The Saint glanced over it with lazy and bantering blue eyes.

"You mean I should read it to you, or are you just stuck on the longer words?"

"What do you know about iridium?"

"Iridium," said the Saint encyclopedically, "is an element with an atomic weight of 193.1. It is found in platinum ore, and also in lesser quantities in some types of iron and copper ores. In metallurgical practice it is usually combined with platinum, producing an alloy of great hardness and durability, suitable for the manufacture of electrical contacts or for boring holes in policemen's heads."

Fernack breathed deeply and carefully.

"What do you know about this black market?"

Simon ran a hand through his dark hair.

"I know that there is one. There has to be. That isn't any great secret. Iridium is one of the essential metals for war production, and it's awful scarce — so scarce that after Pearl Harbor the price shot up to about four hundred dollars a Troy ounce. The present official price is about a hundred and seventy dollars, or about two thousand bucks a pound, which is still very expensive groceries. If you can get it. But you can't get it."

"You're supposed to get it if you have the proper priority."

"So the Government gives you a pretty license to buy it. They could probably give you a license to buy a web-footed unicorn, too. And then all you have to do is find it."