WAIHI SHARES.

Dominion, Volume 4, Issue 939, 5 October 1910, Page 8

WAIHI SHARES.

AND NERVOUSNESS. AT HOME, . ■" (Byi.Tc'leßroph.—Preis. Association.) Auckland, October 4. Interesting light is thrown on transactions in Waihi shares as between New Zealand and London by a letter written! yesterday' to the Auckland Stock Ex/ change by Mr. Rhodes, a local director :of the Waihi Company. In August the London "Daily Mail" stated that "the fall appears to have been occasioned by persistent selling orders from New, Zealand, and in the circumstances it is hot 'unnatural that .holders on this side have become nervous." It would now appear that "Daily Mail's" remark applied to the months, of June and July] when New Zealand sold to London 3090 shares and 1245 shares respectively, the'prices ruling in June and July being 'approximately from £7 16s. up to £8 7s. According' to the,"Daily Mail"' it; was British nervousness caused by these 'New Zealand June-July selling- orders that led to; the'fall in August, when the shares got down to £7 10s., with ■upward- fluctuations." New Zealand in■vestors,': who- had, already sold to Lbri'don'433s Waihi shares- at the higher / June-July prices,; were \ content -in August with exporting; 191 scrip.'. InSep-. tember the tables' were .. reversed, and .New Zealand bought back from London -3105, ; shares.;' In Septernber/price's -'fell, iheavily,'coming down on Friday last to /th'e'; : lowest' level.' of the slump, £6 ■ 6s. ■6d.;'.-, that is-.to/ say New-, Zealand -investors bought: back".from" London at j the. low September/prices .a'lafger parcel, than they sold to London at the (cbm:paratively) 'high Juno"quotations. The! •margin may be/taken :at 30s. to 40s. "Yesterday's/closing r sale/ reports a re-' covery of 10s. 6d; a share, equal,toa total 0f;£260,35L: ;,;-': ; / f /'/;//: ;/:•: '■ (By.Telegraph'.—Special-Correspondent.) / /,////./,; -Auckland, October' 4./'; //.Commenting on the .figures suppliedby "the Waihi Company/as to the' move-; ment of shares .between/the 'London and the New; .Zealand; registers; ..which showedthat 3090 shares were' transferred to London in June, and that 3105 shares were - transferred to/New/ Zealand■'• in. 'September, ;'Mr'. I ,' Francis, ■ Hull,, share-: /broker, 1 says that the/real.;-'.point//is what month..these shares we're,:sold ; in,/ what-was their price,. /and 'who' owned them;- .He/adds:—."The(3los'''shares'; that are given as transferred in Sep-tember,-were;; probablyt.bought in: London /at high figures; in June and- July. ■Now.."anyone ,of '/bfdihary intelligence, will-see ih;the..given'figures that those who/ hadf command/of: large, blocks', of .shares t, had,a■ tremendous'pull over the "simple/New Zealand shareholders." './-