Time Clock, Sep. 24, 1956

OIL COMPANIES are starting to strike it rich in uranium. Phillips Petroleum Co. has uncovered high-grade ore body with estimated 1,500,000 tons of ore on 1,280-acre lease previously shared with Holly Minerals Corp. near Grants, N. Mex., has started talks with AEC to construct processing mill.

NEW SUPERSONIC BOMBER will be built by North American Aviation (F86 Sabre, F-100 Super Sabre) for U.S. Navy. North American has $86 million development contract for 1,000 m.p.h., twinjet, A3J carrier-based bomber.

MINIMUM WAGE BOOST to $1 per hour has been extended to 36 more businesses working...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!