STOCK EXCHANGE “BEARS”
ACTIVITIES IN SYDNEY DENOUNCED United P. A.—By Telegraph—Copyright SYDNEY, Tuesday. The Sydney "Sun” says the tactics of the "bears” on the Sydney Stock Exchange are fraught with the gravest danger to the community. It estimates that £1,000,000 has been squeezed out of nervous shareholders within a few months. A number of directorates in consequence have been compelled to circularise their shareholders, stressing the fact, that "the present low prices of their shares do not represent their true investment value.” The “Sun” complains that the "bears” recently made pawns of the shares in brewery companies, manufacturing enterprises, newspaper organisations, rubber companies, talking film ventures, and other sound industrial securities. The suggestion is made that the Stock Exchange should acquire authority to deal with this abuse. The newspaper concludes: ‘‘Zoology knows no bear more sleuthlike and voracious than the two-footed type which has its haunts at Stock Exchanges.”
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300305.2.110.4
Bibliographic details
Ngā taipitopito pukapuka
Sun (Auckland), Volume III, Issue 913, 5 March 1930, Page 10
Word count
Tapeke kupu
149STOCK EXCHANGE “BEARS” Sun (Auckland), Volume III, Issue 913, 5 March 1930, Page 10
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in