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SOU I'll WALES FINANCE

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SOU I'll WALES FINANCE (Account Days, May 14th and 29th.) THURSDAY. April 30th, 1896. Rather more business has been done to- day than might have been expected con- sidering that the local Exchange will be closed to-morrow. the 1st May, following the custom observed in London. Spillers' and Bakers' Ordinaries supplied the feature of the day, the opening deal taking place at 15 >4, an advance of on the last deal re- corded. Thereafter the price moved up to 15^, at which figure three rather heavy transactions took place. Accordingly the shares are marked up y±. A small lot of Taff Stock was done at the opening at 9054, but later on business came off at 90 Ya and 90/4, the latter being yesterday's figure. The quotations are marked a little closer. Rhondda and Swausea Bay Ordinaries were done at 7%, and a small lot of tho 4 per Cent. Debenture Stock at 153, rather weak price. Barry Graving Docks were turned over at 21. the old price Sristol and South Wales Waggons, at 6 .nd Hancock's 6 per Cent. Preferred (Irdi- lary, at 14Jg. Bute Dry Docks were a little :J1 demand, but no business came off at the Md figure, and the price is'now marked up to 70, the figure supporters have main- rained for some time they would reach, but he realisation of which many doubted. It sill be noted that Hancock's Shares are still jlodding on in their upward course. In outside securities South-Eastern deferred was done twice at 101. The great ycle boom, which has been rampant in the llidlands and Dublin during the last few teeks, does not seem to have made much lead way so far in South Wales. To-day. however, there was a deal in Beestou Pneumatic Preferences at 19s 6d. and one in Griffiths' Cycle Company at 25s. The Mining Market seems to be recovering II little of its buoyancy. Chartereds being lealt in rather freely at Z) Yí. British Broken Hills changed hands at 26s. The following changes in value are noti- led in the official list of the Cardiff Stock Exchange:— N like—Rhondda and Swansea Bay 5 per Cent. Preferences to 14% ditto New J4, to 14^4 London and Midland Banks ]'2, to 41 Y2; Bristol Brewery Ordinaries i 14 to 35; Bristol and South Wales Waggons Y4, to 634 Bute Dry Docks te 10; Hancock's Deferred Ordinary to t9 ditto 6 per Cent. Preferences to I 16 Provincial Tramways to 734 xd Spillers' and Bakers' Ordinary 34, to 1534 ditto 6 per Cent. Preferences Ys. to 14ft. Messrs Thackeray and Co. note the following changes Ri.se-P,hondda and Swansea Bay, to 7Ys do. New to 7% Taff to 31 Rhondda and Swansea Bay 5 pet vent. Preferences to 14% do. New 34, :o 1434 Rhymney Consolidated 4 per Cent. Stock to 149 Taff 4 per Cent. Consolidated Stock 1. to 151 Penarth 5 jer Cent. Stock 3%, to 17734 Valo of Glamorgan Guaranteed Yø, to 11% Brecon And Mcrthyr A 4 per Cent. Debentures 1%, to 130 London and Midland Bank 34* to 41% Bristol Brewery Ordinary 1%, t. 35 Bristol and South Wales Waggons to 634 Bute Docks 1%, to 71 Hancock's Deferred Ordinary to 19% do. Prefer- ences 34. to 16 Spillftrs' and Bakers' Ordinary 34. to 1534 6 do. per Cent. Prefer- ences Ys, to 14%. Fall-Rhymney Stock to 267 There are seller-, of Ehondda Ordinary; Western Mad 5 per Cent. Preference Shares Cardiff Milling Preference Tre- legar A Shares Rhymney Ordinary Shares Spillers' Ordinary Shares; Bute Debenture Stock Spillers* Nephew Shares; Barry Graving Dock Shares Ebbw Vales Tredogar Iron B Stock. There are buyers of Taff Ordinary Stock Swansea Harbour 4 per Cent. Stock Hancocks' Preferred Alexandra B Stock ind 4 per Cent. Debentures; Bute Dock 5 per Cent. Debentures Stock Empire Music Hall Shares Bute Dry Dock Shares i Devon and Somerset Debentures and Ordin- ary Stock Western Mail Debentures Barry Deferred Stock D. Davis and Sons' Shares; Great Western Colliery B Shares Bar- nato Banks Spillers' Ordinary Shares North's Ordinary Rhondda Ordinary Shares. Our advertising columns of to-day confirai the announcement here a few days ago as to the conversion of the business of Messrs S. D. Churchill and Co., of Mountstuart- sqnare, Cardiff, wine and spirit importers. into a joint, stock company, with a capital of £ 10,000. The reports of Messrs Waring and Son. of Cardiff, and of Mr Georgo Westall. the wine trade expert, indicate a profit equal to 9 per cent. upon the present issue, with a prospective increase from the employment of further capital. The busi- ness has been established for a considerable period and is believed to be a thoroughly prosperous one, and intending investors would do well to give the issue their con. sideration. The report and balance-sheet of the Bate Dry Dock Company was issued to-day. The report states:— < The balance to the credit of profit and lo.-a account for the year. after allowing the usnal depreciation, amounts to £ 21,845 O. lid. An interim dividend at the rate of 10 per cent per annum was paid in September, after providing for which there remains (including S24816 16: 3d brought forward from last accotinl) a balance of 235,911 17., 2d available for dividend. The directors recommend the payment of a farther dividend at the rate of 10 per cent. per annum (free of income tax) which will amounll to £ 8.750, leaving £ 27,161 17:! 2d to b* carried forward to next account". The directors have much pleasure in statinp they have elects Mr Richard B. Cliellew. shipowner, of Trorn. Cornwall, and Mr Wtr.. Jones, of the tirm of Messrs W. fl. and C. T. Jones, shipowner*, Cardiff, to fill vacancies on the directorate. The retiring director is Mr Edmund Handcock, jun., who. being eligible, oifers himself for re-slection. The May number of the South Wales Investment Circular, issued by Messrs Lyddon and Co., has just been issued, and as usual contains a lot of useful information. We extract the following from their Notes We referred in our last issue to the room for improvement in the stocks of the Berry Railway, and these are still cheap as compared with the like securities of other railways, the yield to a purchaser of the Preferred being E3 Is 6d per cent, and on the Deferred 4 per cent. per annum, exclusive of the four months' dividend accrued. Calculating on the last dividend paid by the Taff Vale Railway, the Ordinary Stock of this company yieldfi at the present price E3 13.1 per cent. It 18 possible the recent buying was occasioned by the rnmnur that some arrangement by which the Tau Vale would Join the Bute and Rbymuev Companies had been arrived at, but so far there ball been no confirmation of this. There Were, however, for a day or two, large buying orders sent to thia market, part of which only could be executed. It is generally believed that some few months since an AttemPI we- made to induce the Taff Vale to join the Bute-Rhymney fusion, but without success, and it is highly probable more recent negotiations rn*y have taken place in connection with the lan v ale « opposi- lion to the Burs-Rhyinney Amalgamation and the application for powers to build a new dock at Card• ff. We are inclined to think tbat the Taff und Bute Companiea may yet arrange terms, both having much to gain by so doing. ( Messrs Thackeray ana Co. s weekly feporc is as follows Rails.—A distinctly firm tone has prevailed in Yiie market for South Wales Rails, and a con- siderable business has takeu place in the stocks of the three leading lines. In Barry,4 a moderate amount of the Undivided has been negotiated, and the closing price, about 280-281, show. no material alteration as compared with last week. The Preferred has been well supported, and fair parcels hive changed hands; quotation firm at 129-W. The Deferred has also proved n request, and a fair number of dealings re- c jrded } the price, 151—152, is fractionally better nlitt the previous week. Preferences in demand, but ssarca. In Taff Vales more than usual briskness has been observable numerous tran- saction* had takes place early in the week at 89 I the price, however, subsequently amoved up in the most significant manner, and stock changed hands as high as 91 and 91V £ subsequently falling t') 90, but at the close advancing to 913i—9i%. Rhymneys have shown, if anything, asiightiy easier tendency, with only a moderate business to note. Quotation, 267 -268, I remains the same. There has been a good inquiry for the Scrip, which has improved bo 122-123 add prem. Vale of Glamorgan are wanted, but filers do nob seem inclined to realise at present. Port Talbot1? have been dealt in at prices ranging from 5-Sti to a fair extent. A better inquiry has existed for Rhondda and Swansea Bay Ordinary and Preference. In the former a fair num. ber of shares have changed hands, and the closing price, 7-7. is better. Preferences are in good reouesl, but rather scarce at 1434— Ba.T&ki.-A quiet market, but a fair inquiry for L indon and Provincial. Collieries have been in fair demand, but owing to paucity of sellers business has proved of a restricted character. A few dealing* have takeu place in Western B There are buyers of North's Ordinary and Preference. Albion8, and Penri. kyber Ordinary and Preference. Davis' rabbet offered. Irryn,—A weak market. Tredegar A abont 2V4—2% Ebbw Vales, 534—5% Rhymney Old, 25i 6,!—26s W New. 10,104 3d. MiteeOa-neous.—An active market. Hancock Pri4ferred and Deferred continne strong at 11% 15 and 19—19% respectively, Spillers' and Baker*' are slightly better, 15—15Va. with a fair business recorded within quotations. Bute Dry Dock have Improved. closing 70—72. Swansea Harbour Stock is in good request.

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