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REVIEW OF THE WEEK.

The week's business on the local 'Change has teen somewhat quiet compared .with the opening part of the month. The Auckland market is also easier. This is due to the flooding of the market with shares being issued by new compr.n:e*. Another cause is that a great amount of capital is locked up in promoted share?, whxh are held in abeyance <o develop the diffeient properties. As a consequence, ii is only natural that the investors' appetite in t) is direction is fairly well sati»fi<d. Locally Moanatairis have been in good demand, having advanced from 4s 61 to 5s "7d; improved prospects at the 160 ft level, and the probable sale of the property is the chief cause of the enquiry. May Queens are considerably easier; buyers offer 8s 6cT, sellers at 9s; the Dunn negotiations having to much mystery, and there being nothing to enlighten anxious shareholders, is the principal cause of the decline. New Whaus and Alburr.ies remain at about the same price; for the former buyers offer l!>, sellers Is 66 (call paid) ; the latter stocks are firm at 49. Hazelbinks, buyers 3s 9d. The principal demand on the Auckland sbaremarket has been in Coromandel stocks. Although much easier, the general tone of the market is good.' Zealandias have been in most demand, and had a (harp lice from 2s 2d to 2s 7d. They receded again, and the* closing quotations were buyers 2* 3d, sellers 2s 6d. Hauraki No. 2 aUo advanced to Is 9d after falling from 3s to Is srf. Bunker's Hill have cbanped bar,da freely, the excellent position of the property being the chief attraction ; sales 4s 6J. There was a noticeable improvement in Kapai-Vermont, standing at 4s they advanced to 4s 7c\ There will be a still further rise in these stocks. Try Flukes are easier, prices ranging from 7s 6d to 7s Bd. Wuitaias were in brisk detnand, sales ranging Irom Is 2d to Is 6d. Upper Thames stocks : Crownp, sales 30?. Talismans improved a little, Fales taking place at Us 3d, buyers 11?, sellers 115.6 d. Silvertons are unsteady; sales 14s 66. Woodstock remain at last quotations. It is expected that the return for the month from the Hauraki at Coromandel will quite exceed any previous yield from the mine. Jf each should be the case renewed activity is bound to be the result.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/THS18950629.2.16.1

Bibliographic details

Thames Star, Volume XXVI, Issue 8082, 29 June 1895, Page 3

Word Count
398

REVIEW OF THE WEEK. Thames Star, Volume XXVI, Issue 8082, 29 June 1895, Page 3

REVIEW OF THE WEEK. Thames Star, Volume XXVI, Issue 8082, 29 June 1895, Page 3

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