The Maritime History of the Great Lakes
Daily News (Kingston, ON), March 23, 1869


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p.2 The Prospect of Trade - There is at present a prospect of the business of the lakes commencing briskly, and the late cold spell by protracting the opening of navigation to a later date than usual gives promise of active operations during the entire season in order to accomplish the amount of business in contemplation. The cities of Milwaukie and Chicago have purchased largely during the winter, cereal and other grains, and the bulk at each place now accumulated is estimated at over five million bushels, while a recent slight decline in prices has been an additional inducement to buyers to invest in the market, and thus the accumulation steadily increases. The prospect of down freights during the approaching season appears therefore certain, and all parties well acquainted with the subject feel satisfied that the price of freights will be sufficiently remunerative. The late cold weather has also been exceedingly beneficial to those engaged in the operations of lumbering, and by it the dull prospect of the early part of the season has been entirely dissipated, and the amount of lumber got out has proved to be far greater than was at first expected. The up freights may thus confidently be looked for as sufficiently certain, and the confidence in the minds of those connected with the mercantile marine of the lakes is proportionately great, feeling that the coming season would not be a repetition of the dull freights of the past. Altogether the commercial portion of the city appears to feel that the present prospect of trade is most cheering, and business men generally speak hopefully of the future.


Media Type:
Text
Newspaper
Item Type:
Clippings
Date of Original:
March 23, 1869
Local identifier:
KN.25580
Language of Item:
English
Donor:
Rick Neilson
Copyright Statement:
Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
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Daily News (Kingston, ON), March 23, 1869