RAILWAY BY AUCTION
WORLD’S RECORD TRANSACTION
By Telegraph—Press Assn —Copyright. New Y’ork. Nov. 22.
What is believed to be the first instance of a railway ever being offered by public auction occurred when the Chicago, Mil wacke and St. Paul railway was sold in this manner at Butte. ■Montana, for 14'0.000.000 dollars. It also constituted one of the larges financial transactions in the history of the United States. The nurchasers were the :epresen tative of Zuhn. Loeb and Company, the financier’, and the National City Company, of New Y’ork, reorganisation managers.
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Taranaki Daily News, 24 November 1926, Page 14
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91RAILWAY BY AUCTION Taranaki Daily News, 24 November 1926, Page 14
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