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.
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Taranaki Daily News, 10 September 1921, Page 5
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121CANADIAN RAILWAY. Taranaki Daily News, 10 September 1921, Page 5
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