OVER-SELLING.
"A GLOOM OVER THE AUCKLAND . STOCK EXCHANGE." * Auckland, February 28. ''. At the Supreme Court to-day, during the hearing of a charge of rash specula- . ; tion against James Scott Lennox, Mr Selwyn Mays (who appeared as Crown Prosecutor) referred to the question of "overselling." Mr Mays said it had become absolutely notorious, and at the present time the Auckland Stock Exchange simply reeked in the nostrils of. -. honest men of the community, many of" whom had spoken to him about it. Since prisoner's bankruptcy there had been another serious wave of over-selling on the Auckland Stock Exchange. One manhad gone out for so doing, and another sound man had been submerged, but had now got his head above water. While the punishment of the prisoner might do some good, and in some degree restore ' confidence, there was undoubtedly a ' gloom over the Auckland Stock Exchange at the present time, and until the overselling practice was stopped- it wojild not be overcome. Honest brokers felt that there should be some pronouncement of legislation to clear the atmosphere.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19120302.2.23
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LIV, Issue 209, 2 March 1912, Page 4
Word count
Tapeke kupu
176OVER-SELLING. Taranaki Daily News, Volume LIV, Issue 209, 2 March 1912, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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