AUCKLAND STOCK EXCHANGE

Evening Post, Volume LXXXII, Issue 150, 22 December 1911, Page 3

AUCKLAND STOCK EXCHANGE

ANNUAL MEETING. [by telegraph— special to the post.] AUCKLAND, This Day. At the annual meeting of the Auckland Stock Exchange this week, the chairman (Mr. F. Hull), said:— "We had a comparatively new element introduced into our market, which no doubt enriched the pockets of the few, but impoverished the majority. I allude to overselling. We are all aware that 'bearing* and 'bulling' exists in all the great Stock Exchanges of the world, but this small market cannot stand it. Investors get wary of seeing their shares peppered day alter day, and eventually give up the game, which means that our market dies. Were this a large market where 'bulls' as well as 'bears' took a hand, the game would be quite fair. That effort should be made to check this custom is evident, but I would like to see the remedy effected by ourselves without any outside help, and I believe it can be done. Another matter I must allude to is the matter of the Talisman local office refusing to give the exchange information segarding new development, result of crushings, etc., for posting in the Exchange, which was one of our conditions at that time for all mines quoted on our sheet. The committee agreed that it could not make any difference in the treatment of the Talisman from any other. The company persisted, and the Grand Junction in the same office, adopted similar tactics., It became necessary to alter our conditions with all companies ; consequently the Talisman was reinstated. I think you will see, gentlemen, that no other course was possible."