FALL IN SHARE PRICES.
The recession in the .Market-prices of ordinary shares is reflected in a fall of 42 points in the official index number for December, covering ordinary share prices of. 49 companies, reports the . Government Statistician. The December index (683) represents a fall of 317T per. -cent.,- ~^s compared with the base year (1926). After a. steady recovery between the - months of April and September share prices fell away in later months of the year; the December index, however, being still slightly above the record low level recorded in April. ~ , ......
The annual average index numbera of share prices for each group, and all groups continued during the past five years, are shown in the following table. These indexes represent the average of market prices on the last trading day in each month.
SHARE PRICE INDEX NUMBERS. (Base: Year 1926 for each group equals 1000.) Group ' ' 1928 1929 1930 -1931 1932 Banks 1024 1029 883 718 677 Insurance ., 1074 1143 1023 921 919 Loan-agency .. 956 1032 763 517 470 Frozen 'meat ; 1045 :1O41 • 835 ; 646 701 Woollens - ...-. -1043 1180 - 97-7 ...792 778 Breweries ... 879 1326 1201 773 602 Gas: " .. :'. r. ':;?■ 3.012"•" 1007 .' 1060 1008 978 Timber 675 603 480 323 348 Minerals ■.... 997 1058" "991 839-. 700 Miscellaneous ; . ; 1043 1052 . 855 678- '713 i All groups a ■ 1002 1061 ' 815 739 703
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Bibliographic details
Evening Post, Volume CXV, Issue 31, 7 February 1933, Page 10
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223FALL IN SHARE PRICES. Evening Post, Volume CXV, Issue 31, 7 February 1933, Page 10
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