"CUTTING A MELON"
■ NEW .YORK, April 15.| '.the American Telegraph and Telephone Co. is planning the cutting oi.a stock "melon" which will be the largest in the history of America., according to well-informed statements in Wall Street. More.than £60,000,000 wjU be available, compared .with the famous. United States' Steel Trust's "melon" in 1927, which amounted to £45,000,000. "Cutting ,% nielon" means the. dividing up of reserves among the shareholders, usually in the form of bonus shares.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17241, 24 April 1930, Page 5
Word Count
75"CUTTING A MELON" Poverty Bay Herald, Volume LV, Issue 17241, 24 April 1930, Page 5
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