Word: optionally
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Last week, despite its excellent war record, the New City mouse house had no takers (although present operators hold an option to buy). There were reasons: 1) the building has certain mouse-imposed quirks of design; 2) mouse odor is much harder to overcome than a mouse shortage...
...abandoning the war baby it had built for the Government in 1941. Prime reason was a provision in the Surplus Property Act which provides that Government metals plants costing more than $5,000,000 may not be lease;! for more than five years, nor leased with an option to buy. A five-year lease was not good enough for U.S. Steel for two reasons: 1) Geneva is still an unsettled financial property-to make Geneva a postwar moneymaker will take about $70 million's worth of new-facilities; 2) U.S. Steel is wary of professional Westerners and Congressional anti...
...loans, Mr. Baird said bravely, were "private and personal investments entered into for profit because [they] carried for the lenders an option to purchase stock in the network. . . . The gains could have been substantial." Baird and Bilofsky were luckier than Groceryman Hartford, who lent Elliott $200,000, got back...
...deal was a five-year lease on 77% of the new plant (rental $649,806 a year), with an option on the other 23% if peacetime production should warrant it. It grooved nicely into Budd postwar plans. Budd's munition-making (8-inch shells, aerial fragmentation bombs) would go on until war contracts were filled...
...vote. Even if the plan passes, Federated's bigwigs may find the task of slipping through the capital-gains loophole comparable to passing through the needle's eye. Once, the loophole yawned wide. But five months ago, the U.S. Supreme Court ruled that profits on stock options, where the stock was bought at less than market prices, are subject to income, not capital gains, taxes in the year the option is exercised and the stock is bought. Since then, the U.S. Treasury has suspiciously microscoped option plans that might be tax-dodging schemes. In the light...