Word: optionals
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...from lenders at times and in areas where loan money is scarce, resells the mortgages when and where loan money is plentiful. But since mortgages are a good long-term source of income, lenders have often been reluctant to sell. Under the new plan a seller can get an option to buy his mortgage back within nine months...
...addition, Ford executives and key employees have been given options to buy big blocks of the company's stock at $21 a share v. the expected market price of around $70. As of Dec. 1, they had bought 647,100 shares of the new common to be issued next month, and options were still outstanding for 1,513,500 shares more. Thus the Ford executives, e.g., Breech, who has bought 27,000 shares this year and has 63,000 more under option, will all make millions-and pay only a capital gains tax on them...
...later meeting of outside stockholders representing shares worth $250,000. Ratliff produced a letter from Halsey, Stuart's President H. L. Stuart saying that 1) "the original request for a voting trust came from Mr. Ferger as a condition of him continuing as publisher," and 2) the stock-option deal was put through "without our knowledge . . . I certainly do question the moral action in devaluing the options which we had through our debentures...
...Boeing a boost with a $30 million order for five 707s packing Pratt & Whitney J75 engines (v. smaller J57s on earlier 707s), will use them on both overseas and domestic runs. Sales score to date: 69 of Douglas' DC-8s, 60 of Boeing's 707s, including an option for five from Belgium's Sabena Airlines...
...game. It hardly seemed to matter that the extra-point kick was wide. Whenever Welsh dropped back to pass, the Navy line gave him plenty of time. And he was almost always on target. When the Army secondary dropped back to cover. Welsh rolled wide into the option play, sent little Peanuts Gober scampering downfield or handed off to Fullback Dick Guest, who ground out yardage up the middle...