STINNES TRUST

Grey River Argus, 10 August 1925, Page 5

STINNES TRUST

RESTORATION PI AN!. DIFFICULT PROBLEM. (Received August 9 at 5.5 p.m.) [Reuter Cnblegraiu.] BERLIN, August 7. The reeonstruetipu of the Stiuues concern, tho final aim of which is to revert to the original business of the late Hugo Stinnes, namely «.al t.’iidhig nt Muelheim and the working of th'l ’Hinnies’ mines in West Germany, is progressing only slowly, owing to an nil round fall of the stock oxehiuige quotations fcr mining and iudv-strlal shares and to the diffi ulty of selling Stium'S 1 shares oi bloc to t’to bolder, sc os t> avoid it weakening of the market I;' throwing them on the stock exe.hal'gc. The Stinnes’ oblige lions are now alate I to be 180 million murks, of which forly million murks have already been lie i'by the sales of some of the Stinres' property. It is calculated that t.'ici e will still be n. surplus of assets o'er liabilities if the entire Stinnes’ property is regarded as an asset. N’-.i'folia-tions are proceeding for the Stinnes’ Riebeek mining and oil work The prospects of disposing of the fill. nos’ fleet ef a quarter of a million tor’, are apparently small. P’nns for the formatiosi of a new company tc take ovo l the fleet nt ti priee of twen/e-llv.- mH lion marls are now being d.sGjH'Cd.