HUGE DEFICIENCY
MEAT PACKING COMPANY.
STOCKHOLDER'S INDICTMENT.
WALL STREET AMAZED,
{Received 0.20 a.m.)
-NEW YORK, August 25.
A' Wa'll'-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 stocks, due to lack -of ready cash. Mr. Thomas Wilson, the company's president, announced that lie will stubbornly oppose the receivership, declaring that the company's assets total 121,000,000 dollars—A. and N.Z.
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https://paperspast.natlib.govt.nz/newspapers/NA19240827.2.48
Bibliographic details
Northern Advocate, 27 August 1924, Page 5
Word Count
102HUGE DEFICIENCY Northern Advocate, 27 August 1924, Page 5
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