Wellington-Manawatu Railway.
The shares m the Wellington-Mana-watu Eailway Company have risen considerably m value. We are informed that their market value is 21s per share, whilst only 14s is paid up. It is said that during the past few months, the prospects of war created a nemi-panic m Wellington, and so worked upon the minds of some of the shareholders, that shares were obtainable m the Empire City at 12s each. Just at •this time, the Government were buying up all the Company's debentures that they could lay hands upon m London. The"consequence was that shares were quoted at 21s m London, and 12s m Wellington. Mr Thomas Russell, one of the largest shareholders on the .English register, quitted all his shares at London . quotations, and iin - mediately cabled to Wellington and bought up all he could lay hands upon at 12s. The debentures, which were originally placed on the London market at 05,. have now risen to 108. This is evidence of the excellent opinion that the public have of the company's standing. — Waipawa Mail.
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https://paperspast.natlib.govt.nz/newspapers/MS18850603.2.31
Bibliographic details
Manawatu Standard, Volume X, Issue 5, 3 June 1885, Page 3
Word Count
176Wellington-Manawatu Railway. Manawatu Standard, Volume X, Issue 5, 3 June 1885, Page 3
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