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Cycling Notes. 4.

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Cycling Notes. 4. By Pedalphast. I Lamp-lighting time: August 6th, 8.57 p.m. August 7th, 8.35 p.m. .August 8th, 8.33 p.m. August 9th, 8.31 p.m. August 10th, 8.29 p.m. August llth, 8.27 p.rn. August 12th, 8.2b p.m. Tr^forest Cycling Club runs: August 7U, Cardiff 3.30 p.in, August 9th, Impromptu run, 8 p.m.; August- I2th, Aberdare, 3 p.m. -0- Three members of the Treforest Club caiiied out the annual tour to Monmouth via Hereford on Saturday. Sunday was spent in Hereford and Monmouth reached on Sunday night, arriv- ing home on M mday. The roads and weather were purfect, and a pleasant time was expe-- ienced. --0- The cycle races at thB Pontypridd Football Club sports on Monday were keenly oontestea, and very exciting finishes were witnessed, par- ticularly in the final of the three miles handicap. Coming into the straight that sterling rider, John Osman, had the lead, closely followed by Hopkin Davies, and from here to the post was seen one of the most desperate struggles, the result being a dead heat. --0-- The judges' decision was anxiously waited by the largf- crowd, but opinion amongst the spec- tators was divided as to who won. Both com- petitors were asked to run off the tie, and to this course Davies agreed, but Osman would not do so, declaring that he won. The upshot was that the conimitteci had no course open to them but to lump the first and second prizes together, q and divide them, each taking four guineas worth. --0-- D. Davies, Llantwit, experienced hard lines in falling immediately on taking the lead in the three miles. Had this not occurred possibly the result of the race might have been different, for at the time he was riding well, and making the pace exceedingly sultry. --0-- Osman seems to have a partiality for close finishes. In the novice race he ran J. R. Evans, the winner, to a few inches, and was picking up ground rapidly. Again in the final of the mile handicap he had a close shave for third place, anl his finish in the three miles is now a matter of history. --0-- H. L. Jenkins, Pontypridd, made a brilliant show in the Harlequins'sports on Monday. He easily accounted for the 880 yards' handicap, and ran third in too five miles. With more opportunities for training this promising young rider will, undoubtedly, develop first class form, and already he has impressed reliable critics most favourably. His style of riding is wonder- fully neat and pretty, and he possesses a large amount of (lash-an essential quality in a sprin- ter. Jenkins is one of the few riders who do not rely upon his legs alone; he uses his head to a great extent, and that his judgment is not at fault was plainly shewn on Monday, when he took a first and third prize on his third appear- ance on a track, and that in good class com- pany. I have received the following letter from John Griffiths Cycle Corporation, Ltd., on the question of the present alleged "slump" in the cycle traxle. Dear Sir,—In view of the erroneous opinion which is likely to gain ground as the result ot ludicrous statements made by the more sensa- tional section of the press, we should like you to allow us the opportunity of demonstrating that these inspired (!) publications are speaking "without the book" when they are prompted to speak of "A Cycle Slump," because one or two firms discover that their machines fail to fetch certain prices on the market against others which experienced buyers have found to be better value for money. Speaking as a firm admitted to be the"World's Largest Cycle Dealers," we have so far this season done a larger volume of business than at any time in our history. We might give strong evidence in support of this, but a much better criterion of the present state of the cycle trade is afforded by the recent speech of the chairman of the Dunlop Pneumatic Tyre Co., Ltd. (Mr Harvey da Cros, sen.)' at the ordinary general meeting of the Company on the 21st instant, when handling a balance-sheet showing almost ona million profit in eighteen months. As is well-known. 90 per cent—if not more—of English made cycles are fitted with the Dunlop tyre, so that it will be readily understood how well qualified the chairman of this concern is to pro- perly pronounce as to the true state of affairs in the cycle trade. We quote that portion of Mr Harvey du Cros' speech which deals more particularly with the subject of this letter: "Now, ladies and gentlemen, it may interest you if we look for a moment at the cycle trade with which this company is very intimately con- nected. A great many people are writing about the cycle trade just now, and I think some of the gentlemen who are writing do not quite ypderstand the subject. (Applause). The cycle trade is a great English industry—an industry which has been extending for years, and will extend for years. People are talking about a slump in cycles. I do not know any- thing about cycle finance. There may bs a slump in cycle finance, but in the cycle trade there cannot be a slump. The history of the cycle trade is simply this, that it started in a very small way, but with the advent of to pneumatic tyre, which made riding a cycle a luxury, it began to expand, and it does expand each year. But the cycle trade, by reason of the seasons, is sometime subject to a temporary check in connection with the output, but that check is purely temporary, and it is more a question for the agent than for the manufac- turer. It is my opinion tnat in the cycle trade very large profits have been made during the year 1897, and I think it only remains for those at the head of these businesses to deal with their profits in a proper manner by paying reasonable dividends and building up large reserves; and those engaged making the great brands of ma- chines should be careful to make their expansions gradual, as I believe'they always have done, and are doing. I think I can illustrate my view of the cycle trade by an incidnt which happened yesterday. There was a very interesting meet- ing of the Swift Cycle Company. The directors were complaining of a very ample interpretation placed by their managing director upon the fifth Commandment, and the managing director gave the directors a photograph and some figures. I have not got the photograph, but I have the figures. They show that in the year 1894 the turnover of that company was £50,000, in 1896 £200,000, and for ten months of this year £ 225,000. I happen to know something about this company, and all that E225,000 worth of machines has been sold, and they are all to be paid for. Now, you will observe that there is an expansion from one year to the other. and that is where the possibility of a season's check comes in. This £ 225,000 worth of machines have been made and sold, but that manufacturer now holds his hand, and if the agents want more machines, they shall have them, but if they do not want more, then the works shall re- main idle. That is the extent of the slump in the cycle trade. If it is a good season, they make a/"great expansion; if it is a bad season, the expansion is limited. I think that is the true position of the development of the cycle trade."

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