Word: optionally
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Dates: during 1930-1939
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...upping scheme especially for cotton planters. Under it Secretary Wallace takes control of 2,144,937 bales of stabilization cotton from the old Farm Board. John Planter, who normally raises 90 bales of cotton, steps up and promises to raise only 60 this year. Secretary Wallace gives him an option on 30 bales of Government cotton at 6? per lb., the current market price. When hundreds of thousands of John Planters repeat this process, cotton demand starts to exceed cotton supply and prices (in theory) spurt up to 8? or 10? or 12? per lb. Next autumn John Planter orders...
Quiet Sewell Avery, one of Chicago's leading citizens, able conversationalist, last week looked well worth what he costs his stockholders. His salary was not given but in his report he disclosed what had been the chief inducement offered him to take the job: an option to purchase 100,000 shares at $11 a share. He furthermore disclosed how the company got shares that it holds in its treasury against his option: 43,117 were repurchased with 5% interest from employes who had bought them on stock subscription plan-thereby saving the employes from loss; 49,178 shares were...
...when Sears, Roebuck was in difficulties Julius Rosenwald made that company a gift of 50,000 shares of its own stock then worth about $60 a share. The gift was conditioned by an option to repurchase at $100 a share. Later he exercised the option when the stock was selling at $235, made...
According to yesterday's reports, the legal affairs committee at the State House is still discussing modifications of the Licensing Act of 1920, but no legislation has yet been enacted. Since 1881 a system of local option has been in effect in Massachusetts, under which each municipality determines for itself whether there shall be "license" or "no license." Under the existing law, the citizens of the communities of the state are required to vote affirmatively every year in order to authorize the sale of non-intoxicating alcoholic beverages. The last vote on this subject in Cambridge was taken about...
...Cotton Options. The first feature of the bill was an invitation to cotton growers to speculate on a rising market as a result of crop reduction. With R. F. C. funds the Secretary of Agriculture was to take over all Farm Board cotton, some 3,000,000 bales. Cotton farmers who agreed to cut their production 30% or more were to be given an option on as many bales of Government cotton as they would otherwise have grown. The option price would be whatever the Secretary paid for the Farm Board holdings. Presumably cotton prices would mount. Before...