Montreal herald and daily commercial gazette, 1 août 1883, mercredi 1 août 1883

[" ET ME SOU TES TRADE & COMMERCE DEPARTURE UF OCEAT! STEAMERS, From.mer.Date.) .Normandie.Aug 1.New York.Havre Alhambra.Aug 1.Quebec.W Indies LChamplain.Aug 1.Montreal iv erpool Gallia.Aug New York iverpoo rance.Aug 1.New York.London Eaandam Aug 1.New York.Amsterdam 8, Indian: .Aug 2.New York.Glasgow Gellert.Aug 2.New York.Hamburg C.of Ric dAug 2.New York.Liverpool Missouri.Aug Boston.Liverpool Sardinian Aug Quebec Liverpool Prussian.Boston .Glasgow >.New York.Liverpool germanie FN .Liverpool ontreal.Liverpool Buenos Ayrn.Aug uebec.Glasgow Arizona.Liverpool Denmark.Aug 8.New York.London Bothnia .g .- Liverpool Lake Huron.Aug 8.Montreal.Liverpool Adriatic .Aug 9.New York, .Liverpool Bolivia.,.Aug 11, New York .Glasgow Nevada.Aug 11.New York.Liverpool Circassian Aug ll, Quebec.Liverpool \u2018Wa ldensian.Aug ll Baltic.Aug ll Dominion.Augll.City of Berlin.Aug ll.Manitoban.Aug12.Nova Scotian.Aug 13.Lake Nepigon.Aug 15.Pavonia \u2018Liverpool .Liverpool .London .Montreal.London > FINANCIAL.Trae Herarp OFFICE, ) Montreal, July 31.§ There was a slight flurry this morning in monetary circles at the news of the heavy failure in Boston of Shaw & Bros.The firm was, perhaps, the largest dealers in leather in the country and did extensive business at every important point.It was thought; at first, that its failure would have some effect on several of our leading leather houses, but happily smch a misfortune has been escaped.The news, however, had a somewhat depressing effect upon the market and stocks \u2018were feeble in consequence.There is mo change to note in the rates of discount, \u201c gilt edge \u201d paper ranging from 6}/@7% as to name and date and call loans at 53/@6 per cent.on \u2018stock collaterals, The Stock Exchange wag dull and heavy and with a slight \u2018tendency to weakness.Transactions were limited.Bank of Montreal \u2018were 1 p.c.lower on yesterday, selling from 1974 to 197}.Ontario were quiet -and steady at 1143} bid, 115 asked.People\u2019s were in offer at 97%, and Molsons were inactive and unchanged at 124@126.Toronto were dull, opening at 185, with buyers at 183%.Merchants declined } from the opening at 121$ to 121} at the close.Holders of Eastern Townships ask 121, and Union could have been purchased at 90, but there was no trading.A few shares of Commerce sold at1324.Ville Marie were in offer at 100, with bids at 98.There were sellers of Federal at 159} without finding purchasers.Montreal Tele graph were firm and quiet at 122@1223, and Canadian Pacific were steady at 58% bid, 59 asked.Richelieu were active and transactions were effected at T8}@78$.City'Passenger were dull at 128 bid, 135 asked.Gas declined from the opening at 1744 to 173} @ 1734 at the afternoon session, A small amount of St.Paul & Minneapolis changed hands at]l10, closing quiet in the afternoon at 109}@109%.Canada Shipping Co.could have been purchased at 89.Round amounts of L.C.& St.L.Junc.Ry.were placed at 883@88%.Holders of Canada Cotton Co.ask 100, with buyers at 89.North-West Land were quiet at 60s asked, 57s bid.The rest of the securities are nominally as quoted :\u2014 MORNING BOARD.Montreal.Merchants.Commerce.Richelieu.Gas St.Paul & Minn AFTERNOON BOARD.Montreal.ssscnu0s vues 65 @ 197 Merchants.s\u2026ssc0000 200155 @ Lit GAS.200 100000000001 sa 000 125 @ 1731, 50 @ 1734 L C.&St.L Junc.Ry.2,000 @ 883, 3,000 @ 883 The following are the quotations of the etock market, as reported by Mr.D.Lorn \u2018MacDougall to-dav :\u2014 pa >] ee | 2» © [2271 5 STOCKS.25 Bnz| 82 |e sg Faz = 3 | F >a mR ga | 8~ Bank of Mountreal.$200 5 p.c.| 1973] 197} Ontario Bank,.100 13 pe] 116 | 1144 Bank B.N.A.£50 |3 p.c.J.\u2026.\u2026\u2026.Bnuque du People.50 [24p.e.Molsons Bank.59 4 p.c.Bank ofTorouto.] W044 pe Bank Jacques Cartier.25 apc.Merchants\u2019 Bank.| 100 (3ip.c.Bank d\u2019Hochelaga.| 100 3 p.c.].Æastn Townships B'k| 59 [Bip.c.uebec Bank.| 100 Bip.c.|.anque Nationale | 508 pci.Union Bank.100 3 p.c.Can.B'kof Comiuerce] 50 |4 p.c.Dominion Bank.50 |5 p.c.Bank of Hamilton.,.{ 100 8ip.c.].Maritime Bank.1000.Exchange Bauk.À 100 |4 p.c.Ville Marie.10 3 p.c.Standard Bank.Su Bip.e.Federal Bank.100 i3ip.c.Tmperial Bank.,.109 [4 p.e.].MISCELLANEOUS.intercolonial Coal Co.100 |.,.Montreal Tel\u2019gr\u2019phCo.40 |4 p.c BDominion Tel\u2019gr\u2019ph Co] 50 13 p.e Rich & Ont.Nav.Co.| 100 |3 p.c Oity Passenger R.R.| 59 |7 p.c City Gas CO.\u2026.\u2026.\u2026\u2026.\u2026.\u2026.\u2026.\u2026.40 |6 p.c Merchants\u2019 Exchange 400 |.Cauada Cotton Co.200 |5 p.e Canada Paper Co.100 5 p.c Canada Shipping Co.100 3 p.c Dundas Cotton Co.5 pc Graphic Printing Co.|.1.Mount.Loan&Mort\u2019e Col 50 3ip.c.| 104 | 161 Mout.Invest.&Bldg Co} 5 [3 p.e.[ 75 71 val Can.Ins, Co.| 10 [5 p.e.].Montreal Cotton Co.|.Stormont Cotton Co\u2026 Huder Cotton Co.\u2026.Bell Telephone Co.Guarantee Co.of N.A.Accident Ins.C, of N.A L.Ch*n&St.Law, J\u2019n B Cnuada-Cent1*! R\u2019yBds|.St.Paul, M & M R\u2019y.|- Montre a15 p.c.Stock.[.\u2026.\u2026.\u2026 Canada N Land Co Canada Pacitic Ry.Co.co.Can.Pacific 1 G.B.] .|.Consols in London are quoted at 99 9-16 for money and 99 11-16 fer account.United States bonds, 43s @ 115}; 58 @ 104}; and American railroad se\u201d curities steady.Erie, 36; Illinois Central, 1353; Reading, 29; Mexican Ordinary, 1.13; New York, Ontario and Western, 254; Milwaukee & St.Paul common, 1063.The market for sterling exchange remains dull and business light at 8} @ 8 9-16 for bankers\u2019 60-day bills, and 9} @ 94 for demand.Currency drafts on New York par to1-16.The foreign exchange market in New York was still dull and unchanged from Saturday's quota tions.Posted rates were 484 @ 4873.Actual rates.were as follows, viz.:\u2014 Sixty days, 482§ @ 483.Demand, 486% @ 487.Cables, 4873 @ 488.Commercial bills were 4814/2482.Continental bills =\" Tn AND DAILY COMMERCIAL, GAZETTE Tr VOL.LXXV.\u2014No.182.MONTREAL, WEDNESDAY.3 \u2014\u2014 + AUGUST 1, 1883.PRICE, THREE CENTS.were as follows, viz.:\u2014Francs, 5223 @523} and 5194/@520; Reichsmarks, 94} @ 944, and 947 @ 95; Guilders, 39} @ 40 and 404 @ 40}.The following are the posted rates of the leading drawers of foreign exchange : \u2014 80 days.3days.4.4.87 Sterling.84 Paris, francs.5.20 5.16 Antwerp, fran 5.20; 5.173 Zurich,francs.5.19; 5.164 Berlin, reichsmai 954 Bremen, reichmarks.94 954 Hamburg, reichsmarks.94 954 Frankfort, reichsmarks.95, Amsterdam,guilders.\u2026.\u2026.\u2026.\u2026.\u2026.40, The Bank of England gained on balance yesterday £95,000 bullion.The London Economist, in referring to the London money market and Stock Exchange, this week says :\u2014\u2018\u201c The rate of discount for Bank bills, sixty days to three months, is 3% per cent, and trade biils, sixty days to three months, 4@4} per cent.The news from Egypt about the cholera causes great alarm.The business in stocks has been small.Lake Shore are 1 higher ; Denver and Rio Grande are three lower ; Oregon and California 1 ; Wabash 1} and do preference 2.The Union and Peoples Banks of Halifax have each declared a half-yearly dividend of three per cent.At a meeting held to-day of the Board of the \u201c\u2018 Credit Foncier Franco-Canadien \u201d it was decided to invest about another million and a quarter dollars in the Province of Quebec on loans, &c.Paris advices quote 3 p.c.rentes at 79 francs 74 centimes for account and exchange on London at 25 francs 30 centimes for checks.At a meeting of the directors of the Canada Cotton Manufacturing Co., of Cornwall, an interim dividend of 4 p.c.for the half year was unanimously declared, after the paying of which there remains $125, 000 at the credit of profit and loss accounts.As will be seen by advertisement in another column, the corporation of the city of London, Ont, ask for tenders fur $175,000 thirty years debentures bearing five p.c.interest, and payable half-year!y.Offers will be received up to August 15th for the whole or any part.Form of tenders will be supplied on application to Mr.John Pope, treasurer, London.Mr.Victor Hudon has returned from Europe, where we learn he has completed arrangements and selected the necessary machinery for the new company he is now forming, for the manufacture of merinos» cashmeres, &c.There is no change to note in the position of the New York money market, which remains easy at 2 p.c.for call loans on stock collaterals.\u201d The stock market was a fraction lower to-day for the best part of the list, and the volume of transactions light in consequence of undefined apprehensions as to the outcome of the telegraphers strike.he following were the fluctuations in New York to-day :\u2014 >| uo SE] 8 ER STOCKS.23/8 =|# Ss asd) 3 Dj © 5 Western Union.| 81 | 81 | 803 804 5100 Lake Shore .1084108 |.]108°| 3700 Pacific Mail.222) 8T4|-.| 374| 400 Erie.\u2026.\u2026.\u2026.\u2026.\u2026.35%] 854|.) 35 | 1600 Do.2nd.cere c+ushosoujecne \u2026\u2026.Do.Pref.sjessofecuofe cs ejsaunre Ohijo & Miss.| 33%).500 North-West,.1293/1283 1128#/128#| 1900 Do.Pref.\u2026.\u2026.\u2026.svoufesuofessoferosfésau0e St.Paul.\u2026.\u2026\u2026.104/104} (1033104 | 6360 Do.Pref.ves +|1194}.1193| 100 Michigan Central.89 | 881} 88 800 Jersey Central.883| 874| 874/ 874| 300 N.Y.Central, \u2026.116311631164 5300 Del,Lack&WesL.[12581125 311253 17200 Del.\u2019& Hudson.1083110851.| 1083] 500 23 .fp 243] 24 400 Ohio Central.84 83.8 100 Erie & Western wool 268].1 26 200 Mob.& Ohio.cralivedeiad idee, 514] 505|.| 503} 2000 691| Gaël.| 694.Tex.Pacific.31#| 341.344 2300 Cent.Pacific | 72 ah of 713 Exchange.484 484 |.|484 Money .D l.J.0 D .\u2026 | St.P.& M.\u2026.1093-1094/1094|109.| Canadian Pacific.159 si #57 * Ex-dividend THE CROPS IN ONTARIO.Below we present the result of our inquiries into the condition of the crops now maturing, as they appeared last week to competent and unprejudiced observers, throughout a wide portion of Ontario.Although there has been considerable grumbling over the prospects it is significant to find that the aggregate crops make a fairly satisfactory showing.It is indisputable that low lying lands suffered severely from the rainy spring, owing to which even half a erop was at one time despaired of, The finer weather of the past month, however, has had a highly favorable effect, and though the condition is generally below last year, it does not fall very far below an average harvest, Considering the season, and how much lost ground had to be recovered, the exhibit must be regarded as encouraging, affording ample ground for the hope that with the continuance of favorable weather for the remainder of the season, an average yield will be realized in that portion of Canada.The chances for auch a result are the greater when it is considered how far the unprecedented cut of hay will go to make good any deficiency elsewhere :\u2014 PaxexaaM\u2014 The reports from this neigh- | borhood suggest probabilities of a wheat crop very nearly approaching last year's; exceeding aa average, we are disposed to think, if the conditions continue favorable.That is to say, if warm dry weather with warm nights, and no rain intervene between now and harvest.If, on the other hand, wet weather be experienced, it is more than likely the spring wheat crop will suffer from rust, which will cause a poor return on heavy land.At present the crops look remarkably well.Fall wheat and rye, where not winter killed, promise a good yield.A careful estimate shows that less ground has been sown in spring wheat than last year, which may have some effect on the aggregate yield.In the meantime it promises well, although on heavy ground it has grown too rank, ewing to too much rain aud rapid growing weather.Hay is a wonderful crop all over this district.-Oats, peas and barley premise an abundant yield.Barley, however, has not been sown so largely as last year.Farmers are complaining that rust has inflicted material injury on wheat, but there is nothing to show that there is cause for anxiety in regard to the outcome.NAPANEE.\u2014From tliis section the ue- counts are generally unsatisfactory, and we are inclined to place the crops as some- wnat below an average.The excessive wet weather damaged everything, especially spring wheat, of which our correspondents estimate a poor yield.The little fall wheat that has been sown in this section, however, promises to return a fair yield.Lixpsay\u2014All spring grainsin this locality were badly scalded by heavy rain, and from present appearances it would seem that there will not be much more than half a crop.This is largely attributed to the fact that the Jand is low and heavy.Fall wheat presents a much more satisfactory appearance, and 10 per cent.over an average crop is confidently calculated upon.So discouraging is the prospect on flat clay land that cattle are being turned into the fields as a last resort to :inake some little return.Many fields were not sown in the spring, as the land was too wet.PETERBORO\u2014The weather in this vicinity has been all that could be wished for, which, if continued, will assure a large return ot every kind.The hay crop is enormous, and had been all saved in first class condition.Spring wheat promises a very large crop.Fall wheat, barley, peas and potatoes promise a good yield.One report says there may be a little too much straw, but there is nothing to complain of.STRATFORD\u2014So far as heard from there has been no serious damage to wheat, although the recent storms did not improve it.The indications point to :.later harvest than u-ual, and new wheat is not expected 10 move before the middle ot September.KEMPTVILLE\u2014The harvesting of rye has commenced in this district, and it will probably turn out a very fair crop.The other cereals look well.Pzrra\u2014The returns are especially satisfactory for fall wheat generally, but some state that it is too heavy, {odging and affected with rust.Of rye, the quantity sown 18 believed to be less than last year, but it promises well.The reports regarding spring wheat are somewhat conflicting, and it appears to have been damaged on the low grounds through too much rain.A great deal of the low land was not sown at all.The oats harvest is likely to be late, sowing having been retarded by wet weather.Peas are a good crop, as alse are potatoes.The present appearance of the country generally is described as \u201c never better.\u201d MANITOBA CROPS.The following is a copy of Crop Bulletin No.2, just issued by the Department of Agriculture, Statistics and Health -of Manitoba :\u2014 WINNIPEG, July 26th, 1883.SIR,\u2014I have the honor to report the result of the second series of questions addressed te the crop correspondents of the Lepartment throughout the Province.A circular was issued June 29th to 420 correspondents, of whom 260 have replied up to date.he value of these reports will be better Judged when it is understood that each one is from a separate township.The principal portion of these replies were written during the second week of the current month, at the beginning of which the want of rain was being felt in nearly every district to a considerable degree.Commencing on the llth in the western portion of the Province, and on the 12th in the eastern, showers, followed by heavy thunder storms, prevailed, and supplied the much felt want.The general success of the grain harvest has now been placed beyond a doubt.\u2018Wheat\u2014The comparative acreage shows an average increase of 54 per cent.over 1882.The reports from points throughout the whole Province are of a very satisfactory nature, and large yields are fully expected in the great majority of cases.Though suffering from the extreme and prolonged dry weather in the early part of the season, still only in a very few cases is absolute injury reported,and these occur only where the grain was late in being sown.From very many points reports speak of wheat as \u2018 flattering,\u201d * wheat looks remarkably well,\u201d * wheat favorable,\u201d \u201c wheat never looked better,\u201d ete.etc.In a few cases worms are revorted as injurious, but no serious complaints are made.A very bountiful crop will no doubt be reaped, with the general yield over an average.Oats\u2014The extent to which oats have been sown, as compared with that of last year, shows an average increase of 58 per cent.In a great many localities the spring was backward, and oats sown late were injured by frosts in the early part of June.Serious injury, however, is only reported in a very few places.Grubs or worms are also spoken of as working destruction in some localities.The great majority of reports speak eonfidently of a good average crop, and no fears are expressed of any failure or scarceness.Barley\u2014Though not grown to nearly so great an extent as wheat or oats, barley shows an average increase in acreage of 38 per cent.over 1882.This grain seems, too, to have suffered to a considerable extent from the early June frosts and also from worms.However, very encouraging remarks are made, and a good fair average crop will be general.The dampness of the ground in the early part of the season and the want of rain later on, has caused the straw to be short, but reports generally speak of barley as \u2018\u2018 looking sound\u201d and having a * good color.\u201d Peas\u2014Field peas do not appear to be grown to a very large extent, as compared with some other grains,but they show anaverage inerease in aereage of 46 per cent.over 1832, and appear to have been very generally sown throughout the Province, though in limited quantities.They do not appear to have suffered from frost, and are generally reported as favorable, and showing evidences of à good erop.Potatees\u2014A large increase in acreage in potatoes is reporte Reports as to condition and probable yield differ very much.Frosts are spoken of as having damaged the crop in a number of places, and grubs are also spoken of as having affected them to a certain degree.Rain was wanted to insure a really good STOR: Roots\u2014 ts have been extensively planted generally in the Province, but have suffered severely from frost and grubs.In only a few cases are they reported as having escaped damage, and showing signs of a promis ng crop ; whilst from a great many localities come the reports, * Roots almost a failure,\u201d * Roots poor,\u201d etc, etc.\u2019 from drought, indications point to an abundance in all sections.Relier « felt in some quarters, where the crop j omised to be small, by there being a quan\u2019 ty of old hay on hand.There is no doubt al there being an abundan-s of hay, for all wi 2 are able and willing to secure it.-\u2014 - ST.PAUL, MIWN.AND MAN.RR.The New York Evening Post says there i« just at present a prevailing rage for the denunciation of all the financial management of the American railways, and while there have undoubtedly been some grounds for the prevalent feeling there is also a rabid disposition io bark anl bite at everything.An instance of this comes up in the case of the attack upon the St.Paul, Minneapolis and Manitoba.At least one of the principal morning dailies follows the lead of one of the small Wall street papers in the attack, which purports to be a figuring out of the prospects for dividends on the Manitoba stock.The author of these figures admits in the start that he has not the figures of earnings or expenses for the year ending June 30, 1883, because the annual report has not beea published, but takes the net earnings and the disbursement of them for the year to June 30, 1882, as a basis from which to calculate the prospects of the stock at the end of the year to June 30,1884.This entirely omits the year just closed.The operations for the year to June 30,1882, are stated cdrrectly, as follows, viz.:\u2014According to the annual report of June 30, 1882 : Total net receipts.\u2026.\u2026.\u2026.seen ne o $4,008,852 Disbursements\u2014 Interest.$1,188,081 Miscellaneous \u2026.157,812 Dividends.\u2026.\u2026.\u2026.\u2026.975,000 Sinking fund.s\u2026sccacscu0 702,884 Balance surplus.e .\u2026\u2026.\u2026.\u2026.$ 985,085 In conjunction with these figures, the criticism refers back to April, when the Manitoba Directors made a dividend of 50 per cent.on the capital stock, which dividend was represented by $10,000,000 of bonds of the company issued to the stockholders upon the payment by them of 10 per cent.of the face value of the bonds received, the purpose of the issue of these bonds heing stated at the time to reimburse the stockholders and divide among them the cost of valuable branch lines and other properties which had been acquired with the surplus moneys of the company, and which money, if it had not been invested in ihe property, would have been paid in cash div.dends.Nevertheless, it is assumed in the criticism that this increase of the bonded obligations of the company to its stockholders wiil interfere with the payment of dividends this year.It is claimed that where as the total amount required for interest on bonded debt, 8 per cent.dividends on stock, and for surplus fund,laggregated $3,023,767 in the year to June 30, 1882, and that in consequence of the issue of the $10,000,000 of bonds, referred to as a dividend, the requirements for the year to June 30, 1884, will be increased to, $4,433,796 to pay the same items\u2014in other words, that the company must increase its net earnings in the year to June 30, 1884, by $424,944 over those of the year to June 30, 1882.It will be seen that the operations of the year to June 30, 1883, are left entirely out of this calculation, as they had not heretofore been made public ; but upon application at the office of the company we are furnished with the following statement of the operations of the year to- June 30, 1883, viz :\u2014 Gross earnings.sessonsress » .$9,150,630 Operating expenses, 47 per cent.4,450,030 Net earnings.cccevveeeerverannns $4,7C3,000 The foregoing net earninga are to be applied as follows :\u2014 Total interest on bonded debt, and 8 : per cent.dividend on stock.$3,200,000 The above shows a surplus of $1,500,000, which is applicable to the stock alone, and not due to any sinking fund.The receipts from land sales and the probable payments to the sinking fund are omitted from the above, because the sinking fund for the extinguishment of the first mortgage land-grant bonds is contingent upon the sales of land alone, and not upon the earnings of the road.The company began with a land grant of 2,500,000 acres, upon which, together with the road, were based the first mortgage land grant bonds, to the total amount of $8,000,000.In the three or four years since operations began, the company has sold about 500,000 acres, and with the cash payments received for 1t has retired $2,250,000 of the first mortgage bonds, leaving 2,000,000 acres, valned at from $5 to $6 per acre, with which to retire the remaining $5,750,000 of first mortgage land grant bonds: The errorsof the attack upon St.Paul, Minneapolis and Manitoba, as shown above, are, first, in the denunciation of the issue of the $9,000,000 of bonds to its stockholders as something regrehensible; second, in assuming that the sinking fund is dependent upon the earnings of the railroad ; and, third, that the earnings of the railroad in the year to June 30, 1884, must necessarily fall below those of the year to June 30, 1883, because there will be less construction material to carry for the Canadian Pacific, thus assuming that there will be no further growth of wealth or population in that part of the country.\u2014 ee PRODUCE AND PROVISIONS.MonTrEAL, July 31.Frove\u2014For fresh ground fleur there 18 some inquiry, while the supply of it is well under control.This suggests a firm offering.Buyers give the prefereace to the upper grades, of which prices are firm as quoted.A large quantity of somr flour is still on hand, but there is no demand for it.All round flour, however, is considered good property.The movement to-day has been mainly in retail quaniides.We quote :\u2014 : Superior Extra, perbrl .350 @ $5.25 Extra Superfine.\u2026.-.\u2026.\u2026.600 @ 5.05 Fancy.tia vives oe oe 00 @ 2.00 rn; XUI'S.\u201cer SODOTING + «ce.rerio tienen 40 @ 4.35 Strong Bakers\u2019 [Canadian].K2 @ 5.35 Strong Bakers\u2019 [American].6% @ 675 FINE.0vvenseerrnee corres sc, @00 @ 400 Middlings.\u2018 860 @ 384 Pollards dims Ma 3% Ontario bIES: lepring exiral.28 @ 340 a ¢ [superfinel.$0 @ 220 City bags [deliveredl., 30 @ 3.05 Grain\u2014There was more enquiry for stuff in local grain circles to-day which warrants the assumption that business can Hay\u2014Though having suffered considerably be done advantageously.The principal obstacle to trausactions in wheat is the limited offering and the consequent high prices asked by holders.The feeling is very firm.We quote\u2014No.2 Canada red winter wheat, $1.17 @ $1.18; No.2 white, $1.13 @ $1.14, and No.2 spring $1.15 @ $1.16.The advance on the other side has started a better demand for , which have been morc active at higher prices.Sales were made at 98c.@ 98}¢c.Oats have been bought tor shipment at 33c., which has given thetmarket a firmer tone at 35c.@ 36e.Rye is nominally at 65c.@ 66c.Ocean freights are a shade easier at 3s.to Liverpool and 3s.6d.to Glasgow and London.; Chicago wheat market declined at e opening, but subsequent dealings were made on a firmer market, which closed jc.@ 3c.above yesterday at $1.01} July, $1.01 August, $1.03 September.Corn was weak and closed $c.@ $c.lower at 50%c.July, 508c.August.Oats fell back $c.@ lc., closing at 28c.July, 27jc.August, 264c.September.Engagements to-day were 20,000 bushels wheat and 25,000 corn.The following were the amounts of grain in store in Chicago on the dates mentioned : \u2014 July 28, July 29, 1888.1882.Wheat, bush.5,669,954 1,794, Corn, bush.\u2026.\u2026.\u2026\u2026\u2026\u2026.1,777,113 1,695,786 Oats, bush.\u201c y 124,574 Barley, bush.e.19,744 4,451 4 Rye, bush.a., 78,294 New York wheat was steady at a fractional decline, closing 4e @ 4e lower at $1.13{ August, $1.16} September, $1.18$ October.Corn declined }e @ je, closing at 60c August, 6ljc September, 6lfc October.Ocean grain freights were weak and one farthing lower, at 43d per bushel by steam to Liverpool.Wheat in Milwaukee was easy and lower, the latest despatch showing a decline of 4e @ ÿc from yesterday\u2019s closing, at $1.00} August, $1.022 September.0.2 red wheat in Toledo was dull, but closed firm $c@}c higher at $1.08% bid $1.10 asked cash, $1.09; August, $1.11} September.Corn closed duil at 52c bid cash, 523c August, 534c September.Oats were neglected.The Detroit wheat market was stronger, No 1 white closing 4c higher at $1.07} cash July, $1.09 September.Beerbobm\u2019s cable advices of to-day\u2019s date report the British markets as follows : Cargoes off coast,\u2019 wheat, very quiet; corn, nothing offering.Cargoes on passage and for shioment, wheat and corn, very quiet.Mixeu American maize, prompt shipment, 26:@26s 3d.Liverpoo: wheat, spot, dull; corn, depressed.Liverpool os.2 to 1 California and club white wheat, 9s 2d@9s 5d.Liverpool mixed maize, 58 6d; Canadian peas, 7s 2d.Weather in England seems more settled.Paris wheat and flour quiet.Liverpool fo.red winter wheat, 9s 1d.Liverpool mixed maize, 5s 53d ; Canadian peas, 7s 2d.A despatch from Liverpool at 2.38 p.m.says :\u2014 The market for breadstuffs is lower ; No.1 California wheat 9s 2d@9s 5d ; No.2.do 88 10d@9s 2d; No.2 spring 88 6d@9s ; red winter 99@9s 4d ; new winter 5s 43d, and peas 7s 2d.The weather is fine.Provisioxs\u2014The result of the further depression at the west has been a weak market for hog products here, but lower prices have not brought an increased demand.Several good sized lots of pork changed hands at $18.50, and it is said that sales have been made still lower.Lard is still quoted at 123c@12%c, but concessions have been made.We quote :\u2014 Western Mess.\u2026.1850 @ 19.50 Lard, western, per 1Ib.\u2026.\u2026.00.124 @ 00.1 Hams, uncovered, per Ib\u2026.\u2026.00.14 @ 00.14 Hams canvassed, per lb.« 00.15 @ 00.1 Bacon, per lb.00.13 @ 00.15 Tallow, perlb.Si Tallow in Liverpool was cabled 3d.higher, while other provisions were steady.Pork 71s., lard 46s., bacon 42s@47s, and tallow 39s 6d.The cholera scare has been worked on the Chicago provision markets, which today showed symptoms of decided weakness.Pork declined 25¢, closing at $13.474 July-August, $13.65 September.Lard receded 1730, closing at $8.60 J uly August, $8.75 September.Ribs closed 173c/@223c lower at $7.15 July-August, $7.30 Septemr.Burrer\u2014The few buyers present on the market operate solely for local wants, and the few packages taken are not sufficient to establish wholesale values.To all intents and purposes there is no market.We quote nominally : Creamery, 18¢c @ 20c ; Townships, 16c @ 17c; and Western, 13c @ 15e.HEESE\u2014 There is some difference of opinion regarding the market, and dealers seem to be a little mixed over the situation.The tone, however, is weak, with a moderate movement at from 8jc @ 9%c.The public cable was unchanged at 52s.Eces\u2014There are no new features in the market worthy of record.Complaints about quality are numerous.We quote 164c per dozen, but strictly fresh would bring more.Canada eggs in New York are firm at 22c @ 224c.Asnes\u2014The demand is moderate at steady prices.We quote pots $4.70 @ $4.80 as to tares.RECELEPTS OF PRODUOE-\u2014July 31.G.T.R C.P.R.N.8.R Canal.Corn, bush.15,932 .: Oats, bush.1,200 Cees \u2026 148 Flour, bris.1,625 Cees .1, Ashes, pots.13 Cees ees PI Butter, kegs.es 165 \u201ceee 35 Cheese, boxes.1,016 411 1,022 Whiskey&H W.chee cea Tobacco, pkgs.4 rae Ce Petroleum.55 ASHES, COMPARATIVE STATEMENT.Pots Pearls Total Remaining over 1st Jan\u2019y, DS RE 315 92 407 casse sen sens coca 00e 306 1,045 RECEIPTS.From lst January to lst August, 1883.5,010 270 5,280 From 1st January to 1st August, 1882.4,868 310 5,176 Increase 1st August, 1883.104 DELIVERIES.From 1st January to 1st F August, 1883.ol 317 298 4,615 rom 1st January te 1s August, 1882.5, 595 5,823 Decrease August, 1888.\u2026.\u2026.\u2026.1,208 IN STORE.August 1st, 1883.1,008 64 1,072 \u2018August 1st, 1882.0.000 00 2 2 DYDE & MAJOR, Inspectors\u2014\u2014\u2014\u2014 RAILWAY NEWS.\u2014Work on the Gatineau Valley Railway will be commencedat Hull next week.THE 88.LUDWIG.\u201cThe 88.Ludwig left Antwerp for Montreal on the 2nd 1nst., and has \u2018consequently been 29 days out, her regular time being 14 days.Mr.Munderloh, the agent, expressed hope as previously.He said \u201cI am not without my anxieties in the matter, but the fact that she has not been sighted is reassuring, indicating that she is not on the rocks, \u2018but is sailing somewhere out in the ocean with disabled machinery.I expect almost hourly to hear of her reaching a port with everything safe except the cattle ; for there could hardly be food enough to last 144 heud, and most ent to throw them, or a portion of them, overboard to save them the suffering of death by starvation.A sufficient number would, of course, be kept to meet the requirements of the passengers and crew.he cattle were insured to the amount of £5,000 sterling, and this only partly covered them.\u201d Mr.Munderloh reiterated his confidence in Capt.Keil, the commander of the ship, and expressed his conviction that all would be right.\u2014_\u2014 on RETAIL MARKETS.MonTrEAL, July 31.\u2014Bonsecours market to-day was crowded with market gardeners who were in large attendance, so much so that traffic in the vicinity was greatly impeded.Farmers, however, were in limitea attendance, and the trade in grain was proportionately small.The retail demand for flour was moderate at $2.80 @$3.10 per 100 lbs.Buckwheat flour was not offered.Oatmeal was steady at $2.50.Cornmeal was lower at $1.80, mouillie has declined to $1.50, and bran is also lower at 80c.In grain there was little change.Oats formed the bulk of the supply, and sold at 95c@$1 per bag.Other kinds were nominal.The supply of most kinds of vegetables was large, but the demand seemed to increase, and the distribution was very active.New potatoes were lower at 60c per bushel.Tomatoes from New of the new crops of native tomatoes was received, and sold at $2 per basket.Cucumbers were cheaper at 50c per dozen.Water melons from Virginia brought 60c each.In other kinds a large movement took place at the prices given.The fruit market was well supplied with currants and raspberries, which sold at steady prices.Lemons have advanced to $10 per case, and $7 per box, Peaches were quoted at $3.50 per box, Dairy produce was fairly well supplied at steady prices.The receipts of poultry are light, and prices rule higher, except for turkeys, Meats and fish were unchanged.The following is an amended list of the day\u2019s quotations :\u2014 ml FLOUE, ETS, our, per pounds.,.$28 @ Buckwheat flour, do.Oatmeal, do.Cornmeal, do.Moulllie,do.Bran, do.GRAIN\u2014 Wheat, per bush Barley, per bush Oats, per bag.Pease, per bush, Beans, per bush.Buckwheat, per bag Corn, per bush.VEGETABLES\u2014 Potatoes, per bag.\u2026\u2026\u2026.\u2026.\u2026.\u2026.\u2026\u2026.\u2026.New do per bushel.Carrots, per bunch.Cabbages, per dozen.Lettuce, per doz.Parsley, per bunch, Turnips, per bunch.Mint, per bunch.Leeks, per bunch.,.Rhubarb, per dozen.Jersey Tomatoes, per crate.Montreal \u201c per basket.Green peas, per bush.String -beans, per bush .Cucumbers, per dozen Radishes, per dozen Cauliflowers, each.\u2018Water Melons, eac Celery, per dozen Butter beans, per b Beets, per bunch.Onions, per dozen.FRUIT\u2014 Apples, per brl.\u2026.\u2026.\u2026.\u2026.\u2026.soc.Oranges, Valencia, per case.Lemons, POT CRS.uur vr vnreiniaan HeomQoo SOoSoc SSTFEG SRIF sssse nil l HI = Nd = Frorrirrbberat bern SOOOOSGOSSONWSOOSSO0695 CHOO~OS O=HNOW bi COOOOOOOCOOD COCOONOOO HNDHO OSOOOO FHOOOSOOSOGORBOOAASIOO r box.Bananas, per bunch een Fineapples CACh\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.Gooseberries, per quart .California pears, per box.> plums, per box Peaches, per box.\u2026.\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026.Cherries, per gallon.,.Garden rasps, per quart Wild do per bucket.Red Currants, per gallon.Black d White do.Blueberries, per bex.DAIRY PRODUCE\u2014 Print butter.Tub butter.Cheese .Eggs, new laid, per .packed, per dozen.PoULTRY\u2014 Chickens.per pair .Fowls, per pair.Turkeys, each.Pigeons, perdozen.,.Young ducks, per pair.ve MEATS\u2014 Beef, per Ib.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026.\u2026\u2026\u2026.Mutton, per lb., Lamb, fore quarters.\u201c hind \u201c .Veal,perlb.Pork, per 1b.Hames, per 1b,.Lard, per 1b Sausages, per FISH- Lake Salmon, perlb.Lobsters, per 1b.\u2018Whitefish, per 1b.COoOCOOIOCPCOCROOCHh S06S0SSO9S96S6990606SS0SS Proverb SSRE SNSER SEruIRLSIS2BLIeI2 BRIBIVSII338258 a 8588SbH $T seosscos-S56 SSNSH96 S6606 æ = à CRIES NM ERERAERERERN eo Læ Pike, per |b.Bass, per 1b.Dore, perlb.Salmon, per lb.HE TO THE HAY AND STRAW MARKETS MoNTREAL, July 31.\u2014Hay of all grades comes in very slowly, and 18 firmly held at full former figures.Old hay sold at $10 @$12 ; and new at $7@$9 r hundred bundles.Straw is scarce and steady at $3 @$5 per hundred bundles.The New York market is well sustained.Choice timothy 90c/@95¢ ; good 80c/@85¢ ; medium 65c/@T5c ; shipping 60c; clover mixed 60c @65c ; clover 50c@55c ; No.1 rye straw 55c@60c ; short 40c ; oat 35c/@40c.VERRRSSESTHEN BEENHSSSE SHSSS CHSSR SSSSSSSUSSHSECSSS SSSSSSESUSSESHSSSSLASSS ShSSsSss 2Eesez SeoscHSossosoooso 8885 LIVERPOO, PRODUCE MARKET.July 30, 5 p.ms.d 8, = boroga& on © f soccfioccosossese=; T Flour per cwt Spring wheat.Red Winter.- 118, No.1 California.9 No.2 California.8 Corn(new)percewt.5 Corn (old) per cwt.0 5 5 7 - Ceo (a Hl Oats, per cental.cocoommameoa cy poss Lit Bacon (new).42 Tallow.0.89 Cheese (new).52 New beef.0 No.2 Red Winter.0 = CCOOODIOOCONMBOD ecocotiococconsesc COODVOS © probably it has been already found expedi- 1 Jersey sold at $3.50 per crate.The first | MARKETS BY TELEGRAP TO THE MONTREAL HERALD.CANADIAN.ToRuNTO, July 81, GRA IN\u2014Wheat, Fall, No 1, $0.00 ; No 2, $1.08 @ 30.00 3 No 3, $1.08 @ $0.0); Sprihg No 1, $0.00 @ 30.00: No 2, 31.09 @ 31.19; No 3, $1005 SLT; Barley, No 1, 74e @ (ic: No 2, 68¢ @ We: No 3 Extra, 58\u20ac @ 00e ; No 8, 47e @ 5lc.Peas, No 2, Tse «D 70c.Oats, NO 1, 42- @43e, FLOUR-\u2014Superior, 34.80 @$0.09; Extra, $4.65 @ $4.50.BRAN\u2014$10.00 @ $10.25.BUTTER\u201412¢c @ 16c per lb Market dull, weak and inactive.Flour less firm, but worth quotations.Bran offered at $10.25, with $10.10 nid.Wheat fecling easier; No 3 Fall sold at $1.06 ; No 2