AUSTRALIAN NEWS
STOCK EXCHANGE
(Australian Press Association)
SYDNEY, Merch 4
The “Sun” newspaper deals trenchancy with the conduct of the Bears” on the Sydney Stock Exchange. It says: “ I heir tactics aie u-a,uglit, with the gravest danger to tno community.” It estimates that round about one million sterling lias been squeezed out of nervous shareholders within the past few months. A number of the directorates, in consequence, Imve been compelled to circularise tlioir shareholders, stressing tho fact that the “Present low prices of tlioir shares do not represent their true investment value.”
The “Suit,” complains that the “Bears” recently have made pawns of (he brewery companies’ shares, and those' of manufacturing enterprises, newspaper organisations, rubber companies, talkie ventures, and other sound industrial securities. 'l’lic suggestion is made that the Stock Exchange should acquire authoiity to deal with this abuse.
. i.e newspaper concluded : Zoology knows no Bear more sleuthlike and voracious than Hie two-footed type, which lias its haunts at the Stock Exchanges.”
OFFER RED PASSAGES
P. AND O. COY’S LATEST MOVE.
SYDNEY, March 5
The agents for tiie P. and O'. Shipping Coy announce the introduction of a system of deferred passages, whereby a person who desires to make a sea trip at some future date may place a deposit with the Company, book by a specified steamer and then complete the passage money by instalments, the Company paying interest on the money so deposited. This innovation lias caused a stir in shipping circles here.
MAWSON lIFTIIR NTNG
SYDNEY, March 5
Sir Douglas Mawson’s ship Discovery ” arrives at Albany, Western Australia, about A larch 24. The vessel ran short of coal, and was forced to go to Kerguelen Island to refuel. It is believed Sir D. Mawson has decided that there is not time to get back to the Antarctic and get out again bn fore the ice closes.
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Hokitika Guardian, 6 March 1930, Page 6
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309AUSTRALIAN NEWS Hokitika Guardian, 6 March 1930, Page 6
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