THE STINNES TRUST

Evening Post, Volume CX, Issue 34, 8 August 1925, Page 7

THE STINNES TRUST

SLOW RECONSTRUCTION

SHARES DIFFICULT TO SELL.

(UNHID HIISS ASSOCIATION—COMKIOHT,)

(REUTERS lEUORAU.)

(Received Bth August, 11 a.m.)

LONDON, 7th August.

The reconstruction of the Stinnes concerns tha final aim of -which is to revert to the original business of the late Hugo Stinnes—coal-trading in Mulheim and the working of the Stinnes mines in the west of Germany, is only slowly progressing, owing to the all-round fall in stock exchange quotations of mining and industrial shares, and the difficulty of selling the Stinnes shares en bloc to one holder to avoid weakening the market by throwing them on the stock exchange. The Stinnes obligations are now stated to total 180 millions of marks, of which 40 millions have already been paid off by the sales of some of the Stinnes property. It is calculated that there will still be a surplus of assets over the liabilities, if the entire Stinnes property is regarded as an asset. Negotiations are proceeding for the sale of the Stinnes Heibeck mining'and oil works. The prospects of disposing of the Stinnes fleet of 250,000 tons are apparently small. Plans are now being discussed for the formation of a, new company to take over the fleet for 25 million marks.