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COMMERCE OF THE DAY.

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COMMERCE OF THE DAY. BANK v RATE. London. Thursday .—The Bank rate of dis- count, has been raised from 5 to 6 per cent, j BUTTER MARKET. Cork, Thursday.—Firsts, 140s.; seconds, 135s.; thirds, 128s.; fresh butter. 141s. j CATTLE MARKET. Metropolitan Cattle Market, Thui,stia-,v.- Only 43 beasts were offered, and trade 1 proved nominal..No sheep wer& to hand. Bristol, Thursday.—Beef in moderate sup- ply. trade steady. Best. Is. Id.; secondary, 16. tb. Fair supply of mutton, best wethers making 109. Id. to Is Is. 3d. lb. Moderate show'of pigs; bacon ere, 18s.; porkers, 19s. score. Few store cattle offered sold late rates; milch oows, from 122 ui) to X32 each. MEAT MARKET. Central Meat Market, London, Thursday. —Beef—Scotch, long sides, 7s. 8d. to 8s.; short, 8s. 4d. to 8s. 6d.: English. 7a. to 7s. 8d.; Irish, including Birkenhead killed, 6s. 8d. to 6. 10d.; chilled hind quarters, 6s. 6a. to 6s. lOd.; fore, 5s. 3d. to 5s. 5d. Mutton— Scotch wethers, 8s. 8d. to 9s. 4d.; owes, 6s. 4d. to 6s. 8d.; English wethers. 7s. 8d. to 8s, lamb. English, 8s. 8d to 9s.; Scot- I tJSL 8s. 8d. to 9s. 4d.; veal, English, 6a. 4d. to 8s. 8d. Market quiet. SWANSEA DOCKS. I Thursday.—There ia no new !c:nurc to rcpcrt in the aEthraeite coal market. Larse deMriptions are mo?e freely offered but the Italian br?ida are fairly well stemmed. Mach.ne-made cobbles and nuts are steady, and beans and peas maintain their poi- tion. Bubbly euim is steady, and duff is slightly firmer. On account of the shortage of tonnage eteam coals are easier. Swansea to:- Dieppe, 24s. 6d., 450 tons (Graigola-Merthyr). iloniieur, 24s., 620 tons (E. W. Oook). St. llrieux, 25s. coal. 25s. 9d. fuel, 700 tons (Graigola-Merthyr). Valencia, 60's., 900 tons (Denstad and Paton). SOUTH WALES MARKETS, Coal and Iron.—Buoyancy continues the dominant note of Scuth Walee market-, with pronounced actiivty in colliery issues. The merge recently arranged by which 1 Consolidated Cambrian, Ltd., acquire a controlling interest in the important under- taking of D. Davits and constitutes the biggest transaction of the kind ever ca rri-ed out in connection with the South Wales coalfield, and the influence 1 of it had been felt almost throughout the list of colliery securitiea. Consolidated Cambri^ ans, after reahing the record price of 41s., receded orl protit taking to 376., 37s .6d., but having regard to the added status and earning power which the above mentioned merge must bring, to the fact that the interim dividend, prob ably at a much increased rate, is. just due for announcement, and to the great re- serve strength of the Cambrian Combine, the ordinary shares at about Ms. 6d., would appear to be one of the mc,-st attractive ob- tainable for capital appreciation. Should the dividend for the current year be at the expected rate of 20 per cent., the price would doubtle&s ike to approximately 50s., and the shares would then be by no means overvalued. D. Davis and Sons ordinary have oon- tinued very active, a large amount of business having been put through at prices varying from 51s. 6ti.-524. It would seem that many shareholders have been realising on the market at current Dricet, as afford- ing a large rproflt than the acceptance of the offer of 47s. 6:1 u per share made by tire | Cambrian group. The D. Davis shares at present price ct 51s. 6d.—52s. axe cum the half-yeai-'e dividend at the rate of 20 per cent. per annum. Theer are rumours of a forthcoming bonus ad well as the dividend, in which case the price would ris-e mU-Cl Cynon ordinary have again improved to 37i3. and are j £ .spocted to go still higher. Ccltice have been a very active market, the price of the shares rieing nearly 3e. to 105. 3d., closing the week slightly eaeier at 12s. 6d. to 13. Cardiff Collieries have also improved to 40a Blaenavone, to which we have repeatedly refere-d as likely ito advance, have strengtliened to 20l5. The Company's year ends Septemher 30th, and very satisfactory results are looked for. Ebbw Vales continue active. The shares changed h !!I to at from 27s. 3d. to 27s. 9d. Fernhill Ordinary remains firm at round about 40is., while Great Wee-tern Ordinary have strengthened to 94—93. The "New" £ 4 paid chares Have also improved to 81- 8J. There ha sbeerian active business in Insolea Ordinary, the price again impoving to 31s. to 32s. Main Ordinary have changed hands up to £ 11 Jr. Newport Abercarns keep steady round 32s. Ocean Coal and Wilson'e have shown strength, the price improvin? to '!1? to 19-? Th""C' )1" b?pn iraiic-actior.s '? I\)7?!! Dun'ryn 'I' basis of 64s. 6d. to 65?. Sd. Rhymne?' Iron, Oh) and New, have been a very active market, rising to 17e. and ')6?. 6d. espeatively, but closed easier &t 15s 6d arul 14s 3d..reflectively. TredegQr6have hCf'H « good market on the strong position of the Company and the excellent outlook. The price of the A shares rising to 29». United Nationals keep a very firm mar- ket round 4i to 43. Windsor Ordinary have stengthened to ,85. The 10 per cent. Itst Preference shares have further improved to 18-18;, and the 6 per cent. to 1,;7.12!. These isstiee are ex- pected to st-eadily improve over the next few months, a-s it is anticipated that the vrholo of the arrears of dividend on the 10 per cent. Preference shares will be paid off this ye-ar. Shipping.—This market continues firm, as there seems every prospect of excellent tnding for a lonfr time ahead. W and C. T. Jcmes have been inquired for round 44s to 4s. .al' the Company's report for the year ended June 30th is expected to how <3. very satisfactory position. London-American Maritimcs have changed hands freely at 36< and should show sub- stantial improvement over the next month or two. The financial year ends 31st inst. and a Rubt;1T t.i-al final dividend is confi- dently looketTTor. As is gene roily known, the dividend lait year was 27 per cent., and the company is known to be doing even much better this year. Britains have again strengthened to 22— 23 cum, a final dividend of 20 per cent. making J'O per cent, for the year. Crassington have been mentioned at 32s. Globe Shipping shares are en excellent market, and have improved to 16e. middle ex dividend. Haentons also keep firm at about 24s. FUl'neo/.i Withys have eased somewhat to w.0s. 4.83. 6i. d., and there seem, little doubt that thepe shares will ultimately reach a substantially higher price. Other issues in this section keep firm. Miscellaneous Securities.—There is no change worthy of note. Rails.—Barry Deferred Ordinary Stock bac been e, feature, n-'in- to 851 mid ale, ivhilo raff Vale Ordinary It..steady at 61. I „ BUSINESS DONE I  0,,nct Iron.-Oc?n and Wikon's Ord 12, 12.: Newport A brca rn 7 p?r cent Prer., 2M.; D DaYj?a Ord., 50s, 50s ?) 40? '9d ?.= 50s, 50s 6d, 5?« 52« 1?. 516 M' ?. 3d, 52.s td LpB -6^}%oV f- ¥: Gl,aat Western Col.. B C2 10g.; TnM?9 Ord., ? 9?. Onic Pref., 8a 9d. B'aMavon Ord.. 2?; Udted national Ord., 3560 6d, 35s 6d; Treclegar "A," "I,s; Celtic Ord., 135 6d: Ebbw VaV Ord.. 27s 6d, (small lot); Fernhill Ord., 40S, 40s.: Great Western New B," Tron Old, 14", 6d: Cambrian Pref 19s I; (I Rhymney Iron New 14s 3d; Main Pref. £ 11 10&; a Id win's, 35s 6d.: Blaenavons, 20s 3d; Abercarn Pref., 22s 3d. Miscellaneous.—Soillers and Bakers Ord" 448 9d. 44s 9d, 44.s 7,d. '413 6d 446 9d: 44s 9d, 21s 10d, x. d 21s lOd x d. 2Si cd- 21c, lod, x.d., 21." lod. xd. m cd; I E«peranza Coppers, 9s 3d, 9s 4d; TTa/pl- wood s.s. 316 3d: Salt Union Preff, £ 5 6s 3d Briton-ferry Chemicals, 32s. 3r1.: Channel Dry Dock Ordinary. 30s.: English Rpelters, 40s. 9d.; Redcroft. Trust. is. 3d. r Victoria Falls Power OrdinTv 8,7, 8id.: Eagle Transporta Preference, c5 5S.; Biographs, 18. lid.

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