Story: Stock market

Invercargill Stock Exchange, 1920 (1st of 2)

Invercargill Stock Exchange, 1920

This is the first ‘call-over’ of the Invercargill Stock Exchange on 14 October 1920. The call-over was the process used to sell shares from the late 19th century. The stocks would be read out one by one and the brokers would bid on them. It was a highly formal and slow proceeding. None of the men shown here were full-time brokers; they included accountants, real estate agents, merchants and one lawyer.

Courtesy of NZX

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Private collection, David Grant

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How to cite this page:

David Grant, 'Stock market - Towards a national exchange, 1950–1984', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/23680/invercargill-stock-exchange-1920 (accessed 16 November 2019)

Story by David Grant, published 11 Mar 2010