MARCONI DEAL.
THOSE SUSPENSIONS. THE WILES OF HEI BOURN AND HOW HE MADE LUCRE. By Telegraph—Press Association—Copyright (Received November 13, 8.80 a.m.) LONDON, November 12. Newspapers approve of the Stock Exchange decision and point out that the suspension only, applies to individuals, the remaining, partaera of .the firms being unaffected. Heybourn and his associates were punished for a breach of trust "with brokers on April 19. The evidence showed that Heybourn purchased 250,000 shares from - Mr Godfrey Isaacs at 25s each and s6ld 128,650 at about 80s each to brokers. The orders increased-from 57,900 to 068,000 during the boom on April 18. At that time Heybourn, including ex- ' tra purchases, owned 221,350, and instead of filling forty per cent of the orders he only sold 82,680 at 655. He sold 63,000 elsewhere on April 19. The " Daily Express " estimates that Ifeybourn's profit on April 19' was £125,810, besides retaining 76,678 shares. ■ ,
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Bibliographic details
Star (Christchurch), Issue 10924, 13 November 1913, Page 4
Word Count
151MARCONI DEAL. Star (Christchurch), Issue 10924, 13 November 1913, Page 4
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