LATE NEWS
CABLES AND WIRELESS
HEAVY FALL IN STOCKS
SEQUEL TO STATEMENT
United Press Association—By , Electric Tel*. graph—Copyright. (Received May SO, 2 p.m.) LONDON, May "25. Cables and Wireless stock fell heavily today, the total decline on three classes of stock amounting to nearly £2,500,000. This followed a statement of the chairI man (Mr. J. C. Denison-Pender) at a shareholders' meeting that unless thcra was a very substantial improvement in world trade, the telegraph and traffic directors could not commit themselves to make any statement regarding further dividends until the accounts for 1933 were completed, and it would be impossible to pay a dividend in, September, but the directors were confident in the future and had laid foundations which would givel full, benefit when world improvement came.
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https://paperspast.natlib.govt.nz/newspapers/EP19330526.2.91
Bibliographic details
Evening Post, Issue 122, 26 May 1933, Page 8
Word Count
127LATE NEWS CABLES AND WIRELESS Evening Post, Issue 122, 26 May 1933, Page 8
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