Disappointment Over Failure to}
'The subway strike terminated to-' day. 'The men individually applied' for reinstatement. 'The Company agreed to take back the majority' at old wages with loss of seniority.
Declare a Dividend London, July 24.
An unfavourable impression been created in the Stock Exchange by the announcement that in Marconi's Wireless Telegraph Ca. 1 dividend is not possible on ordinary} shares in respect of the 1925 working although the results from trading, show a profit. The Board states that further revision of the values of certain of the company's interests in which it is associated with other companies will become necessary) owing to the continued depreciation, the value of the company's shares, Meanwhile the annual meeting of the shareholders has been postponed sine die, The Directors state that they intend to secure profits on future operations, which, henceforth, will not be diminished by losses incurred owing to possible future depreciation of investments.
The company's shares have fallen substantially in the past few days. They now stand at 17/6, the lowest price in ten years.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.