sl,l7s, ,ios 1866 a2l l77oso9 1873 aal 1911 1903

fao6, MS 494,724 49o.2O6 53l.59i
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The banks of Canada have since last fall been gradually
extending their operations. The importatons into the
British provinces in Noih America have this year been
larger than before much larger than the exports for
the period. Exchange has consequently been very
scarce and has ranged high that bills which have
heretofore been sent to this market for sa have been
used up at home The banks of that section have been
compelled to extend their operations in accordance with
the demand from the mercantile classes The trade be-
tween the Canaas and the United States has this year
been very large compared with previous years, but
the local trade has been very extensive. The
crops of Canada have for the past two years been very
fine this year theyhave been unusually abundant This
has destroyed the export trade to certain extent that
has heretofore been carried in agricultural products
between the two countries. The abundance OF bread
stufs &c., In Canada of home growth, both for home
consumption and for export has destroyed that outlet for


large part of surplus grain crops. The advantages
the Canadians possess in exporting breadstu the
shippers OF this country. will be plainly the
nexed account Of sales in England Should demand
spring up in Great Britain for four before the close of
navigation the Canadas may yet be very great market


for jarge lots Of grain from this country. At present
there is very poor prospect for such demand from
either country and very little chance for present
prices of -four, grain &C., being sustained We
pro forma account Of four hundred barrels of Candan
-four at Liverpool taken from actual account of sales
of -four sent from Montreal.


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