Word: optionals
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...Wright Aeronautical Corp., which will build a new aircraft engine plant near Cincinnati, upping U. S. engine capacity by 12,000 per year. In return Wright Aeronautical Corp. guaranteed to deliver to the Army 20,115 aircraft engines in 1941-42, and gave the Army an option on 20,115 more. Wright Aeronautical Corp. presumably expects to repay a good part of the loan from profits on the orders. Mr. Knudsen's task this week is to convince other manufacturers that they can safely take the same risks...
...option would then barter, sell, give away, dump or destroy those goods. If the U. S. sold Brazilian coffee in Europe, it would reduce the $300,000,000 credit by the amount sold. Theoretically such transactions should be done at a profit-and profits were mentioned at the White House-but no profits can be foreseen. Actually, the program would probably show a dead loss of $300,000,000 to $500,000,000 annually. This cost, Mr. Roosevelt was advised, would be better defense than $500,000,000 in tanks...
Owner P. K. Wrigley of the Cubs -still hopeful of getting some return on his quarter-of-a-million-dollar investment -sent Dean back to the Texas League un der option (subject to 24-hour recall) and sent a personal tutor along to give him pointers on sidearm pitching. But few fans expect ever again to see Wrigley's white elephant in a Cub uniform...
...meant a share for share exchange for Curtiss-Wright's new 5% preferred with a bonus of ¼ share of Curtiss-Wright common (which at the market -around $10.50 a share-takes care in advance of over five years' cut in dividend) plus a 60-day option to turn in each share of their preferred for four shares of common...
...their asset value for 65/100 share of Curtiss-Wright Common having a market value of over $6.75 ($10.50 a full share), and the remaining $7.80 per share of their asset value for one share of Odlum's special situations company. To Atlas' 1,951,073 perpetual option warrants (good to buy Atlas common if it ever rises from its present $9.50 to $25 a share), it offers a five-year warrant to buy a share of Curtiss-Wright common on a rising scale from $12.50 in the first year, to $14.50 in the fifth-a speculation...