p.3 The Commodore Has A Boat - Today J.B. Carruthers, commodore of the Kingston Yacht Club, purchased the yacht Gracie for $325. He secured her from a mysterious Englishman, who gives up possession on June 1st. Last summer he bought her for a crisp $500 bill from R.M. Roy, of Picton. He would not divulge his name on that occasion, neither does he do so now. It is said he has sold the yacht having no further use for her. This season he gets a flat-bottomed craft in order to navigate the waters of the Rideau. The Gracie will be an important addition to the Kingston fleet.
THE PROSPECTS OF TRADE
Forwarders' Rates To Be Kept Up.
The forwarders maintain the same rates as last year for the carriage of grain from the lakes, namely 2 3/4 cents per bushel for wheat and 2 1/2 cents per bushel for corn, in addition to the canal tolls at the rate of 2 cents per 2,000 pounds. The effect of the reduction of the canal tolls is being felt, and there is reported to be no less than 1,000,000 bushels of grain at the present time coming forward from lake ports. The Kingston and Montreal Forwarding Company has at present 250,000 bushels of grain at Kingston, which is being pushed forward to Montreal. A tow with 110,000 bushels left Kingston today. So far there is not by any means a heavy demand in Europe, as local supplies are well up to present requirements. The consumption of these would, however, it is expected, speedily induce those in the west who have been holding largely for some time back to place their stocks on the market, and this would create a briskness in the St. Lawrence carrying trade. Most of the grain so far coming forward is American product, and a large proportion of it Toledo corn. The forwarders report a slackness in the coal trade. One of the fraternity stated today that the company to which he belongs has not chartered a single barge in the coal trade, while last year at the same time no less than six of their barges were engaged in this traffic. He added, however, that, thanks to the promising state of the grain trade, the company is able to use its vessels to advantage.
The schr. Herbert Dudley has been chartered by Breck & Booth to carry coal from Toledo to Toronto at $1 per ton f.o.b.
The Murray Canal works are progressing very satisfactorily. Six dredges are at work and only 3,000 ft. are to be excavated before the dredges meet.
The steamer Empress of India will leave Picton for Port Dalhousie on Saturday. She will be docked and receive repairs.
Arrivals - prop. Alma Munro, Toledo, 700 bush. corn; sloop Two Brothers, Cape Vincent, light; schrs. G.C. Finney, Chicago, wheat; Jessie Breck and E. Blake, Toledo, timber, Garden Island.
Cleared - schrs. A.B. Norris, Chicago, light; Lem Ellsworth, Charlotte, light; Sophia J. Luff, Charlotte, light; Herbert Dudley, Toledo, light; Gen. Sigel, Milwaukee, light.