Hide Articles List

17 articles on this Page







[No title]



----.---------TRADE REPORT.


TRADE REPORT. The strike at the Swansea Docks, which was exercising the minds of traders in every branch of business "in South Wales, was fortunately settled at the end of last week and work has now been generally resumed. The men have secured very considerable advances, and it is to be hoped that they will not in consequence neglect their work, and do more harm to the trade of the port. A good deal of business is now being done but, except in the coal trade, profits are very small. There has been no marked change in the values of iron, and tin- plates are commanding rather less money than a week ago. Hematite warrants are about 51s; Scotch, 45s and Middlesborough, 42s. Tinplates are 13a 3d to 13s 4jd for Bessemer cokes, and 13s 9d to 14s 3d for Siemens, according to specifications. Recent reports from America point to the passing of the new Tariff Bill- subject to some modifications—so that it seems certain that the Welsh tinplate makers will have to face a very much higher protective duty than at present. The result of this must be serious, though we do not apprehend that it will be as disastrous as some imagine. It should be remem- bered that many importers of tinplates get, a large proportion of the duty returned to them when the plates are re-exported in the form of packages containing goods of American production. At present the rebate is 90 per cent. of the duty under the new Bill it will be 99 per cent., so that in some instances there will be an absolute reduction in duty. Again, the quantity of plates now used in America of a lighter substance than the ordinary 30 or 31 wire gauge has greatly increased since the introduction of steel; and as the duty is payable in proportion to the weight, the increase will not be felt so much on the thinner plates. Still, the exports from this country to the United States must be seriously affected in course of time, and we must hope that the general expansion of the trade in other portions of the world, particularly in the oil districts of Russia and Peru, will help to fill up the gap. There are signs that coal has reached the highest prices that are likely to be seen during the present boom. Th enormous profits that some collieries have paid during the last twelve months have had the usual result of driving more people into the trade and as soon as supply does overlap the demand, nothing can prevent a rapid fall. We noticed that the associated colliery owners propose giving notice to terminate the present sliding scale arrange- ment. It is to be hoped some new and satis- factory arrangement will be arrived at before the notice expires next Christmas, for if not., we shall probably be landed in a strike rivalling in dimensions that of 1874. COPPER. — The market opened active at £59 7s. 6d. to £59 15s. for g.o.b.s. and g.m.b.s. spot, but after Tuesday became quiet and easier, the closing quotation being jE58 5s. to S58 12s. 6d. English quiet; tough cake JE63 to tti3 10s. select ingots £ 65 10s. to E66 sheets, JE71 to £ 72 yellow metal 6d. per lb. TiiN.-OI)eiied easier at £95 7s. 6d. to J695 17s. 6d. for spot parcels, and after improving by Wednesday to £9() 7s. 6d. to E96 17s. Hd., subsequently became flat and declined to 1:94 10s. at the close. SPELTER.—Quiet at £24 to JE25 5s. for South Staffordshire delivery. LEAD. Firm at 1:13 10s. for soft English pig delivered. ° CARDIFF. 7:10 trade of the port continues brisk. The coal exports for the past week amounted to 267,000 tons, which is considerably above the average for the year. The trade of the Bute Docks was as follows Coal, coke, and patent fuel shipment, 160,092 tons. Exports, other than coal, coke, and fuel, 5,496 tons. Imports, 30,347. The arrivals were 92 steamers of 62,818 tons register, and 67 sailing ships of 14,234 tons register. The vessels in dock are 62 steamers of 86,245 tons register, and 109 sailing ships of 58,891 tons register. On 'Change to-day there was very little change in the condition of the coal trade. The ruling (Itiotittiotis were :— Best qualities, 15s. to 15s. 6d. good dry coals, 14s. 6d. and Monmouthshire, los. 6d. to 14s. Small steam was plentiful at 8s. 6d. to 8s. I)d.a drop of Is. a ton as compared with last week's figures. The house-coal trade was moderately active for the time of year. No. 3 Rhondda large was selling at 14s. 3d., and small at lis. 6d. to lis. 9d. No 2 Rhondda was quoted at 12s. to 12s. 3d., small at 9s. to 9s 3d., and through 10s. 6d. There was a steady demand for patent fuel at 14s. 3d. to 14s. 5d., and there was all ) improved enquiry for ccke. Foundry was firm at 21s. 6d., and furnace at 19a. 6d., with an upward tendency. Iron ore was in good demand at 14s. 6d., and there was a fair enquiry for pitwood. Outward steam chartering was moderately active. SWANSEA.—Owing to the general strike of dock 1 15 labourers during the past week no comparison can be made with previous periods. It is satis- factory, however, that in consequence of the concessions made by the various employers, ranging from 20 to 50 per cent., work has been resumed in all the branches. The imports in the week amount to 8,919 tons, and exports to 27,794 tons, total trade 36,713 tons, compared with 70,692 tons in the previous week, and 56,261 tons in the corresponding week of last year. The shipments of coal were 20,668 tons. The ship- ments of tinplate amount to 37,584 boxes, and receipts from works to 48,116 boxes; stocks in the dock warehouses and vans this day stand at 198,882 boxes, compared with 188,350 boxes this day week, and 138,857 boxes at the corresponding date of last year. The strike has naturally considerably disturbed the tinplate trade and upset buyers' calculations. There has been a brisk demand during the week, buyers seeming to be more anxious to place their orders. The result is an all-rouud improvement, with a much firmer tone in the market. The iticteased demand from the United States is believed to point to the ultimate passing of the Tariff Bill in sorne shape. The metal market has been rather more active. Copper is decidedly firm. Large quantities of copper produce have been waiting discharge here pending a settlement of the strike, which has to- day happily been brought about.


[No title]