SHARE TRADING
RESUMPTION WELCOMED IN AUSTRALIA. UNDER MODIFIED CONTROL CONDITIONS. (By Telegraph—Press Association—Copyright) SYDNEY, March 6. Investors and brokers welcome the modifications of the Federal Government’s economic regulations relating to share transfers. It is hoped that a flow of business comparing favourably with that recorded before the ban on free trading took effect will be possible. Actual trading in company shares will not be resumed till the scale of maximum and minimum prices has been fixed by the Stock Exchanges. Some time is likely to elapse before the schedule is prepared. Share prices will be allowed to fluctuate ten per cent above and below the rates ruling on February 19 or such basic price as is determined by the exchange committee to be in line with the market at that date. Provision will be made for a periodical revision of prices in the light of changing factors. It is understood that the onus will be on sellers to comply with the five months’ holding requirements.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19420307.2.28
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 7 March 1942, Page 3
Word count
Tapeke kupu
165SHARE TRADING Wairarapa Times-Age, 7 March 1942, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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