IMAGE EVALUATION TEST TARGET (MT-3) 1.0 1.1 I^IM |2.5 15.0 "^^ ■■■ a^v^ Siii 12.2 Ul Hi 2.0 lU lU u 14.0 1.8 1-25 1 1.4 ||.6 4 6" » '/w/ A5 / ^^^^/ ,f ^^ %j^^ '^W 7 Photographic Sdences Corporation o 'ij. 23 WEST MAIN STREET WEBSTER, N.Y. 14580 (716) 872-4503 <5? ,.^^ ■ d U.i CIHM/ICMH Microfiche Series. CIHM/ICMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques T«chnical and Bibliographic Notas/Notas tachniquas at bibiiogrisphiquaa 1 Tha Inatituta haa anamptad to obtain tha baat original copy availabia for filming. Faaturaa of thia copy which may ba bibliographically uniqua, which may altar any of tha imagaa in tha raproduction, or which may aignificantly changa tha uauai mathod of filming, ara chackad balow. L'Institut a microfilm* la maillaur axamplaira qu'il lui a it* possibia da ta procurar. Las details da cat axamplaira qui sont paut-«tra uniquas du point da vua bibliographiqua, qui pauvant modifiar una imaga raproduita, ou qui pauvant axigar una modification dans la mithoda normala da filmaga sont indiqute ci-dassou9. t 1 t 1 — 1 Colourad covara/ LJ Couvartura da coulaur Colourad pagas/ — 1 Pagas da coulaur f 1 — 1 Covars damagad/ 1 — 1 Couvartura andommagAa -~\ Pagaa damagad/ 1 Pagas andommagies ( t t 1 1 Covars rastorad and/or laminatad/ 1 — 1 Couvartura rastaurta at/ou palliculAa Pages rastorad and/or laminatad/ — 1 Pagas rastaurias at/ou palliculAas t f m I I Covar titia missing/ La titra da couvartura manqua I j Colourad mapa/ Cartas giographiquas 9n coulaur □ Coloured ink (i.a. othar than blua or black)/ Encra da coulaur (i.a. autra qua blaua ou noira) j I Colourad plataa and/or illustrations/ D D D Planchas at/ou illustrations an coulaur Bound with othar matarial/ Ralii avac d'autras documants Tight binding may cauaa ahadows or distortion along intarior margin/ La ra liura sarrie paut causar da I'ombra ou da la diatorsion la long da la marga IntAriaura Blank leavas addad during rastoration may appaar within tha taxt. Whanavar possibia, thaaa hava baan omittad from filming/ II sa paut qua cartainaa pagas blanchas ajoutias lors d'una rastauratlon apparaissant dans la taxta, mais, lorsqua cala Atait possibia, cas pagaa n'ont paa it* filmiaa. D D D Pagaa discolourad. stainad or foxad/ Pagas dicolorias, tachatias ou piquies Pagas datachad/ Pagas ditachias Showthrough/ Transpsranca Quality of print varias/ Qualiti inigala da I'imprassion I I Includas supplamantary matarial/ Comprand du material suppiimantaira Only adition availabia/ Saula idition disponibia D Pagaa whoMy or partially obscurad by errata slips, tissuas. etc., hava baan rafllmed to ansura tha bast possibia imaga/ Las pagas totaiamant ou partiallemsnt obscurcias par un fauillat d'errata, una pelura, etc.. ont iti filmias k nouvaau da fapon * obtanir la maillaura imaga possibia. Q Additional commants:/ Commantairas suppiimantaires: This copy is • photoreproduction. 1 s 1 V ^ d a b ri n n This itam is filmad at tha raduction ratio chackad balow/ Ca document est film* au taux da riduction indiqu* ci-daasous. 10X '!4X 1SX 22X ^x %x y 12X 16X aox 24X 28X 32X Th« copy filmad h«r9 has b««n r«produc«d thanks to tho gonorosity of: D. B. Waldon Library Univanity of Western Ontario (Regional History Room) Tho imagM appoaring hara ara tha baat quality posaibia eonaidaring tha condition and lagibiiity of tha original copy and in kaaping with tha filming contract apacificationa. Original copiaa in printad papar covara ara filmad baginning with tha front covar and anding on tha laat paga with a printad or iiluatratad impraa- sion. or tha back covar whan appropriata. All othar original copiaa ara filmad baginning on tha firat paga with a printad or iiluatratad impraa* sion, and anding on tha laat paga with a printad or iiluatratad iinpraaaion. Tha laat racordad frama on aach microficha •hall contain tha symbol — ^ (moaning "CON- TINUED"), or tha symbol y (moaning "END"), whichavar appliaa. L'axamplaira film* fut raproduit grAca i la ginAroaiti da: D. B. Weldon Library University of Western Ontario (Regional History Room) Laa imagaa auivantaa ont 4t* raproduitas avac la piua grand aoin, eompta tanu da la condition at da la nattat* da I'axampiaira filmi, at m conformiti avac laa conditiona du contrat da fNmaga. Loa axampiairaa originaux dont la couvartura an papiar aat imprim^a aont filmAa an commandant par la pramiar plat at an tarminant soit par la damiira paga qui comporta una amprainta d'impraaaion ou d'illuatration. soit par la 9acond plat, saion la caa. Toua laa autraa axampiairaa originaux aont filmia 9n commanpant par la pramlAra paga qui comporta una amprainta dimprassion ou d'illuatration at an tarminant par ]a darniira paga qui comporta una talla amprainta. Un daa symboiaa suivanta apparaftra sur la darniAra imaga da chaqua microficha, salon la caa: la symbols — ^ signifia "A SUIVRE". ia aymbola ▼ aignifia "FIN". IMapa, plataa, charta, ate, may ba filmad at diffarant raduction ratioa. Thoaa too larga to ba antiraly includad iri ona axpoaura ara filmad baginning in tha uppar laft hand comar, laft to right and top to bottom, aa many framaa aa raquirad. Tha following diagrama illuatrata tha mathod: Laa cartaa, pianchaa, tabiaaux, ate, pauvant Atra filmte ib daa taux da rMuction diffArants. Loraqua la documant aat trop grand pour dtre raproduit an un saui cliche, il aat film* d partir da I'angla aup4riaur gaucha, da gaucha i droita, at da haut an bas, an pranant la nombra d'imagaa nteassaira. Las diagrammas suivants illustrant la m^thoda. 1 2 3 1 2 3 4 5 6 MONTREAL, Irt JANUARY, 1833. SIR. The Year which has juit terminated hu been one of almoat unexampled diffieultv and embarrassment among the great bulk of the Mercantile communiiy in the.Oanadns, owing principally to the Cholera, which broke out early in June last, and raged with great riolenco for more than two months, proving very destructive «f human life, and as a natural consequence, destroying commercial business for the same period, the effects of which are. still felt by most men engaged in any kind of trade. Our annual custom has been for many years past, to take a letrospective view of the preceding year"'e business in exportable Produce, giving also the actual state of the Market at the time of issuitig our New Y^r's Circular, and prospectively to give our numerousfriends and customers in the country the best otiiaion we could form for their guidance in laying in their supplies of jnoduce for the Canada Market for the ensuing year; and we •hall pursue the same system on the present occasion. j A^HES.— At the commencement of the last year. Pot Ashes were saleable here at SSs a'SBs 6d, and Pearls 29s a 29s 6d; but the l^tfreiga advices received about that period, were not calculated to inspire confidence in much if any improvement, and sU subsequent accounts throngh the winter, tended rather to depress than augment their value, and on the 1st May, there was a stock on hand of 1984 barrels Pearls, ind 3252 barrels of Pots ; and adding the receipts for May, 1354 barrels Pearls, and 2777 barrels Pots, forming a total of 3338 barrels PearlSr and til)29 barrels Pots, before there was much enquiry for export, very few indeed having been, shipped before 1st June. When ships arrived and were ready to take in their cargoes early in June, holders of Ashes generally demanded 288 6d a 29s for Pots, and 298 6d a 30s for Pearls, and Very limited quantities were disposed of at these rates, but mostly confined to first sort Pot Ashes to supply orders from Ireland; after which, as well from the discouraging foreign advices, as local causes, the demand almost wholly ceased, and a rather rapid decline was the consequence, from which they scarcely recovered during the season ; towards tlie last of June, Pots were crowded on the Market at 2$SB 2Gs 6d, and Pedrls 278 o 278 6d; nor was there much variation during the entiremonth of July, but in August there seemed k better spirit fbr. biding, owing in a great measure to the short receipts, and a well-grounded belief that a great falling off in the make aitfstbe the natural consequence of very low prices, and the general dibtressed state of all parts of the country from Cholera, and We sold a few hundred barrels Pots at 27s a 27s 9d, and Pearls 28s a 28 6d, and early in September, we sold 1000 barrels Pots at 28s, and 1000 barrels Pearls at 29s, and soon after a few hundred barrels Pots at 29s, and Pearls at 30s ; but we were not then anxious sellers, as most of our customers, for whom we held large consignments, were desirous that we should hold their Ashes till about the 15th or 20th October, when it was believed prices, would be Is a 2s per cwt. higher, and this opinion coinciding with our own, we were the niore disposed to hold for the anticipated advance'; bdt never w6re our f-iends and we more deceived and disappointed than \/hon numerous vessels arrived in October, bringing very limited orders for Ashes, (and what few were ordered being at miserably low rates, justified however by the low and languid Wate of Fdreign Markets;) which caused an immediate panic antong holders, aided also by the large daily supplies arriving, and we were Jlad to make large sales of Pots at 26s 6d, 26s, 25b 6d, and even 25s, and Pearls 28s 6d down to 27b, from the lOtb to 25th October ; and subse. quentlyiwe sold Pearls as low as 26s, and pots 24s, 23s 6d, and even 23s. During the month of December what few Puts arrived sold as low as2is (>'22s 6d, and Pearls S$8. Our advices from Europe, just received to 3d November, give indications of n considerable improvement in Ashes, owing in some degree to the expected short supply from Canada, but more to the great advance on brimstone vhich is one of the principal ingredients used in making' substitutes foir Ashes, but we should be uncandid if we did not say that we hope r 't^er than expect, any very great permanent advance, for we are more than ever satisfied that British made substitutes are inter«erihg to an alarming' extent with the cdnsnmption of Ashes, not only iii the United Kingdom but also iii the Continental Markets, and they appear to be 'produced cheaper ihun Aslies can be manufactured for, when freight and other charges are added. Another bause in our opinion has operated powerfully for three yejirs past to bring Canada Ariies into disrepute and diminish their Consumption, which is their weak and inferior quality, attributable no doubt to the deceptive or patent method of making Pols, which however we now conceive has in a great measure ceased ; still the effects of prejudice once well. founded, .are visible long afler the cause is removed. Formerly 2d, 3d, and even some unbrandable Pot Ashes were ^otight rfler in the English Markets at the usual difference between first sort and inferior brarids, but latterly first sort are not considered too good fo? almost any purpose for which Pot Ashes are used, and the inferior 'qualities remain neglected, or when sold they scarcely coinmand their rektive value. The news just received will no doubt cause some little speculative demand, but we must confess that We hav6 no great ibnfiderfce in looking fovW&rd that Pots will open for spring shipments over 26s 6d a 27s 6d, and Pearls 27s 6d a 288 6d. Bbls. Pkaru. Bbw. Pqts. Bri*. Pearls, Brls. Pots. There were received in 1831— 20.164 29,739 and shipped 19,667 29,246 » » " •• 1832— 14,988 27.720 do, do. 14,002 24,960 Short received in 1832— 5,176 2,019 and short shipped 5,665 4,286 GRAIN, FLOUR, AND MEAL— In our Circular of the 1st January last, we recommended our country friends in buying Wheat and Flour for the Montreal Market to take Ss a 5s 6d as the probable Spring and Summer average- value of Upper Canada wheat per 601bs. here and 258 a 278 Gd per barrel for £ne Flour, and if our advice had been followed, a fair Mercantile profit would have resulted; to the Country Trader and Miller ; Upper Canada white Wheat opened at 6s 3d and fluctuated between that and Gs 9d, while red was less sought after at 5s lOd « 6s 3d. Superfine Flour opened at 28s 9d and fine at 27s 6d at which large sales were made in May on 90 days credit, both for consumption and export; early in June there was a more extensive demand, and as the supplies began to fall off, superfine reached 30s, 3l8 3d a 32s fid and fine 28s 9d 29s fid and 30s. We are fully satisfied that little or nothing was made generally on shipments of Wheat last year, particularly afler the first Spring shipments, and we know on some shipments, positive loss ensued, and on shipments of Flour generally the loss was most ruinous, not producing nett equal to 22s fid a 258 currency per bar.rel here. Kiln dried Indian Meal was in good demand the whole ssason and sold at prices that remunerated the manufacturer well, and we look to a good demand and rather high prices the coming season, but we cannot place the same confidence in Wheat and Flour, indeed judgingfrom Foreign Markets which is the true creteribn (as the consumptive demand in British North America is not equal to the production of the" Canadas with what comes from the United States,) we only look to very moderate prices next season, and we strongly recommend our country friends rather to buy sparingly unless at cunsiderably reduced rates from what was paid last Winter. Lower Canada Wheat of verjr superior quality is selling at 5p a 5s 3d per minot weighing about 661bB. and we doubt if it will be worth more during the Winter : Flour is uncommonly ^U, little Belling except the Rochester best Superfine which will not command 30s even in small quantities, and Upper Canada Fine is onered at 27s 6d at 90 days without finding tturchasrirs. The great increase of population in the Cdnadas by Emigration and the still'greater increase expected in the Spring and Summer from thei same source, may take off a considerable portion of the surplus Grain and Flour in Upper Canada, still the Rochester and other Millers i|i the western part of New York and Ohio are offering to contract for the delivery 3flargequantities of Flour at so reduced a rate that