DUNEDIN STOCK EXCHANGE.

Otago Witness, Issue 2524, 30 July 1902, Page 26

DUNEDIN STOCK EXCHANGE.

The market was decidedly sluggish on Monday, and the business done was not nearly as good as has been the case for the past week oc so. The majority of the stocks were inclined to weaken, the only one, in fact, in which there was any noticeable hardening being Rise and Shme. The river was 2ft sin above the normal mark at Alexandra yesterday morning, and the weather was niild. The warm weather is causing a good deal of conjectuie as to whether the river is likely to rise, and the opinion is excressed by tome that if there is much snow on the low-lying lands the heat will soon bring it down, with the inevitable result of a rise in the riv>r, which will also have the effect ol causing the drift to travel for a time. For the purpose of showing the alterations in the market during the week we review some of the principal stocks. Alexandra Leads were fairly steady until Thursday, but they fell back a little ci Friday, only to recover again on Saturday. I^alo3 were mf.de at 11s 6d and 12s on Monday week, at 13s oa Tuesday, at 13s and 12s 9d on Wednesday, at 12s 6d, 12% 3d, and 12s on Thursday, at 11s 9d and lls "^d on Friday, and at lls 9d, 12s, an-u 12s 3d on Saturday, while th& latest quotations are 12s Gd and 13s. Owing to the uncertainty of Ihe BencJi^o Company's financial popitiov the stock has fluctuated a good deal. Saloa vere effected at 9a 9d on Monday week, at lUa 6d on Tuesday, at lls and 10s 3d on Wednesday, at 9a Gd on Thursday, at Hs 9d, 8s Cd, 8s 4jd. and 8s 9d on Friday, at 8s 4id, 9s, and 9» 3d on Saturday, and at 9s on Monday, when further shar-s were in the market at the lastmentionfd figure, but buyers would not go beyond 8s 6d. Uavis's Bends have been steady willi buyeis at from 6s to os 6d dis, and sellers at from 4s to 4s 9d die. Dunstan Leads have bien wanted at from 3s to 3s 9d, but sellers have held for fro»n 3s 9d to 4s 3d, except on Friday when a transaction was recorded at 3s 6d. Electrics were steady all last week, but hsr-cif-ned on Monday as a result of the declaration of tho dividend and the purchase of the Magre tic dredge There were inquiries in the afternoon at 35s 6d. but se-llera wanted 3s more than that figure. Enterprises have boen firm, but no business has been done in them. The most ncticeable fluctuation in the market took place in First Chances, which rose suddenly on Wednesday, fell again on Thursday and Fnday, retovered partially on Saturday, jind eas^d a Fnade on Monday. Shares changed hands at 225, 22s Gd. and 23d on Monday week, at 275, 28=;, 2Ss 3d, 2"s 9d, and 27s 6d on Wednesday, at 255, 22s 6d, 223 3d, and 22s on Thursday, at 18s on Friday, at 22s on Saturday, and at 20* on Monday, when thsre were more buyers at 18s, but r.o sellers. A good deal of business has bsen done in Gibbstons at a low figure. Thirteen pales have been made at 2s, 2s 3d, aiid 2s 6d, the latest quotation being 2s! for sellers, without any buyers. Golden Rivers were steady until the end of last week, but the fact of there bring no wash up has caused them to recede. Sales took place at 3s 9d on Monday and on Wednesday, at 4s on Thursday, at 33 9d on Friday, and at 3s Cd on Saturday, while on Monday buyers offered 3s 3d, thu bet lesponse Deing 3s 9d. Junction Electrics have bern pretty stiady, and sales were n. corclcd at 13s Gd on Monday week, and at 113 Gd on Thursday, while the latest quotations arp 13s Cd and 14s 3d. Kelly and Casey Beaches T.-ere neglected until Satuiday, but the improvemoit in the returns is bringing theai into a l.ttle promi'ience. On Monday week the quotations were Is 9d and 4s 6d, while on Saturday two transactions were recorded at 4s. Tivo irore sales took place on Monday at 4s, one at .is 7fjd, and one at 3s 6d, more shares being in the maiket at 3s 9d, but buyers closed at 3s. One lot of Meg and Anuies changed hands at 15s 3J on Monday week, but though shares have been steadily offered at the same price since, the only response wis 12s on Monday. Monte Christoes were firm until Thursday, but since then they have weakened a little. Sales took place at i"s Gd and 17s 9d on Mor.da> week, at 17s Od and 18s on Tuesday, and at 17s Gd on Thursday, but on Monday a. selhiig offer at 18s failed to" bring forward a better response than IG3 3d. New Alpine Consols have weakened a httie. On Monday week sales were made at >8s 3d, 18s 6d, 19s, and 19s 3d, on Tuesday at 19s and 18s 6d, and on Thursday, Saturday' and Monday at 17s 6d, the latest quotation being iris Gd for sellers, without any buyers. North Beaches have gradually hardened, but buyers vill probably have to advance still further as thf* prospects of the company will no doubt induce holders to ha firm. Old Dunstans have been asked for at from 3s to 3s 9d, and sellers have closed at from 33 9d to 4s 6d. Olrigs eased a little in the early part of last week, while since Wednesday the stock has been totally neglected by buyere. Rise and Shines had a downward tendsnty all last -week, but on Monday afternoon they firmed considerably. Sfil's wore effected at 26s and 26s 3d on Monc o week, at 2Cs 4Jd and 26s 3d on Tuesday, at 2oa Oil Wednesday, and at 25a 6d, 26&, »u4 26*

6d on Monday, when more sliares were wanted at the last-mciitioned figure, sellers holding for 275. Sailors Bends were in the market at 33s on Monday week, buyers closing at 31s, biu the slock has eased a little since, sales: taking place at 30s Cd, 30s 3d, and 30s. On Mcnd-jy a parcel was offered at 31s, but there was no reply from buyers. The steady returns from the Teviot dredge are causing the stock to ha- den gradually, and eight lots of shares changed hands during the week. Sales were mado at 4s 6d on Monday week, at 5s 3d and 5s Gd on Wednssdav, and at 5s 6d, 5s 3d, and 5s on Saturday, while the latest quotations are 5s and 5s Gd Unity 5 were fairly steady on Monday week aud Tuesday, but fell suddenly o.i Wednesday. There was a partial recovery o.i Thursday pnd Friday, but the stock has weakened again since, this being due to the f^ct that the died?o has struck old workings. Sales w?re made at 16- 9d, 16s 6d, and 16s 3d on Monday week, at 163 and 15s 0d on Tuesday, at 15s Gd. 15s 3d, 15s, 14s 9d, 14s, and 14s lid on \Vedne--day, at lls, 14s Gd 15s, a-.d 14s 9rl on 'Ih"r=doy. at i ">9 6d. 15s 9d, and IGs on Fncuy. at '5s 6d :ir>d Tss on Saturday, an-3 at 13s on Monday, Ivu io"3 being taken up at the last mentioKcil 'ijure. while the closing quotat'ons were 12s 6d aad 13s. The follov.-irg &<t)?s were mida during the veek • — July 22.— Alexandra Lf>s.d, 13s; Bendigo, 10s 6'l , Gibbstor., 2=. and 2s Cd ; Monte Christo, 17s Zd a: d ios: Xkv A'.pina Consols. 19s and 16a Cd, Rise ?nd feh-i.e, 26s 4Jd and 2Gs 3d, TraLi'g-ar, 18s; Unity, IGs 3d, 16a, and 15s 9a. Ju'y 23— Aioxs-rdra l>=ad. 13s, 12s 9d; Denoigo.'lls and 10s Sd , Er_<lea\our, 7s fd; First Chance, 275, 2£s, 2-3.3 3d, 27s Sd, and 27s 6d , Oibbiton, 2a 6d ; Golden River, 3s Sd; Great Woodstock, Is, Lady Roxburgh, 3s 6d dis; Kise and Shine. 2Gs ; Sailor's Bend, 30s 6d; Teviot, 5s 3d and Gs ; Unity, 15s 6d, 15s 3d, 153 6d 15s. 14s 9d, 14s. and 14s lid. July 24 -Alexandra Lead, 12s Gd, 123 3d, and 12s. Berdigo. 9s 9d ; First Chance, 255, 22s 6d, 22s 3d. and 225; Gibbston, 2s Gd: Golden River, '- Junct,on Electric, 143 Gd ; Monte Christo, 17s 6d , Uritv, 14.=, lls 6J. 15s, and 14s 9d. July 25 —Alexandra Lead, lls 9d, lla 7Jd ; Bendi<ro, Ss 9d, 8s Gd. 8s 4Jd. and 8s 9d ; D\inptan Lead, 3s Gd : First Chance, lfis ; Golden River, '.U 9d , Sailor's Bend, 30s 3d and 30a; Unity, 13s -6d, 15s 9d, ard 16s. July 2G A.lp.i.vidra Lead, lla 9d. 12s, and V2-i 3d; Ber'hso. 8s 4»d, os, and 9s 3d, First Charce, 225; Gibbston, 2s; Golden River, 8s Cd, Kcllv and Casey Be.ich, 4a, New Alpine Consols. l"s 6d . New Halfway House, Is 6d , Teviot, 5s Gc!, 5s 3d, and ss; Unity, 15s 6d and 15*.

July 28.— Bendigo, 9=,; First Chance, 20s; Kelly and Casey, 4s. 3s 7Jd, and 3s 6d: New Ali-me Consols, 17s 6d; Rise and Shine, 23s Cd, 2Gs, and 2Gs 6d; Unity, 133.