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CANADIAN RAILWAY.

ARBITRATION COURT’S DECISION. INDIGNATION IN LONDON. By Telegraph.—Press Assn.—i;op*rlffht. Received September 9, 2.45 p.m. London, Sept. 9. There was a sensation on the London Stock Exchange as the result of the Ottawa Arbitration Board’s decision that the Grand Trunk Railway stock was without value. The stocks in London collapsed. "Whereas preference and ordinary stock was valued at £4,700,000 on Wednesday, it fell to £2,395,000 on Thursday. The first preference is now £25, second £l4 10s, and third £B, whilst ordinary is £2 10s. The nominal value of the stock is £37,073,000. The city is indignant al the manner in which the board proposes to treat .shareholders, and appeals to the Canadian Government to treat stock-holders with fair-ness.—Aus.-N.Z. Cable Assn.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19210910.2.36

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 10 September 1921, Page 5

Word count
Tapeke kupu
121

CANADIAN RAILWAY. Taranaki Daily News, 10 September 1921, Page 5

CANADIAN RAILWAY. Taranaki Daily News, 10 September 1921, Page 5

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