Word: cash
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Dates: during 1930-1939
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...reason Mr. Hill might be willing to pay a cool $35,000,000 to commute his lease is that he can now borrow from the banks at ridiculously low rates. Even if he did not choose to use any of the $32,000,000 cash he had on hand at the start of last year, interest charges on the whole sum would probably amount to less than $1,500,000, leaving him a round $1,000,000 to the good each year...
...included in the crop estimates were livestock products with a 1934 value of about $1,400,000,000 or poultry & dairy products with a value of about $2,300,000,000. Nor did the report include AAA cash benefits which this year will foot...
...many holes in the board. For his total score he receives a certain number of coupons exchangeable for merchandise. The average player, of course, spends much more accumulating sufficient points to win, say, a $25 radio than he would if he went out and bought the instrument for cash. Smart players can run up enough points to get more in merchandise than they put into the machine in coins. Some make the game a profession, carry their own bubble levels to gauge the tilt of each table. Others try to beat the house by marking the plunger with a pencil...
What the Metropolitan got last week for its money was Watteau's excellent Le Mezzetin, whose full title is Le Mezzetin jouant de la Guitare. In 1932 Soviet Russia needed ready cash, dug Le Mezzetin out of Leningrad's Hermitage Museum, sold it to Manhattan's Wildenstein Galleries. Wildenstein lent it last summer to Chicago's Century of Progress art show. It will be shown at the Metropolitan in January...
...weeks ago Standard Oil of New Jersey called $90,000,000 in debentures by paying off $8,000,000 with surplus cash, selling $37,000,000 worth of notes privately, borrowing $45,000,000 from the banks. Shell Union called $26,000,000. Last month Socony-Vacuum laid plans to retire through bank loans $28,000,000 in bonds after paying $1,000,000 in maturities. Last week potent Gulf Oil announced it would retire $41,582,000 outstanding in bonds of a subsidiary, Union Gulf Corp. Financial pundits expected the bonds to be redeemed with borrowed money...