GREAT RAILROAD SOLD
UNIQUE TRANSACTION
140 MILLION DOLLARS PAID. Australian and fAZ. Cable Association. (Received November 23, 5.5 p.m.) NEW YORK. November 22.
What is believed to be the first instance of a railroad ever being offered at public auction ocourred 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 purchasers were the representatives of the Kuhn Loeb Company, New York, financiers, and the National City Company, of New York, reorganisation managers.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/NZTIM19261124.2.63
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Times, Volume LIII, Issue 12612, 24 November 1926, Page 7
Word count
Tapeke kupu
99GREAT RAILROAD SOLD New Zealand Times, Volume LIII, Issue 12612, 24 November 1926, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the New Zealand Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in