IMAGE EVALUATION TEST TARGET (MT-3) 1.0 I.I 1.25 l^ilM 12.5 pa — \£ m 1.8 1.4 ill 1.6 ^ eat markets. But there is practi- cally now no unbroken land in the Union suitable tor (6) f "1 north- llinois, ;, Min- great >p with )wer ife lat line almost world, ! same llustra- nnipeg 1 miles Moun- i miles LSt and ical'y a undred tiling- in )wth of though 1 lower e rivers instead n these ount ot excelled elp feed ihawing eath the erefore, e of the tited the irvested , for all the vast sductive > of the nd have Durce of 3 practi- tablr tor wheat culture. To keep the world's supply even within ^ghf of he increasing demand these vast ^^anadjan pr^^ries must within the near future come -de^ the husbandman's sway. There is nowhere m the world an equivalent in the way of idle land smtabe for th.s purpose! The climatic conditions of Russia s more northern plateaus are unfavorable, and, m fact, when Tt comes to pass, as it shall, that the present despotic svs^em comes to an end, and the masses are allowed Seat more than merely 'enough to keep then, beyond the Dale of starvation, Russia's whole possible wheat- growtiTg capacity will not more than feed her own im- "l?"taSicf may be depended upon, and the world's whLt produ^mg tlrritory^--^st keep on increasing in order to supply the fast multiplying army of bread eat- ers and if it is considered what has been done in a comparatively few years in the way of deve oping the Nortlmestern States of the Union, and that what has been done in their case is likewise possible in the case of the Canadian North-West, the rich- ness of whose soil Lord Dufferin once remarked reminded him of an English kitchen garden the mportance to Britain of this vast area, forming as i does about forty per cent, of the whole empire, cannot "''NTrnlTd Mtitoba Wheat commands the highest price in every market of the world. ^ Every Canadian is interested m Wheat. It is the warp in the web of the country's prosperity. That the prosperity of the farming community is ?yno"y^o"^ with national prosperity has become a truism. When Th^full development of Canada's agricultural resources comes to pass'wUl depend to a large extent on our- selves. Merely banking on the ^^f.^ "f^^^^^.^d-fo natural resources will not accomplish the wished-tor end^ Settlement of the country by the nght classes as speedily as possible is the first requisite. Every Cana- Cancan do his share towa.ds attracting attention to S^^ possibilities of his own land. Too few a-o"g - value -the immense agricultural possibilities of our wide. Western Prairies. d4 L'' tP ir <^ r^^7) :J| '.I Biicner shops. AVOID the BUCKET SHOP. This is an establish- ment conducted ostensibly for the transaction of a Grain Exchange business, but in reality the proprietor takes the opposite side of his patron's deal. The commodity is not bought or sold in any public market. It is to his interest that his customer should lose. The customer's "Margins" are merely wagers laid. The proprietor is not only a party to the bet, bui is stakeholder as well. The " commissions" charged by the bucket shop proprietor are merely odds in his favor. They are, of course, necessary to give a cover of legitimacy to the transaction. When the fluctuations of price reach the limit of the deposit the proprietor appropriates the margins. A bucket shop proprietor is willing to take all deals offered on any commodity that fluctuates in price. He may call him- self a commission merchant or disguise his business under the name of a '' Corporation ' or " Exchange, " but he remains a common gambler. The bucket shop should not be confounded with the great public markets of the world, where buyer and seller, producer and consumer, investor and speculator meet in legitimate trade. The make-believe buying ot grain in bucket shops will not add a fraction of a cent to the product of the farm. Nor will the make-believe selling increase the supplies of the consumer or lessen the price of his loaf a farthing. The bucket shop victim is a hopeful being He pur- sues his hollow object with the devotion an opium eater has for his drug. But he rarely gains it. Sometimes he wins a small sum, but the proprietor knows he will come brick with it. When he wins a large amount the keeper evades settlement. In the long run, practically speaking, it is impossible to win, because the keeper will not allow it. He has the customer's money when the market is with him, and when it goes against him he can always fail. * There are no assets in a bucket shop. The bucket has no bottom, nor have the bucket shop keepers any mercy. They are among the most heartless and rapacious harpies that prey upon a deluded fraction of every community. (8) Established 1875. J. A. EDWARDS & CO., (incorporated), Members Chicago Board of Trade, RIALTO BUILDING, ^ ^ CHICAGO* One of t^e Oldest and Best Established Commission Houses in America. Commission, One=Eighth cent per Bushel He pur- ium eater ometimes s he will nount the ractically tie keeper ney when s against sets in a ■ have the mong the sy upon a Business of Millers and Grain Dealers receives special attention. Every Order placed immediately on Chicaso Board of Trade. Send Canadian Orders to— THOMAS McLaughlin, 2\\ Board of Trade, Tel. 773 TORONTO, ONT- Refepenoos- All the Banks of Chlcafiro. (9) Future of Milling in Canada* Canada boasts of having the largest individual MUl- ing Concern in the world-that '^'^^^^^ and opera ed bv a single individual. With such possibilities in the mauer of wheat-growing it is not too much to claim Satthe day may come when this will b^ only one of htdreds o'f gigantic milling P^-^.^^^" ^^.[^rpr^^^^ With cheaper trans-continental freights, it »« P^ett> sure to come to pass that the milling capacity of West- ern Canada will immensely increase. The Chicago Board of Trade* Much misapprehension exists as to the functions of thf Chicago Board of Trade. In the minds of many it s nothinlbut a gambling institution. Jh- is a delu- sion On the contrary, over 250,000,000 bushels oi Actual grain are handled annually on the ^oo^^^^^^ Fxchance. equivalent to 350,000 cars. A railroad train of this fx en^t would reach two-thirds way across the Continent. Realize this The storage capacity of Chicago Elevators exceeds 45»ooo,ooo bushels There i^ not a law on the statute books of any State of the SnTon th^'s as exacting as the regulations governing trading- on the Chicago Board of Trade, and these regulations are enforced most rigorously. Irregularity or^dishresty among its members is al-ost u Uno^- With them it is plain, straight business first, last and all the time. A Common Mistake. Men are apt to mistaKe tne sucujjlw v.x ....-- ^ for the strength of their argument. (10) dual Mill- operated es in the to claim ily one of country. is pretty ' of West- U inctions of of many it is a delu- bushels of oor of this Iroad train across the apacity of ;ls. There tate of the governing and these [rregularity : unknown, st, last and Vioir f<»^linp- Buying and SclUng Futures as Hedges in Handling Cash Grain and Flour* In order to facilitate business, dealing in '.' F"^"''^^':; that is in grain for future delivery, ts per mi ted on aU hf leadinl Exchanges of both continents It wou^ be imoossib'.e to handle the grain crops of the wot Id were aTual buying and selling confined to gra.n for imme- diate deUvLry. Future contracts must be entered into. The establish'ing of markets ^^r future months was .^^^ ply satisfying an existing wan . There .. an underly ini tjrinciple that cannot be lost sight of. All the con- dloTt^rt may arise to affect supply and demand in fhe near future have to be weighed and estimated. Grain has a prospective as well as a p -esent va ue ?h""speculati^e eLment, therefore -only an incident of business, but a necessary incident. All eyes tne worM over are turned towards the Chicago Wheat Market? It is not too much to say that for eleven months out of every twelve, Chicago regulates the prices of breadstuffs for the universe. In sp.te of this, Towever, the great Exchange is -garded with ^^^^^^^ nicion in manv quarters. Occasionally a reckless deX will stake his last dollar on the turn of the mar- ket attempting to realize --imum profits from num- mum investment, and comes to grief. "»« f ownta^l s Sded far and wide, and offered as a terrible example of the evils attending Board of Trade transactions The fault lies with the dealer in such cases. He does not exercise the same care and judgment that he would useTn h s ordinary business. He - plunges, and meets the fate that sooner or later always overtakes The reckless. A part of the caution, J"d|ment and nsk necessary in any line of trade, applied to legitimate stiecalSn in grain futures, brings most substantial resv r It is the iU-informcd, the careless or the over- ereedy man who suffers in speculation. greeu^ ^ _ .^ f.,f.,.-«c w«^ have all heard oi As to traamg m giai" iv.v«.- - (") the losses incurred by holders of ^rain when the market drops. As a modest exampU% take the case of the buyer at a country station. Say he has 10,000 bushels on hand. A drop of loc. means a straight loss to him of $1,000. He cannot perhaps sret a bid on his wheal until the market has ^one. down to that extent. On a falling market wheat at the seaboard or on ocean pas- sage will sell, because it can be delivered within a reasonable time. But the man with 10,000 or 20,000 bushels back at some country point must needs hold his wheat and watch his Ic a multiplying day after day. Now this is easily avoided by selling on the Chicago Market a future option, the same quantity as he holds of cash grain at home. He will still lose on his cash holdings, but this loss will be ottset by the profit on his Chicago short sale. The country buyers throughout the Northwestern vStates protect themselves every day in this manner. It is the only way they can be insured against loss should the market turn against thenu In Canada, too, the larger dealers adopt this plan, and it is coming more and more into use among the average Canadian dealer. Then, too. Millers who often must buy quantities of wheat at certain seasons whether they want it at the time or not, or lose their chance of get- ting it to good advantage when they do want it, ma) sell a Future in Chicago and provide against loss b^ a falling market should it set in before they have manu- factured and disposed of their flour. But it is not a falling market alone that the Grain Dealer or Miller has to fear. Often, in the course of a season he is hit just as hard by an advancing market. Men in this business, for different reasons, frequently make sales of grain or flour for delivery later on, without having the necessary stock on hand at the time. The price they sell at may look temptingly high, and to their 'minds they will be able to buy in the grain to cover their sales at a low enough price to make a handsome profit. But the con- ditions may "undergo a change very suddenly, and in- stead of wheat going down it may go up. Then they would have to fill their sales at a loss, small or great, according to how far the market had advanced before th^ir Viniicrht. In ihis case. too. thev mav avoid loss simply by buying a Future in Chicago at the time they (12) sell at I Dut sue pered money there .'i when o Future: \ tial pai 4 handlir >• st)n att * i>rthe£ I trade 1 f done a •; pean C Mi ' • , ''^' gram 1 ^ having { him lai ^ such it gambl If heb pay fo with h motive make c:omm sure a be tei whate delive vou c: May ' can r( in Fui inarkol of lilt' bushels to him > wheat On a an pas- r'ithin a 20,000 hold his er day. 'hicaj^o le holds lis cash t on his )Ui>hoiit L^ry day insured jnu In I, and it iverajjo LM1 must ler they of get- it, ma) )ss by a e manu- is not a iller has hit just usiness, ;>Tain or icessar}' at may r will be at a low the con- , and in- \Q\\ they ir great, d before oid loss me they This is done the year aromul, and with- f " hed}^inj< " trade would be han>- H'll at home. i)ut sueh a means ol ..,..„.-„ 1 1 • 1, u:^ Dered to such an extent that ni>body would risk his inoney in buying up large quantities of grain here and there all over the C:ontinent not knowing at the time when or where it would be marketed. So that trading in Futures is not gambling. It is an important and essen- tial part o^ the prevailing and only possible system ot handling successfully the grain crops ot the world sea- son after season. The foregoing are merely examples ,^ the application ot Futures in their relation to the grain trade proper. What is thus done in a small way is done all along the line of traders until the largest huro- pean Grain Houses are reached. To go outsiae the li-rain trade, and instance the case oi the man, who, having money to invest in something that may make him larger and quicker returns than Bank Stocks and such investments, why should any one say to him he is i^-ambling if he buys May Wheat on margin in Chicago.-' . If he buys Bank Stock, nine times out of ten he does not pay for it outright, merely putting up a part of the price with his broker (in other words, a margin). And his motive is the same in each case, merely the desire to make money. But, some will say, there is no such a commodity as May Wheat. Well, there is ; and just as sure as you buy it and do not sell it before May you will be tendered the actual wheat on the last day, or on whatever other day during May the seller is disposed to • deliver it to you. If vou do not want the actual wheat \ vou can settle with the seller on the basis of price of I May Wheat the dav he tenders delivery to you, or he I can resell it for your account. There is no dead stock in Futures. There is always a market for them. The Intrinsic value of the wheat itself guarantees that. As a practical and familiar example of the reality ot Chicago futures, take the case of United States quota- tions for Corn coming into Canada, which is such an extensive trade at present. The price of May Corn is taken as the basis of calculations. A fixed arbitrary is added to the price Q'i this option to arrive at the price of cash Corn delivered, say, at Toronto or Montreal. If Mav Corn goes down a cent, American Corn for de- droDs a cent. If it eoes up a cent, Toronto liverv hei gfoe? ('3) price follows. It not only follows even cent differ- ences, but }ic. differences. Here we have an at-home illustration of the influence of tie Future Market on the actual cash grain coming into Canada. Puts and CaIIs« Puts and Calls may be called the Insurance of Op- tion Trading. A Put is a privilege bought by the trader permitting him to deliver (or "put") to the seller of the Put, a certain quantity of Wheat at a cer- tain price within a certain time. Puts good for one day (Daily Puts) are the most common. For instance, if May Wheat closes to-day at 67c. and Puts are sell- ing at 66c., this means that I may for $5.00 buy the privilege of delivering to the seller of the Put 5,000 bushels of May Wheat any ilme during the market hours to-morrow at 66c. The seller of the Put be- lieves that the market will not reach 66c., and that he will make $5.00 by the transaction. But should the market sell down to, say, 65 j/^, I may buy 5,000 bushels at that price, and then deliver the wheat to the seller of the Put at a profit of ^c. a bushel, less usual commission. A Call is the reverse of a Put. A Call entitles the buyer to call on the seller for a named quantity of wheat at a fixed price within a certain time. Daily Calls are most commonly used. If May Wheat closes at 67c. to-day and Calls are selling at 68c., I have the privilege of calling on the seller of the Call any time next business day for whatever quantity of wheat is stipulated. If Wheat sells up to, say, 69c., I sell that quantity and then "Call " it at 68c., making ic. a bushel, less commission. ' Puts are often used to good advantage even when the market does not sell below their price. Suppose Puts are 66 and the market sells to 66)/^. Then a trader may buy a quantity of wheat corresponding to the amount his Put calls for, at 66^ or 66j54^. He can only lose j4c. or ^c. even if the market should sell vri ii'L^x. ■fcf nrr% high at- o o Via fpn ♦^I'l Viic Inner vuhf>nt af put price at the close of the day. That is, the Put (14) nt differ- 1 at-home :et on the ze of Op- it by the ') to the at a cer- i for one instance, are sell- 3 buy the *UT 5,000 3 market Put be- i that he lould the uy 5,000 sat to the ess usual ititles the lantity of e. Daily jat closes :., I have 3all any of wheat c, I sell ling ic. a ^en when Suppose Then a mding- to He can lOuld sell wheat at the Put M, a w. \^^K to a certain limit. Similarly Calls confines ^i^^ ^°^,^, /'' 'i ^T„t ^ells up within a fract.on lit in a% event '^^-^X^^'^f^- ^0.000 safely buy half that ^"^"'"y "^ ^^ts ^n ' °vheat and ^wr„,r °n,r;r ^ ^ Sy an e^a^ple of the use "-pV?:Cd cT.ttrCu::1nS;n of the feell;,. preva.lmg at 'he dose ot eacn y ^^^^^ ^_.^ are far away f™"". ' '^i,%"';"?ted. If Calls are far clo-- --^ i^S'IpsTre do e.Xler market is expected. tfTo^^Puxrand C4::s are f^r away a widely flu^^.u- 1.M It is when the unexpected happens that FuTS Pfd CALLS a^e 0" value to'the buyers of these prm- leges. Professional Tipsteis, Inside Information Ex- perts, Partial Profit Brokers, Etc» The advertising columns of many largely circulated 1 he adverusuig »j the flamine: advertisments of "^^'fT/mlrk^experts s^me^^^ self-styled market e'^P=" ' . , is about to do ; some information as to what he market .s^ with an absolutely cermmjst ^^ ^^^ _ your money. . A ^"-"./^^P^.'fo a fix d sum week- r'" Hrwm^tLu oTd pe t7buy a certain quantity of ly Hejv.l tell one F j ^^^^ quantity, wheat, he »." tell another ^.^^ ^^^ ^^^^_.^ One ol them is sure lo oe ju - (15) ^ by the wisdom of the tipster, divides the profiis with him and continues to patronize him. Next time thi.v one will be mated with a new victim, and will probably be the losing one of the tipster's pair, and so the ** expert " is always sure of his share. The mails carry tons oi' literature emanating from these commercial fungi. They may di;iappear in one quarter, but only to bob up serenely in another by-and- bye. They are as full of stratagem as they are of ex- perience and duplicity. Shun their propositions. If it were possible to command such information as these parties promise to furnish, their "clients" need only follow the tips for one season to be able to spend the remainder of their lives as one long holiday. Goulds and Vanderbilts would be found on every street corner, and King Midas' touch would not be in it. I Futur in sc mak Trade Terms* Bear. One who believes in lower prices. Boat Load. 8,000 bushels of grain. Bull One who believes in higher prices. Buying on a Scale. Buying at regular periods on a declining market, making an average price. Corner. Holding grain oft' the market, creating an artificial scarcity with a view to raising prices to an extraordinary figure. Unfortunately for the legiti- mate trader there is no law in force at present that can reach this pest of the trade. The common foot- pad is comparatively honest compared to the man, who, already possessed of more than his own share of this world's goods, seeks to create a situation that brings ruin and disaster on his fellow-men. The for- mer '* holds you up " because he is in need, the latter paralyzes and stops the course of legitimate business only out of a miserable and contemptible ambition to possess himself suddenly of the substance of his neighbors. It is the lust of the vampire. Covering. Buying in Grain to fill short contracts. Curb. Transactions made outside the regular trading hours. Dcilvcfy Day. The first trading day of each month. (16) ds on a int^ an > to an legiti- nt that n f'oot- ? man, share 3n that he for- '■ latter jsiness ion to of his :ts. *adingf nonth. Futures. Buyltm and scWiu^ C'.rain, etc., tor dehvery in sonie future month The seller has the option of making delivery any time durmg the month. Hedging. This is the name given to the mvaluabie priv.leL of protecting one's self in the Option Market aK-ainv,^ open contracts in the shipping market and like the sheltering hedge to the wayfarer when over- taken bv the storm, hedging- insures the g:ram dealer or miller agminst loss when he buys gram without havintr a customer to take it off his hands, m other words, when he speculates on the long side of cash crain ; or when he accepts offers from customers tor quantities of gmiin or flour which he has not already on hand, that is, when he speculates on the short side of the cash article. European buyers make constant use of the Chicago and New York Option Markets as well as of their own home options. Invisible Supply. Amount of Grain in farniers hands and country elevators not included in the othcial visible supplies. Long. One who holds Grain, expecting an advance. nargin. Money deposited with a broker to protect transactions. , . m c- -i . May Wheat. Wheat to be delivered in May. ^similai- Iv Julv Wheat, December Wheat, etc. Building a Pyramid. On advancing markets using profits made to increase one's holdings. Scalping. Buying and selling on trifling market fluctuations. , . , , , ^ . .« Short. One who sells Grain which he has not got, expecting to buy it in at a lower price. Stop Order. An order received by a broker to close out his customer's transaction when the quotations reach a certain limit. . i , «*• Straddle. Being long of one option and short ot another. For "instance, being long of December and short of May Wheat. Or being long in one market and short in another. Visible Supply. Stocks of Gram in regular publ c elevators, together with amount afloat on the canals and great lakes. , ^r ^ *u^ Whipsawed. Buying at the top and selling at the u"^^ ^. .ellm- short at the bottom and buymg in at the top. (17) liii \i i ! 1^. fi ^1 Canada's Millingf Industry and Export Trade in Wheat and Flour. Taking the returns for the year 1897, which was a very active one in the export flour trade, we find that only 421,758 barrels, vahied at $1,540,851, were export- ed. When it is considered that Great Btit.iin alone imports in the neighborhood of $45,000,000 worth of flour annually, it is evident, in face of the extent of our Wheat Crops, that we are not J.Mng ourselves justice in the matter of flour manufacturing for export. This is a condition of things, however, that will most likely adjust itself in the course of time. Mills built and oper- ated specially for the export trade, or, at all events, giving prominence to that branch of trade are a future certainly. There are over 2,500 mills in the Dominion and it is frequently stated that the milling capacity of the country exceeds its needs. That would be true if manufacturing were confined to home demand. But instead of our surplus wheat going out as wheat we want mills located, built and operated specially for the manu- facture of export flour where all the conditions of wheat supply, driving power, freights in and out, etc., are most favorable. The trade of^he Orient in flour is a fast-developing one, and naturally, Western Canada ought to be particularly well fitted to supply that trade. As already stated Great Britain imports about $45,- 000,000 worth of flour annually, but Canada supplies only a mere ftartion of this; in 1897 it amounted to about $800,000. i^cmuda ; plies only tes to the iminate in d article, ind a ship lay would England. Thi«; accomplishment seems a lonj; way off, but it is a I'^Hcr rierlakinK than n.any nations have earned ^"W^::;^& census was taken there ^^J^J^ Don.nion..,55oJoura^gn.^m^^^^^ di Bi il Is .. , The exports m 1S97 vm v..^. i-^ ~- , mills werl as follows: Wheat "-"•. 4^''758 '''^^{^jfl, $t7o8roalmeal, ', s^.o, 9 bbls valued a. $46., 949 = ^11 , hlr mp-.ls J. 208 bbls., valued at $10,593- " The flour w^^ exported to the lollowu.g cot.ntr.es : EXPORTS OF FLOUR. Barrels. Value. ^rf r-'" '■ ; tJ^ *43 , rish'East-lndles:. .■::.•.•:... ..300 5,-9 British West Indies '99 Z Newfoundland ^7.938 .7M74 HongKon^' 3,ooe^ \\^^^ ^i^^'^ ;::; 2,420 9,692 Chma '^ ,0 Hayti /* -i ,2,946 St. Pierre 3,333 94^ United States 4»-70 i>'^ Danish West Indies 37 ^ 42i,758$^540,85' The exports of oatmeal were distributed as follows : EXPORTS OF OATMEAL. Barrels. Value. Great Britain ^38,8S4 $4^4,496 British Africa ^b. b British West Indies ^^ ^ o-u:oV, riinunn ^5 T"«> (19) m pi. u Barrels. Value. ISJewfoundland 2,7 1 ^ $ 7 017 Cnma . . 1 - Denmar! i^^r^ 5^331^ Germany ., .. 805 2,072 2«"^"^ 959 3.235 Hayti II 38 St. Pierre 1 ly Sweden and Norway -.^^4 S»9n United State.s ' 4,j6_^ iiijoy 152,019 $462,949 The Indian meal wont to ^he following countries : EXPORTS OV INDI.VN MEAL. Barrels. \'aluo. British West Indies 23 $ -, Newfoundland 7^1 ■ -^i t. Pierre 48 12^^ 822 $ r,7o An' 1 "dl't" Ilrr 'cattle herdin' round the Slock Kf vou'lvenrthere fer pervisions you'd 'come short of An' yo^get^n: b.iad ner flapjacks from that " future " brand o' wheat. So 1 went away disgusted-them manoeuvres made me An' the l^illnce of the day 1 watched some fellers move \n' I b^'ought a bag o' peanuts as 1 stood a-watchin it An- the pfddlergive me by mistake -^l--^'^^.^^^^^^^^^ An' I took the train that evenm' an T went back home, 1 announced'to Sary Ellen thet Id "^^ ^^/^ere agai^^^^^ An" 1 told her 'bout " the street an bout them dom s But I think^Maiied to mention 'bout that silver county- An' she^'wondercd how them city folks cud get enough From ^?haf" fancy" breed o' pork an' that there " uture " brand o' wheat. Albert BiGKLOW Fainf, in the Centuij (21) i AVERAGE MONTHLY PRICES TORONTO HARKCTS I889 & Jan. Feb. Mar. April May No. I, Hard Manitoba Str. Rol. Flour Winter Wheat Oats Peas Barley I890 No. r, Hard Manitoba Str. Rol. Flour Winter Wheat Oats Peas Barley 1.05 1.03 1.04 1.09 3.90 3.85 3.80 3.90 .82 .84 .80 .86 .30 .29 .30 .32 .55 .54 •54 .53 .43 .44 .37 .45 1891 No. I, Hard Manitoba Str. Rol. Flour Winter Wheat Oats Peas Barley I892 No. I, Hard Manitoba Str. Rol. Flour Winter Wheat Oats Peas Barley 1.03 4.20 .90 •32 .60 .44 .97 4.05 .86 '33 •57 •44 1.03 4.20 .87 '33 .61 •50 1.06 4.00 .84 .32 •57 .50 (22) 1. 16 4.30 1. 00 .36 .56 •50 l.IO 1. 10 1-15 1. 21 4.20 4.20 4^35 4.85 .95 •93 •99 1.06 .45 •45 •53 •57 .60 .64 .68 •77 .51 •52 .48 •53 1.25 5.00 1.08 .49 •77 .56 .96 4.10 .85 •32 .60 •45 Ju» 1.25 1.23 1.36 1.30 1.23 1 4.90 4.80 4-85 4.85 4.70 8 4* 1.07 1.05 1.08 1.07 1.03 mm •37 .35 .36 .32 •31 ^^SiE * •59 .56 .55 •56 •55 • .68 .60 .59 •54 •55 • 1 4 :cs AVERAGE MONTHLY PRICES TOIJOMTO MAi:?I^CTS 1889 3ril May 30 1.23 ■«5 4.70 .07 1.03 .32 •31 .56 •55 •54 •55 .09 1. 16 .90 4-30 .86 1. 00 •32 .36 •53 .56 •45 •50 .21 1.25 •«5 5.00 .06 1.08 •57 .49 •77 •77 •53 .56 .06 .96 .00 4.10 .84 •85 •32 .32 .60 •50 •45 June July Aug;. Sept. Oct. ^ Nov. Dec. 1.08 4-50 .90 .31 •54 •50 1.14 T.IO 1. 00 4.60 4.60 4.40 1.03 ' .99 .95 .33 .33 •30 .56 .61 •55 ■ ^95 4-25 .88 .28 •53 •50 •93 4^05 •83 .31 •53 •45 .96 3^90 .84 .30 .56 .41 l89o 1-15 4-30 •93 .41 •58 •55 1.05 4^25 .90 .42 .60 .50 1891 T.16 4.90 1.04 .48 .70 •55 I .12 4 •75 .99 •51 .70 •51 .96 3-70 .76 •33 .63 .41 1892 .94 3^65 .70 .33 •59 (23) .90 3-^5 .66 .28 .58 .37 .90 3-40 .66 .29 •57 .48 •82 3.20 .62 .27 •55 '49 AA/ERAGC MONTHLY PRICIlS TORONTO MAPr\CT5 1893 t^ Jan. ! Feb. | Mar. April May No. I, Hard Manitoba!' Str. Rol. Flour Winter Wheat Oats i Peas : Barley | 83 i .87 64 28 54 47 I 3 30 67 33 57 47 84 20 66 34 57 45 .83 3-25 .66 '33 •57 •44 I894 No. I, Hard Manitoba! .75 Str. Rol. Flour ' 2.80 Winter Wheat ... . . Oats Peas Barley 75 .75 •73 •73 .71 80 2.70 2.70 2.75 2.70 57 •57 .56 •57 •58 32 .36 •37 •37 •37 52 •53 •53 •53 •54 44 •43 .42 .43 .41 1895 No. I, Hard Manitoba Str. Rol. Flour W^inter Wheat Oats Peas Barlev I896 n'*:fim No. I, Hard Manitoba .73 Str. Rol. Flour 3.10 Winter Wheat Oats Peas Barley 66 23 50 44 .82 .80 3^85 3.70 .80 .80 •25 •23 •51 •51 ■44 •44 .81 3^70 .76 .22 •49 .41 .84 3-30 .68 •36 •59 .36 .78 .79 .81 .84 2.80 2.80 2.90 3^15 ! .58 •58 .6r .69 •31 '3^ •36 •37 •53 •54 •57 .58 •45 .46 •50 •48 •87 4.00 •85 •38 .60 •47 •77 3^50 •74 .21 .48 .39 (24) t^ May .84 3-30 .68 •36 •59 .36 .71 2.70 .58 AVERAGE MONTHLY PRICES TORONTO riAPKCTS 1 893 June .90 3- ' o .65 .37 .56 •37 •72 2.60 .58 •38 •54 .41 July Aug. Sept. Oct. I Nov. Dec. 1.82 •79 1 .76 \ • 3.10 2.95 3- 10 3- •61 .60 •59 \ .38 .39 .36 : -57 .56 •52 1 . . . • .... • • ' 1894 2.70 • 56 •39 •56 .46 .70 2.70 •55 .36 .56 •47 .66 2.65 •52 '3^ •55 •45 1.06 .96 .90 4^75 4^25 3.60 1 1. 01 .87 •74 •43 .35 .30 .62 i .59 •57 .54 •50 .45 1895 ".82'" 3.00 59 24 5' .35 1896 .61 3^40 .66 .21 •46 •35 .40 .64 2.60 •49 •3<5 •50 •44 .62 .66 .69 • 3.20 3-c>5 3.10 3- .62 .64 .64 i . .20 .20 .18 1 . •45 •44 .40 •35 .33 •33 .70 3.00 .63 •23 •49 .40 •79 ;-45 .70 .19 .44 •35 74 .72 20 2.90 58 ; -57 33 •32 53 •52 .40 .66 2.60 •52 •30 •51 .44 .70 .10 .69 •23 •51 .44 .87 4. 10 .84 .31 .44 • 35 •83 2.80 •56 •33 •5' •41 •75 2.70 •57 •31 •54 .45 •73 3-05 .66 .22 •50 .44 97 10 86 20 42 34 (25) AVCRAGI: MONTHLY PRICK TORONTO MARKETS 1897 No. I, Hard Manitobii Str. Rol. Flour Winter Wheat Oats Peas Barley .96 4.00 .83 .19 .42 •33 .87 3-70 .76 .18 .40 •30 •83 .81 .78 .65 3^55 3-70 •74 •73 •75 .18 .20 .20 •39 •39 .40 •31 .30 •30 1898 No. I, Hard Manitoba 1.03 Str. Rol, Flour I 3.85 Winter Wheat j .82 Oats , .25 Peas ; .48 Barley 1 .... Wheat Corners. " Cornering" the market is the name given to the occasional conditions brought about by holding grain off the market and creating an artificial scarcity with a view to raising prices to an extraordinary figure. Unfortunately for the legitimate trader there is no law in force at present that can reach this pest of the trade. The common foot-pad is comparatively honest compar- ed to the man who, already possessed of more than his own share of this world's goods, seeks to create a situ- ation that brings ruin and disaster on his fellow-men. The former " holds you up " because he is in need, the latter paralyzes and stops the course of legitimate business only out of a miserable and contemptible ambi- tion to possess himself suddenly of the substance of his neighbors. It is the lust of the vampire. (26) r.09 1.08 1. 10 1.40 mt '* 4.20 .87 4. 10 .86 4.00 .86 5.10 1.06 sH .29 •54 .30 •56 .30 •56 •34 .61 I^^^K. .... . .40 .40 .... Wm. ES )r. Mav Bi .?« 1 S5 3-70 1 73 •75 ^ 20 .20 i 39 .40 30 •30 10 1 1.40 00 5.10 86 1.06 30 .34 56 .61 40 .... /en to the lingf grain rcity with try figure. ! is no law the trade, st compar- re than his ■late a situ- sllow-men. 1 need, the legitimate tible ambi- ance of his AVCRAGI: MONTHLY PRICK TOPONTO MAPI^CTS 1897 July ' Aug. I Sept. 1.07 4-30 .83 .23 .46 Oct. ; Nov. •97 4^05 .78 .22 .45 1.00 4^05 .83 .23 .42 .32 Dec. .98 3^9" .82 •23 •44 •30 1898 1.02 •98 .90 .78 3^90 3.10 3.10 3.20 •77 .68 .67 .64 .26 .26 .24 .24 .50 •52 •50 •52 .... .40 1 .42 .81 3-30 .68 .26 .60 •50 .80 3^40 .67 .27 .62 .48 We are all familiar with the story of how J^^^ph gave Pharaoh the -tip," and how the l^^er bo.^,ht up everything in sight awaiting the commg famme. 1 his was^he first grain corner of which we have any record. Th^ foUowin^g dates and prices 'f-t^^^- J^^ been done in later times in this respect on the Chicago market: High Price $2 85 per bus. ■ 30 " . May , August .... . August . . . . . May , . August . . . . , .June . .September . .Mav ii (( (( (I 61 >9 38 94? 00 85 (i (27) L WMPAT QUOTATIONS IN f^NCiLLSH HONI^Y Will I l:quiVALl:N rs Pl:l^ hlLSHl:!. IN CANADIAN nONIlY. — ™- •'■ Engrh'sh Quarter, Cental, or 100 lbs. Wheat, Bushels Enf?lish Quarter, Cental, or IOC) lbs. Wheat, Bushels . l^l^iCI or 480 lbs. ot6olbs. or 480 lbs. of6olbs. 'I . '^B s. d. s. d. Cents. s. d. s. d. Cents. H 5 i:'4 28 1 1 6 M "^^^'^ '4 1 1 1 8 75 -o oj^ 87.7 ■ ^w -^4 9^ .S 2 75 3 29 6 oi^ 88.0 'i 184Q '!4 II ■S 2^4 75-6 29 1 6 0/-4 88. ■< -s.S 5 2K 75-9 29 2 6 1 886 ■25 I 5 2-H 76.2 29 3^ 6 l^ 88.9 -■' 1 84 1 25 2 5 ;? 76.5 29 5 6 I^ 89.2 1 i«42 ■ ^843 25 3;-^ .S .sK 76.8 29 6 6 I^ 89.5 25 5 5 s,^^2 77-1 29 7 6 2 89.8 25 6 ^ 3-H' 77-4 ; 29 8 6 2ji 90.1 . '844 25 7 5 4,, 77.7 1 29 9j/^ 6 2 5^^ 90.4 ' '845 .. 1 846 25 25 8 9'A 5 4^ 4,^2 78.0 1 7«..? 1 29 3" ti 6 6 3 90.7 91.0 35 1 1 vS 4:K 78.6 30 1 6 35< 9 1 -3 1847 j6 -•6 26 I) I 5^ 78.9 79.2 79-5 3" 30 30 2 3V2 5 6 6 6 3^ 3H 4 91.6 91.9 92.2 ; 1848 184^ j6 .?>^ 5 5K' 79.8 30 6 6 4J< 92 5 185c 26 5 5 6 80.1 .30 6 4^ 92.9 i8::i 26 36 6 7 5 .5 6^ 80.4 80.7 30 30 8 9?^ 6 6 4:H' 5 93-2 93 5 .852 26 8 5 6K 81.0 30 1 1 6 53< 93.8 '8s' 26 Q^'s 5 7,^ 81.3 3^ 6 5^^ 94.1 18s-: 26 II 5 7K 81.6 3^ I 6 5:H 94-4 t8s 27 .5 .7'/^ 81.9 31 2 6 6 94-7 1 *.-» S 27 I 5 lYx 82.2 31 3V2 6 65< 95-0 .85( 27 2 vS 8 82.5 3' 5 6 6^ 95-3 '85' .85< 27 ■?y2 5 8H' 82.8 31 6 6 63,/ 95^6 27 ,s 5 85-^ 832 ' 31 7 i 6 I 95-9 27 6 5 8.H' 83-5 31 ^ 6 1% 96.2 '85 27 / 5 9 ! 8?.8 i .^' 9^ 6 7^ 96.5 186 27 8 .i ^Va \ 84.1 31 r 1 6 7^-^ 96.8 186 27 g/'2 .5 9^ : 84.4 : 32 6 8 97.1 1 * j\J 186 ^l n .s , 9>4 ' 84.7 ?,^ ' I 6 8K 97-4 28 .1 10 85-0 .^^ 2 6 8V2 97-7 186 28 I 5 i ^o}i ' 85.3 3-^ ?Mi 6 8>i 980 ' 186 28 2 .5 ! loVr, 85.6 \ 32 i 5 6 9 98.3 1 \j\^f 186 28 3^:^ 5 lo3^ 85.9 1 ! r ! 32 1 6 : 6 9X 98.6 28 5 5 11 86.2 . 32 ; 7 ; 6 9% 98.9 186 28 6 5 «!%: 86.5 ' 32 j 8 6 9?i 99.2 186 28 7 5 11^/^ 86.8 32 : 9^ 6 ID 99-5 1 i iy~* 186 28 8 .S ji^'^i 87.1 32 ! II 6 loK 99,8 28 i Q14 1 i 6 n 87.4 33 1 I 6 ^oVn. 100. i 186 (28) i lONI^V ~:l. ,1 Wheat. lbs. Bushels of 60 lbs. 1. Cents. >J^ 87.7 % 88.0 ^h 88. s 886 % 88.9 Vz 89.2 H 89.5 89.8 Vx 90.1 V2 90.4 ■h 90.7 91.0 Vx yi-.s V2 91.6 •H 91.9 92. a M 9^ 5 ^2 92.9 ■*4 9.3-^ 93 5 % 9.?.8 V2 94.1 H 94-4 94-7 K 9.S-0 '/z 95-.? M 95.6 9.1-9 Vx 96.2 M 96. .S h 96.8 97.1 Vx 97-4 V2 97-7 Yx 980 98.3 Vx 98.6 Vz 98.9 y, 99.2 99-. •> Vx 99.8 ^2 100. i i)uicr:.s or \vni:AT IN CHICAGO M/xi^rAirr r()k> nrrv-NiNC: yeai^s. Rant?e for the Year. 1 840 . . . 1841... 1842. . . 1843... 1844.. . 1845... 1846... .847... 1848.., 1849.. 1 850 . . 1851. . 1852. . '853- ■ 1854.. 1855- • 1856.. .857.. 1 858 . . 1859.. i860. . 1861.. 1862. . 1863.. 1864. . 1865.. 1866.. 1 867 . . 1868. 1860, $0 30 & $0 86 37 5^^ 20 50 52 40 40 5« 36 45 50 3' 55 90 I oS I 00 73 50 '' 66 " - -• ' ' 64 " 80 " 1 o 85 " 78 " • 55 " I 04 14" 76'^" 63 55 83 70 78 60 76 I 00 I 1 2} I 20 70 76 • 13 1 40 '85 > 75 I 60 I 04 ' '5 > 13 ' ^5 92 >< 1 12^2 2 26 • 55 2 OT, 2 85 2 20 24 1870.. . 1871 . . . 1872.. . 1873... 1874... 1875... 1876... .877.. 1878.. 1879.. 1880.. 1881. . 1882. . 1883.. 1884.. i88s.. 1886.. 1887.. 1888.. 1889.. 1890. . 1891. . 1892.. 1893.. 1894.. 1895.. 1896. 1897. 1898. / 831/- $0 73X@ $ 99 •/2^' I ox " 89 " 8i>^" 4 83 " I 01^2" 77 , 86 14" 95/s" 91 ^s" 90 " 69^4" 73/8" 69M" 661^" 71 H" 74'4'" 85 " 69 ^A^" 54/8'' 50 " 4834:" 53 *' 64 Ks" 60 V^" I 3».'^ I 32 I 61 I 46 I 28 I 30/4 1 26^ I 76/2 I 14 I 33 >2 I 32 I 43 H 1 40 > 13H 96 9134 8434: 94^^ 2 00 I 0834: 1 08 «4 I 16 9134: 88 65 H 85^ 94^ I 09 185 (29) H/AiA/ii5 r ririE or w ii; wopld. The tbllowing shows the months o( tlie wheat har- vest in the different wheat-growing sections of the world : January— Australia, New Zealand, Chili and Argentine Republic. February and March —East India and Upper Egypt. April — Lower Egypt, Syria, Cyprus, Persia, Asia Minor, India, Mexico and Cuba. May — Algeria, Central Asia, China, Japan, Morocco, Texas and Florida. June — Turkey, Greece, Italy, Spain, Portugal, South of France, California, Oregon, Louisiana, Missis- sippi, Alabama, Georgia, Carolina, Tennessee, Virginia, Kentucky, Kansas, Arkansas, Utah, Colo- rado and Missouri. July — Roumania, Bulgaria, Austro-Hungary, South of Russia, Germany, Switzerland, France, South of England, Nebraska, Minnesota, Wisconsin, Iowa, Illinois, Indiana, Michigan, Pennsylvania, Ohio, New York, New England and Upper Canada. August —Belgium, Holland, Great Britain, Denmark, Poland, Lower Canada, Columbia, Manitoba and Dakota. September and October — Scotland, Sweden, Norway and North of Russia. November — Peru and South Africa. December — Burmah. (30) i« Vfgentine ^gypt. iia Minor, Morocco, al, South I, Missis- ennessee, tab, Colo- South of South of ;in, Iowa, ia, Ohio, lada. Denmark, itoba and , Norway lu re or iMi^oirr duty imyhdlc ON WHDM AND TLOUR ieNTr-RING THE rOIJ-OWING COUMTUIE^; Country. Wheat. Flour. F RANGE - As levied 17 Francs per quintal | GERMANY- ,^ , . ^, As levied ^-^ Marks por qmntal ITALY- - . . , . As levied ,7.5" K- Lire prr quintal r *i I Francs. ' I 3.50 Francs. 16 Francs. 7. JO Marks perquintal i2..^og. Lire per qtl. ^lefie?" i 10.50 Psts. per quintal.U;.:?- P«ts. perquintal. As PORTUGAL- , As levied 8 Reis per ktlo. BELGIUM— As levied 6; DENMARK- jF'ree. i Free. SWEDEN-- j „ . : As levied '.^-To Kroner per qtl.. NORWAY- I ^ . . As levied 160 Ores per quintal . HOLLAND- iFree SWITZERLAND-^! As levied I30 Cents per ^lumtal . . Prohibited. 2 Francs per quintal. Free. G.50 Kroner per qtl. 2.0 Kroner per qtl. Free. 2 Francs per quintal AUSTRO- I As^S:^''^" ix.50 g. Fir. per quintal|3.75 S- Fir. per qtl. * > ield 70 per cent, and above, (31) LL. u go 7) lU •^ 1 ^ .tJ c2 ^ ^ ^ M UTi « Wi O ^ ^" ^ C ^^ g) •>« ?-a ri ^ ^ ^ 8u ^f d\ « a> '"t- «- "^^ X N lo 00 ^\6 ■^ 6 'r Q QiJ »f N N 'O »»■ "5 CT> r- a> •+ 'o I - - CO N ?« l/j f^ N pI 1^ f^'O d*^ vT)' f^ ^ - - 7>i ' N vx) SJvO Q ffXi irj f*5 - - t- On rf r'^'£ r* « N 00 I' f*! 4 •' 1^^' Cf^ "' 00 t-^ - f,SO ^ 'O M "5 - ^00 <>) N On N •?■ "J-vO «- f! f*.00 "3 fO -' -" d> 1^ 'c N cf vd oiod 00 00 I- «- 1^ I^nO i/J 'CvO NO i- 00 ^h CT>o6 f'"/ "f 1^ "f cf> ''; I' cJn N OnQ ic O- 0> iC + ^ - N 'C N 00 'O "I- "5 f.NO •- On "t - On 'A « 'vd ON -f l^vO* "' Q 'C 00 t' I- I^O 'O II", "5^0 I'-QCOO - >d 4^0 no* d> 4 n 4 o" '■';y5 ■nO I-nO O ONO''t- "tiCN ^ "3 t1 1^ c: - >- IC 'O 'TOO On 00 f^OO 4 N N -TOO ifl - '•'! fT 55 00 t^ j'-'vO »o T c; "; T^ "c\0 N-tiTNN OnO' Q't'tNO ©4 ■^ f^. "jO n - Tf nS r'; I--. « 00 ~ 00 1^0 tn 'O ^'",00 1-^ '9 " ^ '? ^N^' rh d 'o d I'no '^ d^ocod ^ hT t^ N N i^ 'c >r f'/ 'j- -+Nd "3 On > " I- 0^00 -< t^ l> "3 vo 'o i^no -too lOOO '*■'<, (^nO^ 4 On t^iad 4^ !■» t» ■' m'vP CO \0 N ff tr, rr l^'vd^ ro t^ ro dod -N-.C ^O OOOONiNiCiOOx^Ot^ qonxT f'j d '^- "^ <") d* i'^ " f^N-0 ro fj c: ro N N "I « M (v) "% >.b£S . o «o t* ffi *^9S S. ^ 15 ^ N n M M ^ ^ ^ -o ^v t :,') li^QO - r^ov^ag j^ ^-^^ to 6 (4 a* ^ ::i^ -^ •f ^ 0 t^ > 0) o ■< z -?; u H < •o M 1;. tj 5 N 00 Po QO„M«NW"^l^O • ■ 1 ; ! u :^ (A £ c v u »o O ; : W2 t~ "7 '-' "* f^ N W 1/2 t- (33) • I WHEAT CROP or THE WORLD ■ WHI 1892-1898 Country. United Statesj Ontario Manitoba. . Rest Canada.! Total Canada 1892 Bushels 5i5'949'00<^ 1893 Bushels 396,132.000 1894 Bushels 460,267,000 20,507,000 17,714,000 29,690,000 22,416,000 14,909,000 16,108,000 5;?o2;oooj 4^^26^|___^^^ I 44,583,000 Mexico ,701,000 42,650,000 49 14,000,000 15,000^000 Total North America . . S. America.. . Europe Asia Africa Australasia . . Grand Total. 579,650,000 453,782,000 55,792,000 1.410.588,000 358,948,000 39»73i'Oooi 37,096,000 18,000,000 522,850,000 81,703,000 1,514,298,000 432,384,000 38,288,000 42,458,000 2,481,805,000 104,915*000 1,521,029,000 429,702,000 54.795.000 43,360,000 2,562,913,0002,676,651,000 (34) RLD WHEAr CROP or THE WORLD 1892-1898 1894 ushels 0,267,000 o,5o7»ooo 7,714,000 6,362,000 18,000,000 22,850,000 o4,9^5»oo° ,21,029,000 .29,702,000 54.795.000 43,360,000 576,651,000 1895 Busheb i89(> 1897 1898 (English Estimate) / ^f ^- % r~7 R.whf^ls Bushels Bushels Busne^^ -^^^ >9;.840°° a|76«ooo ipi^ f^TttrV^ X^:^\ .a,ooo,ooolj6,ooo^o 14,000,000 ^6,200,000 44,000,000 85,000,000 1,437.05^^.000 404.578.000 ;,, 48,842,000 339.397.000 38,400,000 .::4M;;oToL30,497,oooU...4,o30,ooo|.6o,,ooo.ooo (35) LEADING ONTARIO MILLERS, James Clark Ac^^"' ^?^- Hay & Harrison ^1 '^Pi'"'^' John Galbraith A andale. T. M. Brown.. A iston. Henry Norris A hston. Menlees&Co A mon e. Wylie&Co Amonte. Martin & Co ^^T "u u Colin Wigle Amherstburgh. M. Teskey Appleton. Jas. Williams Arden. Malcolm Dunlop Arkona. McLachlin Bros Arnpnor. Brocklebank & Howson Arthur. Jacob Hawkins Arva. Corrie &: Co Atwood. J. L. Eidt Auburn. George S. Baldwin Aurora. D. Clark Ayr. The Goldie Milling Co., Limited. . .Ayr. Stephen Pierce Aylmer. N. Wenger & Bros Ayton. J. O. & H. Moonev Alexandria. Wm. Heise Baldwin. Wm. McElwaine Ballycroy. John Ball Baltimore. A. W. Wilkinson Barrie. G. S. Wakeford Battersea. Alex. Dobson Beaverton. Wm. Lingham Belleville. S. A. Lazier & Sons Belleville. M. Praffamer Benmiller. Bramm Bros Berlin. Jacob Hilborn Blair. Henry Bracken Boston Mills. J. C. Vanstone Bowmanville. (36) iV c: ACC PHj ALl FOl ME J\\ Ti Chei Modern Miller & ^ ISSUED EVERY SATURDAY* ^-EEE?E^^E$2,00 Per Year.-.^- THE ONLY Weekly Winter Wheat Paper..... PUBLISHED. N /'vy^yvxx/- /-/^'/-/^-^^-^ /•"/' ^'^^' ^'-^^ ^ ACCURATE TELEGRA- PHIC REPORTS FROM ALL PRINCIPAL FOREIGN AND DO- MESTIC MARKETS. PROMPT AND RELI- ABLE IN FORMA TION FROM ALL WINTER WHEAT POINTS. /N XV /\ /NX" ./\/^ /V^ j1 sample copy will convince Vou of it$ Ualue y\,rs,/^/\ /^-.^-X/'-s/'v-^ ^/\// Established ilatntt^St's. St. Louis, iVlO. *,878. (37) . Chestnut E. Branlin l^^t u Clarke& Sons o^'mI^h Samuel Lukes I'^^lZt J. &R. Robson ^'^"1°'^- The Wm. Apps Co S'^"!?'^* Wood Bros"^ l'^f''''^\ Shirk & Snider Bridgeport. Hayne& Vizard o"'^?!"* C. E. Pakenham Brighton. Wm. Stewart Brussels. Shirra Milling Co Caledonia. Caledonia Milling Co S^^^'^riu- a L. H. Stephens Campbellford. Summerfeldt Bros Cannington. W. H. Kinsman S:^7°"- „i H. Brown & Son Carleton Place. David Thompson • 5f ^"?^* The Kent Mills Co., Limited Chatham. The T. H. Taylor Co., Limited Chatham. Telfer Bros S^i^^^"**^' Hazlewood Bros Chftord. James Fair Clinton. Alex. McLaren Cobden. A. Pratt Cobourg. M. Snider Conestogo. H. Lovering & Co Coldwater. R. J. Lund Comber. Wm. R. Mack Cornwall. The Deseronto Milling Co Deseronto. Quance Bros Delhi. A. McVean Dresden. Campbell & McNab Douglas. John Brown Dunnville. Haney & Middaugh Dunnville. Drake & Kohler Dunnville. H. Hollingshead Dutton. McRae & McKenzie Eganville. Banfield Bros Eganville. R. L. Penfield ... Elfrida Ratz Bros Elmira Lipsey & Stickney Elora. Geo. Copeland & Son Elmvale. G. H. Boxall Embro. (38) Bell Bros Erin. Henry Hortop Everton. Cobbledick & Williams Exeter. Groves Bros Fergus. Wilson Bros Fergus. Neil McCahill & Co Forest. Sills & Bro Frankford. James G. Whyte Galetta. Scott Bros , Gait. Todd Milling Co Gait. Cranston & Scrimger Gait. J. Dougan Gray Garden Hill. Hamilton Bros Glen Huron. J. C. Wilson Glenora. M. N. Stephens & Co Glencairn. Cameron & Sons Glencoe. Alex. Richardson Grand Valley, P. R. Hoover & Sons Green River. F. L. Green Greenwood. Jas. Goldie Guelph. E. J. Presant Guelph. J. & P. R. Howard Hagersville. The Haldimand Milling Co Hagersville. Lake & Bailey Hamilton. James Dunlop Hamilton. W. B. Robson Hamilton. Geo. Heimbecker Hanover. Thos. Wilson & Son Harriston. Staddon & Flood Harrow. Chas. Kreutziger Heidelburg. Cook Bros Hensall. W. Partlo & Son IngersoU. M. F. Beach & Co Iroquois. Robert Smith Jarvis. Kemptville Milling Co., Limited.. . .Kemptville. (A. S. Bo wen, President.) R. M. Watson Kincardine. Lake of the Woods Milling Co Keewatin. H. S. Howland & Sons Kleinburg. Herron Bros Lanark. Askew & Son Leamington. John Walter Cornish Leskard. G. E. Martin Lindsay. (39) it'' Sadler, Dundas &FlaveUe M"*?' C«; ^.^^^^y. Limited Listowel. A. Moyer & Co London. Hunt Bros London. Wm. Plewes London. J. D. Saunby... .Lucan. Stanley &Dight...-,- Cum-./'-f s Mil!t-K Co. Lynden. R. A. ipson • ^^^^ Valley. Robert rooic Meadowvale. H. A. Brown^. . . • • ■ .Meaford. Wm. Moore & Sons Merrickville. R. M. Easton . . j^ • • • ■ • ■ — ■ ■ ■ ■ ; Meriickville. The Merrickville Millin,, co ^ildmay. Glebe & Sieling Millbrook. Geo. Needier Milton. J. A. McCargar Morrisburgh. Gibson & Co Mount Albert. W. Morley. ".Napanee. A. Craig & bon ^^^ Dundee. F. W. Snider ^^^ Hamburg. Jacob Zurbrigg Newmarket. V. Denne & Son ^^^^ Lowell. N. M. Squire ^^^^^ Augusta. T. Eyre ...Norwich. R-F-H^^^^ ..Norwood. Buck & Co. . . . . . • -^ .Nottawa. John Brackenbridge ^^^^^^ ?°^*:^. iuw ■.■."...Oakville. Foulds & Shaw OmPtnee Thos. and W. Stephenson ;g-;7/v;ne. H. C. Moody .,..| Duncan Thompson Oitl^'^ Martin & Warnock g^^^* f'^^^ hT& fon'^' •.•■•■• : OwerSound. J-Wnght&Son A. Fisher&Son p^.^^^^ James Stark Pakenham. Moyer & Co • Po.-;c Thos. O'Neail & Co P^ri^. WU MoXArum rarih. . n, xTii,-« — (40) Hag-gart & Herron Perth. McAllister Milling Co Peterborough. S. May & Co Petrolia. J. L. Spink Pickering. The Plattsville Milling Co., LimitedPlattsville. Harry Shaw Port Dover. J. L. Buck & Bro Port Rowan. S. J. Cherry Preston. Geo. Shepherd & Son Primrose. David Craig Renfrew. W. A. McKay Renfrew. Black, Kerr & Co St. Catharines. Wood Bros St. George. E. VV. B. Snider St. Jacob's. Geo. Carter, Son & Co St. Mary's. John Campbell St. Thomas. Adcock & Barnard St. Thomas. May Bros St. Thomas. The King Milling Co. of Sarnia, (Limited) Sarnia. W. W. Ogilvie's Winter Wheat MillsSeaforth. (T. O. Kemp, Manager.) Thos. Dexter ct Son Sebringville. W. B. Brown & Co Simcoe. W. Sutton Simcoe. Robinson & Crate Smith's Falls. Bennett & Constable Spencerville. The Hodd & Cullen Milling Co Stratford. f. Beaty Streetsville. J. H. Dracass Streetsville. The Tavistock Milling: Co., LimitedTavistock. Josiah Townsend Terra Cotta. Andrew Little Teeswater. W. R. Thompson Teeswater. J. Cawthorpe Thamesford. vSyer & Mayhew Thamesville. Geo. Rountree Thistleton. Thos. Andrews Thornbury. Foulds & Shaw Thorold. iMonro & Roantree Thorold. S. Mathers Tilbury. The Tillson Co., Limited Tilsonburg. Citizens' Milling Co Toronto. (40 uu tl If ..Toronto Junctio.i. Arch. Campbell Trenton. C. O. Simpson • • • • y^bridge. Gould Bros. Walkerton. John Lee & Son Walkerton. Plewes& Vogan Walkerton. Jacob Steinmiller Wallaceburg. West &c Bonskill Waterdown. A. Robertson^ Waterloo. W. Snider & Co • ^gH^nd. Brown Bros Wellesley. D. K. Weber .Winchester. Eager & Sanderson .Windsor. Thomas Vollans Windsor. Orr Bros .Wingham. Johi Carr. ..... -;:.•; U^* " Wolverton. The Wolverton Milhng Co ... • ^^^^bridge. Wallace Bros .Woodstock. Suitter & Cullen • • • • ^^^^stock. Watt Bros. ' Woodville. A.Campbell .Wyebridge. A. Lummis. . .Zimmerman. Geo. Crawford MANUFACTURERS OF ROLLED OATS, BREAKFAST FOODS, ETC . ^ . Uxbridge, Ont. A. Graham Mitchell. Walter Thomson Toronto P. Mcintosh &Son IZlTo. frdaL7ltt?o°naVFood Co'. (Limit LEADING MANITOBA AND N-W-T. MILLERS. „,., 0, r^ Ardert, Man. ^'^?? t kL'. . . • Boissevain, Man. Hurt & McKay . -^ .^^ Brandon, Mai>. Alexander Kelly & Co clrman, Man. Calvie Milling Co r«rman Man Peter. & Winkle -jman, Man.^^^ D. ivicjueau " - (42) Greenway Bros Crystal City, Man. Joyner & Elkington Fort Qu'Appelle, N.W.T. Fort Saskatchewan Milling Co. . . . Fort Saskatchewan, Alberta. J. W. Cochrane Glenboro, Man. James Innes Hartney, Man. C. Hiebert Holland, Man. Young & Buck Killarney, Man. R. A. Matthias Lacombe, Alberta. Rogers Bros McGregor, Man. E. W. Pearson Minnedosa, Man. R. C. Ennis Neepawa, Man. Leitch Bros Oak Lake, Man. Oxbow Milling Co Oxbow, Assa. East. Joseph Kidd Prince Albert, Sas- katchewan. Geo. McCulloch & Co Rapid City, Man. B. Frill Regina, N.W.T. McCulloch & Herriott Souris, Man. Reimer, Barkman & Co Steinpach, Man. Edmonton Milling Co Edmonton, Alberta. Treherne Farmers' Milling Co. .. .Treherne, Man. Hughes, Hart & Morris Wapella, Assa. East. Russell & Snider Wawanesa, Man. Selkirk Milling Co West Selkirk, Man. Ogilvie Milling Co Winnipeg, Man. R. Muir & Co Winnipeg, Man. Winkler Milling Co Winklet-, Man. Wolsley Milling Co Wolsley, Man. LEADING ONTARIO GRAIN SHIPPERS- H. Allison Adolphustown. McGregor & Co Alexandria. James Keleher Arthur. Conn Bros Ashton. Campbell & Co Avening. Peter Richardson Aylmer. C. D. Fuller Aylmer. * M. Robson Ayr. ... t If i .... Barrie. Rrown & Co Beachville. Archibald Bros • p^j^verton. Geo. Bruce. . . • .Belleville S. A. Lazier 8c Sons Brantford. Samuel Harold .Breslau. J. S. Betzner... '..Blyth. Geo. Powel Brussels. Robert Graham BurlitiKtou. R. G. Baxter Centralia. Andrew Hicks Chatham. J. L.Scott -•'■■■;■ ....Chatham. J. B. StnnKf- ^ ^'' ... .Chatham. W. H. l.ghe....^ ....Clifford. W. D. Williamson .Clinton. R. Irwin. .. Cobourg. Hargratt & Co .Colborne. C. J. M^^^^l"";:- • ; : . .Collingwood. Thos. Long & Bro Delhi Ross & Scott ;Drayton. L.A.Noecker • ' ' . . Dundalk. S. Bell. ^^ ..- •••••. Dundalk. Samuel McCullouch Durham. G. Sparling ..Elora. Carter &Co . . Flesherton. ' ^'"'•o^'lfV^'i.'n ..Forest. Hay^McCahiU ;..... Forest. B-Hk^ck'". :.;::::::::: Forest. B. ilallocK . .... Glencoe. Huston & CO amnd Vallev. Richardson & Mclntyre. . g~."^!^^W C. Foster .Granton. V William Baynes. ..^ Hanover. The Poehlman & Co utmin^s H. M. Fowlds & Son ' Hefoeler* T K Caber Hespeier. J. K. Caoer .... Uderton. Peter Bowey . R. W.Smith J^^\^- Ivey & Allan "!?• .^^ JasrRjchardson&Son ...K-ngsto- - John Mills „ , T r T.irnhull KomuKa. I' t' I VH Kincardine. Robt Bciird ^ :„r«cav V M r.nwdrv Lmdsay. ■«-•' --' — ••■" .■ (44) Hurley & Brady ". Lindsay. Spratt & Killen Lindsay. Joseph Maunder Lindsay. Hay Bros Listowel. R. Pritchard & Co London. Jas. Slater London. John Fox & Co Lucan. R. A. Hodgins Lucan. A. E. Stai.lcy & Co Lucan. S. D. Mallory Mallorytown. W. J. McFarland & Son Markdalo. H. D. Milne Markham. A. Kramer & Co Mildmay. Schaefer Bros Milverton. Walter Thomson Mitchell. Martin Bros Mounl Forest. Eugene Murphy Mount Forest. Lockhart Bros Newcastle. E. H. Thomas & Co Norwich. J. Wales • Oakville. Hogg Bros Oakwood. Clark &c Hannah Orangeville. Johnston Lindsay Orangeville. G. A. Chase Orillia. J. O. Guy & Co Oshawa. The L. J. Coryell Seed Co Oshawa. The Oshawa Grain and Produce Co., Limited Oshawa. W. A. McLean Owen Sound. B. W. Dunnet Pakenham. R. J. McClelland Palgrave. M. Ryan Paris. J. P. Millar Pembroke. John J. McBain Peterboro. W. H. Wrighton Peterboro. T. Laing & Co Petrolia. John Hume Port Hope. William Ross, Grain and Seeds Port Perry. A. A. Wright & Co Renfrew. R. D. McKenzie Ripley. S. G. Wigle Ruthven. Geo. Carter, Son & Co St. Maiy's. E. Berwick & Co Shelburn (45) e. S. F. M. OTlynn Shelbtmu'. J B. Jackson Stratford. James Prmgle Cf..«tfnr.! Koss ^ Reddaway ;;;;;;; ;^:^|j;;t. tA:BHnk;:;:::;::::: Teeswat.. Dunn & McDonald -If '^nV^rJ Mccosh&co ?;; V J. C. Bisaillon ^'/bu.y. Ino.A. Jamieson VTT j. Richardson Jf "T .-c Ross & Scott T.lsonburjr. James Carruthers & Co J^*'^" ''• L. Coffee & Co J>^'-^"^^- VV. D. Matthews & Co 1 oronto. Crane & Baird J°''°"[^- Thomas McLaughlin Z"" .''' D. O. Ellis Toronto. J. C. McKeggie & Co J"''°",^°' S. McNairn T^u^i''* Gould Bros Vt'^u''-^^''' RobertNelson Hr'^^r^u" W. D. OXeary Wallaceburg. James Annett ^rt-!Z J.H.Long Whitby. Walter S. Malone Wmdsor. . A.Laing Wyommg. GRAIN, FORWARDING AND COM- MISSION AGENTS* W. H. Mackenrot Fort William, Ont. -y^ Tully Fort William, Ont. Herbert H. Winearls Fori William, Ont. II LEADING MANITOBA AND N.W-T* GRAIN SHIPPERS- Goldsmith & Haig Alexander, Man. A. Fenwick Alexander, Man. A. McBride • Alexander, Man. (46) 1 Wilson & Co Arden Man. K. Campbell Brandon, Man. A E. McKenzie ik Co Brandon, Man. T* H. Rea & Co Brandon, Man. C; L. Riesberry Brandon, Man. James Johnston Bo.ssevam, Man. ^ P. Graves Bo.ssevam, Man. n 17 Tsivlnr Carman, Man. Ymine Bros Cartwripht, Man. The Canadian Northwest Elev. Co.CypressRiyer,Ma.i. Ring & I'arr Crystal C.ty. Man. Alex.Waddell Dommton C.ty, Man. T E. Greenwood Douglas, Man. S A McGan Elkhorn, Man. R. Logan & Co Glenboro, Man , Z Trvnn Grenfell, Assa. E. a"d chis'ho m :::::::::: criswoid, Man. fohnb?wo'rt • • . Hi|h Bluff, Man. Lian Head Farmers- Elevator Co. Ind. Head,N.W.l. n • V, \1 ir^i'Lmes ■■■.■.".■..... Moosomin, Assa. E. p'1 R^ke/rCo ; : Moosomin, Assa. E. E. A. Baker ^Lo Moosomin, Assa. E. Jitchc^ 3; Montague ■:ZTAtr^' Y:. It Parker • " ' • Morden, Man. Adamson & Parker ^.^^^ ^^^^^^ ^^^ w''"^'" f Rr^; PJ""^ Coulee, Man. Wagner Bros j^ p^^j^j Dennis Brundnt ^J^ r^ u \T Rnlvea •• Qu'Appelle, Assa.E. o • ^' u Rathwell, Man. ^' ^^u\\ Shoal Lake, Man. A. Marshall Sintaluta, Assa. East ^^H/k^en :::::.:: sew.n,Man. ^""^nlcn^ Souris, Man. ?Trtlter ■.■■■■■• Virden,Man. S. S. Colter Virden, Man. John Joshn Wapella, Assa. Alex. Knowles • • • ^t,[;e^o^d,As a.E. Richard Street (47) i ^ \^P James Nicol Whitewood,As'a.E. A. Atkinson Winnipeg W. W. Dines Winnipeg S. W. Fariell & Co Winnipeg W. Gibbins & Co Winnipeg J. Harris Winnipeg H. S. Paterson Winnipeg Manitoba Grain Co Winnipeg A. McBean & Co Winnipeg W. C. Graham, box 218 Winnipeg D. H. McMillan & Co Winnipeg R. Muir & Co • • Winnipeg; R. D. Rorison Winnipeg Samuel Spink Winnipeg Thompson, Sons & Co Winnipeg E. O'Rielly Winnipeg Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. Man. CORN SHIPPERS* E. R. Ulrich & Sons Springfield, 111. J. S. Lapham & Co Detroit, Mich. BAG MANUFACTURERS* Canada Jute Co Torontofe Montreal. Dick, Ridout & Co Toronto & Winnipeg BREWERS AND MALTSTERS* John Labatt London, Ont. L. Kuntz's Park Brewery Waterloo, Ont. (A. Bauer, Manager.) BISCUITS AND CONFECTIONERY* D. S. Perrin & Co London, Ont. LEADING FLOUR & GRAIN DEAL ERS IN QUEBEC PROVINCE. A. (Flour — F. Grain — G.) Bussiere ¥ . . . ^.^f Abbotsford. -. . . F & G Abbotsford. / '\y\ yh>\^ I (48) 7 X. Hobort I. Abbotsf ord ^w Puffci - & Si. Pkiie..G, F Feed l . . . Abercorn. UC H. H. Barnes F & Eeed^.l .Abercorn. ft9. j\ i IIiildri>uii..Q,F&Gin ! > t MillAdamsville. / a Jos. Touchette F. . .^^: Adamsville. {/g R. H. Sayer F & Feed-*ft*<^Aylmer. V/9 E. F. Currie F & Feed Bedford. fi. CoBiott rrTT-rrTTrr F & Feed . Bedford. gii On fciamnr(jhi*-rrrrH7-t^^Sc-eT Berthier. JiiiiB'ii igiioyln .^ jC & F . . -t ^ ... Berthier. yM'^M. Delaney F & Feed^..X^.Brigham Junction. A. Ai ItiMittM ' . ■ . Q ^, F fli F ci Jd Brome Corner. P. J. Wit ' hOll &> Co. .G, F & Ft^ed". . Buckingham Stafn. CP F. A. Thompson G, F & Feed . . Buckingham Stat'n. ^ St (7 J ^^ ' ^ ^^ Buckingham Stat'n. Wils e n A MotJrragfiiiF 'i M Calumet. ^ Hnll Fr^T A J '^' ^^ Calumet. ^P H. Lemay fl.^-. .F, G & Feed. .Calumet. ^^ftbmmgam t* i ■ > . F, G & Fe e d . . Calumet. J ^3. Thibawdmu F Champlain. ^ Theo. Marchand.. . .Grist Mill Champlain. II. "Ai Dluuoho ii Co.F a FLu d Cookshire. I'TC Cookshire F. M. Co.G Cookshire. gor i yh i t Ji TulI F, F i i iI "i C . . Cowansville. «' EM ' It f iitar i . i ■ . . ■ . . . G ^ F & Fee d . . Cowansville. /O E. A. Piche F & G Drummondville. f(^ O. Chavelier & Fils..G. . .^»>#'?f^ . Joliette. France Rivet G Joliette. R. Stafford F Joliette. S. P. Champoux F Joliette. E. Mills & Co G & Feed Knowlton. Owen McLaughlin.. F & G Knowlton. Omer Bunbenue F L'Ange Gardien, E. C. Gagnon F & G L'Acadie. M. Berchard F, G & Hay. . . L'Acadie. Giles Bros F, G & Feed . . Lachute. W. J. Todd F & Feed Lachute. P. Campbell & Co. .F & Feed Lachute. C. R. Clough & Co . F, G & Feed . . Lennoxville. E. Leblanc F & Feed L'Epiphanie. C Rpo.irlrvjn F * FppH L'Eniohanie. (49) A. Carrier &Fns....G,H,F&SeedsLevis. R. Lambert F & Feed Louisevi e. Pierre Lessard F & Feed Louiseville. O. A. Thompson . . . . G, F & Feed . . Magog. A. H. Moore & Co. .G, F & Feed. .Magog. R. E. Goyette F, Feed & H . . Magog. G. K. Nesbitt F, M, G & FeedMansonvi le. R W Oliver F&G Mansonville. C' Lebrun F Maskinonge. M. J. Smith F Megantic. J. L. Smith &C Son. (Fi^SSntsI Montreal. Edgar Judge Montreal. Joseph Ward & Co Montreal. Metcalfe, H. D Montrea . A. G. Thomson Montreal. Hugh McLennan Montreal. Alex. McFee & Co Montreal. Crane & Baird Montreal. Jas. Carruthers & Co Montreal. Owens Bros G H, F & FeedMontebello. Thos. Baird G Ormstown. R. T. Walsh H, F & Feed . . Ormstown. F. X. Cloutier F & Feed Piedmont. W. Brown & Son.. . .G, H & Feed. .Point Fortune. P. G. Bussiere&Co.G, F &c Feed. .Quebec. Wm. Carrier G, F &l H Quebec. D. E. Drolet G, F Quebec. J. B. Renaud & Co..F, G, Feed & Seeds Quebec. Poitras & Co G,F,Seeds,etc. Quebec. A. T. Tanguay F. & G Quebec. M. Steel & Co G, H, F Richmond. A. MacKenzie F, G & Feed . . Richmond. Bernard & Fils . . . .F &, G Rigaud. H. P. Grange G River Beaudette. S. Kerr G&H River Beaudette. J. A. Rosseau F St. A. De La Parade. J. E. Grandbois.. .F&G St. A. De La Parade. P. E. Clouter F&G St. A. De La Parade. F. O. Lamarche. . . .H, F & Feed .St. Cuthbert. J. O. B. Lafreniere. .F St. Cuthbert. uqueiLC Ow i^cgaic.r, kj ol. j^u3La.«^nt:. A. p. Belair F&G St. Eustache. (50) Pierre Perfontaine. .G &. H St. Hilaire. F. St. Jacques F & Feed St. Hyacinthe. Bernier & Co F St. Hyacinthe. Jas. Brodeur F St. Hyacinthe. C. R. Cousins F & G St. John's. Simard & Godin F & G St. John's. J. A. Benoit G&cU St. John's. L. Paradis &c Son . . F St. Julie. Louis Roberge F St. Julie. R. Stewart F St. Julie. Ker Monahan F & Feed .... St. Lin. J. A. Lambert F, Feed & G . . St. Lin. A. Grenier F & Feed St. Rose. J. B. Clement F St. Scholastique. J. N. Dumoulin F St. Scholastique. W. Arbour F St. Therese. C. Cloutier F St. Therese. L. E. Dastous & Co. F G Sherbrooke. W. R. Johnston Feed & F South Stukely. J. R. Bridge F & Feed South Stukely. M. Cyr F G Stanbridge. L. T. Pare G Stanbridge. C. Gauvreau G&F Terrebonne. P. Ouimet G Sc F Terrebonne. O. Lebeau G&F Terrebonne. L. N. Jourdain G Three Rivers. L. T. Cornier G Three Rivers. L. Brunelle & Frere.G Three Rivers. T. Bournival G Three Rivers. McDonald & Robb.. Flour Mill Valleyfield. E. D. Lawrence G, F & Feed. .Waterloo. A. T. Savaria & Co.G, F & Feed .. Waterloo. R. C. Gilmour F Waterloo. J. W. Benjamin Feed West Brome. D. C. Homer F M West Shefford. N. Deroches F M West Shefford. LEADING FLOUR AND GRAIN DEALERS OF NEW BRUNSWICK. lacob White Bathurst. A. F. Copp Bay Verte. (50 A.J.Leblanc Dalhous e. A. H. VanWart Frederic on. A. A. Sterling Fredencton. Chas. LaBelle {f^^^f R'^^-*' Chas. Fawcett Monc on. J. P. Reid&Co Moncton. R. Toombs .Moncton J.A.Rundle S^^^i?, T H Grant P^rt Elgin. W. F. Hannah Richibucto W. Dunlop & Sons St. John. Fowler & Calhoun St. John. C. H. Peters St. John. Potter & Co o ] u A. C. Smith & Co St. John. F. Tufts & Co S^'i''^"; F. M. Murchie St. Stephen. R. C. Tait Shediac. F. S. Trites f.Tf^?' a J. F. Dorothay Weldford. John Graham Woodstock. if k LEADING FLOUR AND GRAIN DEALERS OF NOVA SCOTIA. C. McDonald Antigonish. C. B. Whidden & Son Antigonish. N. P. Spurr Aylesford. J. H. Christie Barnngton. J. B. Chute Berwick. H. H. Norwood Berwick. P. Nicholson Bridgetown. C. B. & R. C. Dickev Canard. G. A. Crathorne Dartmouth, R. J. Mafcheson Dartmouth. E. Burnham & Son Digby. A. McLean Ferrona. J. P. Cox Halifax. A. G. Cunningham Halifax. E. Erb & Co Halifax. A. Gunn & Co Halifax. fhos. Lynch Halifax. (52) Moir, Son & Co Halifax^ E. Morrison & Co Halifax.*" Wm, Muir, Son & Co Halifax. J. B. Shaffner & Co Halifax. James Gates Kingston. Geo. Armstrong Middleton. New Glasgow Milling Co New Glagow. P. Brown & Son Pictou. N. Eraser Pictou. J. L. Bishop Port William Stafn. C. H. Harrington & Co Sydney. Thos. McKay Truro. W. C. Sumner Truro. BRITISH FLOUR' AND GRAIN IM- PORTERS. (Flour— F. Grain— G.) GLASGOW. R. Hunter Craig i"^ Co. F 12 Waterloo St. F. & R. Cassels . . . . F 55 Waterloo St. Jno. L. Cassels & Co.G & F 25 Wellington St. Peter Dowie & Co . F Dunlop Bros v\ heat & F 11 Bothwell St. J. A. Dunlop &Co. .F 25 Wellington St. Thomas Dunlop & Sons, Ship Owners, F, Brokers. . . 70 Wellington St. Farquhar Bros F 81 Hope St. Archd. Hamilton & Sons Oatmeal, G & F 25 Robertson St. John Jackson & C0..G & F 79 Hope St. D. & W. Ker F 26 Bothwell St. John McNairn & Co.Mlrs" Agts.&F. 104 Brunswick St. James Osborne & Co.G & F 51 Miller St. S. & A. Runcie. . . . . F 27 Hope St. Telfer & Huey F i2i-i25Candlenggs Bruce & Wilson 70 Wellington St. M. Kosmack & Co P. Rintoul,Son & Co 81 Hope St. Crawford & Law 81 Hope St. Dempster, Peterson Si, Co "1 Union St. Mowat Brothers 7 Madeira Court. (53) LIVERPOOL. Crawford & Law Feinvick Court. R.HunterCraig&Co.F 19 Brunswick St. Barnes & Co 10 Drury Lane. Robert T. Curphey..F 22 Fen wick St. Kruger,Darsie&Co.F 18 Brunswick St. C. & J. Murphy F & Feedstuffs.Corn Exchange. Reid & Glasgow . . . . G & F PiUman & Phillips Tapscott, Kitchen & Neville Importers of Clipped Oats, Peas and Feed, *' Don Mills "...Chadwick St. F. W. Young & Co 6 & 7 Goree. Home Brothers M. Kosmack & Co Hall, Leigh & Co 22 Fenwick St. LONDON, E.C. R.HunterCraig&Co.F 20 Corn Ex. Cham. Robert Adams & Co.G & F South Sea House. A. F. Langdon F 39 Seething Lane. Begbies, Ross & Gib- son F&G Comm . . 2 East India Ave. John J. Carter Wh't & F Com.41 Seething Lane. Grimsdale & Sons, "j Chief Office, Ux- -F&G 2 Catherine Court. bridge, Eng. J Haslam & Makovski.F Corn Exchange. Wm. Klein & Sons F [within. F. Lenders & Co G & F Com. ..118 Bishopsgate St. Mann & Co F 15 Seething Lane. Ar. Margetson& Co. Wheat & F.. .36-38 Seething Lane Robert Marr F Corn Exchange. T. S. Medill F & Miller Agt. Dunster House,Mk. Lane. W. M. Meeson F 50 Mark Lane. Morris & Co F & G 79 Mark Lane. Pillman & Phillips . . Millers'Agts.F. Tapscott, Kitchen & Neville Importers of Peas and Feed. 34 Seething Lane. (54) Walkers, Winser & ♦• Hanim F&G i Muscovey Court. EDINBURGH. R.HunterCraigf&Co.F Corn Market. M. Kosmack & Co BRISTOL. M. Kosmack & Co Arthur James & Co 15 Queen Square. Collier & Son Chamberlain, Pole & Co F & Cereals. . . Broadmead&Union F. W. Sinnock F [Sts. Pillman & Phillips MANCHESTER. Hall, Leigh & Co. . .G & FeedstuflfsCorn Exch. Bldgs. Henry B. Rudolph. .G & F Hanging Ditch CORK. R.HunterCraig&Co.F 74 South Mall. Wm. Bannister Millers'Agent& Prod. Broker5 South Mall. Byrne, Mahony& Co. F Imp 86 South Mall. LEITH. R.HunterCraig&Co.F Bruce, Boyd & Co. .F&GCom.Mer. Herdman & McDou- gal F&GCom.Mer. Leybourne, Watson & Co F& Gimp Wilson & Burnie F&GCom.Mer. M. Kosmack & Co . ABERDEEN. William Yule Pro. Merchant. 27 & 29 Virginia St. Marshall Bros WESTPORT. R.&H.Hall, Limited. F Importers. . . SLIGO. W. & G. T. Pollexfen /r^:,^ TT\.^., & {Jo Direct Importers, Aiauc, i (55) lour, etc. DUBLIN. R.HunterCraig-&Co.F i Crown Alley. M. Kosmack& Co. . BELFAST. R. Hunter Craig- & Co 43 Warring St. Frank F. Figgis .... F & Feedstuffs. 1 1 Warring St. Shaw, Pollock & Co. , Limited F Byrne, Mahony& Co. F 29 Rosemary St. Pillman & Phillips Mowat Bros M. Kosmack & Co W. & R. Barrett... .G. & F 15 Victoria St. A. Manderson F. ik. Feed .... 1 CONTINENTAL FLOUR AND GRAIN IMPORTERS. AMSTERDAM. Johan Koopmans & Co. . . .Van Der Zee & Grippeling. Mathieu Luchsinger C. Moerbeek. H. F. Osieck Gerhard Polak. L Tas Ezn M. Witsenburg, Jr. A. P. Van de Water & Zoon.Busling & Heslenfeld. ROTTERDAM, Busling & Heslenfeld Ledeboer & Van der Held. Altona Bros Piet Penn. HAMBURG. August Blumenthal Carl. Aug. Hermann. Gustav Kruger Wm. Astheimer. Gebr. Arnold P. Leschitzki. L Heilbut Siegfried Pels. 10 Alsterthor. August Blumenthal ANTWERP. Eugen Baumann BERLIN, 13 Dessauer St. H. & R. Wertheim BERLIN, M. Kosmack & Co. (56) H. A. Inselmann ALTONA (near Hamburg, Germany.) J. D. Barth BREMEN. Chr. Meybohm BREMEN. Adolf Goldsmidt LEIPSIC. Wilh. Fischbeck & Co KIEL. Job. Frimodt COPENHAGEN. Brodera Lindquist GOTHENBERG. Ludwigsen & Schjelderup.. .CHRISTIANIA. CANADIAN GRAIN INSPECTORS, E. Adamson Toronto, Ont. W. J. McNeil Belleville, Ont. J. Hurley Peterboro, Ont. Frank E. Gibbs Fort William, Ont. David Horn Winnipeg, Man. H. Labelle Montreal, Que. (57)" |i OFHCIAL LIST OF MEMBERS or THE CLEARING HOUSE. or €bicado Board of trade CORRESPONDENCE INVITED* Adams, Samuel O. Adams & Samuel. Allen, Grier & Zeller Co. Allen. N. VV. Allerton. S. W. American Cereal Co., The Anderson, John Anderson, W. H. Angus, James Applegate, W. J . Armour & Co. Ash, Isaac N. & Co. Bailey, E. W. &Co. Baldwin, C. F. Baldwin, J. A. Baldwin, Gurney & Co. Baldwin & Stone. Barber, G. M. Barrel!, Finley & Co. Barrett, Farnum & Co. Bartlett, Frai;ier & Co, Baxter, T. M. & Co. Beach, E. A. & Co. Beebe, Wm. H. & Co. Beers & Hanson. Bennett, Thos. & Co. Bentley, C. S. Berry, C. D. Blacicman Bros. Bliss, A. H. Bliss, F. T. Blumenthal, I. Bluthardt. R. E. & Co. Bogert, W. B. Booth, W. S. & Co. R^..^ T . „U_-v- O- '^-» Brenton, H. N. Brockway, Geo. Brosseau & Co. Broughton, J. W. & Co Brown, G. D. Buckley &. Co. Buell Grain Co. Cal. Gr. and El. Co., The Canby, C. H. & Co. Carr. H. H. & Co. Carrington, Hannah & Co. Casaard, Vernon Cassidy, J. A. Chandler, R. G. & Co. Chapin 8i Edwards Chapman, Walter & Co. Chi. O'Neill Grain Co. Congdon, C. B. & Co. Cooke, M. E. Counselman, Chas. & Co. Counselman & Day Cowles, Wm. H. & Co. Crafts, M. B. Crafts. S. J. & Co. Crawford, T. D. & Co. Cudahj', John Curry, A. C. & Co. Curtis, B. & Co. Cutler, A. J. Danforth, D. F. & Co. Day & Co. DeGolyner, N. Dickinson, Alb't, Co., The Dickinson, John & Co. Dole, J. H. & Co. Dutch, J. B. & Co. (58) Edgerton & Winans Edwards, J. A. & Co. Esfan, W. M. Eggleston, C. B. & Co. Eschenburg & Ualton Everingham, L. & Co. Field, H. B. F"ish, R. P. Fisher, B. G. & Co. Kiske, Thomao & Co. Flint, H. L. Forsyth, W. B. Fort, Jas. M. Foster, B. N. & Co. Foster, H. L. Frost, F, S. Gaylord, A. P. Gaylord, W. S. & Co. Gaynor, Johri^ Geahart, L. C. Geddes, Kirkvvood & Co. Germain, C. C. Gerstenberg & Kroeschell Giddings, E. E. & Co.aa GiflFord. C. E. & Co. Gray, H. C. & Co. Gregg, Chas. O. Gregg. W. M. & Co. Greig & Wolff Hall, Albert Hallam, T. W. Harlow, Frank Harris, J. F. Hately Bros. Haughey C. T. & Co. Hayde, Jas. & Co. Hazlehurst, S. Heimholz & Remick Hemmelgarn, H. & Co. Higgins, H. Hill Bros. & Co. Hill. C. E. & Co. Hitch, E. L. & Co. Holden & Co. Hood, Wm. Howe, C. M. » Howell, J. C. Hunter, C. L. Hunter, E. S. Hunter, T. B. Hunter, Thomas M. Ingalls, F. A. & Co. Irwin, Grcn & Co. Jackson, Horace Jackson Bros. & Co. Jernegan, Chas. Johnson, W. F. & Co. Komir.erer, F. G. & Co. Keith & Co. Kellogg, L. L. & Co. Kidston, James King, Mcllvain King, Alward & Co. Kohlhamer, R. W. Lally, John Lamson Bros. & Co. Leadbeater, W, J. Lee, C. W. Leland, E. F. Lester, H . V. & Co. Le Vally. J. R. Lindblom, Robert & Co. Lindham, J. J. Llndham, O. F. Linn, W . R. Linn & Dwight Loeb, Herman ik Co. Logan, F. G. Mann, J. E. Martin, Geo. H. Mason Bros. Me.Tjory, Henry Merrell, M. Merrill & Lyon Merritt, Chas. T. ^Nlerritt, W. H. & Co. Miley, G. VV. Miller. D. T. Mills, A. L. Milmine, Bodman & Co. Milne, James H. Mitchell, F. R. Mitchell, L. B. Mitchell, M. C. Moeller, C. C. & Co. Molloy, James P. Montague, Barrett & Co. MorrelT, J. & Co. (lim.) Morris, Nelson & Co, Morrow, R.J, Mumford, VV, R. St Co. McComb, J. S. McCrea, W. S. & Co. • McDougall, Alex. McLain Bros. & Co. McPherran, E. H. Nash. Wright & Co. Nat. Linseed Oil Co., The Nelson, Murry & Co. Nicol, Alex. Nicol, James Norton & Worthington Nye & Jenks Grain Co. Pacaud, A. L. & Co. Pardridge, F. R. Pardridge, F. C. (59) Parker, Geo. G. & Co. Parker. H. O. & Co. Parker. J. H. ft Co. Parker. R. S. & Co. Parkins, Geo. 13. &, Co, Fatten, H. L. Patterson. A. W. & Co Peterson Bros. S: Co. Philpot. A. n. Pickering & Co, Piatt, L. C. & Co. Poole & Sherman Pope & Lewis Co. Pratt. R. E. Press. W. G. it Co. Pringle. Robt. & Co. Rankin, J. A. Raymond, Chas. L. & Co. Raymond, Pynchon Si Co. Rceme. ].B. ik Co. Reily, Daniel Requa Bros. Rheinstrom & Co, Robinson & Field Regan, J. B. & Co. Rogers, H. W. it Bro. Roland. L. B. Roloson, R. W. it Co. Rosenbaum Bros, Ross, John C. & Co. Rumsey Bros, it Co. Rumsey, Lightner &. Ci . Rynearson, J. L. &, Co. Savage, J. K. Savier, C. E. Schwartz. Dupee it Co. Scott, J. B. Scoville& Co. Scribner, Crighton it Co. Seaverns, Geo. A. Seckel E. & Co. Seymour-Dan ne C^^. Seymour^ M. A. Sibley. J. A. it Co. Sidwell, Geo. H. & Cc. Simons, D. Simons, I. N. & Co. Skillen, E. S. Slaughter, A. O. it C . Slayback, C. E. Smith, W. K. Snydacker, Fyffe it Co, Somers, A. L! & Co. Kteovcr. J G. it Co. Sterling it Hunt Stevers, Fred D Stevers, M, D & Co. Stiles it Co. Stockdale. W. F. Strong, E. B Sullivan, C. H. Sullivan, T. E. Sutton. W. VV. Swift & Co. Syer, E. W. it Co. Templeton, J. S. Thomson, VV. H. Thorp, O. A. it Co. Tilden. F. M. Tomblin, Ira it Co. Trego it Montgomery Tutts it Floyd Tuttle, W. P Updike. G. W. it Co Vance, W. L. it Co. Vankirk. C. B. it Co Van Vliet, L. S. & Co. Vaughan, A. T. Viles & Robbiiis Walker & Co. Wanzer & Co. Ward, J, L. Ware. F. D. Warner, F. R. Warner & Wilbur Watson, R. G. Weare Com. Co. Webbs, Wm. E. & Co. Weeks, F. O. & Co. West, John & Co. White, A. S. & Co. Whyland, C. A. & Co. Wiggs, G. W. it Co. Wightman, C. J. & Co Willard, S. Winslow, E. D. & Co. Wood. Frank F. Wood & Roberts W\>ol worth, C. D. & C Wrenn. John H. & Co. Wright. A. M. it Co. Younglove. Ira S. Young & Nichols Young & W^illiams Zeiss, Chas. (60) Values of Foreign Coins COINS Boliviano of Bolivia $0,412 Peso of Central American States 474 Shang-hai tael of China 608 Haikwan tael of China 678 Tientsin tael of China 646 Chefoo tael of China 637 Peso of Colombia 412 Sucre of Ecuador 412 Rupee of India 196 Yen of Japan 498 Dollar of Mexico 446 Kran of Persia 076 Sol of Peru 412 Ruble of Russia 379 Peso ot Arg-entine 965 Crown of Austria-Hungary 203 Franc of Belgium i93 Peso of Chile 365 Crown of Denmark 268 Franc of France i93 Mark of Germany 238 Lira of Italy I93 Florin of Netherlands 402 Milreis of Portugal 1.082 Peseta of Spain i93 Peso of Uraguay ^•034 Kansas Philosopher on Pork. No man who lives on meat was ever known to lick his wife or ask for a divorce. Adam got into a row right off, because he had no hog meat, butter or black bass. Napoleon lost Waterloo because the allied forces had (61) bacon for breakfast the morning of the fight. The French had vegetable soup. The South had to give in at Appomattox because it was out of meat. No war can be successfully waged without hog meat. Americans are the most frisky people on earth be- cause they eat the most hog meat. Ingalls would have gone back to the Senate had he not lived on oatmeal, baked apples and blind robins. A vegetable diet woman is as cold and clammy and unlovable as a turnip. If you wish to put roses in the cheeks of your girls, vitality in their every motion, and brains in the«r heads, feed them meat. If you want your boy to get a job and hold it, go to the front and amount to something, give him bacon-grease, ham-fat or tallow three times a day. The world is full of cranks who are always getting up some new fad about hay soup or corn fodder tea. — Eldorado Republican. The Irish markets call for the best grades of flour made the world over. Wife : — " Now, my dear, we must begin to econ- omize." Husband : — "All right. You commence by making the bread lighter." If a miller has i,ogo bushels of wheat bought from a farmer, and the market goes up, the farmer discovers he has only about 500 bushels. There is no bottom to the same farmer's bins on a loc. break. William Crookes, in his address before the British Association for the Advancementof Science, in 1898, said: '* The burning question of to-day is, what can the United Kingdom do to be reasonably safe from star- vation in the presence of two successive failures of the world's wheat harvest, or against a hostile combina- tion of European nations ? We eagerly spend millions to protect our coasts and commerce, and millions more on ships, explosives, guns and men ; but we omit to take necessary precautions to supply ourselves with the very first and supremely important munition of war — food." (62) The Man Who Cooks the Grub. We have read in song and story Of "the man behind the g-un," He is g-iven all the glory Of the battles that are won ; They are filling up the papers With his apotheosis, And they tell about his capers While the shells above him hiss, But behind the grimy gunner. Steadfast through the wild hubbub, Stands a greater god of battles — 'Tis the man who cooks the grub. When the sky is rent with thunder And the shell screams through the air When some fort is rent asunder And destruction revels there. When the men in line go rushing On to glory or to woe. With the maddened charges crushing Heroes who are lying low. There is one but for whose labors There could be no wild hubbub. And the greatest god of battles Is the man who cooks the grub. What of ships with armor plating ? What of castles on the heights ? What of anxious captains waiting While the careful gunner sights ? What of all the long-range rifles ? What of men with valiant hearts ? These were but impotent trifles. But inconsequential parts Of the whole, without the fellow Who must scour, scrape and scrub, For the greatest god of battles Is the man who cooks the grub. — MaHtn Afack, {63) Tel. des riarchands 1560. Tel. des flarchands 1596. "Magasin." (ETABLI EN 1855.) "Prive." a MESSIER, Ma.rclaand Importeur, Yins, Liqaears, Epiceries et ProYisions, ETC., ETC. Grains de Trifle et de Mil. Farine, son, grue et toute sorte de grains, etc. 648 et 652 Rue Notre-Dame, MONTREAL. W. TULLY, Gpain Agent. - P. O. Box, 66. FORT WILLIAM, ONT. When shipping wheat to Fort William or Port Arthur, communicate with above. Manitoba Code Used. W. & G. T. POLLEXFEN & CO., Direct Importers of x Maize GargoeSf Flour, Oatmeal, Bran, &c. and General Commission Agrents, (64) Marshall = Brothers ABERDEEN Import all kinds of Flour, Bran, Peas, flaize ««*» Grain Products . . Codes used . . ABC, Scattergood's, Riverside and Private Collier & Son... f^ Impopteps of ^ jii jft j/t jk jt Wheat, IV|aize, Flour and Feed For England and South Africa Main Office : BRISTOL, ENGLAND Branch Offices: NEW YORK, U.S.A. SOUTH AFRICA x— Delagoa Bay« East London, Johannesburg^, Durban Code Address :— COLLAR, BRISTOL. Codes Used :— A B C, Ai, Modern, Baltimore, Export, Riverside (1890). 3 (65) WM. BANNISTER, flour importer and millers' Bmtt Offices : 5 South Mall, CORK. Only small sample consignments received. C.I.F. business much preferred. HERDMAN & McDOUQAL, GRAIN AND FLOUR Merchants & Commission Agents -LEITH- BULSINQ & HESLENFELD, Importers of Bakers' Flour, Grains and Feed. AMSTERDAM, = - ROTTERDAM. F. LENDERS & CO., 6rain and flour goitimUsion Itlercftams, 118 Bishopsgate St. Within, LONDON, E.G. Branches at Liverpool, Odessa, Bra.la, Antwerp Hamburg and Berlin. (66) GEBR. ARNOLD HAMBURG Importers of Flour, Grain, Bran, bin- seed Gakes, Dried Brewer's Grains and Malt Sprouts J» MILLERS' AGENTS ^ Correspondence and Samples invited, with a view to fc C. I. F. business. Baltimore and Riverside (edition 1890) Codes Cable Address, - - " ARNOBIUS ", Hamburg H. D. MEriCALFE, Grain Expotten 201 Board of Trade Buijding, Montreal. 6rain Excbaitde Building, miKtiipeg. PETER H AGO ART, = = = = Ont Wholesale Dealer in BEANS. When you want Beans write me, also Grain, Seeds LUl^U^C* (67) ADAMS & SAMUEL, BrcRm • 62 Boara of Craae, CWcago. STOCK S AND BONDS. Accounts of responsible firms and individuals re- spectfully solicited. Orders executed in all lead- ing markets, either for mimediate or future de- livery. Market letter and statistical information free upon application. Members of — Chicago Board of Trade. Chioago Stock Exchange. 8t. Louis NIerohanto Exol\ai\ge. E. R. ULRICH & S0N5, ShIppePB of High Grade White and Yellow Corn, ...ESPECIALLY... Leaminff, Red Cob, Yellow Dent, Mammoth White Bnsilage, also Feeding^ Corn. or May. Elevators \n lilinois. Main Office t 6^ Floor, Illinois National Bank Bldg- Springfield, Illinois^ WH«> foP prices delivered. • (68) Cable Addpess— "McCulloch.** GEO. McCULLOCH & CO., Rapid City Floup Mills, RAPID CITY, - - MANITOBA. WE GRIND ONLY NO. i HARD WHEAT. BRANDS Hungarian Patent : — Venus, White Lilly. Bators' Brands :— Strong Bakers* Samson. Purest and Best. WINDSOR SALT Always gives satisfaction and costs no more than inferior brands of salt. TABLE SALT, CHEESE SALT, DAIRY SALT, ORDINARY FINE SALT. For Sale by all Wholesale Grocers. WINDSOIt SALT CO., LIIVjITED WINDSOR, ONT. (69) ) GEO. R. MATTHIAS, Flour Mill and Feed, ^ lacombe, Alberta, N. W.T. ~ wTd^^'leary Wholesale Grain, Flour, Feed, Hay, Seeds , and Produce. SHIPMENTS— RAIL. OR W^ATER. The Canada Jute Go. MANUFACTURERS OF AL! KINDS OF JUTE and COTTON BAGS and SACKS. »i=i r^ ~- • ^^^PRINTING IN ALL COLORS.Jt^.^ . — ■•»• % Buckrams. Hessians. Paddings. TuSONTO, OMT. •^•^•^ MONTREAL, QUE. -. . (70) DICK, RIDOUT & CO. TORONTO and WINNIPEG. Manufactupers of JUTE AND^TTON BAGS. T. a. TURNBUUU GRAIN ELEVATOR. Canadian Pacific, : KOMOKA, ONT. SHIRK & SNIDER Millers and Manufacturers of ft^Improvede.^ Roller Process Flour MILLS at BRIDGEPORT, ONT. and BADEN, ONT. Address all Cbrrespondence to Bridgeport. OUR BRANDS ARE: Buda, Neva, Daily Bread, Patent CORRESPONDENCE SOLICITED. (71) A. W. LOWES ROTHSAY, ONT. General Agent & Commission Merchant. Reliable Mining Shares Handled on Commission Special Agent for . . . LEGAL TENDER Mining Company B. Speers & Co. J 28 Bay Street* ^ TORONTO INVOICES, BILL HEADS, LETTER HEADS, - - - PRIVATE POST CARDS, ENVELOPES, SAMPLE BAGS. - - - - Get my Samples and Prices Out'Of'Town Business Solicited Let us give you an estimate on your next order (72) The Traders Bank ...OF CANADA... Authorized Oapital Capital Paid Up Rest $1,000,000 700,000 - 50.000 C. D. Warren, Esq., President John Dry nan, Esq., Vice-President DIRECTORS : W. J. Thomas, Esq. C. Klokpfrr, Esq., Guelph. J. H. Beatty, Esq., Thorold. Geo. E. Tuckett, Esq., Hamilton. Head Office, - TORONTO H. S. STRATHY. J. A. M. ALLEY. Oenepal Managrep Inspeotop The Ontario Bank Capital Paid Up Reserve Fund^ HEAD OFFICE, $^000,000 - 85,000 TORONTO DIRECTORS : O. R. R. Cockburn, Esq., President Donald flackay, Esq., Vice-President A. S. Irving, Esq.; R. D. Perry, Esq.; Hon. J. C. Aikins; D. Ullyot, Esq.; John Hallam, Esq. Charles McGill, - General Manager E. Morris, Inspector BRANCHES: Cornwall. Montreal, Fort William, Mount Forest, Kingston, Newmarket, AUiston, Aurora, Bowmanville, Buckingham, Q., Lindsay, 500 Queen st. West Ottawa, oroi %itr rn Peterboro, ' Port Arthur, Sudbury, Toronto, ito. (73) Montague & Company John S. Carpenter, Prcs., M. R, Montague, Vice-Pren., Henry A. Lklani>, Sec'y & Treas. COMMISSION MERCHANTS FLOUR, CRAIH AND lyjILL STUFFS 6 AND 8 SHERMAN ST., CHICAGO, ILL. Liberal Advances made on Consignments. Prompt attention given to orders for future delivery as hedges against stocks on hand, or purchase of futures to protect short sales of flour. Established 1871. Reference : Continental flatior)al Bank. pRjlmine^ Rodman ^ (§0. Commission IV|erchants Receivers, Shippers and Exporters of Orain 70 & 71 Board of Trade, CHICAQO, - ILL. Special attention paid to car lot orders tor Canadian Trade. (74) J. S. LAPHAM & CO. Commission Merchants j^ Corn a Specialty l)oon\ 601-2-3 Chamber of Commerce, DETROIT, MICH Ask for Prices Irwin, Green & Co. COMMISSION MERCHANTS Grain Receivers & Shippers 128-131 RIALTO BUILDING (AdjoiniiT^ Board of Trade), t^«^^ Chicago The TILLSON COT, Limited, Millers of Flour, Oatmeal, Split Peas, Pot Barley. Daily Capacity, 800 Bappels. TTf SinMRT TPG nivnr (75) Wm. R. MACK, EXPRESS ROLLER MILLS, CORNWALL, - ONT. Capacity 125 Bappels. J. B. STRINQBR. JOHN WADDBLL. J B. STRINGER & CO. Chatham, Ont. GRAIN MERCHANTS BEANS A SPECIALTY. Ask for car prices on Beans, Corn, Oats, Wheat, Barley, Buckwheat, Dressed Hogs and Wool. HALL, LEIGH & CO. Impopteps ol GRAIN and FEED STUFFS Corn Exchange Bldgs., MANCHESTER CORRESPONDENCE INVITED. •^Copies of this Booklet may be had by remitting $K00 for each copy wanted, *° A. SPEERS&CO. 123 Bay Street, TORONTO, CANADA (76) WHY BUSINESS WAS SLOW. MARY had a little lamb, its fleece was white as snow ; it strayed away one day, where lambs should never go. And Mary sat her quickly down and tears stream- ed from her eyes ; she never found the lamb because she did not advertise. And Mary had a brother John who kept a vil- lage store ; he sat him down and smoked a pipe, and watched the open door. And as the people passed along and did not stop to buy, John still sat and smoked his pipe, and blinked his sleepy eye. /Vnd so the sheriff closed him out, but still he lingered near, and Mary came to drop with him a sympathetic tear. *' How is it, sister, can you tell, why olher merchants here, sell all their goods so readily and thrive from year to year?" Remembering her own bad luck the little maid replies : '' These other ellows get there, John, because they ad- vertise/' — Jarvis Record. (77) The Modern Miller. Gable Address, Published " Editor, " St. Louis. Weekly. PUBLISHED BY TuE MODERN MILLER CO., N. E. Cor. Third and Chestnut Sts., ST. LOUIS, MO. Augustine Gallagher .......... • •• :_ Editor. Edwin L. Gates Associate Editor. Parker H. Litchfield Business Manager. WESTERN DEPARr31ENT : 408-9 Board T^ade, KANSAS city, MO. Philip E. Burrough Representative. WASHINGTON DEPARTMENT : John E. Monk Representative. 142 1 F. Street, N.W. FOREIGN DEPARTMENT : C. F. Hall. Special Representative. Terms of Subscription : (Invariably in Advance.) United States, Canada and Mexico $2.00 Foreifj^n Countries in Postal Union 3.00 (78) BEG6IES, ROSS & GIBSON. FLOUR FACTORS* 23 Old Corn Exchange, - 2 EAST INDIA AVE. BEGBIES, LONDON. LONDON, E« C. Bankers: LONDON CITY & NIEDLAND. O. C. BARNES. A. BARNES. BARNES & CO. ^FLOUR IMPORTERS^ 10 Dfury Lane CODE : l^iVERSIDE, 1890, EDT'N Telegraphic Address : *' NIINATORY, " LIVERPOOL Liverpool. W. M. MEESON American Flour Importer. Old ?If E° clW 50 MARK LANE, ^'"l^^••■•K•^4 I. LONDON, E. C. Battlesbridge, Essex. PILLMAM"& PHILLIPS, ~ Flour Importers ^ Millers' Agents LONDON, LIVERPOOL, BRISTOL, mid BELFAST. E. Berwick. R. A. Riky. E. BERWICK & CO., GRAIN riERCHANTS, SHELBURNE, - ONT. THE WESTERN GRAIN AND FEED CO. MALLBR'S BUILDING, CHICAGO, ILL. Exporters of Wheat Bran, Corn, Wheat, Oats and Brewers' Grains. Quote us Prices. T. B. HORNE. D- D- HORNE HORNE BROTHERS, J. M. HORNE* GRAIN and FLOUR MERCHANTS. . . . C- I. F. Business only. ^ LIVERPOOL. ARTHUR V. JAMES. ISAAC MclLROY. Ertbur James S< Co., Jmpottets • . . . ametlcan ffloui% 15 Queen Square. BRISTOL. M- :^ y4ff— L^ i/' u ■f?7^" /^7 '^^^-. 4^^. y: J T X4^^C^{^^^ -r/ .^.»-^t--w^