RAILROAD SOLD BY AUCTION
LARGE FINANCIAL TRANSACTION
(Rec. November 23, 5.5 p.m.) New York, November 22
What is believed to be tlie first instance of a railroad ever being offered at public auction occurred when the Chicago, Milwaukee, and St. Paul Railroad was sold in this manner at Butte (Montana) for 140,000,000 dollars. It also constituted one of the largest financial transactions in the history of the United States. The 1 purchasers were the representatives of the Kuhn Loeb Company, New York, financiers, and the National City Company, of New York, reorganisation managers.
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Dominion, Volume 20, Issue 51, 24 November 1926, Page 11
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93RAILROAD SOLD BY AUCTION Dominion, Volume 20, Issue 51, 24 November 1926, Page 11
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