RAILWAY TO BE SOLD.
AMERICAN UNDERTAKING.
11,000 MILES OF TRACK.
LIMIT OF £25,000,000 FIXED.
By Telegraph—Press Association —Copyright. (Recoived 10.30 p.m.) San. NEW YORK, Sept. 29. The Chicago-Milwaukee and St. Paul Railway, with its 11,000 miles of track, is to bo submitted to auction next week. Since the war this railway has been operated at a loss, and tho auction salo is part of the proceedings in connection with the bankruptcy of the concern. Judge Wilkerson, undox whom the bankruptcy proceedings were conducted, has ruled that tho auctioneer must not accept less than £25,000,000 for the property.
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Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19447, 1 October 1926, Page 13
Word Count
97RAILWAY TO BE SOLD. New Zealand Herald, Volume LXIII, Issue 19447, 1 October 1926, Page 13
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