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Montreal, Julv 1, 1831.

SIR.

When wo issued our lost printed circular of the 23d of April, we were in hopes, ihat our Marlcets, would assume a steady and
firm character for the most important articles of exportable produce, but the change from a warlil(e to that of a pacific attitude between the
principal powers of the Continent ol Europe, with other causes, has operated to depress Foreign Markets and consequently this, and we shall
now endeavour to take a brief retrospective view, of the Canada MarVets, for the last two months, as also give you the actual stale of things just
now, not venturing to give a decided opinion prospectively.
ASHES.— In our Circular of the 23d April last, we stated the quantity in Market, embracing all that had been received from the close of Na-

vigation last fall, (none havinz then been Shipped,) ^t

Rorcived (rom 23d April to 1st M»y, at

., Do. Ist. May to 1st June, at

Do. 1st June to Ist July, at

Shipped to 1st July

Stock on hand this day, ... -

In 1830, the quantity of Ashes received into store up tolst July was
'■ ■ Shipped to 1st July, oflast year, '

Stock on hand Isl July 1830,

4,232 Bbls.

196
2,477
4,419

Pots,

and

2,780 Bbls.

386
1,497
4,018

Pearls.

11,324
9,456

1,868

16,934
J2,89l

4,043

8,687
6,746

— 1,941

— 8,765

— 6,765

— 2,000

It will be seen by tlie above, that the receipts of 1831, up lo 1st July, arc much short of 1830 to the same period of the year, and that the
deficiency is confined ajni^st whoHy to Pots, 5,633 Bblp., and only .87 Jjbls. Pearls. .

The continued advices from Eurppe.of the dull apd declining state of the Ashes <Alarket, made us voty apprehensive that Sales would open
here at something iessthan 80s. for Pots, and 33s. for Pearls, and some hundreds oi Barrels w«re forced ofl at 29s. for Pots, and 32s.'6d. d-^Ss.
for Pearls, but the eariy arrival oi numcro.us Ships caused a better demand, and we opened Sales on a large Scale, at 30s, 6d. for Pols, and
84s. for Pearls, and judged it very imprudent, (taking as our guid? the value in Foreign Markers), to hold for higher prices, but an uncommonly
wet month 'of May, and lore part of June, making the roads in the interior almost impassable, aud p;revcnting also the burning of Timber on new
Lands, caused a much shorter Supply of Ashes to come forward than was generally aniic'pated, and in the face of the most discouraging advices
from Europe, the demand here exceeded the Supply, and prices advanced 6d. a Is. per Cwt., and have been maintained almost to the present
period. Pots may now be quoted in iair dema'nd, at 30s. d 30s. 6d., and Pearls at 34s. a 31s. 6d., the Spring Ships are rapidly getting ofl, while
the supplies of Ashes seem rather more abundant, & as our London &.LIverpooI accounts to 24th May, give lower quotations, (Pots were down to
28e. 9d. a 30s., and Pearls 32s. 6d, a 33s.,) we c.imiot but express our fears, that they will toon give way here a Utile, but whether they will re-
cover in the autumn, depends on the extent of Supplies, as well nson the slate of Foreign Markets.

GRAIN. FLOUR, MEAL.— U, C. Wheat sold freely at from 7s.6d. a 7s.9d. the 60 lbs., &. Lower Canada cf the best samples at from Gs. 9d.
a 7s. until about the lOlh June when English advices of the 8lh May were received, and were so decidedlj u navourable for M'heat and Flour
that it caused a suspension of purchases and llic price declined Is. n Is. 3d. per bushel nor has it yet recovered, but within a day or two there
has been evidently a better disposition to purchase, and very fine U. C. has, and will sell at Irom 6s. 6d. a 6s. 9d. : inferior, 63. 3d. a 6s. 4d
Lower Canada is neglected at from 5s. 4. a Ss. 6d. A very considerable Stock of Canada Flour had accumulated early after the navigation open-
ed, and was generally held at from SGs. a 37s. Cd. for fine, in tlie confident expectation of realizing about these rates, when ships should arrive
to take it to England, the W. Indies & chevhcre ; but shippers lo England run mor' upon Wheat than Flour and very limited quantities of the
latter were disposed of, when t he unfavourable news from Europe alluded lo arrived, and immediately following came the news of the Colonial
Trade Bill, admitting American Wheat, Flour, Meal, Salt Provision?, &.c. fic. to come into Canada free, either for consumption or export to all
the British possessions abroad, and being acted upon immediately caused at least 10,000 bbls. Flour then in bond, to be thrown into the market,
and tlie rapid decline in New York caused a current to turn this way and created such a panic, that some holders have forced Sales of fine Cana-
da Flour at from 27s. 6d. a 28s. — The best brands of Rochester Superfine will now command 276. 6d. a 2Ss. 9d. and if too much is not forced 011
the markets, we hope soon to see the price firmly established at about 30s. either for U. States or Canada Superfine.

KILN DRIED INDIAN MEAL, has been occasionally enquired for, and some would now sell at lair rates.
' SALTED PROVISIONS. PORK, was held at rather high prices, and sales to some extent, made in May at 90s. for inspected Mess,

72s.()\i. n73s.9d. for Prime Mess,and62s.6d. o 65s. for Prime. BEEF, was less saleable, bu t the small quantities required for shipment, sold
at fair rates, Mess, 60s. a Cos., Prime Mess, 45. u 479.Gd., Prime, 35s. a 37s.6d., Cargo, 2os. a SOs. ; but since the new Colonial Trade Bill
has been announced, it has checked speculation in both Beef and Pork, and holders are willing to accept 2s.6d. a fs. per bbl. less, and even at
this reduction there seems but little doing, and the stock rather heavy. Very little of Beef or Pork has arrived from the United States since it
has been admissible free, nor can we recommend our friends there, to send much this way at present — as should large supplies arrive, and
be lorci'd on the market, loss would ineviiably ensue instead of profit.

WOOD. The demand for some kinds of Lumber has been good and extensive, while for others it has been languid and limited. White
Pine has been in excellent demand selling at 4;}d. a Sj^d. While Red Pine has been extremely dull at 7d. a 8d. Oak of large dimensions has
been sold at saving prices as have Elm and Ash. Deals have been quick at high prices. — Standard Staves have bpen very heavy the whole
Season— and at prices that will scarcely pay the makers. W. I. Staves have done better, the Stock of Red Pine 1 imbcr and standard Staves is
said to be heavy an d scarcely any expectation of any material improvement in price — we annex such clauses of the New Colonial Trade Bill as
will give a full knowledge of the expected advantages to be derived by our Iriends in the United States, by opening the Canada Markets to their
produce, at the same time we must remark, that the construction put upon the act by our Custom House Officers, is, that American Wheat can-
not goto England through Canada as Colonial, nor can Flour though ground in Canada from Amciican Wheat go to England as Colonial. —

Your obcd'nt. senants,

a/ y^ HORATIO GATES, & Co

Jiepeal of Duliei upon the im-
portation of Corn, t(c.—inlo
British Poiitisioni in Ameri-
ca.

Of Wheal, fluur, *c, into
Canada.

O/ Wood 01 Lumber, into.\o-
_i)a Scotia, ^c.

AtxdoJ Wheat, Flour, Ift.—
from the British Poisetiioru in
JVorth America into the West
Indies, l(c.

And whereas it is expedient lo repeal some of the sai^ Duties, and to alter orva.
rythe.n&c.; Beit therefore enacted, that from and after the fifteenth day of April
One thousand eight hundred and thirty.one.'so much of the said Acts as imposes any'
duty m any of the British Possessions in Amcuca, upon the Importation or bringing
m of Corn or Gram unground, or of Meal or Flour not made of Wheat, or of Bread
or Biscuit, or of |lice, or of Live Stock, shall be and the same is hereby repealed.

II. And be it further enacted. That so much of .iny of the said Acts as imposes
any Duty m the Provinces of Upjm- or Lower Canada, upon the importation or
bringing m of Wheat Flour, or of Beef, Pork, Hams, or Bacon, or of Wood, or of
Lumber, shall be and the same is hereby repealed.

IIL And be it further enacted. That so much of any of the said Acts as imposes
anjr Duty in Neio Bnimwich, or Nova Scotia, or Prince Edward's Island, upon Wood
or Lumber, shall be and the same is hereby repealed.

I.V. And bfi it further enacted, That so much of any of the said Acts as imposes any
Duty, in the Brttish Possessions on the Continent of South America, or in the J^est
Indies, or in the BaJuima or Bermuda Hands, upon Wheat, Flour, or upon Beef.
Pork, Hams, or Bacon, or upon Wood or Lumber, when imported from any of the'
BrUish Possessions in North America, shall be and the same is hereby repealed