Word: premiums
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Dates: during 1940-1949
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...associates got a 10% commission on the bonds and 2,000,000 shares of Steep Rock stock from the company at 1? per share (it was then selling for close to $1). He then trussed up Steep Rock to a ten-year contract to sell all its ore to Premium Iron Ores, Ltd. Premium in turn purchased 800,000 shares of Steep Rock at $2.50 a share to provide working capital...
...first to discover the marvelous possibilities for profit in the Treasury's long-standing policy of pricing new issues so favorably that they would soon bring a premium in the market. Since all banks were eager to get more than their allotments of bank-eligible securities, an individual like Hosford could borrow the money to buy as much as $1 million worth on no more collateral than $10,000, sell the bonds at a handsome profit as soon as they rose. For example, if a $100 par bond rose to $100⅜, the $10,000 could bring a profit...
With entertainment at a premium in summery Boston, it is good to be able to fasten on something worthwhile. And "Jungle Virgin" and "Teen Age" can be enjoyed, one way or another. There are also some shorts, but better not talk about that...
...Billion Premium...
...much will it cost to help Europe get to a point where it will not drift to chaos, and from there to Communism? As of today, U.S. State Department experts figure about $15 billion, spread over seven years. That's a lot of money for an insurance premium, especially since nobody can guarantee that the insurance will...