The Archive · 1925

THE STINNES CONCERN LIQUIDATION

'A Question of Time: Plenty of Assets Available Berlin, Aug. 7.

The reconstruction of the Stinnen concern, the final aim of which is to revert to the original business of the late Hugo Stinnes, namely, coal-trading at Muelheim and working of the Stinnes mines in West Germany, is only slowly progressing owing to the all-round fall of Stock Exchange quotations of mining and industrial shares and the difficulty of selling the Stinnes shares bloc to one holder to avoid weakening the market by throwing them fon the Stock Exchange.

The Stinnes obligations now are stated to total 180,000,000 marks, of which 40,000,000 has already been paid for by sales of some of the Stinnes property. It is calculated that there would still be a surplus of assets over liabilities if the entire Stinnes property is regarded ay an asset, Negotiations are proceeding for the sale of the Hugo Stinnes Riebeck ing and all works. The pro: spects of disposing of the Stinnes fleet of 250,000 tons are apparently very small, Plans are now being discussed for the formation of a new company' to take over the fleet ata price of %5,000,000. marks.

Text read from the printed page and cleaned; old type leaves the occasional error.

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