AMERICAN AIR MAILS
CANCELLED CONTRACTS PREVIOUS SALES OF SHARES BANKERS* TRANSACTIONS (Received March 6, 5.5 p.m.) WASHINGTON, March 5 The president of the New York Stock Exchange, Mr. Kichard Whitney, gave evidence before the committee of the Senate which is investigating air mail contracts that J. P. Morgan and Company sold 4500 shares of United Aircraft just before the contracts were cancelled. All aviation shares after that fell sharply. Various other sales were made by other individuals and companies, but the Morgan concern was the most prominent among them.
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New Zealand Herald, Volume LXXI, Issue 21743, 7 March 1934, Page 9
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89AMERICAN AIR MAILS New Zealand Herald, Volume LXXI, Issue 21743, 7 March 1934, Page 9
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