The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-01

ia = 49,.
mUgEY MARA EFT.
1nesday, March 3l-6 r. NJ.
Quotations for Stocks look better to-day The ss1ss
almost exclusively confined to the principal Rail.
road stocks-long Island, Harlem, and Norwich and
Worcsster-snd advance is noticed in each The cpe
rations limited. however and no evidence Of
the improvements being permanent Long Island went
up per cent CLINTON, I Harlem. II; Norwich and
Worcester, Psnnsyl vania 6s Reading. /, and ILL.,
rois s's.
The highss. Aing quotation for prime sterling bills
o exchange. was 81 per cent premium First rate bills
old freely at Of Per The demand 10 active and
the supply fully equal to the enquiry.
There appears o, be considerable excitement in Low
er Canada In relation to the alterations OF the corn
laws Of Great Batain they abrogate the exclusive
monopoly heretofore enjoyed by he Canadss In the e.
portaion grain and breadsufs Eogland at nomi.
nal duty, companed to that levied apon similar articles
entered from foreign countries The loss Of the dder-
entail duties in favor Of the Canadas will undoubtedly
operate very much against the trade hitherto carried on
with the mother country in breadstu As an Offset to
the injury anticipated by loss OF the dferenal duties
It Is suggested that American wheat be admitted into the
ports Of Canada. for the purpose Of milling and
sion into Aour a. freely as possibls-to admit
law material, under bond, for export Of equivalent
quantity of four II is suggested that be the subject
Of no fiscal regulation but to let pass in any shape
is anticipate that tho passage Of bill to this effect
BY the Colonial Parliament would receive tho sanction
Of the Imperial Parliament would increase the CON-
Of the Canadss and the carrying business Of B
fish vessels engaged in the North American trade. The
navigation laws Of Canada, regulating the transports.
on Of foreign produce to and from the British ports in
North America. il sufficiently restrictive 1t now
sands place that business in favorable position %
could be desired.
Quebec free port that ia, any foreign vessel may
bring direct any goods the produce of the country to
which she belongs and there discharge il She IL not
allowed to ascend the river to Montreal any other
inland port Of entry At Quebec her cargo to DO for
warded must be transhpped into British bottom, and
then may be forwarded inland either duty paid in
bond.
In like manner any American vessel from the upper
enter any Canada ports Of entry loaded with
American produce For instance, vessel laden with
hour may clear from Cleveland and descend the whole
line Of our weters, and put her cargo board British
vessel at Montreal without paying any duties beyond
the tolls on the navigation for the customs department
will consider that hthere Is actual thsrs con
strucvs warshousng Montreal being the lowest port
Of entry but not free port foreign vessel descending
can 80 no further. She must discharge into British
bottom, just ascending cannot 80 any further
than the last free port Quebec and must there discharge
into British bottom, at MonresL Flour shipped at
Montreal, sfter transit in bond will 60 to Britain
American and be subject to the duties Whatever they
be- the same il shipped direct from an American port
With respect to the inland trade, any thing may be
now brought to st. Johns, and will be passed BY the
customs there, without delay for minute inspect on nm
der bond for the estimated amount Of duty, which, on
arrival at Montreal will be replaced by one for the
exact amount may then be forwarded. under bond,
% any warshousing port Of entry in the Province pay
iug kan nj f0r 0nn
1t possible that the Provincial Parliament viii reno
del the whole system Of provisional duties will be
BY the annexed statement that with the alterations
in tho duty grain and -four recently proposed by
British Ministry the expectation Of breadstu6s Liver
pool via Now York. can be made upon moro favorable
terms than via Montreal This will draw from the ports
Of Upper Canada very large portion Of the breadsuas
that section intended for expectation to Great Britain
These statements have been prepared for Montreal
Journal by individual intimately connected with the
trade, and therefore acquainted with the subject.
EXPECTATION OF FLouR TO LIVERPOOL VIA MONTREAL
AND NEw Yosx, UNDER PREsErr Cony LAws o.
GREAT BRIrAiw.
Duty United States Wheat, Toured in Canada,
E.1s freight from Montreal to Liverpool. over New
Average excess of Insurance. ''''''o a
Cost OF importation and grinding in Canada over the
expense Of shipping direct to Montreal from Clsve-
aanos. s..'s. ~ o
6s
Diasrential duty in favor Of Canadian produce, for
the next three years, per Dbl ..........,2 8
Probable difference in freight from the West TO Mon
ueai, via New York.. ...................O Q
, o
Balance in favor of New York. the shipping port,
This balance favor Of this city, will mold good du.
ring the three years fixed upon for the continuance Of
the remaining protection under the corn laws Of Great
pnHti nvVeiu xh~
on public works.
IT, after the expiration Of the three years. the present
protection in the laws Of England should be abo-
hshed, there will be increased expectation Of bread.
stuhs from this port, We should draw that trade from
Canada, greater extent than yet realized The re-
duction Of tolls public works ID likely to proceed
more rapidly than those Of Canada, and We SHALL
Therefore, be better able to control this trade In few
years hence than No are now Under the contemplated
equalization OF duties in Great Britain upon Canadian
and American -FOUR shipments can be made a. annexed
EXPLOITATION ov FLouR TO LivEspooL, VIA New YoRx
AND MONTREAL
d
Freight per barrel from Toronto to o:xsso 80
Do, do. New York to Liverpool, q 6
Average rate Of insurance, per cent?.
Cost Of transport from Toronto to Liverpool, via
Freight, per barrel from Toronto to kingston.
Do do Kingston to Montreal, Il .
Do do. Montreal to Liverpool. "a 8
Average rate of insurance, q per cent? o
3
This leaves balance in favor Of that city Of two shi.
nss per barrel So far the trade In brsadsuas be-
tween Crest Britain and North America 10 concerned
under the present formation Of the corn laws and under
an equalization Of duties Of Canadian and American
nour, pretty evident that the bulk Of must BE- car
ried on between this city and Liverpool but 10 what ex
tnut will h IA q rnf
and doubt II 10 the impression the minds Of many in
tinstely acquainted with the buansss, that the privl
sgss We enjoy In shipping grain to Canada for
manufacture there and expectation are much grsster