CONDUCT OF "BEARS"
SYDNEY STOCK EXCHANGE
SQUEEZING NERVOUS PUBLIC
SYDNEY, 4th March,
Tho "Sun" newspaper deals trenchantly with the conduct of "bears" on the Sydney Stock Exchange. It says their tactics are fraught with the gravest danger to the community. It estimates that a round million sterling has been squeezed out of nervous shareholders within a few months. A number of directorates in | consequence have been compelled to circularise shareholders, stressing the fact that "the present low prices of their shares do not represent their true | investment value.'' The "Sun" complains that the "bears" recently made pawns of brew-J cry companies' shares, manufacturing enterprises, newspaper organisations, rubber companies, talkie ventures, and other sound industrial securities. The suggestion is made"that the Stock Exchange should acquire authority to deal with this abuse. Tho newspaper concludes: "Zoology knows no , bear more sleuthlike and voracious than the two-footed type which has its haunts at the Stock Exchange." ■
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https://paperspast.natlib.govt.nz/newspapers/EP19300305.2.75
Bibliographic details
Evening Post, Volume CIX, Issue 54, 5 March 1930, Page 9
Word Count
153CONDUCT OF "BEARS" Evening Post, Volume CIX, Issue 54, 5 March 1930, Page 9
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