DUNEDIN STOCK EXCHANGE.

Otago Witness, Issue 2541, 26 November 1902, Page 25

DUNEDIN STOCK EXCHANGE.

The morning call on the Dunedin Stock Exchange on Monday was productive of no business whatever^ and the afternoon call was very little better, only one sale taking place. The inquiry for sales was, on the whole, anything but keen, and in most cases prices showed a fairly wide margin between buyers and sellers. The demand for some lines, however, still keeps good, but in the majority of these cases there are no sellers at all. The effect of the high river and the drift on the aggregate returns for the week is very marked, the total showing a largf decrease over previous weeks. The river ■was 6ft 6in above the normal mark at Alexandra, a fall of lOin since Saturday, and the weather was fine. For the purpose of showing the principal alterations in the market during the past week we give a short review of the leading stocks. Alexandra Loads were fairly steady last week, "but they have eased since receipt of the return, ■which showed, a large decrease as compared with late yields. A sale was made at 13s 3d (ex div.) on "Wednesday, and the latest quotations are 12s 6d and 13s 9d. Notwithstanding the fact that the Bendigo dredge has been closed down for more than a week the shares in that company remain very firm. Sales took pla-ce at lls 6d and 11s 9d on Thursday, and at 12s on Satuiday, while on Monday inquiries •were made at lla 3d and lls, sellers holding for 12s. Blackwater Rivers have engaged a little attention during the past week in consequence of the approach of the time for commencing active operations. A sale was recorded at 4s 6d dis. on Wednesday, and the latest quotations are 6s dis and 3s 6d dis. Cromwells have been in fair demand up to 61s, but sellers only came into the market on Monday, when they wanted 655. Davis's Bends have been easier on account of the dredge being shifted, l>ut they will probably engage more attention when work is resumed. A transaction was recorded on Wednesday at 2s 9d dis, but buyers 'have now receded to 3s 3d dis. and sellers to 2s lOhd dis. First Chances have been asked for at from 12s 9<3 to 13s <3d, but sellers have not come forward at all. A parcel of Golden Beds was taken up on Wednesday at 6s 6d, but the stock was altogether neglected on Monday. Golden Rivers have been pretty steady, and a sale was made on Tuesday at Is 63, the latest quotations being Is 3d and Is 7£d. Great Centrals changed hands at 3s 6d an Tuesday, T>ut buyers have now declined to 3s, though holders have been firm at 4s. Hartley and Rileys have been in gTepter prominence than most other stocks, and font parcels of shares changed hands during the wpek at 38s, 40s, and 39s 6d, while on Monday shares were offered | at 40s, buyers closing at 375. Junction Electrics have been firm, with buyers from lls 3d to 12s, and sellers at 32s 6d and 12s 9d. Leviathan preference shares find Mokoias have both been in fair inquiry, but Molyneux Hydraulics have been rather neglected, notwithstanding the good teturns that have been obtained lately. New Roxburgh Jubilees have remained very steady and so have North Beaches and Prince Arthurs. A sale of the last-named stock took place on Monday at lls. and there were further buyers at 10s 6d, holders wanting Is more. Riley's Beaches came into-prominence again la3t week, and a transaction was effected on Saturday at 17s, while on Monday afternoon there were "buyers at 16s, but no sellers. Rise and Shines 'have been steady, but buyers and sellers have been unable to come to terms. Xorembcr 18.—Go'den River, Is 6d, Great Central, 3s 6c). Nov. 19—Alexandra Lead, 13s 3d; Blackwater RivT, 4s 6d di=.; Davis's Bend, 2r 3d dis.; Golden Bed, 6s 6cl; Hartley and Riley, 38s; Nokomai Hydraulic Sluicing (ex liv.), £9 10s. Nov. 2G — Benligo, lh 6d and 11= 9<3; Hartley and Riley, 40« . Big River, 5s 6d. November 21.—Hartley and Riley, 39s 6cl. November 22.—Beiidigo, 12s; Riley's Beach, 3 7s. Nov. 24.—Prince Arthur, lls. SALE OF THE GOLD KING DREDGE. The Gold King dredji was submitted to public auction by Messrs Park, Reynolds, and Co. (acting under instructions from the registrar of the Supreme Court) al noon on

Saturday The dredge was bought in by Mr J, Sparrow (the mortgagee) for the sum of £50.