DUNEDIN STOCK EXCHANGE.

Otago Witness, Issue 2509, 16 April 1902, Page 25

DUNEDIN STOCK EXCHANGE.

The Dunedin Stock Exchange had a uniqus experience on Monday morning, not a single sale being effected. Evidently sellers were satisfied to hold for better prices, while buyers were reluctant to go up. In the afternoon, however, business was better, and a fair number of transactions took place at about late rates. The returns for last week must be considered very satisfactory, the aggregate being a good deal higher than for the week previous, 'lhe Nelson Creek return .shows a considerable falling off, but that was only to be expected, as in order to work the claim systematically the I dredge had to cut out a portion of the flat on which there is a lot of terrace formation, which has always given trouble. Under the circumstances 1-lloz is very satisfactory. Tho ! Pactolus return was, to some, disappointing, but to the* majority it must seem very fair, I and that from the No Town Creek (the second best gqt by that dredge so far) is also good. It is pleasing to note the marked improvement fn the Red Jacks return This claim is highly thought of, and judging from the large amount > of- gold that has been won from the surround- , ings there is little doubt that the ground is , fairly -rich, although it is said the surface timber causes a considerable amount of trouble, j The Upper Magnetic return caused a considerable demand for that stock, and a good number of shares changed hands at Bs. Rise and Shines and Meg and Annies were also in good demand, the former at increased prices, and a fair number of shares were taken up. The Golden Run dredge has also coma to the front with a good return, and there is little doubt that a. number of other dredges in the same locality will follow suit when the river falls to a good dredgeable level. For the purpose . of showing the present position of the market as compared with the beginning of last week we make a short comparison of a few of the leading stocks. Aldingas have weakened a little. On Monday week sales | were made at 235, while the closing quotations were 21s 6d and 22s 9d. Sales were also made at 21s 6d on Wednesday, 21s on Friday, and 21s 3d on Saturday, while the latest quotations are 20s and 21s 9d. Alexandra Leads have hardened a shade. At the beginning of last week shares changed hands at 5s 3d, with further buyers- at sb, and sellers at 5s 3d, while additional sales took place at 5s 3d qn Tuesday and 6s on Wednesday. Sellers have remained firm at 6s since Wednesday, buyers offering from 5s to 5s 6c. Bendigoss commenced last week with buyers at 10s Gd and sellers at 13s, and sellers have remained firm ever since, buyers gradually creeping up to 12s Gd, at which price a sale was effected on Thursday, with further buyers at 12s. Boundary Creeks have also been firm. Sales were effected at 6s ; and 5s 6d on Wednesday, and during the rest : of the week inquiries have been made at ss, with sellers at 63. Dunstan Leads have steadily weakened, buyers dropping from 9s 6d to 7s, "and sellers from 10s 6d Jo 9s. A sale was made on Friday at Bg. Electrics have been I . steady, with buyers at 35s and 35s 6d, and sellers ! ' at 39s and 3Ss.6d- Endeavours hardened until | \ Friday, when they dropped back, though they recovered somewhat on Monday. ' Sales' took place at 13s Gd on Tuesday last, at 15s on Wednesday, at 15s, 14s 3d, and 15s on Thursday, ' and 14s yesterday, when the- closing quotations \ were 13s 6d and 14s. Excelsiors have improved, ' buyers advancing from 3s 3d to 4a 3d, and sellers ' from 4s to 4s ,6d. Sales were made at 4s 3d ' oa W«dAead»£, at U 3d. and. 44 j» Thursday^ [ <

and at 4s 3d on Fiiday. First Chances have also hardened- On Monday week inquiries were made at 7s 6d, sel'urs r«king Is moie whiio the latest quotations are 8* and 9a 3d. Sales *ook place at 8s on Tuesday and 0s on Saturday. Gold Kings ha\ c been remarkably steady, buyers offering Gs Gd and 6a 9d the whole week, with sellers at Ga 9d and 7s. Shares changed hands at 6s 6d on Thursday, and at 7s on Friday. Golden Rivers have also maintained their position well. Inquiries have been made at from 7s 3d to 7s 9d, while sellers have c:oscd at from 7s 6d to Ss. Sales took place at 7? 3d and 7s 6d on Monday week, at 7s Gd and 7s 7Ad on Tuesday, at 7s 9d on Wednesday, at 7s 9d and' 7s 7\d on Thursday, at 7s 6d on Friday arid at 7s 7\d on Monday. Sellers of Great Centrals ha»-e asked from 8s 3d to 8s 9d, buyers varying from 7s to Bs. On Monday week the closing quotations for Grey River Consoadateds were Is 9d and 2s, and an improvement then set in until Wednesday, after which there was a gradual decline till Saturday, though the stock shows signs of hardening again now. Sales took place at 2s Gd on. Wednesday at 2s 9d en Friday, and at 2s 6d and 2s on Saturday. A large number of transactions have t<tken place iv Junction Electrics at 20s Gd, while the quotations have varied from 10s 9d to 20s 3d for buyers, sellers asking 20s Gd and 21s. Three transactions were recorded yesterday at 20s 6d. Leaning Rocks have weakened, buyerc dropping from 12s 9d to 11s 6d, though sellers are now asking 14s, ns compared with 13s Gd on Monday week. A lot of business has been done in Meg and Annies. Sales took place at 20s 9d and 21s on Monday week, with further buyers at 20s 9d and sellers at 21s, and additional transactions were recorded at 20s 9d on Tuesday, at 20s 3d and 20s on Wednesday, at 19s 9d on Friday, and 18s 6d (ex dividend) yesterday, when the closing quotations were* 18s and 18a Gd. On Monday week Nelson Creeks changed hands at 71s and 70s, with additional buyers at 63s and sellers at 73s 6d-; but the stock has gradually weakened, buyers receding to 63s and sellers to 70s. JSo Town Creeks were steady last week, but appear to be haidening now. On Monday week a sale took place at 22s Gd, at which price there were further buyers, with sellers at 22s 9d, and another sale was made at 22s on Friday. A parcel also changed hands on Monday at 23s,with further buyers at the same price, and sellers at 24s 6d. Olrigs have eased, buyers receding from 23s to 23s Gd, and sellers from 26s Gd to 255. A sale was made on Friday at 255. Rise and Shines have been more in evidence than any other stock in the market. Sales were recorded at 23s Gd and 23s 9d on Monday week, at 24s 3d, 24s Gd, 24s 9d, «nd 25s Gd on Tuesday, at 25s on Wednesday, at 24s 6d and 24s on Friday, at 223 6d and 22s on Saturday, and at 23s 6tl on Monday, when four parcels were taken up, with more inquiries at 23s and sellers at 23s Gd. Royal Maori 3 have weakened a good deal. On Monday week a sale was made at 13s, the closing quotations being 12s and 14s Gd, and further sales took placo at 12s 3d and 12s on Thursday, while the latest quotations are 10s 9d and 12s 3d. Teviots have been somewhat neglected. Sales were' made at 2s 6d and 2s 9d on Friday, and another' at 2s 6d on Monday, when the closing quotations were 2s 6d and 3s 6d. At the beginning of last _week Upper Magnetics changed hands at 7s 9d and 7s Gd, but the stock was inclined to weaken throughout tho week, though an advance has taken place since iast week's return came to hand. Four parcels were taken up at 8s on Monday, and more were obtainable at 8s 3d, but buyers drew in at 7s lOd. Victorys commenced lost week well, sales taking place at 28s, but .the stock -has steadily weakened till the latest quotations are 24s Gd and 265. Three lots of shares were taken up at 25s on Thursday. The following sales were made during the week : — April 8. — Alexandra Lead, 5s 3d ; Endeavour, 13s Gd; First Chance, 8s; Golden River, 7s 6d and 7s 7id; Junction Electric, 20s Gd; Meg and Annie, 20s 9d ; Pactolua, 71s 6d and 72s Gd ; Rise and Shine, 24s 3d, 24s Gd, 24s 9d, and 25s 6d. April 9. — Aldinga, 21s Gd ; Boundarj Creek, 6s and 5s 6d; Callaghan's Creek, 8s p; Endeavour, 15s ; Excelsior, 4s 3d ; Golden River, 7s 9d; Grey River Consolidated, 2s 6d; Juntion Electric, 20s 6d; Meg and Annie, 20s 3d and 20s ; Molyneux Kohinoor, 5b dis ; Rise and Shine, 255; Waimitmu Central, 10s. April 10.— Bendigo, 12s 6d; Endeavour, 15s, 14s 9d, and 15s ; Excelsior, 4s 3d and 4s ; Gold King, 6s Gd ; Golden River, 7s 9d and 7s 7£d ; Junction Electric, 203 Gd ; Lafranchi's Freehold, 8a Gd; Pactolus, 755; Royal Maori, 12s 3d and 12s; Trafalgar, 27s j Victory, 255. April 11.— Aldinga, 21s; Alexandra Lead, 6s; Dunstan Lead, 8s ; Excelsior, 4s 3d; Gold King, 7s; Golden River, 7s 6d; Grey River Consolidated, 2s 9d; Junction Electric, 20s 6d; Meg and Annie, 19s 9d ; No Town Creek, 225 ; Olrig, 255 ; Pactolus, 755 ; Rise and Shine, 24s Gd and 2 ls; Teviot, 2s 6d and 2s 9d. April 12.— Aldinga, 21s 3d; First Chance, 9s: Grey River Consolidated, 2s Gd and 2s; Rise and Shine, 22s Gd and 225. April 14. — Endeavour, 14s; Golden River, 7s 7Jd ; Junction Electric, 20s Gd ; Meg and Annie (ex dividend), 18s 6d; No Town Creek. 235; Rise and Shine, 23s 6d; Teviot, 2s Gd ; Upper Magnetic, Bs. J NOTICE TO CORRESPONDENT. Duedgeiiastee. — The wages men have first claim, but should take the necessary steps to protect themselves.