p.3 Board of Trade - Shipping and Freights - Our vessel property has been very unprofitable for some time past, owing to a war in freights, both by vessels and railroads, and many complaints exist respecting preference having been given on through bills of lading to and from Europe with our cities on the seaboard and Ireland, and your Council cannot well see how this can be avoided, while there are so many competing lines of steamships on the European route. The best remedy we think will be for parties to look strictly after their own interests, and are also of opinion that notwithstanding the severe competition for through freights our trunk line have to contend with, there might be more equitable local rates.
The general trade, which has been under the cloud so long, shows signs of improvement. Although we may expect complications and failures, yet the prevalent impressions are that we have passed through the worst, and 1877 will, we believe, show a marked improvement on the past year.
Herewith we submit the returns of this port:
The total value of goods Imported during the year ending 31st Dec., 1876, $4,859,234
The Exports for the same period were 602,234
The Export tonnage was 1,056 Canadian vessels, having a gross tonnage of 157,015 tons. Foreign vessels 448, with a tonnage of 89,462 tons.
The number of vessels arriving at this port: Canadian, 1,173, having a tonnage of 192,454 tons. American, 453 vessels, having a tonnage of 82,902 tons.