MINING. STOCK TRANSACTIONS.

Dominion, Volume 2, Issue 562, 17 July 1909, Page 10

MINING. STOCK TRANSACTIONS.

;'_ Siiy—Th'e -,:present seems /ah;>opportune timeto/draw the 'maimer- that investors ;in.\niinirig stocks' are handicapped in' .'Ms 'city^'of''V/ellington.;'. There',are'a. tonsiderable number of men in this.citythat : ake ''more"'than' a .passing /interest'-in-the . development; of the;, wealth that lies hidden' iri -ite/earth;'■•'., Much; .of 'the' stock in such' companies as the .Talisman' arid Waihi isheld' by;.'Wdlingtoh.''investors,''but'with the.ex?. ■ cation'' of ..these 'two' mmes'littlcihform'atioh.' character is obtainable .until it , tha't' ; otir. Auckland .{riends have got'.'she"''(cream,", and; v ':;riqtll]ng;.'.'.;,b'ut .'the; ' ''skimined 1 , milk," remain's.'; what'.Teasin is .there th'atf this''city should not have'a'.real live Excharicc? "If js:quite' true that' nominally we 'haveone, but :except as' a meeting .place for Ideal, brokers ..'it is, useless.. In : Aiickla'nd and 'also in,Dunedin official notices' from '■ mine V' managers and dredging masters are '.'_■ posted immediately upon' receipt,' do' who cares to visit ,may';teadi; \- f f - :; ':;;'' T ; 'V/ .-''■.•:/''.,'..-' : V' ! -.. -'The local .Exchange 'ib/'ddmihated'"entirely, : byHhe Auckland ExcnSngb. -'TheVfirst call' , here/is- .now : :made'at.il2;.noon,', simply;'be-' < cause the 'Aucldand^m<jrriirig:-call--.takes : .so loiig that pricesdo not' reach Wellington before -that hour;' -Why not •• have .the; Wellington;' call - held .-'• simultaneously, with that >of-' Auckland? Of courso, this -would; necessitate ;siftiilar arrangements being made for thi pdstihg-of. inforinationJfrom mining. secretaries-as. w done ' in'-Auckland.. •; ' '.-''.«': ':■'.'.:.''''.'''i;:V'"- ..-"'; f v : :/.-Another: matter! requiring -by ldcalcbrpkerS'ia the charge'for brokerage. It isia "iact .'.that upon shares-' quoted'at' J peV shaj:o;{a:.<brokerage - charge^equaly to 1 -1\ per centeis made j.'.the commission ' is. ljd;-g>er shafeipayahle by both bujer and seller;: The samei. class.of share, is- .handled by Auckland brokers for i\.. p6r cent, commission. Is it anyi wonder, that we have, to do,our business direct with Auckland?'. It'is .to be,hoped : the local: brokers will rshake themselves' up' a' bit, and; put. -the -local ■■. scrip, traders- : oh.-' a. better footing than'they are at '-'present.— I am, etc., r- •■'■■■.. v--\-' ~- ••■ '- ■'.;.:-.--.:-,;:v;-- ; -'■■ -■ ••'■:. :•■-.'-■ MEROATOR.-.:> >jui y 12;. •- ;;.-:.::, ; ;hy : :-;;>-::;■; ;:;.; I ■;■■;■.