HUGE FAILURE
WALL STREET SENSATION
COMPANY OF MEAT PACKERS.
BT CABLE-PRESS ASSOCIATION—COPYRIGHT
NEW YORK, Aug. 25. A Wall Street sensation was caused when the New Jersey court appointed a temporary receiver for the Wilson Company, meat packers. A minority stockholder brought equity proceedings against the concern, alleging that the company has an outstanding indebtedness of 77,000,000 dollars and on various occasions has been unable to pay interest on bonds, dividends and stock, due to the lack of ready cash. Mr. Thomas, president of the Wilson Company, has announced that he wul stubbornly oppose the receivership, declaring that the companv’s assets are 121,000,000 dollars. The company’s affairs are actually extremely involved and financial reorganisation has been several times attempted principally by the issuance of further capital stock.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19240827.2.19
Bibliographic details
Hawera Star, Volume XLVIII, 27 August 1924, Page 5
Word Count
126HUGE FAILURE Hawera Star, Volume XLVIII, 27 August 1924, Page 5
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