COMPULSORY SALE

Evening Post, Volume CXXX, Issue 26, 30 July 1940, Page 10

COMPULSORY SALE

AMERICAN SECURITIES

Because of the recent severe recession of market prices in America, reports the Melbourne Stock Exchange, the Federal Treasurer has approved a general extension until October 30, 1940, of the time in which stocks listed £ in the Securities (United States and * Canada) Order may be sold. The j position now is that owners have the a full six months until October 30, 1940, I in which to dispose of their holdings, t and are not required to sell half the c value of the securities by the end- of I July. , ~ l The Treasurer desires to make it clear that this action must not be taken r as an indication that any further ex- : tension of the six months' period will I be granted, as the Government's need 1 of dollar exchange is such that the ~ shares must be disposed of within a j reasonable period. The securities specified in the above-mentioned order are the following:— . American Smelting and Refining Company—Common shares (no par ViAmerican Telephone and Telegraph Company—Common (100 dollar) ■< sli&rcs. American Tobacco Company—Com- ■; mon (25 dollar) shares. i Anaconda Copper Mining Company ] —Common (50 dollar) shares. ] Bethlehem Steel Corporation (Dela- ; ware) —Common shares (no par value), s Chrysler Corporation—Common (5 ; dollar) shares. l Consolidated Edison Company of i New York, Inc.—Common shares (no ] par value). i Douglas Aircraft Company, Incorpo- i rated —Common shares (no par value), i General Electric Company (of New York) —Common shares (no par value). General Motors Corporation—Common (10 dollar) shares. Goodyear Tyre and Rubber Company —Common shares (no par value). International Nickel Company of Canada, Ltd. —Common shares (no par value). Montgomery Ward and Co., Incorporated—Common shares (no par value). Parke Davis and Company—Common shares (no par value). Republic Steel Corporation—Common shares, (no par value). Swift and Company—Common (25 dollar snares). Swift International, Ltd. —Common (15 dollar Argentine Gold) shares. The Youngstown Sheet and Tube Company—Common shares (ho par value). Union Carbide and Carbon Corporation —Common shares (no par value). United States Steel Corporation— Common shares (no par value).