South Wales Daily News

CAKDIFF EXCHANGE. BUTE DOCKS, THURSDAT. There was a good attendance on 'Change, and the tone of business in all branches was very satisfactory. The steam coal market was in a buoyant condition, and prices, especially for best qualities, maintained an upward tendency, In the house coal trade a moderate "cquiry waa in evidence, and there was a good demand for patent fuel and coke at last figures. In our ]3ca{ freight market to-day outward steam chartering ruled moderatively active, and about an average business was effected in all departments. Rates for the Italian, Eyptlan. and many more of the Mediterranean ports closed weak. West Indian, Eastern, and Gibraltar freights were moderately steady. French bay ports, Baltic, and coasting I quotations practically unaltered. The following comprise the latest operations Port Said, 78 (Austin Friars). Ancona, option. Venice, 7s (Naworth Castle). Port Said, 6s 9 1. Genoa, 7s. Fort Said, 6? 91 (Mark Lane). Tunis, 9^ (Bailey). Constantinople, option. Pirseus, 63 (Ferdinand Yoti Der Tachøeü). Geuoa, option. Savona, 7s. Kustendje, 6j 9tJ (Roe*), Algiers, 9ifc, patent fuel (Cygnet). Pi. ffins, option. Constantinople, 6s (Weardala). Marseilles, 9 £ -fcs. (Win. Burkitt). Constantinople, 6s (Cathay). Sail,—Outward business for Monto Video, Rio do Janeiro, and C'lpa Town continues inactive, while for Santos, Pernambuco, Bahi^j, Buenos, and the River Plate ports orders remain very scarce, and little business is passing. West Indian, Eastern Mediterranean, Baltic aud coasting quotations practically unaltered. Ore.—Homeward rates from Bilbao, Salta Cabello, Decido, La Castro, and Povina ruled steady, with about an average inquiry for New- port, Swansea, and the adjacent ports iii ttie Bristol Channel, Carthagena, Pormau, Huelva, Benisaf, an j Pomarou quotations for the U. K. and continent remain much about the sama as last reported. According to the Barry Dock and Railway Company's official statemrmt the total shiomants 011 Wednesday at Barry Dock were 6,206 toii3 9 cwt. The vessels in dock were 11 steamers alld 30 sailing ships.

MOVEMENTS OF LOCAL. VESSELS- Ebbw Vale passed Constantinople for the Danube 24th Collivaud passed Constantinople 24th Jane Radclilie left Belfast for Barry Dock 24th Wynnscay arvcl Marianoplo from Port Said 24tb Iolo Morganwg left Bilbao for Terneuzen 24th Bruges expected to leavo Plymouth for Cardiff 24th Iiougemont and Bilbao 23"(1 Kadyr arvd Swansea from B, itoij Ferry 22nd Fernclilfe iefo St Louis for Lisbon 23rd Prince Soitykoff arvd Swausea 22nd llltyd left sulina for Gibraltar 23rd Cyril left Kerteh for Gibraltar 23rd Cholmlev arvd Montreal from Sydney 2211d Thomas Turnbull left Dublin for Careliff 2?nd Everilda left Constantinople for Gibraltar 23rd Darent left Southampton for tbe Tyno 23rd S W Kelly let. Dunkerque for Cardiff 23rd John Maiyc urch passed Copenhagen 23rd liicardo left Iluelva lor the Mersy '3rd

CARDIFF—ARRIVALS. PENARTH VOCK, July 25.-Plilnl.aenet ss, 387, Port Talbot, light.

SAILINGS. ROATH DOCK, July 23. Flying Cormorant ss, McDougall, Ch intiei. Argosy ss, Barge, Genoa. Lady Palmer ss. Smith, Port Said. EAST Dun: Docic, July 23..—Peninsula ss, Turnbull, Barcelona. GhJlHiower ss, Cornish, Bordeaux. Corsi- can 's, T;,it, Dartmouth. WEST BUTE DOCK, July 24 -Isabella, Uzlert, Ply- mouth. Julio, Jan tor, Paluia, Majorca. Era, Bull, IJevonport. Maucap, Oumarin, VVaterforJ. Sea Prince ss, Ryan, Roads. Coisiehurst. Griffith*, Para. T're- gannl, Steel, Slade. Rosinn., Echiina, Cormma. BOATH DOCK, July 24.— I'orbay ss, Stevens, Algiers. Rival, Sims, H:ghbritige. Lord Lansdowne, Fausset, Colombo. Thames ss, Taylor, Liverpool. Mosser ss, David, Aucona. Win Symington ss, Pottinger, Marseilles. Royal Welsh ss, Gibson, Vera Cruz, Faith, Kooke, Bute. EAST BUTE DOCK, July 24.-Frey, Thornhoden, Buenos Ayre,. Hawkshaw ss. Bowse, Buenos Ayres. Providence, Barley, Bristol. Hartington SII, Hull, Marseilles. Valin ss, Massette, La Rochelle., Atlour ss, Orain, Boucan. Zaire ss, Meugent, Venice. PENARHI DOCK, July 23.—Strathesk 8", Perim, coal. Balder ss, Mediterranean, coal. ENTERED OUTWARDS,—July 24. Spezzia, Fernlands as, H, 1364, Hardy, Wilson A Co Terceira, Sestos ss, B, 784, Gibson, E J Howard Cape Town, Celtic Monarch, B, 20/3, Nixon's Naviga- tion Co Barcelona, South Wales ss, n, 867, Evans, Jones It Co, Malta, Harrogate ss, n, 1381, Scallybr&ss, Balmer & Co 1'ort Said, Boskenna Bay ss, B, 1433, Foster, Hain Oporto, Gariis'in ss, B, 6f;8, Powley, Thomas & Co Tilt Cove (NF), luiogene, H, 175. Lindsay, Gracie Li-bon, Skand mavien ss, Swn, 345. Tellefson A Co Ghent, Scioeide ss, Antwerp, 689, Hore, J (" try & Sons Buenos Ayres, San Giovanni E, Ity, ,31, Morteo & Greatrex Odessa, Sleipn.u- s, Nwy, 1143, C F Hansen Cz Co Kio Grande, Aladdin, Nwy, 280, Evensen, Heard & Co Bnenos Ayres, Erling, Nwy, 347. 1'ellef.seu & Co Cape Verds, Thordisa, B, lt-39, Turnbull Bros Genoa, Laleham li, 1263, Junes & T.u.mas Tunis, Batley, 1>, 550. Hodgson. L & li Gue!et Monte Video, Coimbatore, B, 1193, Ponsonby Co Trinidid. Mary Elizabeth, B, 177, Ponsonby & Co Adelaide, Duke of Abercarn, L, 1050, McDougall, Thomas & Radcliffe Genoa, Heliusley ss. 1151, Powe, R Ropner & Co Venice, Amor, B. 636, Rottini, A T Lucovich Buenos Ayres, N.iaal, N wy, 6^9, Hansen, C Schroeter Tonsberg, Olaf, Nwy, co7, Gram, C Schroeter & Co Kingston (Jam ), Adniiralen, Nwy, 3/8, C Schroeter Buenos Ayres, Ehza Lines, Nwy, 464, C Schroeter CLEARED-Juiy 21. Santos, Sakha, wy, 3S8 coal Buenos Ayres, Nwy. 8locoal Bueno3 Ayres, Pippe Savunn, Argentine, 566 coal Ghent, Schelae, Bel, 1100 evil Genoa. Teresa Mad re, lty, 725 coal Singina, Agenoria, B, 1500 coat Madeira. Hiy Green ss, B, 2100 coal Alexandria. Ravst-.slieugb$<, B, 22J0 cna! Busreh via Marseilles, Adowa ss, B, 2000 coal Palermo, Trovose ss, B, 3300 coal Rio Janeiro and Rio Grande, ES Lancaster ss, B, 160 coal, 400 fuel Rio Janeiro, Hect inorga, B. 3620 coal Port Said. Lavvrnock SiI, B, 3<200 coal Bordeaux, T'aif ss, B, 1060 coal Spezzia, Agnes Otto ss. B, 1550 coal Hueiva, Tinto ss, B, 1000 coal Port Said, ileriibraii, it ss, H, 2350 coal Genoa, Ilelmsley ss, B, 2050 coal Cadiz, Thomas Haynes ss, B, 1404 coal

SWANSEA—ARRIVALS. NORTH DOCK. July 23,-Lonh Fisher ss, 160, Jersey, licrht. Earl of Beacocsfield, 93, Wexford, gravel. NORTH DOCK, July 24—Sunlight ss, 245, Liverpool, general. Gazelle ss, 204, Rouen, light. Sc Pierre, 73, Briton Ferry, iight. SOUTH DOCK, July 23.—Mary Monica ss, 193. Dublin, light. Wlindra ps, 7S. Illracombe. passengers. SOUTH DOCK, Juiy 24.—Armenia ss, 1514, London, light. Westss, 380, Caen, lischt. Dryade, 91, Neath, light. PRINCE OF WALKS DOCK, July 23.-Harton ss, 526, St light. PRINCE OF WALES DOCK, July ;44.-Saudsend ss, 454, Loudon, light. J. une ss, 497, Antwerp, light. SAILINGS. NORTIl DOCK. July :3.-Trofat s, Berner, Bergen. Isabel ss, Robinson, Bad. Rhine ss, Oliver, Genoa. NORIH DOCK, July 24.—Ivy, snow, Penryn. SOUTH DOCK, 23-Elizbedl Drew, Wilcocks, Ply. mouth. Huniber Fry. Glasgow. Ormerod, Richards, Rochester. Rio Formoso ss, Davies. Bristol SOUTH DOCK. July 24.-I,iliai ss, Taylor, Caen. Ellen Catherine, Simmons, Messina. Georgette ss, Provost, Dieppe. Collier s-. Jack-on, Bristol. I'RINCH OF WALES DOCK, July 23.-Colynen ss. Join s, Philipueville. PRINCE OF WALES DOCK, July 24.-Cannet as, Agnew, Newry. Montana ss, Wiliiam, Baltimore. Waverlev .s vacJlt, Harvey, sea. ENTERED OUTWARDS—July 2 £ New York, Brooklyn City ss, B, 1122, burgess & Co Rouen, West ss, B, 380, Towns, J Wood &, Co Rouen. Sandsend 5, B, 4ol, Le Brun. W G Foy & Co Maranbani. Kffendi. B. 419, T P li ctiaids & Co Havre, Gazelle ss, B, 228. Re", E & A Samuel Caen, Hal-ton ss, B, 326 Fisher. Renwick <ft Co Sc Malo, Llanthews ss, B. 91. Lev. Hirries Bros .1:; Co CLEARED—July 24. San Francisco, Phasis, B, 23C0 coal Havre, Gazelle ss, B, 450 coal and 300 pateut fuel Caen, Harton s,, B, 450 cod St Malo. Lianthewv ss. B, 280 coal Rouen, Wet ss, B, 750 co?.t Rouen, Sandsend g", B, 910 coal Civita Vecchia. Titorueycroft ss, B. 1950 pa ent fuel EXPORTS COASTWISE—July 18. Newry, V.ough Fisher ss, 2JO ooat. Evans c'z Bevan 203 coal, Vivian A Sons Dublin, Mary Monica, 500 coal, Foxhole Colliery Co

LLANELLY. CLEARED-Julv 24. .e Trouville. Jules Estelie, F, 220 coal Bordeaux, Louis Marie. F, 13o caal Drogbeda, Ethiopian. B. 256 coal Watcher, Tom, B, 35 coal Wexford, Telegraph, B, 120 coal j Abersoch, Pearl, 8, 100 coal j Liveipool, Foyless, B, 370 tin plates 1 Liverpool, via Burry Port, Volante ss, B, general 1

PORT TALBOT. ARRIVALS, July 2".— Gulliver, Oxwich,light. July 24 — City of York ss, Neath, light. SAILINGS, Juiy 23.—Piaucagenet ss, Cardiff. Acacia ss, Treport. Mariner, Isie of Man. July 24—City 01 York ss, Bristol.

BRITON FERtY. ARRIVALS, July 2t-Vcrol!jc ss, 134, Portreath, ballast, 187, ballast. SAILINGS! July 23.—St Juiien, Truro, coal. Orange Blossom, Looe, coal. Dryade, Swansea, light. St Pierre, Swansea, light. Janie, Looe, coal. City of York ss, Port Talbot, lisht. Birling ss, Fecamp, coal.

(special REPORTS FROM OCR OWN CORRESPONDENTS AND EXCLUSIVE HOCBCES. j THE MIDLAND IRON TRADE. BIRMINGHAM, Thursday.—There was a faif amount id business stirring on 'Change this after- noon, notwithstanding the occurrence of the Tip- ton wakes, which have temporarily withdrawn a large amount of labour from the Tipton district, and virtually put operations at the various iron work and foundries thereabouts to a standstill. This annual holiday will be quite as long as usual, if not longer, for business, although slightly im- proved, is by no means so abundant and pressing as to necessitate the man being called together any earlier than is customary. This, at any rate, is the case with regard to the blast furnaces and iron works, but at some of the engineering estab- lishments there is a good deal of work in band which it is desirable to got on with rapidly. In the finished iron trade a continuance was this afternoon, observable of the improve- ment which has just lately characterise! this department. Marked bars remain steady at £ 8 1(K Common bars are in rather better demand than of late, and ire realising somewhat better prices -irorn £ 6 12s 61 upwards. Galvanised sheet makers are slightly better off for foreign work. Black sheets are selling at j37 for singles and about 10s above that price for doubles. R oops are in better demand for America at £7 10s. Gas-tube strips and mains 27 2-i 6d. Tbe steel makers report a satisfactory amount of work on baud at slightly batter prices. Con- siderable interest continues to be taken in the Midlands in the very decided attitude Suelfiald is taking up with regard to the McKmley Traffic Bill, aDd this firmness is held to be the right course to adopt if the Ameri- can market for cutlery and some other metal manufactures is to be retained. With regard to the pig-iron trade an improved demand is ex- perienced, and whilst open market quotations are not materially changed on the wees, yat sellers are rather firmer, LJeiDIf rendered so by the in- creased dearuess of coke, and also by the unproved exports which are to hand from Glasgow and Middlesbrough. Cold blast all mine iron is quoted £ 5; ami all mine hot blast about JE3 10s. For part-mines 45s is asked, and for cinder sortli 40s. Northampton and Derbyshire pigs command from 47 > 6 i to 5(js. In the coal trade there is a fair amount of ousinesa stirring at from 8 to 10s for forge sorts, and 10s to 12s for furnace. Tiiere was a (food deal of comment oil the an- anouncement from South Wales of the proposed new scheme for creating a "corner in anthracite coal. It is thought that the imnaeuse amount of capital that would be required, and other difficulties incidental to a movement of so much magnitude, would scarcely permit the pro- ject to be carried to a successful issue.

NORTH OF ENGLAND IRON AND COAL TRADES. MIDDLESBROUGH, Thursday.—The pig metal tirade has been firmer as a whole this week, though there was a slight weakening of warrants yester- day as compared With the early part,of the week. No. 3 has kept about. 43" aud this price has been paid both for orompt aud forward. Some sellers want moro for delivery over the rest of the summer seeing that there is somewhat of a scarcity of No. 3. It IS 'ue to the fact that there is more demand for this number that the prico of No. forge has been 2; per tloll less, v.z., 41-. Warrants and ordinary No. 3 iron have lately run very much on a j?ata!iol with each other. The ship- ments have been pretty good for the time of the year, but they are not equal to those of last month. Deliveries coastwia-i have been very small indeed, an, unles.-t they come up better tha shipments to South Wales of Cleveland iron will be tti- smallest this month for a Ioi), tima. Lately there has be u an undoubtedly better feeling, ad shown by the greater readiness to buy forward, but whether it will be maintained cannot with any deUsiteness be asserted. Tiio manufactured iron trade has keen quiet as a whole in te matter cf deriand. T) give confidence to the trade there is wanted to arise a requirement f«r f hip- buildiug materia!, but unfortunately there is no present prospects of the manufactured iron trade getting better from this cause, for there are n) orders for new ships worth naming, nor has there any for .some time past. Tllo prices of manu- factured iron are about, common bars, L5 15* host do., £ 6 5s; shir plates £ 5 5s; g rdor plates, £ 5 10s tioii-r places, L6 5* to X6 10s ship antTi ■;>, 25 2s 6 i to E5 5 j sheets, £ 6 153 > all less 2ji per ceut. discount. In steel there has b'-en no noticeable ohaugo. Prices are about tba eame, rails beiui{ £5; ship plates, 26 5<. The engineering, forge, aud other departments are uuchauged. In th coal trade there has been great stiffuoss iti steam, although just now there is a httle relaratiou of th« pressure for the best clashes on the Tyne aud Wear, it is stated, because Scotch coals are taken instead. The price of best has, however, been 13J per ton r.o. b.; secondary classes, lis tc lis 6 1 .small, 6s to 61 ód. There is still a lari-a supply cf small on the market. Steam coal f ivaers now apparently believe that tl-ey will be able to lhamtain present rates over the sur-^ner ani autumu and hence are not much inclined to sell forward. Manufacturing coals have been in good request for bunkering and general purposes, and are 7s 61 to 8i at the pits. Household coals quiet. Coke is lirm, and shows a stiffer rather than r weaker tendency. Furnace coka is generally 14s delivered on Teeside.

NEWCASTLE TRADE REPORT. NEWCASTLE-ON-TYNE, Tnursday.—Freights out. ward to the Mediterranean and Baltic are still depressed, with'a tendency to further weakness. Genoa race has falleu to 6s 31, at which extra- ordinarily low figure more than oue fixturo has been made. However, business is slack all round, with the exception of the Black Sea and the Baltic. Timber coal trade continues brisk, many large consumers being now in the market for supplies. Gas coal steady at 128 61 to 13. Steam at 13'. The improvement in the chemical trade is still maintained. Soda is cuoted at 53 bleaching powder, 25 10s to ES 12s 61.

• LONDON, Thursday. The Bank rate lemaine d at 4 per cent., and there is no fresh feature in the market. Money is not plentiful. There is a fair demand for loans. The charge for them i s 3 to 4 per cent. Discount 2 business keeps firm, although there is not an animate-.i demand, and tines months' bank bills has been taken at 4 p-r cant. Paris Cheque Exchange is 2527. The Bank return is moro favourable. Reserve has increased £ 595,936, and the proportion to liabilities has risen from 34'87 to 33 93 per cent. In bullion the increase is £ 334.636, or about £ 180,000 les3 than the sum snnt, m from abroad, f whilst note circulation ba been reduced 226,300. Other securities dejlined £ 2,145,004. owing to the repayment of advance. Ociier deposits have at the same time, been lowered £ 1,455,864. Reserve stands at £ 12,272,000. That is nearly one million and a half Joss thau last year, whilst the stock of buibon, winch aixiouuts tc LZO,836,000, is about £ 1,800,000 short. On the 'i" IcIc Exchange, business during the day has been very moderate. There was u thiu attendance, and no inclination to operate. The tone was tetter than yesterday, but movements si jl;t. Consols closed at 96$to 96 for delivery, and Obi to 9Gi f,, r;23 per Ceut. 931 to 94 Local Loans Stock, lCOá to IOI5. In the maiket for Foreign Government securi- ties business was quiet. Egyptian and Turkish were firm, but Spanish wpak, and Italian gave way a little. Hungarian, Russian, French, and Portuguese were quiet. Mexican were inactive. Amongst South Americans there was a further drop in Peruvians on continued realisations. Uruguays rallied on the report that Customs duties are to bo increased 10 per cent., and to be paid in gold, tbe proceeds to be devoted to the redemption ot paper money. Argentine issues were influenced by :1 rumour than the negotintiou for new £ 10.000,0C0 by Lon-ion financial houses had beeii resumed. Altogether, a more contident tone prevails, and if)- market appears to be receiving support irimi ii)flii.»utial quarters. lu the Britisti Railway Market there was not nut much doiii, The Loudon and Souro-Western dividend is announced at tea rate of 4f. against 4 p,rV»u. 1 ast year, Tiie sum carrieu iorward io £ 25,039, agai*<st £ 25.221. The company had an u:ci j.ofd traffic "t 1;66,000. Brighton A was very firm, being influenced t y Mr Laing's ipecia yesterday. South-Eastern' A was quiet. In Scotch, Great Eastern, and heavy liues dealings were small. No particular change occurred, but the market W,.s weak until towards tho finish, when ir rallied a little, and left off firmer. For United States Railway issue?, the market was tirm 011 t.lo whole, but, owiug tu. the small amount of business doing, scarcely any changt3 occurred. There wasgsome inquiry for Denver Preference and Pacific isiucg, but scarcely any- thing was done in other shares. Canadian Railways wire firm. Purchases of Grand Trunk Preference were made to close "bear" accounts, öllJd priceR rose if to gr. Cana- dian Pacific Shares were quiet, but steady. Amongst Foreign Railways Mexican Vera Cruz were íirHl. Mexican National A and Mexi- can Central were flat. In South Ameiican Rail- ways there was no particular movement. The Nit rate Group was very quiet. Railways are rather easier. Nothing much was passing in Miscellaneous issues, nor was thera any special change. Banks were duii. Ga3 Trusts Waterworks were ail very quiet. The following changes have occurred since yesterday :— Foreign Bond?.—Rise—Argentine, 1884 and Starling, 1; do. 1836-7. i; BuelJo Ayres Cedulaa A, 1 do, 1; and P, 2 d". I ana K, Egyptian Unified, 1 lo; Grecic, 1G81-4, j M-xicau, 1633. Portuguese, Uruguay 5 Pd- Cent.,1^; and do., & p.u-Cent,, 12. PicL A, l; rio. JLS, 2 £ Eayp'i-v.i Preference, Entre Rios Cenlml Railway Mortgage, 2; Italian, g Peruvian, 1870, j 1872, Spanish, Turkish Group, 2 15 16 and VetH zue'a, 2. British R¡\i:wavs.-H.¡I-U:1¡eùqt1i:m, å Brigh- ton A, 1; Chatham Preference, £ Metropolitan DiRt'iC', 1 Midland, g; North British Ordinary, N and South-Eastern A, 3. Fall—Great Easterll, if; Great; Western, £ Sheffield Deferred, » ;11:(: North British Prefer. Ui ctJ, g. Canadian Railway.—Rise—Canadian Pacific Shares, Grand Trunk Ordinary, 1-16; do. First and Second Preference and do. Third Prferne, g. Americnn Kail ways.—Ri^e—Denver Shares, do, Prefert-nce, i Like Shore, k; Secuid Mortgage, New Y"rk Ontario, i; Atlantic First Mortgage, A Union Pacific, i and Wabash Debentures, i, Fall—New York Central, j. Foreign Railways.—Rise—Mexican National, 2; do. A and B, 1 Ni'rata Shares, t. Mines.—The Mining Marker, was quiet. Fer- reiras and Spe« Bona were flit otherwise the tone was fairiy steady. —Oceana Land, n; Transvaal Land, 116; Johanesburg Pioneer ;å, to 2j; Simmer and Jack, 116; London ana South African Exniora- t.i'in, Bechuanaland Exploration 5-32, to 1 3 16 The JOxpI uarion 3 16, tv 2 5 16 t in. Rio Tiok k. to 22 15 16. Fall—Snes Bona, g My-ore Go! i, 116; V^rrtijr,,x, J; C,il)ii Copn-jr, 1-16; Orientiil New În i B.i.'kas 1«16, to g. Atthn Bank £ 138,000 bar gda was bought, and £ 100,000 withdrawn f,)i. Lisbon. Silver w;. dull bars, 49J 1. Rupee Paper was quoied at 82^ to S2| for Four-and-a-Haif per Cents., aud 81k to 81 for Four per Cents. The Rates telegraphed from the East were Bombay and Cdcutta Telegraphic Transfer. 1=! 7&d Hong K"'1 four months' bill, 3, 7 i Shanghai do., 4; 11J i. The North-Eastern dividend was 6f, against 6k 4 p^r cent, last year. Metropolitan District was H, per ceut. on Preference, with £10.182 forward. L-ast year there was no dividend, and £7.180 Wild carried forward. Bank of New Zealand Estates Debentures were quoted nominally 2 to 4 premiur< The subscriptiou list for the LI%WO)CCO Canadian Pacific Railway Company 4 per Cent. Debenture Stock was closed at noon to-day, the applications exceeding the amount offered, [KECTERS TELEGRAMS.) PATUS, Thursday,—There was again very little hnsinews done on to-day's Bourse. Rentes were 7c. to 10c. higher, both for money and account. I, ali,HI R" ntes reooded 12bc; Suez Canal Shares, 5-. Spanish Stock, Cer cent. and De Beer Shares, 6f. 25J. Rio Tinto Shares were firm at an advance if 4f. 1350. Cheques, 25'27. Private discount 2g per cent. BERLIN1, Thursday.—Tbe Bourso was quiet for international stocks, and there wero ouly occa- sional and fractional changes to report. Soma activity was displayed in Joining shares, notably in coal shares, owing to re-purchase by the "bears," ani by speculators for the rise. Money or loans was easier. Private discount per cent, lower, at 3 per cent. Short Exchange on London, 28-41 £

SOUTH WALES FINANCE. THuRsDAY, July 24. The Tail Vale Railway dividend was to-day decided upon by the directors, who will recom- mend the shareholders to agree to a distribution at the rate of 3 per cant. p"r annum. The balance carried forward will be £319. It is an imperative necessity that the dividend should be not less than 3 per cent., for, if it were lower, the preference securities of the company would fall out of the rank of trustaw*Investments. As has been previously stated, the Trust Invest- ment Act, 1869, empowers trustees to invest funds in (timong other securities) the debenture, rent-charge, guaranteed, or preference stock of any railway company in the United Kingdom, having during each of the preceding ten years cefcre the date of investment paid a dividend at the rate of not Jess than 3 per cent. per anuum on Its ordinary stock." We are informed that, especially in Bristol, very large amounts held in trust have been put into Tail preferences under the powers of thie &e;t imci that therefore powerful influences Wat, tho directors to keep up the status of their stocks. When the statement of accounts is issued there will be very close scrutiny of the figures in order to arrive at an understanding how the 3 prr cent. has been made up, for strong conviction prevails that not more than 2k can have come from actual earning?, and that the balance must have been made up from reserves. This is, however, little more than speculation, although based on the traffic returns. Mention of traffic returns leads to reminder of the fact that we have now entered upon the period when the returns will compare, not as hitherto, with a pre Barry time, but with the times of competition. For five or six weeks the comparison will not be so marked, but thereafter the returns must be re- garded as contrastad with what must henceforth be the normal state of affairs. For the second half of 1889 the dividend distributed was at tfco rate of 4 (10) per cent. per annum. That this was not a full indication of the altered state of business is to be seen from the new dividend, and each week, now, as the traffic rpturns aro studied, they should be considered as put in comparison with a period when not much more than 3 (7) per cent. was earned, the corresponding period of last year having given the Taff Company only about four months of Barry opposition in its fulness. Considering the present price of the stock in relation to the dividend just decided upon, very diverse opinions are expressed. Whilst on the one hand the 3 per-cent. is held to warrant a higher price than 71, that figure is, on the other hand, held to be above the market value of the stock. With the reasons advanced on both sides we shall deal in a future article. All that need now be stated is that, in the present condition of doubt, the announcement of dividend is hardly likely to influence the market one way or the other. The great question put is-How is the amount of dividend money made up ? Does it contain a heavy draft from reserve?, or is it made up solely from earnings ? These questions can be answared only when the statement of Accounts is presented. Taff stock has been offered to-day at 71, but without finding buyers, a fact duo more to the utter lack of business generally than to any other cause. There is scarcely any movement at all. Barry's are offered at 195; but no purchasers come forward. Tho price will, it is said, have to go lower if business is to be done. Hancock's fractions are better, to-day's dealings having been all at 30-. Tha new shares have been dealt in at 4i and 4. The Rbymney dividend, which also was resolved upon to-day, and is at the rate of 7 per cent. per annum, is most satisfactory, for it shows an improvement upon the dividend of the preceding half-year, which was at the rate of 6 per cent., with £ 2,283 carried forward. The sum now t, be carried forward is X658. Notwith- standing the loss of traffic and reduction of rates which has during the past half-year caused a reduced income of close upon £ 9,000, the Rhymney management have been able to improve their dividend distribution, and the position of their stock in the market is likely to bo therefore strengthened. Rhymney Ordinary Stock to. day, with the dividend at the rate of 7 per cent., is 13n. Tho Barry directors-meet to-morrow (Friday), also to consider the question of dividend. It is generally accepted that the amount resolved upon will be at the rate of 10 per cent. per annum, The earnings certainly justify this, and more, for the position is such that if the board wished to .announce a sensational dividend they might fairly do so. They held in hand last half-year enough to have paid nearly 4 per cent. more than was distributed par cent.); and as the earnings during the first six months would have permitted a distribution of 9i per cent., the earnings of the half-year just ended must have been more than 10 per cent. The market position of the three local railway stocks is peculiar; for the purpose of comparieon TalLo¡ are restored to their old denomination, B250 new ordinary equalling £100 of old stock. Stock. Rate of dividend. Market value. Taff 71 177 Rhymney 7 1371 Barry 10 195 No better illustration of the force of habit and the influence of reputation could ba afforded. The comparison indicates which way profit lies. It is the labour question which is absorbing attention just now, for indefinite suggestions of a great strike or lock-out are current in every direction, and there is talk-only too likely to stir up ill-advised action—of a confict with the whole body of wage-earners, "once for all, and have done with it." If matters are dealt with in this spirit only mischief can ensue, it being im- pos3ible to disguise the iact that organisation of labour is so far advanced as to have entirely altered, the conditions of negotiation. The in- fluences which make for industrial peace are more powerful when both capital and labour are organised than they can be when either side remains in chaotic confusion and they make for peace because skilled and ex- perienced leaders on both sides take in band the adjustment of disputes. It is not too much to say that a strike in the coal trade at the beginning of this year was avoided by the influence of the men's leaders npon their constituents, t\ey having fuller knowledge of the condition of trade, and knowing how far to push demands, and where to stop. So with all classes of dock or other such unskilled labour. Organisation has in it the elements of more satisfactory regulation of work. Extravagant demands cau be best pruned down by th" medium of the men's leaders, who, to do them justice, are full well ^vva.re of tha unsatisfactory outcome, of resort to strife, and who, therefore, are usualiy earnest to prevent strikes. The meeting of to- day, wherein 8-ine attempt will be made to com- bine employers' interests, has also a tendency ta peaceful solution, for whilst preventing attack and defeat in detail, it will also enable employers to estimate both their own strength and weakness. No good can be "done co either side by tall talk indeed, the danger is that indulgence in this luxury may precipitate a crisis which all are anxious to avoid. It would be intolerable— especially, in tlJo present state of steamship trading—that vessels should be delayed from five o'clock on Saturday till Monday morning, merely because the men would not work an hour or two extra to complete their loadiug. But this—and points like these—should not be beyond the power of arrangement by a representative com- mit te". Messrs Thackeray and Company, Cardiff, report as follows Barvys, which had been rather stronger in ths early part oi the week, have been considerably offered yesterday and to-day at slightly lower price, nrobably on the fe tr of an extensive strike with the men. ];h;, uiiievs have been quiet, while Taff Vales have ciian^pd hands tv a moderate extent, the dividend announced to-day of 3 ppr cent. being fully up to ex- pectations. lihoudila and Swansea Bays have been less active. In Preferences a considerable business has been done in Taff Vale 4's. Debenture Stocks have been less active, with the exceptiea of Bute Docks, Brecon and Merthyr B's, and Taff Vale 3's. Bank Sh irt;s are quiet, there boinj: only a few transactions to record ill National Bank of Wales and South Wales Unions. In Gas, Cardiff C and D, and Bridgend Gas 1'nii Water have teen done at somewhat lower prices. Dry Dock Shares are in better request. Iron and Coal somewhat idle. Hancock's Brewery Shares are now quoted ex dividend and New, and thoy appear worth attention at the current price, about 2bi. There are buyers of Hancock's allotments and fractions; Cardiff Junction Dry Dock at 20; Parker's Burslem Ordinary, and Rhymney Iron 5 per Cent. Debentures. Sellers offer—Uskside Ordinary (offers wanted), South Wales Union Bank, Bank ot Wales, Now- port Annuities, Bland's, International Coal at 5; Bristol and West of England Bank, Stevens' Preference, Western Counties Telephone Pre- ference, London and Provincial Bank Shares at 19|; and Cardiff and Swansea Colliery at 30i.

DAILY STOCK AND SHARE LIST Supplied by Messrs THACKERAY & CO Stock and Shire Brokers, 3, Dock Chambers, Carditf. RAILWAYS Paid. Prices Stock Barry Dock and Railways.100 ..194 196 10 Do New. 6 15 15i Great Western 100 ,„lfc3 1M London and North Western .100 ..181 182 „ Midland 100 ..14V 143 10 Uhondda and Swansea Bay 10 1?. 12 10 do New 8 10 10t Stock Rhymney ,.10J ..135 140 Severn and Wye -100 b H „ Tatf Vale Divided Stock .100 71 72 10 do inew 8 14j 15 PREFERENTIAL Stock, Barry Dock & Ry First Pref.100 ..133 1,55 10 Do 2nd 7.. 10 IOJ 13A Stock, do do 3rd ..100 1261 127* Stock,Brecon 4 Mer. lstPref.1861 ..100 -.106 109 Do 2nd Pref. 1862.. 100 93 95 „ Cambrian, No 1, 4 p. c 100 69 71 „ No 2, 4 p.c ..100 ..42 43 Great Western Consol 5 p.c.. 100 ..158 160 10 Pembroke do Tenby, 5 p.c, 1864. 10.. 7 7 10 Rhondda & Swansea Bay 0 p.c. 10 12i 13!- 10 Do 5 p.c. 8 10j lli Stock,Rhymney 4 per cent.Consold.l09 .115 117 „ Tatf Vale 4 per cent. Consold.100 ..114 115 GUARANTEED AND LEASED 50 Aberdare Railway 50 ..142 144 Stock Great Western, 5 p.c. guar. 100 ..158 160 „ Penarth Harbour, Dock,and lty100 ..154 156 Som. &Dorset(BathExtension)100 ..110 112 RAILWAY AND OTHER DEBENTURES. Bonds Barry Dock & Rly 4, p.c.100 ..117 118 Do. 4 p.c -100 ..116 118 Stock Brecon & Merthyr A 4 p c.100 ..108 110 Do.. B 4 p.c.100 99 101 Stock Bute Dock 4 p. c 100 ..110 110 £ Cambrian A 4 p, c 100 ..1194 120 1 Do. B 4 p. c ..100 llli U2i Great Western 5 do 100 ..153 160 Midland dper cent: 100 99 Mil Mid-Wales A 4; per cent 100 ..115 1i8 Milford Dock A 6 percent 100 84 88 Neath ifc Breconlst ..100 ..102 104 Rhondda & Swansea Bay 4 p.c. 100 .109 111 Rhymney 4 ditto .100 ..123 125 Somerset and Dorset, No. 1.100 .149 151 7- „ Xaff Vale 3 p.c,„ -10Q 94 S6 BANKS. 20 Bristol West of En.,Iand,Liin 7A16} 17ixd 100 County of Gloucester, Lim. 2b.. 68 70 30 Glamorganshire, Lira 2.. 4 4i 5 Glamorganshire, LeI., Pref. 2.. 5 5* 10 London and Provincial, Lira. 5 19 20 20 NationalBank of Wales,Lim. 10 14i Ibi xd 20 do 7A.. 12 121 xd 7S National Provincial, Lim. 10A.. 47 48 xd to in-,ttional Pi-ovincial, Lim. 12 55 57 xd 40 North & South Wales, Lim. 10 32 33i xd 20 South Wales Union, Lim. 7 11 1l xd GAS. 10 Aberdare 10 14i 141 Stock Cardiff A 10 per cent 100 20 i 215 Do. B 8 per cent .100 ..165 1175 Do. C 7 per ceiir 145 155 Do. Gas 1) 5 per IU5 110 1C Lynvi Valley 10- 9J .10.1 Stock Newport A 10 per cent 100 ..200 2u5 Do. B 7± per cent. 10'J ..150 155 Do. C 7 percent 100 ..140 145 25 8waiisea 71, per cent. 25 31 -,3 25 Do. 7 percent. 2o Soi 6 21 GAS AND WATER. 10 Barry aiul Cadoxton .10.. 15: 16 JO Bridgezid 10 ioj 12 Pontypool (Max. 10 p c.) 12 17 17 10 Ystrad A 18 19 WATERWORKS 25 Bristol 25 «. 56 57 20 Do 20 442 45± 10 Neath A lo 16i 17i 10 Pontypridd 10 16 20 Stock PontypriciLl b per et. Pref 100 ..120 125 COAl, AND IRON. 10 Cardiff and Swansea Colliery 10 U l 10 D. Davis & sons, Limited. lQ 11 23 Kbbw Vale Steel,Iron, <fc Coal 20 64 61 5 Great Westcm Urd. B 5 bi 7i 5 Do New B 4 Q by b Do. Pref. A b.. &t 9i 10 H. H. Vivian & Co. A Pref. 8 5 Ó 5 International Coal 5 bi 6! 100 Miller it Cory 6 p.c. Debs 100 ..105 107 62 Nantygio & Blaina Iron Pref. 622 ba to 10 Newport-Abercarn ..10.. 9 9i 10 Do. Participating Pref.10 10i 11 5 North's Navigation Colliery 5 44 5 5 Rhymney Iron b 1 lixd 5 Do. New 4±. £ 1 X(i lCO Do. 5 p.c. Mort. Debts.. 100 bl 9b 17 South Wales Colliery A 17 74 81 3 Du. 10 per cent. B. 3 31 4k 3 Do. New B H.. lit H 50 Tredegar Iron and Coal A.. 36 19,( 191 25 Do. B.. 25 Ib 17 MISCELLANEOUS. 20 Alexandra Dock & Railway.. 20.. 1b 16A Stock Dit.to4ip.c. Pref 100 100 103 1 Blaiici k (;o,. I.t,l 1 1 10 Bristol Brewery Ordinary 10 31 .32 10 Do. 6 Preference 10 14i ib 10 Bl. and So. Wales Waggon 3 5i 52 bO Bute Dry Uock 1:10.. 4144: stock Cardiff Corporation 32 p.c. 100..IU1 108 5 Cardiff and "enarth Tramways v 5. 31 3i 50 Cardiff Junction Dry Dock 40 205 22 25 Cardiff Workmen Cottage 25 36** 37 7 G1 o ster Ry.Car.<fcWag.Ld. A 7 9| 10 W. Hancock dc Co., Ltd. 10 26 27xall 10 Do 6 p.c. Pref. 10 131 13 Stock Do 4), p.c. Db. :tock 100.. 106 107 20 Hill's Dry Dock. 16.. 8i 91 10 Milford Dock 10 1 li 50 Mountstuart Dry Dock. 4o 51 t4xd £ 0 Do B 20 .„ 2§ 27xd b Newport Tramways ia 7i 1:12 Do Water Ll Annuities 2ot 26j 50 Penarth Shipbuilding 50 40 42 10 Provincial Tramways 10 42 5} 10 Do 6 per cent. Preference.. 10 10 10A 10 Royal Hotel per cent 1C 91 loix(I to Spillers & Bakers Ordinary.. 45 87 90 10 do 6 p.c. Pref 4 6171 5 Thompson & Shackell 5 516 10 Tuckers James Ordinary 4. 31 4 xd 10 Do. Do. 6 p.c. preference 4 31 4 xd Stock Swansea Harbour 4 p.c..Stock 100 93 100 l W'st'rn Counties TelepnoneOrd. 1 6s 8s 5 Do do b p.c. pref. 5 Ei 51 50 Windsor Slipway 45 15 17 Bapl; rate 4 per cent. fixed 26th June. THERE ARE SELLERS OF 20 Parker's Burslem Brewery Ord. Sharesj 20 Stevens & Sons' Prd. 11a.re, 50 Westorii Counties Telephone Pref, Shares £,5.00 Barry Duck Stock 16 Loudon & Provincial Bank Shares, at 191 25 Cardiff & Swansea Collieries, at 30s 10 Cardiff Junction Drv Dock .shares £ 100U0 Rhymney Ry. Deb. Stock 10 Stevens it Son Ord. Shares, at 2, prem E iM Cardiff Gas C Stock with div., at 1474 lo Nell's Brewery Ord Shares (C3 paid), at £1119 td 30 Provincial Tramway Pref. Shares £ 20a Neath & Brecon Ry. A Deb. Stock n5 Barry Graving Dock Shares, at Ell 5 Bute Dry Dock Shares, ai lj2 is Tucker's Ord. Shares (i; I paid), at E3 16s 3d 20 South Wales Colliery A bares, at £'1 16s 3d 10 Peurikyber Colliery Pref., at Is 3d prem 20 Great Western Colliery New B Shaies, at 5i 13 Spillers & Bakers 6 p.c. Pref. Snares 3 do Old Shares. at ôH 30 South Wales Union iianks, at lljxd THERE ARE BUYERS OF £ 600 Rhymney Iron 5 j.c. Debenture Newport Water Annuities 20 Bland Shares, at lis 6<1 i;1000 Bute Dock 4 p.c. Debenture Stock 10 Rhondda J; Swansea Bay Ry. Shares, at JS12 6s 3d £100 Brecon v, Merthyr Ry 18J Pref. stock, at 94 25 Barry Dock 2nd Pief. Shares, at £13 20 Lund on & Provincial Bank .Shares 5 Newport Abeicirn Colliery Shares, at 9, £50iJ Rhymney Ordinary Spillers & Bakers New Preference Barry & Cadoxton Gas & Water Allotments.at 34 prem Allotments iu Hancock Brewery Shares negociated THACKERAY AND CO., CARDIFF, STOCK-BROKERS, 1059

E. T. LYDDON & COMPANY, STOCK & SHARE BROKERS, POWELL-PLACE BUT15 DOCKS CARDIFF. ON SAL 10 1010 5 N ells Ord. Shares, at 2i.. prem £ 500 Barry Ordinary tod: hi) Cardiff ifc Swansea Colliery Shares 4 South Wales Union Bank Shares Hancocks New S Li a r, £ 40J Barry iistate 4A p.c. Debentures, at 104 £;9 Taff Vale 4 p.c. Pref. Stock 300 Barry Dock 1st Pref. Stock, at £ 134 cum div 10 Cardiff Pure Ice A Shares 30 Hai cock & Co. Pref shares £ lr>C Penarth Harbour Stock 20 Barry & Cado ;ton Gas Water Shares, at 16 £ 75 Barry & Cadoxton Gas A Water Debenture stock D. Davies & Son's Ordinary Shares WANTED Bridgend Gas & Water Ordinary Shares, at 10i 5 (10 do Preference Shares, at lli Cardiff Junction Dry Dock Shares £ 5U0 Alexandra (Newport Dock) 4 p.c.Deb, Stocfc 1 Spiller & Bakeis Old Share Rhondda it Swansea Bay Ordinary Shares Newport Tramway :-Sha.re, ¡Lt £8;( ;0 Spiiiersand Bakers' New Pref. Sharas Barry & Cadoxton Gas & Water Shares E. J. EVANS, STOCK & SHAREBROKER 32, ST. MARY-STREET, CARDIFF. 1067 GEO. THOMAS, STOCKBROKER, VIISNNA CHAMBERS, BUTK DOCKS, JARDWF BUYERS 1072 Hancock's New A1JOItllfJlF." 10 Cardiff Junction Dry Dock Shares, at 20 10 Carmarthen Brewery Shares 10 Cardiff fee A Shares Searle & Herring Shares i;100 Barry 3rd Preference Stock, at 127 bO Glamorgan Bank Prefs Rhondda & Swansea Bay Railway-fully naid 2., Spillers A- Bakers New Preference 15 Swansea Uniteel Breweries Cardiff Junction Dry Dock Shares SELLERS, 5 Spillers & Bakers Prefs 20 Swansea Dry D ck Shares 8 Carmarthen Breweries, at 2 prem. 20 National Bank of Wales 20 International Colliery Shares Barry Debenture Bonds Hancock's Prefs. FLEMING S. & J. G. THOMAS, STOCKBROKERS EXCHANGE, CARDIFF (Telegraphic Address, "Fleming, Cardiff.") H83 ON SALE. Hancock's New Allotments, at 5 2(1 international Coal, at 5i Bristol A West of England Banks Barry Ord, Stock, at 19J Hancock's Preference 53 Swansea Pavillion Sliares-offeys wanted £ c03 Royal Hotel Ordinary £ 300 Midland Ry. Ordinary £100.) Great Western Ordinary Barry 4 p.c- Debenture Arrow Patent Fuel shares 10 National Bank of Wales Shares WANTED. Hancock's New Allotments, at 4 Parker's Burslem Ordinary Mountstuart A Shares 50 Parker's Burslem Pref London & Provincial Bank Shares Spillers &I; Bakers New Pref THOS. F. PEARSON, STOCKBROKER b, DOCK CHAMBERS, BUl'E DOCKS, CARDIFF Telegraphic Address, "Gedge," Cardiff. SELLBITS. -Cardiff Gas C Stock Bristol ilz West of England Banfcs 1 Siiaae ss. Aberdare 1 Share ss. Gardepee Wood Bro.'s Shares 20 Cardiff & Swansea Colliery Shares Consolidated Bank of London 10 £10 Spillers & Bakers Ord. Shares 1 Share s.. Benefactor 40 Frome Brewery Ordinary £500 Barry 4 p.c. Debenture Stock Taylor <fc l;o.S Shares BUYERS.—Hancock s New Slis. & FractiouSnegotiated Hancock & Co. Debenture 30 Carmarthen Brewery Ords., at 35s prem Cardiff ice Shares I D. Davis & Son's Debenture South Wales Union Banks B500 Barry Estate Mortgage Debenture iMountstuart A Shares P A it S O N S AND ROB JLi NT STOCKBROKERS, NEWPORT, MON. Telephone No. 21. Telegrams "Robjent, Jtowport." ON SALE, 1086 40 Uskside Ordinary-offer wanted It 40 South Wales Unions 20 Bank of Wales Newport Annuities 25 Elands <-C C 25 Arnold's Brewery Pref at 10. 35 Lloyds, at par 20 Bristol West of England Banks, at 174 < 20 Searle & Herring Brewery 5lJ Arnold's Hrewery, at 13i 3 Hancock's Ord.—offer wanted ,< 15 Nell's Brewery Prof.-offer wanted 50 International Coal-offer wanted ;1:£1' 20 Spencer's Ordinary, at 113 10 Showell & Son Brewery, 12g £ 2300 Brecon ez Merthyr Ord., at 11 £ 100 Ely Brewery !i p.c. Debenture bG.Greac Western Colliery New B £ li 10J Rhymney New, at 18s bd 20 Rhondda & Swansea Bay Ordinary WANTED. 10 South Wales (Jnion Banks J: 100 Searle & Herring Shares q BUYlmS AND SELLERS. Hancock's New ct Fractions E. B. SIMS,STOCK & SHARE BROKER, POWELL-PLACE, BUTE DOCKS, CARDIFF. 5331 Telegraphic Addres'r, Shares Cardiff- BUY ICRS. Mountstuart Dry Dick A Shares, at 53; 3 Bristol & West of England Bank Shares SELLERS.-70 lthy. Iron New, fully paid 5 Penrbiwceiber Colliery Shares, £ 3 paid 25 Cardiff & Swansea Collieries, at 33s 9d BUYERS & SELLLRS I Hancock Allotments & Fraction* ;.1\ TREGERTHEN DUNN AND CO. (Telegraphic Address, TREDUNN, CARDIFF), STEAMSHIP SHARE BROKERS & AUCTIONEERS MERCHANTS EXCHANGE, DOCK-, CARDIFF ON SALE— 1 £100 Share Walter Thomas ss. Co., Ltd 1 64th ss. England, 1 64th ss Penzance, 1 64fch ss Jthiwderin, 2 64ths s Redbrook. 2 £100 Shares Anne Thomas ss. Co., Ltd 2 S100 Shares lolo Morganwg ss. Co., Ltd BUYERS. Orientals, Marychurches, Cory & Sons, Brittanys. Osborne & Walhs's, dz others. MONTHLY AUCTIONS OF SHARES HELD. ENTRIES SOLICITED. 1156 J. W. COURTIS, STOCK & SHARE BROKER, BANK BUILDINGS, ST. MAUY-ST.,CARDIFF. 1145 Telegrams, "STOCKS, CARDIFF," Telephone. No. 5bl. BUYERS. 20 Rhondda & Swansea Bay Ry Ord 20 Spillers & Bakers' New Pref. Shares at 17s 6d adeliti tal prem Business both ways in Hancock's New Allotments & fractions SELLERS. Taff Vale Stock Spillers & Bakers' New Ordinary B500 Barry Ordinary Stock 10 Nell's Ord. Shares 10 Cardiff Pure Ice A Shares 10 Nell's Preference Shares 20 Penrikyber Preference Shares 2 Hancock's Ord South Wales Union Bank Shares National Bank of Wales, £ 10 paid Pearce's Brewery Pref. Shares EIOO Barry & Cadoxton Gas & Water Deb. Stock Nicholas & Co.'s (Newport) Shares Ilauccck's Preference Shares SOUTH WALES (SWANSEA) MARKET SUMMARY MID AND END MONTH PER HERBERT RAKIi, STOCK BROKER, SWANSEA.

-=- RAILWAY TRAFFJC RETURNS FOR THE PAST WEEK. 1890. 1889 In. De. Metroriolitan 1372o.. 13160.. 565 Lancasnire and Yorkshire. 87050.. 50M Cambrian. 4412.. 4309, 103. I Brecon and Merthyr If,33.. Ibbl.. Si. lit)uth Eastern 46912,. 4b5 -9.. 1352. I Midland 172212, 153246.. 13366. Talf Vale and Penarth Rail. 13830.. 16624 2744 Rhymney- 3029.. 4010 1010 Metropolitan District 7604 6971.. 633 London Brighton, and S.C. 497 0.. 476b6.. 2074 London & South Western. 68920.. 67770. IliO Great Western.- 18032C.. 177170.. 3150. London & North Western..2S4117.. 12.e;7,9.. London, Chatham, & Dover 31905.. 31766.. 139 Pembroke and Tenby b78.. bn.. 7. Great Eastern 84828.. 7fc6b6.. 8172.

I LATEST MARKETS. court. BIRMINGHAM, Thursdav.-There was but a, small attendance at to-day's market, and little English wheat on ale, for which Id per bushel more money was realised. The foreign wheat trade was firm, and no alteration in price. Grinding barley, maize, and beans made 3d per qr more money. Oats tirm and un- changed. BRISTOL, Thursday.—The market was thinly attended this afternoon, 'lhere was no English wheat olfering. Foreign firm at last week s prices. Gi inding bariey 3d h'gher. Round maize, with heavy arrivals, has been offering at prices considerably under shipping values flat, 3d dearer. Oats firm, and Irish blacks, continuing very scarce,have: been at extreme prices during the past few days. The corn trade has ruled dull owing to a lot of fine weather. CATTLE. UEPTFORD, Thursday. Bsasts. 1.118 American. With a moderate supply trade was firmer, at about ld per oiLs advance. Top value 4 3d, an 1 occasionally Is 4d per 8 lbs. Sheep, 1,937 Dutch—trado rather slower, but rates a shade firmer top value, 5s 4d to bs bd. Calves, 578 Dutch—slower trade with rates favouring buyers best quality, 5s 4d to 5s 6d. LONDON, tlmrsday.— The iiu rber of beasts is about equal to last Thursday's supply. Trade all through was tinu for both British aud Canadian top value, former 4s 8d to 4s 10d, and latter 4s 2d to 4s 4d per Sibs, Much shorter supply of sheep and lambs, especially the latter, which met a better demand at 2d advance. Sheep steady at late vaines. Cal ves firm. Pigs slow. Milch cows, £ 15 to 222 each. Heef, 2s 4d to 2s lOd mutton, 4s 6,1 to 6s veal, 3 4d to 5* 8d pork, 2s 6d to 45 lamb, 6s to 7s 6d per 81bs. Beasts, 460; sheep and lambs, 4,510 calves, 130 pigs, 70 including foreign—beasts, 2ï0 sheep, 40; calves, 20. BIRMINGHAM, Thursday.—Beef, bit to 7id mutton, 7d to 71,1 few, 8*d lamb, oid to 9d veal, 6d to 8id per lb. Bac .n pigs. 8s 9d to 8s lOd sows, 6s 3<1 to 6s 9d porkeis. 9s f,,1 to 10s per score. BRISTOL, Thursday.—There was a moderate supply of fat cattle, chiefly Canadians, which sold at ta3 to Ó3:i per cwt. Three hundred and tifty States were soH during the week at 54s to 60s. An average supply of mutton, but trade slow-wethers, 8d to 8J;dper pound owes, 7d to 7sd. The lamb trade was dull, and a moderate upply solll at 6d. A few pigs—baconers,8s 9d per score porkers, 9s 6d to 10;. Five hundred store cattle sold at late rates. PRODUCE. LIVERPOOL, Thursday.—Sugar firm—No. 1 crystals, 18.; 9tl No. 2, crystals, 18s. Beet—July-August-, 13s 9d Sept., 13; 3d; October-December, 12s 3d buyeis. Coffee aud cocoa quiet. Itice-cargi) of Ngankouyk, Nagtsein,and Moiiimein done at 7s 4;d c.i.f. Castor oil easier, at 4d, Linseed firm. Hemp—July-August, £34seHcrs. Lard—poor demand, at 30s to 30s 3d liearess value. Palm oil firm. Turpentine, 32s 9d. Resin—finest, lis. Taliow, 24s 6d to 24s 9d. Petro- leum and nitrate unchanged. LONDON, Thursday. Sugar—fair bnsinoss in re- fined at steady prices foreign dull beet opened dull but closed rather tirmer-July sellers, 13i lC>d August, 13 9ld September, 13s 3d buyers, about l^d less October, 12s 5id buyers, 12s 4id October- December, 12 4\1: buyers, 12s 3d January.March, 12s 6d; buyers, 12 i cane quiet but firm- crystallised West Iudia repoted sola at 16,. Coffee quiet IUL steady Uio futuras rather irregular—July, 77s 9d, down to 73i March-May Santos, 3d to 6u 1 lower—July-September, E6s 6d to 77s May. Tea quiet —new season's monings sold 5|d to 10jd Indian irregular good Ceylons in request inferior ciall sale. nice-nothing doing. Jute without change. Tur- pentine, 32s 9d. Ameiican petroleum, 5 7-luct; Russian, Sid spot. BUTTER. CORK, Thursday.—Firsts, 72s seconds, 67s thirds, 63s fourths, 49- Mild-cured firkins—superfine, 77s fine, 71s; mild, 67s. Do. kegs—mild, 69s. In niasket —1,249 firkins, 272 mild. CHEESE, CAERPHILLY, Thursday.—There was a good supply of new cheese pitched in the market to-day, and it was supjrior in quality to anything presented at previous markets. Farmers experienced no difficulty in obtaining good prices for the excellent quality thoy offered for side. Business was brisk, and the whole was sold and cleared out early, at the following quotations :—Inferior makes, 5s to 54s mediums, 56i superior makes, :bBs per cvvt. average selling prices, 56s to 57s psr cwt. UGAR. GLASGOW, Thursday.—A good business has been done at pricei generally 3d under late highest point. The oilii;;al reporr. state-—There is a better demand at steady to slightly easier pricos. .FISH. GiuM.shi Thursday.—Ninety smacks aud six steam- ships arrived. Them was a good supply. p, 171J to 20s; level, la, to 13s; lemon, 20s to 30s solns, 100s to 150s haddock. 4s to 5s dead whitin", 6s to 8, per box turner. 6s to 8s; brill, 3. to 4s lint:, 2s to 3s; dead, Is to 2s cot?, 6s to 4s skate, 2s to 3s dead. Is 6d to 2s each hake, 40s to 6C-s dead cod, 403 t6: 6'Js crabs, 3s per score halibut, 3-; to 5s; dead, Is 6d to 2 per stone salmon, Is per lb. DEAD MEAT. LONDON, Thursday.—Fair supplies on sa-Ie. and trade generally slow, owing to the warm weather.—Beef, 2s 4d to 4s; prime Scotch do.. 4s to 4j 2d; imitcon, 2s 8d t, 5s 4d veal, 3s 8d to 5s large pork, Zs to 3s 8d small do., 3s lOd to 4s lamb, 58 4d to 5s 8d per a lbs. IIAY AND STRAW. LONDON, Thursday.—Supplies continue on a very moderate scale, ind trade is quiet, but firm for best qualities. Good to prime hay, 60s to 95s inferior (to. 26s to 50s. Good to prime clover, 7b to 100s inferior 45s to 73s. Straw, 20s to 40s per load, s WOOL. BRADFORD, Thursday.—There is only a dull inquiry for all clas-es cf raw material, but the recent rally in prices is maintained and iba market relieved from the recent depression. In worsted yarns spinners have become etter employed of late, and prices are a turn dearer, but new business, especially for export, is scanty. Tbero is a moderately good tone in the piece trade. LONDON, Thurs(lay.-13,.78 bales brought forward this afternoon, comprising 4.642 New South Wales, 2,015 Vicorian, 1,995 Now Zealand, 1,543 Cape and Natal, 1,471 Tasmauian, 1,242 South Australian, 269 West Australian. Sales concluded this evening with a firm tone, the recent advance on most goods being fully maintained. The next series is fixed to open on the 16th September, the probable net quantity for sa-Ie being estimated as about 230,000 bales. METALS. LONDON. Thursday.—Copper, no business was done buyers, B57 17s 6d, sellers, £58 cash £.58 10s nearess fo" three months. Tin wc-ak—Straits, JE94 53 to £ 94 cash £ 94 23 6d 11th August B94 10s three months. Spelter—nearest, £ 23 5s. Spanish lead, £ 12 15s English, S12 17s 6d to £ 13. Scotch pig iron steady at 45s 6d cash 45s 9d one month. Hematite nominally 52s 9d. Clcsiug report—Copper easier, at £ 57 15s cash; £ 58 5s three months. Tin weaker—Straits, S94 15s rash JE94 5s three months Australian, £93175 6d. English ingots. £98. Spelter, B25 5s. Spanish lead, N12 15s English, S12 17s 6d to E13 sheets, £14. Scotch nig iron done at 453 lid cash 46s 2d "ne month. Quicksilver unaltered. GLASGOW, Thursday.—Market tirm: good business was done at 45s 7Ad Co 4osjlld cash 45s 9d to¡q6. !>,t<1 one month buyers, 45s lid c'lsh; sellers, 46s. Middlesbrough done at 4R 3d cash buyers, 43, 3d cash sellers, 43s 6d. Hematite done at 53s 3d to 53-; cash ;buyers, 52s lid cash sellers, 53s.

SOUTH WALES TIDE TABLE. CARDIFF* SWANSEA.t NEWPORT; Mor Evil. Hgt. Mor. Evn. Hgt.iMor. jEvn. j Mgt- 21 M 9 39 9 54 31 8 8 47 9 5 28 10 9 6210 732 1 22 T 10 1110 28'30 11 9 25 9 39 27 1910 24 10 41 31 4 23 W 10 44 11 0 29 10 9 5610 15 27 010 5711 13 30 3 24 T 11 1811 36 28 7 10 .:4 10 55 26 211 3111 49 89 0 2b F 11 59. — 23 111 17li 3925 7 — 0 12 23 6 26 S 0 25 0 5b 27 7 — 0 8 2b 7 0 38 1 9 2S 0 27 S 1 29; 2 6 27 3 0 34 1 10,25 7 1 42; 2 19 27 a 78 M 2 47| 3 2327 9 1 lb! 2 3l|26 3 3 01 3 41 23 i Roach f Prince of Wale.* Jils. IAkt)XA,.drA

WRECKS AND CASUALTIES. fSFKfIAL TKLKGUAMS FROM LLOYD'S AGENTS. | The barque Beta, from Quebec, for London, passed Dover on Wednesday in Low. with loss of foretop- gallant-mast and royal yard, mizentop-mast, and heavy list to port. A telegram from Liverpool states that the steamer Harold of Liverpool, on tlier 22nd, at Widnes, carried away all blades of her propeller by a steamer flagstaff bending over guard. The ship Iolanthe, of Liverpool, collided with the Norwegian barque Prinz Christian, at Sunderland au Wednesday. The latter had her jibboom, main, and mizentop-masts and yards carried away. Iolanthe un. damaged, A telegram from Athens states that a collision is reported to have taken place between the steamer Berenice, belonging to the Austrian Lloyd Company, and the British steamer Holway or Holiday, off Cori,-o, at three a.m. on July 23rd. The Berenice was compelled to be run ashore at Cape Spattri to prevent sinking. British steamer also. The report received relative to this vessel lacks confirmation. The steamer Douro, belonging to the Messageries Maritime Company, with 57 passengers from the wreck of the Berenice, anived on the 23rd at Syra. Fire broke out on board the Dutch steamer Oranji Nassau whilst discharging at Amsterdam. The cargo in the mainhold has been damaged. The steamer Manhattan, from New York for Hull, passed it. Catherine's Point, Isle of Wight, at 10.20 Thursday morning,and mado the following communica- tion :—The National Line steamer Kgyuc, irom New York for Liverpool, was destroyed by fire in latitude 40 north, longiitode 3b west; all hands saved, and all on board intend landing at Dovar.

LOCAL CHARTERING TRANSACTIONS. NEWPORT, Thursday.—The following fixtures have been i :-New;)ort to Lisbon, 6s 9d Newport to Oporto, 7s Newport to Genoa or Savona, 7s. SWANSEA, Thursday.—Tho following fixture has been reported Swansea to Dieppe (Eugene), 5s.

LIZARD SIGNAL STATION. THE LIZARD, Wednegday.-Passed (direction un. certain in tog)-stcainer Red Star. THE LIZARD, Thursday. Wind W., moderate fine bnrome'er, 30 04. "Passed East-Seafonh, of Greenock, from San Franc sco -fnr Falmouth yacht Fiery Cros,. ot Greenock barque Q F M S, in tow ot a Liverpool tug steamers Wydale, from New York for Newcastle Prudentia. ironi Philadelphia for Nor- denbamn Marveille, from New Orleans for Antwerp and lhvre. Pained West—Qnillota, of Livernooi, in tow of tug BJazer, of Liverpool Tamerlane, from Hamburg for Cardiff steamers Stormcock, of New. t ort tiitnmore, of Middlesbrough Jane Cory, of West Hartlepool Maasdam, from Rotterdam for New York Dunsley, of Whitby Gothenburg City, from London for Boston.

SWANSEA BAY SIGNAL STATION. MUMBLES LIGHTHOUSE, Thursday.—Wind N, light. Weather clear. Set-moùerate. Passed Eu-st—steamers Gazelle, of We5t Hartlepool :3anÜi",nrl, of London; Veronica, of Cardiff Trefus.s, of Falmouth Sun- light, of Live- pool; West, lit Liverpool Armenia, cf Wet Hartlepool ill, rfa, of Swansea schooners P M Wilcock, ot Fowey: Mariner, of C nnarvou. Parsed W tst-steam.yac}¡t Waveney, of Swausc; steamers Lilian, of Newcastle Montana, of Loudon Georget'e, of Dieppe Biding, ot Swansea.

SHIP FOR ORDERS. The steamer Eugene, of Liverpool, which arrived in Sivaii-ea Biiy Oil Thursday, has received orders for Swansea.

BARRY DOCK ARRIVALS, July 23 —Girdienes.^s, US5, Vaterford, light. Allonby ss. 818, Sables dOlonna. July 24.— Gracie ss, 853, Loudon. „Q SAILING, July 24.—Peter Graham -tv0, Dordrecht, coal,

NEWPORT—ARRIVALS. ALEXANDRA DOCK, July -Uorisande ss, 767, Dublin. Jighfr. OLD DOCK. July ^9, Cork, ballast. Strai lispey s-, 105, Cork, RIVER, July -—A.av3nee, ,x<, Southampton, iron. I\Iary Antia, bS, Atial 77, Wexford. ballast. Ellen Kerr. 67. bnstol, ballast. Tamar Queen, 94. Couiima. nerry, babast. Joseph an Thomas, 47, Hartlano, banast. Mo mi 112: Star, 99, Pad.stow, ballast- J :net, ,,6, Bridgwater, ballast. Iron Duke ss, Bristol ballast. Weish Prince ss. 86, Bristol, general. Editli, 47, Bristol, general. James, 44, Padstow, light. Upupa, 568, Cork, general. Plover ss, H4. Liverpool, general. Lincolnshire ss, Liverpool, general. T1 SAILINGS. ALEXANDRA DOCK, July ^4—Garonne ss, 'Gorvin, Bordeaux. becla ss, Blampied, Bilbao. Prydain ss, Parry, Dowlais ss, Mills, Gibraltar. OLD Dociv, ,)uiy 24.—Captain Parry ss. Kelly, Knmpokiis ss, Johns, Cork. Strathspey ss, GiHoru, cork. Natbanael, Galirsen, Bueuos Ayres. Creaden ss, S nnott, Figueira. Capella, Kvaase, Rosano. Anrielie, Naison, Auray. RIVER, July 24.—Welsh Prince ssH Howe, Bristol^ }I°? ss, Allen, Bristol. Thobaas and Maria, >vlight, Bristol. Abrahajn Sutton ss, Sutton, Cork, Samuel, Ridler, Padstow. Flower, Incledon, Barn- staple. Jane and -arah, Corney. Barnstaple. Annette, Gibbons, Dunsarvan. Vulcan, Gosnell, Clonakilty. Rapid, Reiily, Wexford. Ellwood. Curran, Dungarvan. Two Brothers, Williams. Looe. Lucy, Moss, Barnstaple. Tel-el-Kebir ss, Clutter- buck, Bristol. Lizzie Mary, Bate, Par. Pride of I Anglesea, Reoanto, Pur. Lord Rollo, Clancy, Tralce. ENTERED OUTWARDS-July 2 Hennebont. Faune F, 127, Larquet, A P Filleul & Co Bordeaux, Thomas Coats ss, B, 672, T Beynon & Co Rosario, Douglas, B, 609, Urooks, J P Eeles Bilbao, Corisande ss, B, 767, Pyman, Watson tfz Co CLEAIUDD-July 24. Rouen, Benefactoi 's, B. 1230 coal Redou, Nativite, F, 230 coal Auray, Georse and Alfred, F, 1M coal Gibraltar, Minnie Irvine is, B. 1240 coal St Nazaire, England ss, B. 1360 coal Bilbao, Corisande" ss, B, 1300 coal IMPORTS-July 24. Southampton, Advance, 95 old rails, Rennie. Wilkin- son, & Co Barnstaple, Jane a.nd Sarah, potatoes, H Latch Bristol. Stockton ss, general, Burton & ^°u Liverpool, Lincolnshire ss, general, oon Bristol, Edith ss, general, Burton & Son Liverpool, Plover ss, general, Burton « ison Ccrk, Upupa ss, general EXPORTS COASTWISE-July 24. Cork, Nancy McSweeney, 300 coal, Bevan & Pryce Kinsale. Frances Jane, 160 coal, Be van & Pryce Wexford, Ocean Pearl, 9ti coal, Bevan &, Pryce Wexford, Recruit, 1'.0 coal, H Powell Liverpool, Dalriada ss, 340 coal, r Wilts & Co Kinsale, Mary Anna, 105 coal, 1 Wilks & Co New Rcss, Beatrice, 175 coal, T AVilkH & Co Bridgwater, Cygnet, 72 coal, J H llugbes Waterford, Galgorm Castle, 170 coal, J F Thomas & Co combmartin, Mistiotoqi 70 coal, Partridge Jones & Co Fowey, Mornington, 200 coal. J H Hughes I 100 iron, Burton &- S(,u Liverpool, Plover, 30 iron. Burton & Son 'I Bristol, Ed i t b. 40 general, Burton & Son Wadebridge, James, 73 coal, Clapp & Cc Barnstaple, Janet Smith, 63 coal, Diamond LlantWitCO" Cork, Waft, ?A-CORI. Cl',VWqk Go

BAND OF HOPE FLOWER SHOW AT CARDIFF. In connection with St Andrew's (Cardifi) Band of Hope a most successful flower show was held at Catb.aya National Schools on Wednesday. The children had been for mcnths past most enthusi- astic in their preparations, and the result was shown by there being something like 15C exhibits, many of them being really b-autiful plants. The most interesting feature, perhaps, was the large show ot wild flowers and grasses, which deservedly received a threat "e[\1 of attention, many of the exhibitors iravina scoured tho country tor some :miles early cn Wednesday morning in their anxiety to produce a choice variety. Tha prizes consisted chiefly of books. Mr George Drake, of Cithays, kindly acted as judge, and bis awards gave general satisfaction. There wan a large attendance of the children's parents and parishioners, inclujing the vicar and Mrs Han £ ord, who took much interest in the proceedings. Mr Alfred Ellis (nurseryman) had a fine ebow of plants, &c., and among others who sent plants and flowers were Messrs Phelpi and Co., Mr H. Gillet, Mr G. Drake, Mr* Hanford, and Mrs Brett. The Band of Hope committee, viz., Mr Fred W. Brett (bon. superia* >tendent), Misses B. Williams, Stauiforth, 1 £ » Stephens, and J. Gadrych, and Mr A. H. Howard are to be warmly congratulated on th' success of their labours. The Rev A. Robbs and Mr T. Beames gave valuable assistance in receill ing and arranging the plants, Ac., for show, and during tbo, afternnon musical selections wer* (jiveu by Misses Kelly, Gedrych, and. otber The promoters are so satisfied with the suocess at the show that it will be made au annual faatnr* in the society's prot:9oding3. Printed and Published by tbe I?roprietori,,Li.k VIP DUNCAN & SONS, at 105, St. Mary-street and WesJJ gate-street,in tile town of QarcMff, tbe coa My 9 Glamorgan,"