CANADIAN RAILWAY
STOCK WITHOUT VALUE,
BY CABLE—PRESS ABSOCJATIOIV--COPYBIGHT LONDON, Sept. 9.
There was a sensation on the London Stock Exchange bb the result of the Ottawa Arbitration Hoard's decision that the Grand Trunk Railway stock \v«B without value. Tho stocks in London collapsed. Whereas preference •arid ordinary Jstock was valued at £4,700,000 on Wednesday, it fell to £2,395,000 on Thursday. The fiAt preference is now £25, second £14 l()s, and third £8, whilst ordinary is £2 10s. The nominal value of tho stock is £37,073,000. The City is indignant at the manner in which tho board proposes to treat shareholders, and appeals to the Canadian Government to treat stock-holders with fairness.
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https://paperspast.natlib.govt.nz/newspapers/HNS19210910.2.49
Bibliographic details
Hawera & Normanby Star, Volume XLI, Issue XLI, 10 September 1921, Page 7
Word Count
111CANADIAN RAILWAY Hawera & Normanby Star, Volume XLI, Issue XLI, 10 September 1921, Page 7
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