the vast U.S. attempt to release that energy in an atomic bomb...
...keep Geiger counters and the more sensitive scintillators in stock, had already sold "hundreds" of them. Complained a professional ore analyzer: "My phone rings all night long. They call from all over the U.S., and they want to know if they should come out here and look for uranium...