Word: option
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Dates: during 1950-1959
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Many companies are merging to assure long-term lumber supplies. Georgia-Pacific last week took an option on a "substantial majority" of stock (at $310 a share) in California's Hammond Lumber Co., thus gained control of 3.5 billion bd. ft. of timber. Biggest merger yet is now being negotiated by International Paper Co., biggest U.S. papermaker, and Kansas City's Long-Bell Lumber Co., No. 2 lumber producer (after Weyerhaeuser...
...their first two years of basic study at the Medical school and then switch over to the school of Dental Medicine's own building for two years of clinical dentistry. The student would receive his D.M.D. degree upon the completion of this four-year course. He then had the option of returning to the Medical School for his final two years towards...
...pushing sales of Consolidated, Tellier had far more in mind than brokers' commissions. He was a big investor in Consolidated himself, bought 250,000 shares at 1?, got an option to buy 1,000,000 shares at 20?. Then, said the grand jury, by fraudulent advertising and "over-the-counter manipulation" of the 20 million shares he handled, Tellier ran the price up as high as $1.87 a share and unloaded his own holdings...
...world's deepest well.* Last week, after the three partners had spent a total of $2,450,000 on it, 1-L came in, was flowing about 200 bbl. a day. If it leads to a big new discovery on the 10,000 acres they have under option, the partners can consider their big stakes well invested. But by itself, 1-L is no big profitmaker. After paying royalties to the landowner, state taxes, piping and shipping expenses, the partners will clear about $350 daily on the well at present prices. At that rate it will take them more...
...Surprise, the show that gives away more than any other in the world. Once, at the $50,000 question, Lenny gave the wrong answer, but the next week, under the show's rules, he was rescued and given another try. Last week, with no option, under the rules, but to try again, Lenny correctly answered an intricate, five-part question that required 13 answers, and became the fourth winner of the biggest quiz-show jackpot of them...