DUNEDIN STOCK EXCHANGE.

Otago Witness, Issue 2677, 5 July 1905, Page 27

DUNEDIN STOCK EXCHANGE.

Saturday morning on 'Change brongftt to a close a quiet week and one during which, on. account of the disorganised state of dredging and- the high stata of the rivers, little inclination was shown to do business. What transpires on 'Change is, of coxxrse, no guide as to what actually does take place outside, and it would appear as if the Stock Exchange were merely a place for members to throw out feelers preparatory to tie effecting of transactions subsequently. On Saturday morning the market was dull', and no business was recorded, but more than usual attention was paid to investment stocks. The river showed a fall of only lin since the previous day, being at the 7ft 6in mark at Alexandra, with the weather cold. As could only be expected' with the present state of the river the returns tohand are extremely few, and in the majority of cases very N small. By present indications it should be some time before, the river, is low encjigh, to permit of the gorge irirdges g«tting to work again. Alexandra Leads had" inquiry on Saturday at 6s, and & holder responded at -6s 6d ; while for Dunstan Leads buyers were offering 6s 3d, I with holders asking 7s. Golden Euns were procurable at 35s and Hartleys' at 40k;. but neither drew inquiry. Buyers of New Bendigoes were easier at Is, and holders firmer at 3s 3d. New Trafalgars wero procurable at 22s and No Town Creeks a* 2ls 9d, but therewas no demand niade> for either ; while inquiries for Otagos at 325. and for Pactoluses («x div) at 30s found' no response. Riley's Beaches showed little alteration as compared with the previous day, buyers quoting at 7s 6d and. sellers at 8s 6d. Rise and Shines were again procurable at 25s 6d", but drew no inquiry. The> share nia>rk«t opened quietly on Monday morning, and, although the day's business amounted, tc four transactions, the general demand for mining scrip showed very little improvement as compared with last week. Hartleys, New Bendigoes, and- Riley's Beaches were about tlae only stocks for which inquiry was in any way better. Electrics and Golden Runs were placed on offer, but attracted no notice, and in a number of other stocks there- was little or no movement. In investment stocks a transaction was put through in Milburn Lime (10s) shares at 13a 6d. The river showed a drop of. six inches since Saturday, being at the 7ft mark at Alexandra.

! Alexandra Leads were- a shade firmer on Hon- < day, buyers quoting 1 a-t 6s? l^d and sellers at '7s. Dttnstan Leads were on offer at 7s, and Electrics at 32s 6d, But neither drew inquiry, iG-oWeir Runs being placed on the market rt ■ 35a, wifcli- the same result. Buyers of Hartley and. Eileys, which were, placed on the market at 40s, were prepared to give as. high as. 38s> A request for Majesties . at 4s met with rro response, and: Hantiherikias, placed' on offeß at i ,30s 6d, elicited, no inquiry. Buyers- of Mystery ' Plats wer© offering 27s 6(3, and a- seller disclosed himsfelf at 29a, Improved" demand was made for New Bendigoes at Is 9d, and a transaction was- put through at 2s, the market at the close having buyers at Is 9d and sellers at 2a 6d. No Town Creeks, placed oir the market at 225, found inquiry at 20s Gd, and a r-equest for Otagos at 31s was 1 responded to at 335, 6d. A parcel of Riley's Beach shares changed hands at 8s 6d; and additional lots placed on the market at the- same' figure drew inquiry afc •8s 3d. Sailor's Bends also furnished » transaction, the price being 16s 3d, with the closing quotes reading : Buyers I6s, .sellers 16s 6d'. The following are Monday's latest quotations, subject to the usual- brokerage : — Alexandra Lead— Bxvyers 6s lid, sellers 7s. 1 Bignell's No> To wir— Buyers 13s, sellers 15s. Dunstan. Lead— Sellers 7s. w - : Electric— Sellers £1 12s 6d. Enterprise — Sellera Ss* Golden Run— Sellers £1 15s. Hartley and Riley— Buyers £1 18s, sellers £2. • Lady Roxburgh (paids) I—Sellers1 — Sellers 10s. ; Ladysmith (contrib:)— Buyers 2s 9d p. Majestic — Buyers 4s. Manuherikia — Sellers- £1 10s (3d. 1 Mystery Flat— Buyers £1 Ts 6d, sellers £1 9s. New Bendigo — Buyers Is- 9d* sellers 2s SA. New R-oxburgli Jaibilee (paida) — Buyers £ 1 ss. No Town, Creek— Buyers JBI 0s 6d, sellers £1 2s. Otagp— Buyers £1' Us, sellers £1 13s 6cl. Pactolus— Buyers £1 10s. , x?ew Perseverance— Sellers £1. Reeves' s Proprietary— Buyers Is 7£cl, sellers ib ara. . RiJey's Beach— Buyers 8s 3d, sellers 8s 6d. Rising Sun— Sellers £X 3s 3d. June 28.— Alexandra- Lead, 5s 3d ; Kiley'.i Beach, 8s; Rising; Sun, 235. June- 30. — Union Steam. Ship Company £14. 6s. ' Sales were made on Slonday as follow:— New Bendigo, 2s; Riley' s Beach, 8s- 6d; Sailor's Bend, Van 3d-; Milburn Lime (10s), 13s- 6d.