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DUNEDIN STOCK EXCHANGE.

Consequent on a clay or two's steady rain, the Molyneiix rose over lit between Thursday sight ancl Saturday morning, -when the heigh.fi at! Alexandra was 4ft llin above normal, with the weather overcast. A-llhougli this -will interfere with dredging to some extent, last) ■ttoek's returns do not show any falling off, and only one dredgeruaster — tho New Fouiteenmiile Beach — has reported stepping owing to the liver being too high. Thrcs returns over the century, and about 10 over the 50oz mark, together with an improvement in a inunber of other eases, mad 2 the past week's total returns the largest this year, being considerably over 2000oz, which nut°jt be regarded as extrerne]y satisfactory. Last week's returns were won under conditions which were entirely suitable, but ibis week the river will bo to some extent unsettled, and drift is likely to prove troublesome, and the. returns will probably not be quite so good 1 . Tho New Alpine Consols continues to put big yields to her credut, and last week's return was lllloz, whilo the two Electrics obtained returns cf over lOOgz. In tho West Coa&t concerns, tha Paetolus dredges are again well to the fore, and! the New Trafalgar, which is working alongside tho Paetolus claim, caused some surprise by obtaining a return of 40oz. The share market on Monday was very much firmer in tone than, it has been for sonio considerable time, a fair aniotmt of business being put through, andi not a, few stocks phowing a material hardening. New Halfway Houses provided five of the eighfi sales effected, but the prices were somewhat; small. Electric 5, Golden, Rung, Junction Electrics. New Trafalgars, Otagos. Sandy Point?, and Umty3 were all more or less firmer. New Trafalgar undergoing the most noticeablo haidemng. Investment stocks -we^e accorded the usual scant notice. The Molyneas River showed a rise of a couple of inches since Saturday, the height on Monday morning V ' g off Jiii above normal, with the -weather mild. Alexandra Leads were again unaltered otJf Monday, and Bigneil's Xo Tornis were procurable a-t 13s 9d. bu' received vo buytng notice. Electrics were a dea' rinr«r layers being pre-« pared i.o give 57- Oil 1 -<1 hrllere asking Golclen Kirns aV~ '"'---' — " o, .i^-airg tpr.-

at 38s, inquiry for further lots at ihe sarno figure meeting with response at 38s 6d. HaTtleys had a buyer at 265, and a seller at the old pneo of 30s. Hessey's were on offer at 245, I and Majesties at ss, but neither received notice, while inquiries for Masiertons at 40s and for Mystery Plats (,cx div.l at 28s were noi responded to. Holders of New Alpme Consols dropped a; shade, and a sale was put thiough at 11s 3d, the market at the clo&e having further buyers at the same figure and sellers ftt lls Cd. A parcel of New Fomteen-mile Beach shares was on offer at 28s p., but excited no attention from buyers. Values 111 Trafalgaors shewed a consideiabis improvement, buyers offea-ing a,s high as 24s lOSd, as against 20s on Saturday, and tellers holding for 25f. Kew Halfway House shares came in for wide buying notioe, and-five sales were put throxigh in them—four ait Is 6d and the final one .at 2s The market at the close had further buyers at 2s and sellers at 3s. Buyers of Otagos were firmea at 335, and holders firm at 355. An inquiry for Riley's Beach&s at 6s 9d had response at 7a 6d, while Sandy Point quotations read-—buyers 245, sellers 255. Values in Unitys picked up again, and a transaction was effected at 4s 6d, requests for further parcels at 4s 9d meeting with response at ss. The following are yesterday's latest quotations, subject to the usual brokerage: —• Alexandra Bonanza—Buyers 2s 3d. Alexandra Lead—Buyers 6s 6d, sellers 7s. Biguell's No Town—Sellers 13s 9d. Electric—Bayers JBI 7s- 6d, sellers J6l Bs. j Enterprise—Buyers 6s. Ettrick—Buyers 3s 3d, sellers 4s 3d. First Chance—Sellers lls. Golden Hun—Buyers £1 18s, sellers SI 18s Gd. Hartk-y and 1 Riley—Buyers £1 6s, sellers £1 10s. Hessoy's—Sellers £1 4s. Junction Eiectric—Buyers S3 3d, sellers 4s 6d. Majestic—Sellers ss. Masterton—Buyers £2. Mystery Flat (ex div.)— Buyers £1 89. New Alpine Consols—Buyers lls 3d, sellers lls 6d. New Fourteen-mile Beach—Sellers £1 8s p. New Halfway House—Buyers 2s, sellers 3s. New Roxburgh Jubilee (contrib.)—Buyers 7s p. New Trafalgar—Buyers £1 4s lOid, sellers £1 ss. Otago—Buyers £1 13s, sellers £1 15s-. Eeeves's Proprietary—Buyers Is 3d, sellers 2s 3d. Eiley's Beach—Buyers 6s Sd, sellers 7s 6d. Rising Sun—Sellers £1 ss. Sailor's Bend -Buyers 10s. Sandy Point— Buyers .61 4s, sellers £1 ss. Unity—Buyers 4s 9d, sellers ss. Miking. Roxburgh Amalgamated—Buyers' 33 3d. Big River—Buyers 9s, sellers 10s 6d. Big River—Buyers 9s, sellers lls Roxburgh Amalgamated (paid)— Buyers 3s 3d. Roxburgh Amailganiated (contrib.)—Sailers 3f 6d. Big River—Buyers 9s 3d, sellers 10s 6d. Roxburgh Amalgamated: (paid)— Buyers 3s 71d. sellers 4s 3d. Roxbttrgh Amalgamated (contrib.)—Sellers 3s 6d. Big River—Buyers 9s 9d, Fellers lls. August 29.—Reeves's Proprietary, Is 6d; Riley's Beach, 7s 6d. • August 31.—Unity, 4s 3d; Milburn Lime (£1 paid), 265. September I.—Riley's Beach, 7s 9d and 7s 6d; Unity, 4s 9d, ss, and 5s l£d. September 2.—New Trafalgar, 21s. September 4.—Golden Run, 38s; New Alpine Consols, lls 3d; New Halfway House, Is 6d and 2s; Unity, 4s 6d.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW19050906.2.63.16

Bibliographic details

Otago Witness, Issue 2686, 6 September 1905, Page 27

Word Count
883

DUNEDIN STOCK EXCHANGE. Otago Witness, Issue 2686, 6 September 1905, Page 27

DUNEDIN STOCK EXCHANGE. Otago Witness, Issue 2686, 6 September 1905, Page 27