Word: swap
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...useful," is the phrase ''geographically and economically integrated." One idea of the Act is to encourage rearrangement of power properties in the best interests of the local population. Toward this end two big New England holding companies asked the Securities & Exchange Commission last week to approve a swap of various Massachusetts gas and electric properties. Of no national moment in itself, the deal was the first attempted under the Utility Act, may mark the start of a general reshuffling among the less "demonstrably useful" companies...
...Inventor Kettering know that Promoter Groves had managed to swap his 327,000 shares of Yosemite for 1,150,000 shares of Equity Corp. stock, asked SEC's counsel? The answer...
Flatly denying that any swap had ever been intended, and freely admitting that any Air Ministry official may have in the back of his mind that he might "at some indefinite future date, years ahead" find himself working for Imperial Airways, Sir Christopher cried...
...good bargains, those Utilities Power & Light debentures looked cheap. So he began to buy them for his Atlas Corp. Since he did not fancy the Government as owner of a company; of which he was a creditor, he went to Chairman Jones with a proposition: Atlas would, in effect, swap some of its Utilities Power & Light debentures for the Pusco stock held by RFC. A deal was struck, giving Atlas control of Utilities Power & Light, Mr. Jones marketable securities...
Only one joker may interrupt this swap: If "any exceptionally large change" is made in the relative value of U. S. and French currency, either nation may call off the entire agreement within 30 days...