Shanghai Mutual. Greedy Chinese stockholders of Shanghai Mutual Telephone Co. last week began preparing speeches to be delivered at a stockholders' meeting in the near future. For with the stock selling at 80 taels ($36.40) on the Shanghai market, the telephone company's advisory committee had recommended acceptance of International Telephone & Telegraph's bid of 75 taels ($34.13), even though the Ericsson interests of Sweden, the Cable Telephone General Trust of England had both been higher bidders. Reasons advanced for accepting I. T. & T's low offer were that the company has a...
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