DUNEDIN STOCK EXCHANGE

Otago Witness, Issue 2630, 10 August 1904, Page 28

DUNEDIN STOCK EXCHANGE

The operations on the share market during the past week cannot be regarded as very prolific, as there was only one day on which anything like real business was clone, and that v.as on Thursday, when a good number of transactions were brought off in Hartley and Kiley shares. Beyond tins single instance of momentary activity matters have been at a pretty low ebb, notwithstanding the fact that ihe river, by the rise and fall of which the market is usually affected, although stationary nearly all the week, was at a very satisfactory level. Buyeis were again in a minoiity on Saturday, and tho inquiry on the whole" was rather poor, the result being that the morning's business was limited to a solitary transaction. Values in New Fouileen-mile Beaches, which had reached a very low level towards the close of the week, showed a decided firm-

( ing on Saturday, and had almost recovered to their level ot Monday last. Electrics and Hartley and Rileys showed no material alleiation, while in the majority of other stocks there was no very noticeable change, the markets in most cases being wide. For Manuherikias the inquiry was slightly better, with holders a shade easier, the leturn of 2890z from this dredge for last week not being announced in time to have any effect on the market. The Molyneux River has now reached a lower level than has been the casa for some considerable time past, the height at Alexandia on Saturday being 3ft Sin above the normnl mark — a fall of lin since the previous day. Provided ihe river continues to fall as it is now doing, all the gorge dredges, the majority of which are at present working to advantage, as is instanced by tho splendid return from the Manuherikia dredge Irst week, should be able to put in some steady work and make up for time lost a& a result of a high river and running drift. Alpine No. 2 shares were placed on the market on Saturday at 255, and Bignell's No Towns at 20s 6d, the former price showing an easing and the latter a firming No inquiry, however, was made for either of these shares. A single parcel of Electrics had quittance at 28s 9d, and additional lots were sought after at 28s, but closing holders were asking 29s 6d. Ettricks showed no alteration, but holders of First Chances were slightly firmsr. The inquiry for Golden R,un3~ showed a slight improvement, but the market was still too wide for business. Hartley and Rileys showed no material alteration, while in Manuherikias buyers were a little firmer, with sellers slightly easier. The markets in both these stocks, however, were still very wide. A return from the New Fourteen-mile Beach dredge, together ■with the intimation of favourable prospects, was no doubt responsible for the firming in these shares. Buyers were prepared to give 14s 3d, as against 12s the previous day, while holders were asking 20s, as against 17s on Friday. Better inquiry was also made for New Halfway House shares, ihe price offered by buyers being 5s 3d. Sellers, however, were slightly easier, being prepared to accept 6s 6d, as against 7s the previous day. Riley's Beaches wore placed on the market at 17s, and Waikaka Queens at 9s 6d, but in neither case did they draw any inquiry. August 6. — Electrics at 28s 9d.