Word: optionals
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Paul Robeson, Negro actor (Emperor Jones, Black Boy, Showboat [in London]), last week signed with Maurice Browne, producer (Journey's End), to play the Moor in Othello. After performances in London next spring, Producer Browne plans to give Othello in the U. S. and Canada, has secured an option on Negro Robeson's appearance in the same role in cinema...
...cement, for hardware & plumbing. Last fortnight the Federal Power Commission, through its Solicitor Charles A. Russell, ordered power companies seeking U. S. licenses to construct plants along navigable U. S. streams, to exercise the same care and precision in estimating their construction costs. Reason: the U. S. has an option to buy back such licensed plants after 50 years and it refuses to pay an excessive price for them. The Russell ruling is designed to squeeze "water," estimated at some $500,000,000 out of the capitalization of water power companies now seeking U. S. licenses. Ruled Solicitor Russell...
...Bula Benton Edmondson Croker,* second wife and widow of Tammany Chief Richard Croker, lost the famed Croker-McDonald suit involving the sale of 10,000 feet of Palm Beach ocean frontage. Mrs. Croker had sought to break a nine-year-old option that gave J. B. McDonald, Palm Beach realtor, the privilege of buying for $150 per foot the land now valued at over $700. To Mrs. Croker the difference will be $5,000,000, besides large attorney fees...
...Crisco shortening, Procter & Gamble Co. is great Cincinnati industry, William Cooper Procter is great Cincinnati tycoon. Last week, however, Procter and Gamble showed a trace of Manhattan influence. To J. P. Morgan & Co. for $10,000,000 went 150,000 shares of P. & G. stock and an option on 100,000 more at $80. Assuming use of the option, the house of Morgan will have about 2% of the 12,250,000 P. & G. shares outstanding since the five-for-one split-up last month...
...shares sold (when as and if) on the curb last week at $92, a marked advance over the $66.66 which J. P. Morgan & Co. paid for its shares. If the option is taken, at $92, J. P. Morgan & Co.'s profits...