Word: premium
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Dates: during 1950-1959
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Example: Penn-Texas posted 90,000 F-M shares as collateral for loans of $2,395,000 at 6% from Manhattan Speculator Jacques Sarlie, who cleared $1,000,000 last March by selling F-M shares to Silberstein at premium prices during the proxy war (TIME, March 25). Since the Sarlie loans on 40,000 of the shares guaranteed a $53 market value per share, the F-M market price of $40 last week meant that Penn-Texas had been forced to tie up at least $520,000 in ready cash to oblige just one creditor. Sarlie loans on another...
...Cambridge landlord occupies an enviable position. Because apartments convenient to the University are at a premium, he is in a position to name his price, and to pick and choose tenants from a swarm of applicants. Last year, for example, the Harvard Housing Trust received 2944 inquiries, whereas 874 apartments were offered...
...strategy which keeps halfbacks up close to the forward line does, however, place an additional burden on the two fullbacks. A fast breaking team may get the jump on halfbacks playing deeper than usual to bring a four or five man rush down on the fullbacks and goalie. A premium is thus placed on accurate passing and swift control of loose balls by forwards and halfbacks...
...Egyptians with more than one-third of last year's crop unsold. The desperate Egyptians had to unload the rest at cut-rate prices. When the Egyptians found themselves strapped for hard currencies, their Russian friends let them have some Western currencies last summer-at a 20% premium. Now, with a new cotton crop heading for market, Cairo is at the mercy of its new customers. At one time recently, only two Cabinet officers were left in Cairo; the rest were out scurrying from The Hague to Peking in hopes of peddling cotton for whatever barter terms the Communists...
Concentrating on the pool, Pritchard made such exciting finds of pottery that this year he began to pay premium rates to 100 native diggers, set them to work two shifts a day hauling out debris in baskets made of old auto tires. In short order they had dug past the well's first stage-a broad shaft cut out of limestone 33 ft. deep, faced with a spiral staircase. Then the diggers excavated a narrower tunnel with steps cut in its side to reach a broad water-drawing room 82 ft. below the surface...