SHARE MARKETS
cannot deliver, scrip.
(Australian Press Association)
SYDNEY, March 11. Seldom has the investment sha.re market been so heavily oversold as at present. Demands are now being made for the delivery of the scrip, and the position threatens to become worse from the bears’ viewpoint in the course of the next few - weeks. The “Sun” newspaper says: Provided .that investors keep their heads and refuse to be stampeded into selling stocks below intrinsic value, bears will be obliged to offer higher prices in order to obtain shares to meet their obligations. The Chairman of the Sydney Stock Exchange has received a letter from Mr G. C. Creagh, the Chairman of the Auckland Exchange, dated March 6th. complaining of the late delivery of scrip, and adding: “There lias been a delay that cannot be accounted for by ordinary reasons, and difficulties conen'iueii+lv have arisen. Therefore, in view of the existing conditions and the uneasiness of the market, brokers would greatly appreciate the making of prompt deliveries.” The “Sun” adds: “The foregoing letter speaks for itself. Happily there is now much less speculative short selling.” - -
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Hokitika Guardian, 12 March 1930, Page 3
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184SHARE MARKETS Hokitika Guardian, 12 March 1930, Page 3
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