THE DUBLIN stock market was dominated in the early 1860s by banks (as usual), transport companies (steamships, canals and, especially, railways) and, surprisingly, mining companies. Prices per share were extremely high, as this wrap-up of the dealings from this week in 1861 indicates.
Banking securities were passed over without dealings today. A relapse of one-half per cent has been submitted to in the case of Bank of Ireland stock. Nationals have been heavy all through, and are now nominally £65 to £65¼.
Hibernians have remained stationary at £44, but towards the close a slight feeling of weakness was manifested. In Royals there has been an upward movement of one-half, at which there are still buyers, holders demanding a further rise.
In Steam, an upward inclination has been observed in the majority of cases, the principal exceptions being in the shares of the Atlantic and Dundalk companies. The former receded a fraction, and at £1¾ left off with free sellers, a decline of one-eighth being required.
A steady advance of £2 10s per cent has been established in City of Dublin Stocks, at which some extensive dealings took place today. Dublin and Glasgows were well done at their previous value (10 shilling discount). Dublin and Liverpool Originals have been firmly supported at £3 10s premium, being an improvement of three-quarters.
Mining shares have not been much attended to during the week. Wicklow Coppers were first done at £58 10s, then advanced to £59, and today were largely exchanged at £58 10s, this price being still freely offered.
Mining Company of Ireland have given way 3s 9d, but at the lowest point of the week (£13¼) buyers predominated, with sellers at £114.
General Mines have been heavy in tone, but without any change in value. Carysforts were wanting at 8s 6d (a decline of 6d). Castlewards were on sale.
In miscellaneous, Grand Canal stock opened at £1 per cent reduction, and subsequently recovered to the extent of one-half, at which there continued sellers. For Patriotic Insurance offers were made at last rate (£6¼), an advance being demanded. Alliance and Consumer’s Gas have been heavy throughout.
Continued quietude has pervaded the market for railway securities, and scarcely any alteration in prices can be reported. Great Southern and Western Stock opened languidly, at a drop of one-eighth, and although no recovery in the cash price has taken place, a very firm feeling is now apparent, and dealings have likewise been entered into for the middle of next month, at three months’ “continuation”.
Midland Great Westerns have been steady, at £51¼ and £25¾, respectively, an improvement of one-quarter being now asked for the whole shares.
Dublin and Belfast Junctions have fallen back one-quarter, but at this day’s price, which is the lowest of the week (£42), a large number was freely taken, and more remained in request.
The announcement of a reduced dividend has operated unfavourably on Waterford and Limericks, which are still to be had at £20½ (a decline of £1 on the week), buyers refusing to give more than £20.
Dublin and Drogheda Old Shares have shown no change, being marked all through at £73½. For Irish South-Easterns and Dublin and Wexfords lower prices were offering.
In Preference, Dundalk and Enniskillens (A), and Londonderry and Enniskillen Halves, advanced one-eighth.
Dublin and Wexfords likewise made an upward movement of three-eighths. Great Southern stock has shown signs of reaction, being freely offered at £99¾.
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