ARGENTINA: A Pair of Deals

Tempted by Juan Peron's new friendliness, two major U.S. businessmen tested the waters of Argentine investment last week and seemed quite ready and willing to wade in.

Atlas Corp.'s Floyd Odlum was in Buenos Aires for the second time. On his first trip, in June, he had proposed only to produce crude oil at Neuquen, 600 miles southwest of Buenos Aires and to build a pipeline to get it out (TIME, June 14). Peron approved, but nationalistic politicians and army officers raised the old cry of foreign exploitation. Odium countered by dressing up his deal with a plan that combines...

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