Word: vanadium
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Dates: during 1950-1959
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...Public Health Service reported last week some disturbing byproducts of the Atomic Age. For a year its experts studied the Animas River in Colorado and New Mexico, whose water is used for the homes of 30,000 people. Below the Durango, Colo. uranium refinery of the Vanadium Corp. of America, the water was loaded with radium from the plant's wastes. Some samples were 160% above the maximum level officially considered safe for health. Vanadium Corp. has agreed to do something at once...
Action at Last. D'Allessandri's little black book showed that in eight months of 1953, Terbita shipped thousands of tons of such strategic commodities as vanadium, cobalt, nickel, copper and molybdenum (listed as Portuguese cork) to Soviet-bloc countries. The record showed that Terbita paid $3,000,000 in profits to the Italian Communist Party. Police also have record that another $1,000,000, transferred from Poland to Terbita's account, never reached the party chest, and Lawyer Greuter said that the Italian Communist Party should ask Reale about that...
...second place, hit its peak with $122,689,308, well above the previous peak of $93,525,000, set in 1953. Other record-setters: Sylvania Electric Products, with $9,556,210, 55% over last year; American Can, with $28,932,161, up 18%; Alcoa, with $55.779.754, 71% over 1954; Vanadium Corp., with $42,516,191, up 59%; Libbey-Owens-Ford, with...
...boom then was founded on paper claims and hope; now the penny-stock companies are merging, or being taken over by companies with enough capital to start mining. At least 20 of the nation's biggest mining companies, e.g.. Phelps Dodge, Anaconda Copper, Climax Molybdenum and Vanadium Corp. of America, were looking over companies with promising claims. Thus out-of-town investors, who hooted at uranium stocks nine months ago, have changed their tune. Now three of every four orders come from outside the city...
Competitive Punch. In keeping with the times, penny uranium stocks have had a boom all their own (TIME, April 5). And on the Big Board such companies as Vanadium Corp. (up 83%) and Climax Molybdenum (up 44%) have risen as they have got into the uranium business. Other big gainers: oil and rubber (up 37%), insurance (up 40%), office equipment (up 43%). Of 35 major stock groups, only the tobaccos have declined since September, and their 16% drop can be traced directly to the lung-cancer scare...