Low Freight from Canada to Glasgow.
Special to The New York Times
MONTREAL, Quebec, July 31.—Ocean freights from Montreal are abnormally low at the present time, corn having been carried to Glasgow as low as 6d. per quarter. The rates to London and Liverpool from the St. Lawrence are also depressed. The dullness is attributed to the effects of the drought in the West, which has caused corn to advance in price with the result that English buyers are holding off for a break in prices. The scarcity of orders is causing many ships to leave the St. Lawrence light. Rates generally are about 50 per cent. lower than last year.