THIRTY MILLION DROP
AMERICAN DRUG FIRM FAILURE. ALLEGED IRREGULARITIES. By Telegraph—Press Association—Copyright. NEW YORK. December 8. The bankruptcy of McKesson and Robbins, one of the largest drug and chemical firms of America, is expected to have an adverse effect on the business world. The market value of the stocks of the firm, whose assets were alleged to be 87.000,000 dollars, has dropped 30.000.000 dollars in the course of a few days on the Stock Exchange. A stock-holder’s suit alleging the fraudulent listing of assets amounting to 10.000.000 dollars precipitated an investigation disclosing many irregularities, including a warehouse allegedly maintained by the company in Canada, the only mailing address being New York.
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Wairarapa Times-Age, 10 December 1938, Page 7
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111THIRTY MILLION DROP Wairarapa Times-Age, 10 December 1938, Page 7
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