SHARE-GAMBLING
IN RUBBER AND GOLD.
[BY CABLE —PBESS ASSN. —COPYBIGHT.] LONDON, April 17. Among the shares lately attracting attention are rubber companies and South African and West African gold mines. In the case of the first-named, the activity has been due largely to persistent rumours of a restriction, of raw material. No official confirmation is obtainable, but it is stated on good authority that Holland and the Dutch East Indies are now prepared to cooperate in an international plan for the regulation of supplies. In West African mining shares, there has been what one financial newspaper describes as “an unhealthy boom,” and another as “a furious gamble.” Sensational stories appeared in some, newspapers of colossal fortunes, made by speculators in a few weeks, and there has been a wild rush by the public to pick up shares in mines which are, to say the least of it, unproved. The result will almost certainly be' heavy losses. There are instances of some shares of a nominal value of 2/- standing at a premium of about 2500 per cent.
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Greymouth Evening Star, 18 April 1934, Page 12
Word Count
177SHARE-GAMBLING Greymouth Evening Star, 18 April 1934, Page 12
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