Aust, shares “black”
(N.Z. P.A. -Reuter— Copyright)
LONDON, Feb. 18.
Some British brokers are “blacking” Australian stocks, according to the “Evening News."
The paper, said: “Never again, it seems, will private investors get their fingers burnt on the scale they did in the great Australian mining debacle where fortunes were, lost in a matter of days.
“More and more brokers are taking rigorous steps to discourage the few clients who still want to gamble down under.
“They will no longer deal in Australian-registered (as opposed to London-regis-tered) stocks. “Several firms charge double commission for Australian deals, and demand cash on the nail from buyers while keeping sellers waiting for their money until the slow-moving stock eventually comes through.”
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https://paperspast.natlib.govt.nz/newspapers/CHP19710220.2.185
Bibliographic details
Press, Volume CXI, Issue 32536, 20 February 1971, Page 21
Word Count
118Aust, shares “black” Press, Volume CXI, Issue 32536, 20 February 1971, Page 21
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Acknowledgements
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