Commercial.

Tuapeka Times, Volume VII, Issue 413, 2 December 1874, Page 2

Commercial.

O > THE SHARE MARKET. Me. J. Reid Mackenzie reports for week ending 28th as follows :—: — The inactivity of the past month or two has, this week, been succeeded by comparative briskness, more disposition to purchase having been evinced. Doubtless the reduced , quotations are the primary cause 'of 'this, and of there, being less disproportion between the ' .number of buyers and sellers— the latter, for' some time, being far in excess of the former. National Insurance" have declined 25. ; South British, 2s;Staudard, Gd; Colonial Bank, la.; M^osgiel 1 Co.,^ 2s.' I,t is hoped that all.

these shares 'have', now touched .the bottom, as it is termed ; but much will, of course, ; depend .upon the suate of the money market. Should it become easier— and some relief riiust be afforded thereto, by the payment ia a few weeks of £50,000 to "the shareholders of the Waterworks Company by the Corporation, aiid^from. wool returns (which latest advices from London represent as still fetching high, and for some descriptions even higher prices, and which are likely to be maintained for some time) —then an important improvement in the' value of shares' would, it may be "anticipated, be the result., The existing tightness of money all over the colony (and wlu'ch is not confined to Otago), and the consequent fall in the value of- every description of property, may be attributed .afaohgst other causies to, first, 1 ' -the payment of calls, in recently projected undertakings^" , and second, to, the necessity ior the prompt meeting of acceptances at maturity, giveu for land, purchases.

Sons of Fortune Gold- Mining Company — This company, it appears, has commenced operations. Private advices state that great faith is felt in the enterprise yielding excellent resnlts. An issue of new shares for, £1,000 has been made, which will doubtless be readily subscribed for.

Sales. — National Insurance, £1 75., £1 6a., and £1 55., Standard, Bs. 6d.. Bs. od., and 9a. ; South British, £2 Bs.; Colonial Bank, 155.; Mosgiel, £2 18s.; Shotover, 5s Sellers. — National Insurance,. £l 6s. 6d.; Standard, 95. ; Sonth British, £2 95. ; Colonial Bank, 15s. 3d.; Mosgiel, £2 18s.; do. (10s. paid up), 9s. 9d.; National Bank, £3 10s.

Buyers. — National Insurance, £1 6s. and' £1 45., according to numbers ; Standard, Bs. 9(1. ; Colonial Bank, 155.; Mosgiel, £2 175.; Shotover, 45.; South British, £2 65.; National Bank, £3 9s.