Word: options
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Dates: during 1930-1939
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...Gene Fowler. In 1935 Universal made overtures to Charles Laughton to play the lead, but Laughton went to MGM for Mutiny on the Bounty. By last autumn Edward Arnold was signed to play the lead, but by that time there was a shortage of cash. Cheever Cowdin's option on the Universal studio supplied the funds. Production finally got under way in November...
...order to get money to finish its two biggest current features, Slitter's Gold and Show Boat, Laemmle borrowed $750,000 from Standard Capital Co. controlled by Cowdin, his friend & partner, George Newell Armsby, and Broker Lawrence W. Fox Jr. In return, Laemmle gave Standard Capital an option on his stock until Feb. 1. The option was extended six weeks. Last week Standard Capital deposited $1,500,000 in a New York bank. An additional deposit of $4,000,000 will be made within 20 days. After that Universal will be in the hands of its new owners...
...Sunday worship in a North Side parochial school. Currently the plumpish, bespectacled priest lives at a Catholic hospital, celebrates mass in its chapel, depends for clothing and pocket money on the $2 or $3 his Chaldeans give in weekly collections. Not at all daunted, Father Thomay recently took an option on a site for a church, was busy last week with plans for a Byzantine structure to be called St. Ephrem's. Toward its cost, a series of lectures by Father Thomay and a Bazaar to be opened in April commemorating the silver anniversary of his ordination may help...
...close of 1934, RCA's balance sheet showed cash and securities of $23,679,000 Last October, Mr. Sarnoff sold half of Radio Corp.'s interest in Radio-Keith-Orpheum to Atlas Corp. and Lehman Bros, for some $5,000,000. These investment houses also took an option on the rest of RCA's holding in RKO for another $5,000,000, payable before the end of 1937. Last November Mr. Sarnoff sold RCA's interest in Electric & Musical Industries, Ltd. (British Radio) for $10,200,000 cash. So Radio Corp. approached the plan well-heeled...
Wayne Bannister 31, and Edward W. Lane 31, successfully represented the Scott Club last night in an argument involving points in option contracts and equity. The previous evening witnessed a victory by counsels Elwood B. Levy 31, and Edward B. Hanify 3L of the Wilson Club in a case concerning points in equity and corporation...