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RE1GITS.-From Nov ember tohe middle of January freghts maintained without rtuation at d for Liy- erpool. In the later month they were quoted sl6d- In February they wayered bewee Id and Ed. At this

 time Con the 9th Narc) the vessel, in port amounted One Hundred and Thirty four exclusive of coasters and lighters. Of hese hundred ad fifteen were square rgged. In March the fell st ower British vessels offered at 7-6 Id; Americn 9-l6d In April the general opinion wa thai the tonnage port sufficient to carry away the entire crop Tue consequence still farther declne-Amercan yisses offered for Liver pool al 76d British 9d They continued in this cond- ton until the st of May, when owing to the diminished amount of tonnage in port, there shade rse-7 l6d were obtained for British vessels. hswas the ruling until the beginning June when engagement for Liv- erpoo made i'd. On the ls,f July every square rgged vessel in port taken all engagements were made at 3d. On the last of July reverted the starting point ofthe season, namelyl-l6d.

 To Hasre hs lowest point of the in April and the highest in January and Febrry During for mer time quotations lc-the later He.

 By comparison of these with the last years rates il will be perceived that very e prot comparatively has resulted to the shipping this year. The market in 1899

 40 opened ad to Liverpool and grdually advanced till it treached ls sd. To Hsyre smtl lot one period WAS taken at cents perIb-2lc hCwver the ruling rae In March of the year. herwere about seventy sail in port not of which dsegaged In view of the extraordinary demand for shippn that year. large number of built in time fc the trade of last season. The consequence has been urplus supply-an error, however, which is not likely tobe committed this year among ship builders.