Show ONE BILLION DOLLARS WORTH OF U U People more Informed than we are will be debating for several several sev sev- several eral weeks on just what the release of pounds of uranium for peaceful purposes will mean to the uranium Industry Last week as you know President Eisenhower announce announced the U. U S S. would sell or lease pounds of U a primary nuclear fuel for peaceful usage by friendly nations who havno have hav no supply of their own An equal amount will wil wilbe be sold or leased lease to Industrial firms at home who are Interested In nuclear power powe plants and similar projects While no one seems quite certain as to the exact bons of that action everyone seems to feel that nothing but good can result That pounds of U worth one billion lon dollars wi willbe will be used largely for experiments From those experiments It Its It's safe ufe to predict will wil come uses rises for nuclear fuel now undreamed of And those new uses will create a demand for uranium or ore that very possibly could far exceed any military requirements past or future No one In the uranium country we believe has been serIously seriously ser ser- afraid that uranium Is only a passing fancy Unfortunately Unfortunately Unfortunately however some people elsewhere have had doubts 1 In recent months about the permanency of the Industry Those Thos doubts have been reflected In the withdrawal of venture capital capita President President EIsenhower's announcement should tend to reverse revers that situation And It surely should quiet fears tears both In the In Industry Industry industry In- In and outside It as to what will happen if it government support is halted after 1962 Wed We'd almost bet that therell there'll be such a demand for uranium by that time that producers will be campaigning for a free market |