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TRADE REPORT. We have little change to report in tbo metal trades since last week; all kinds of iron and stee 1 remain much as before, only tin shows a weaker tone, and copper is not quite so firm as it was. If anything pig iron is somewhat stronger, but it is very difficult to say how far the position is due to better demand, aud how far to the rigs of metal brokers. The only way in which many of these gentlemen can live at present is by arranging periodical rises and falls of about a shilling per ton from one week to another, and by extracting the differences out of the pockets of the British public and transferring them to their own. The gambling in pig iron, to which we have frequently alluded in these columns, has of late attracted the serious attention of the iron trade, and the matter has been taken up by the British Iron Trade Asso- ciation. A special committee was appointed, con- sisting of Mr Ainslie, M.P., Mr Isaac Wilson, M.P., and Mr Hingley, M.P., and they have recommended the Associatiion to get a Bill introduced in the present session of Parliament requiring that the numbers of all warrants included in any transac- tion sball he explicitly stated in order to prevent dealings in fictitious warrants. It is understood that this proposal has been brought to the notice of the Attorney General, and has met with hia approval. It is generally supposed that the pro- verbial coach and four can be driven through every Act of Parliament, and we cannot suppose that this Bill, provided it became law, could escape altogether; but if it were known that no contract would be binding, unless it contained the numbers of warrants actually in existence, and registered by a responsible body, we believe that the amount of gambling, such as existed during the end of 1889 and the beginning of 1890, would be greatly diminished. Hematite pig iron is now worth 52s, Scotch nio- iron 45s 9d, and Middlesborough 43s, all for war- rants. What gives ground for the belief that these prices, which are slightly better than last week's, are to a certain eitent genuine, is that this little advance has taken place in the face of an increased Bank rate, which is this week 4 per cent, as against 3 per cent, previously. ° Tin, which had gone up to nearly £97, more in consequence of speculation than of increased con- sumption, has fallen to £93 5d. Copper has, no doubt, been iufluenced in the same way, and a good deal of metal has changed hands, and it seems difficult to believe that the price can maintain its present high level for any length of time. ° 1 inplatcs are not brisk, and it is hardly possible for makers to get cost price. The reports from Liverpool say the market is very quiet and inquiries anything but numerous. Great uncertainty prevails about the American tariff, and transactions are confined to the absolute requirements of consumers. CARDIFF.—The trade of the port continues brisk in spite of several shipowners laying up their steamers. The coal exports of the port for the past week amounted to the large total of 270,000 tons. The coal masters of South Wales are giving six months' rotice on the 1st of July to terminate the sliding scale agreement on account of the difficulty experienced in getting the colliers to comply with the conditions of the agreement. The trade of the Bute Docks for the past week was as follows :-Coal, coke, and patent fuel shipments, 166,621 tons; exports, other coal, coke, and fuel, 4,831 tons imports, 25,484 tons. The arrivals were 72 steamers, of 53,777 tons register, and 58 sailing ships, of 10,353 tons register. The vessels in dock are 51 steamers, of 81,011 tons register, and 97 sailing ships, of 48,824 tons register. The irou trade of this district is in a more satisfactory condition, and prices are firmer and a trifle higher on the week. Makers' iron is now able to compete with warrants, and the reduction in the cost of ores and coke enables manufacturers to make both ends meet or nearly so. Hematite pig iron is selling at 56s. per ton; less 2 per cent. delivered at South Wales ports. Tinplates are held for more re- munerative prices, offers, on a basis of 13s. 3d. per box for 14 by 20's, being as a rule declined by sellers. Spjlter continues very firm at £ 23 to £ 23 10s., and the demand for copper shows also an improvement. The condition of the coal and other kindred industries is unimproved to-day The quotations at the close of the market to-day wero aa follows Best qualities, 14s. 6d. to 15s.; good dry coals, 13s. Gd. to 13. 9d.; and Monmouthshire, 12s. 9d. to 13s. 6d. Small stealn was very plentiful, prices ranging from 7s. 9J. to Ss. 3d., according to quality. House coals had also a downward tendency. No. 3 Rhondda was moderately firm at 14s. No. 2 was selling at 12s. to 12s. 3d., and through coals at 10s. 3d. to 10s. 6d. The patent. fuel market was easier, but liominallv the- quotations remained at 14s. 3d. to lis. 6d. per ton. Foundry coke weak, at 21s., and furnace, at 19s. per ton. The improvement in the pitwood prices was. not only maintained, but some of the larger importers were demanding higher figures, and 11 at the close of the market very little wood was obtain- able under 17s. 6d. In the outward freight market steam chartering was moderately active. SWANSEA.—The trade of the port in the past week may be said to have only partially recovered from the effects of the late strike. A comparison with the same week of last year, when, however trade was exceptionally brisk, shows a considerably decrease, chiefly in the import branch. The ship- ments of tinplates, &c., have been remarkably heavy, aud the fixtures of vessels to load next week- make it certain that trade in this department will be maintained at high pressure for some time. The imports amount to 9,321 tons, and flip exports to 40,011 tons total trade 19,332 tons compared with 36.713 tons in the previous week and 64,807 tons in the corresponding week of last year. The ship- ments of coal were 24,156 tons The shipments of tinplate amount to !)8,56.<; boxes, and the receipts from works to 78,740 boxes; stocks in dock ware- houses and vans this day stand at 179,054 boxes, compared with 198,882 boxes at the corresponding date of last year. For the present short date contracts only can be negotiated until some definite conclusion is come to in regard to the American Tariff Bill. In New York prices ar.- steady, and even tending upwards. Copper continues very steady aud large quantities have changed hands, and stocks are declining* rapidly Spelter is still strong, and the Continental demand is large.