REPORTING SALES
Change Made In Auckland (N.Z. Press Association) AUCKLAND, June 8. An increase in the number of sales of shares reported to the Auckland stock exchange is likely after a decision made by a general meeting of members today. All sales between brokers —metropolitan or country—can now be reported if desired. Previously sales made at prices lying outside the buying and selling quotations set at the latest session of the exchange could not be reported.
The effect Is that sales made by Auckland brokers in other markets at prices outside the ruling Auckland limits are now reportable, although they do not have to be reported. Not all sales will be reported.
“Married” sales in which both buyer and seller are clients of the same broker will still not be reported. The chairman of the Auckland exchange (Mr M. P. Hay) said that the move should give a greater indication of the true nature of business being done.
It would also bring sales reported more into line with the continuous markets of the south, he said.
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Press, Volume CVI, Issue 31081, 9 June 1966, Page 21
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176REPORTING SALES Press, Volume CVI, Issue 31081, 9 June 1966, Page 21
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