RE STOCK EXCHANGE METHODS.
(To tho Editor.) Sir, —I would like to ask the question how shares are made to jump up and down seemingly at the will of brokers. For example, take Old Haurakis. At noon call yesterday, they were quoted: buyers 0/5, sellers 6/6; at 1.30 p.m., a wire is received from the manager, stating that 501b of specimen stone had been obtained, and gold still showing. Now, in the face of this news, at the 3.15 call, down drop the shares to 6/3. What is the reason? I can only account for it by assuming that some of the brokers go in for dealing on their own account. I would ask, are they allowed to do so? The public want protection in some way, and not left entirely at the brokers' mercy. The brokers' books should be open to inspection, and only those that do bona fide business be allowed to attend the calls.—l am, etc., A. T.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19100214.2.68.10
Bibliographic details
Auckland Star, Volume XLI, Issue 38, 14 February 1910, Page 6
Word Count
161RE STOCK EXCHANGE METHODS. Auckland Star, Volume XLI, Issue 38, 14 February 1910, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.