Hectic Trading In Sydney
(N.Z.P A.-Reuter)
SYDNEY, Feb. 6.
Hectic trading has outstripped the capacity of the Sydney Stock Exchange to process transactions. Many millions of dollars, must believed to be from London, flowed into Australian mining shares, and many record prices were set. Yesterday the trading floor closed early for the first time in its history to allow the computer and clerical staff to catch up. Today the trading floor will also close early, and the position will be reviewed for Thursday, according to a Press Association cable.
The early closing would avoid an administrative mess, said the chairman (Mr J. H. Cooper). Operators who usually take an hour’s break from 1 p.m. to 2 p.m., although the trading floor is officially open from 10 a.tn. to 3.30 p.m., yesterday speeded up activity to get orders executed before the early close. The chairman appealed to help cut down the number of transactions by dealing in bigger parcels.
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Bibliographic details
Press, Volume CVIII, Issue 31597, 7 February 1968, Page 16
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158Hectic Trading In Sydney Press, Volume CVIII, Issue 31597, 7 February 1968, Page 16
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