The Portland daily press., 1895-04-05
MAKING 4 DOUBLE PROFIT.

Ys
A Coastwise Busiuess That Pays the Local
T. Northumberland Wire for the Coast
Townsville Labrador Takes Out Very
Valuable Cargo-schooners Loading for
South America. z1c@
,- 8
There has been a marked increase OF
late in the coastwise trade, and the little
packets are doing "a rafting good bus
iness" as one man put it yesterday.
Most of the schooners are owned by local
merchants at points along the coast, ana
that is perhaps one reason why they car
ry as a rule full freights. They go to
points where the railroads do not reach,
and the merchants by owning schoon-
er practically get rid Of paying steames
charges for transporting their goods. A
merchant who owns a schooner has
captain, and at the most two men to pay.
He is more or less a dealer in everything,
and must be ready to take almost any
thing in exchange for hisAgoods. and as
a rule makes double profit, first on the
goods he sells, and then on the article.
he takes in exchange. seIf he can ge,
enough out of his freights 60 Boston t.
pay the charges of the round trip, then
it costs him nothing to transport his
goods from Boston and Portland to hi
own store. In this way by being shiI
owner on a small scale. and sometimes
ship builder as we'll, the .coastwise mer-
chant is able to make very good profit.
take one season with another.
At times they buy very large amount
of fish, and as rule "pay in goods oui
of the store," as the term is by way oil
distinguishing that method from the
payment of cash which is avoided as far
as possible. By this system of making Il
profit bot. ways the coastwise dealer
has great advantage over the n ere ant
who lives further inland, and who has
to pay transportation charges. Some
times a dealer who owns good and fast
schooner will do the freighting for a
store or two besides his own.
This spring there has been very large
lot of barbed wire taken down the coast
People there have concluded that time
and lumber represent money. and they
want fence that won't come down ev-
cry year. shrewd old skipper said he
knew 1T was the law that they should
put round wire on top, or rail, but he
doubted if it was done in the majority
of cases. Still Pm told," he said, "that
if cattle should get hurt they. could be
made to pay their value. They ought to
anyway"
The schooner Mary made fairly quick
passage from the West Indies consider
ing that she lay for four days at Vine
yard Haven. She came through in twen-
ty-six days, and brought cargo of 1872
casks, and 16 tierces of molasses. There
was no incident of special note on the
passage home
The schooner Clara and Mable was
loading for New Harbor yesterday. She
will take down full freight for local
dealers.
The sailing of the Labrador yesterday
was witnessed by the regular crowd that,
in these days always welcomes the
coming and speeds the partin steamer
She took out very full cargo, and
cleared up a good deal of the freight
that had been accommodating in the
freight sheds of the Grand Trunk. Ev-
cry steamer now will be forced to take a
portion of what was laid aside earlier
in the season. Canadian freight is com
ing i'll rapidly. Organs, apples, agricul-
tural implements and maple blocks
make up large portion of the freight,
of course not forgetting Canadian
cheese. The cargo of the Labrador wa,
in part composed of the following items /:
$50 sacks of oatmeal from Chicago
$3.50 sacks Of :hour, 396 tons of chrome
ore, 725 boxes of meat, 4,311 boxes OF
cheese, 2,345 barrels of Canadian apples
s.754 maple blocks, $3.50 bales of hay,
260 cattle. 1Sl horses, 2o3 packages o.
agricultural machinery, 40 cases of mat
| treses, SOB cases canned goods, and vari-
GUS other sundries. She has also abou,
5000 bushelsof grain in bulk
The faca that there promises to be a
| decided revival in the lumber trade was
noticed in the PRESS this week. The
following vessels are now in port loading
lum ber for the River Platte: Ship La,
| seer Of 1,500 tons, at Boston G. Maine
| wharf, barkentihe Mabel 1. Meyers, of ISL
tons at Hoiyoke's wharf, and schooner
Sadie C.Sumner of 700 tons at Deake,s
wharf.