January 1900, No. 23 | The Railway and Shipping World (Toronto) | Page 18, col. 3 |
Canada Atlantic Sale Rumored.—Early in Jan. a New York correspondent of a Montréal paper wired as follows:—
Some of the representatives of the Canada Atlantic Ry. were in New York a few days ago. They entered into negotiations with powerful capitalists for the sale of Mr. Booth's system. The price asked was $14,000,000 for the line & also for terminal facilities in Montréal. These latter, I am assured, were valued at $4,000,000, & the system itself, that is to say, the railway, at $10,000,000.J. R. Booth says there is no truth in the story.
Railways: C.A.Ry.