NEW YORK STOCK EXCHANGE

Hokitika Guardian, 31 October 1930, Page 5

NEW YORK STOCK EXCHANGE

PRICES OF AUSTRALIAN STOCK

[United Press Association.—By Electric ' Telegraph.—Copyright. I

(Received this day at 9.30 a.m.) NEW YORK, Oct. 30

New South Wales election news which have been a. factor in the general depressive influence on Australian aboalts, are ‘radioed how nearly daily, and there hayfei been pessimistic despatches printed in this country concerning the disputes in tho. Labour Party over Sir 0. Niemeyw’s plan. New iSouth Wales stocks have .receded a,b>oi|t a point during the past three days but ..interestingly, enough Tuesday’s prices showed fractional gains over Mon day’s prices. All Australian issues have lost approximately a point during this period, with the exception of Queensland sevens which have lost six points, selling yesterday at ntnety-two. Informed bond mfen declare that there is no logical explanation why Queensland was singled out for “hammering,” save perhaps that high price issues -tisually suffer the greatest losses in a general recession. The foreign bond market here has been consistently weak and therefore ready to reflect bear news, Commonwealth issues have been made to suffer no more than many other European and American countries under the economic depression. Bond lists day by day reflect , the world picture.