The annual graded crew races will be held in the Basin, weather permitting, this afternoon at 3 and 3.30 o'clock. The first and second crews from each boathouse will race in the first division over a one and seven eighths miles course from the Longwood Bridge to the Union Boat House at 3 o'clock; and the third crews will race in the second division over a one and one-quarter mile course from the Longwood Bridge to an imaginary line off Gloucester street at 3.30 o'clock. The first division really comprises two races, between the first and second grade boats of each club, which are to be started together for convenience.

Every man who is to row must be in his boathouse, dressed, at least half an hour before his race starts. Individual cups will be given to the members of the winning crew in each grade.

Following are the orders of the crews:

First Weld.--Stroke, Henry; 7, Walter; 6, Vickery; 5, E. B. Putnam; 4, Lynn; 3, Hudson; 2, Brooks; bow, Leviseur; cox., Gallaher.

First Newell.--Stroke, Day; 7, Chadwick; 6, C. Weston; 5, R. Weston; 4, Burch; 3, Laird; 2, Hubbard; bow, Smart; cox., Kempton.

Second Weld.--Stroke, Lothrop; 7, Murray; 6, Harwood; 5, Pinnie; 4, Baker; 3, Meyer; 2, MacVicar; bow, T. W. Storrow; cox., Ilsley.

Second Newell.--Stroke, Maxwell; 7, Loenholm; 6, Coulson; 5, Cherry; 4, MacLeod; 3, Schroeder; 2, J. J. Storrow; bow, Morris; cox., Munroe.

Third Weld.--Stroke, Duer; 7, Handy; 6, Dewey; 5, Howe; 4, J. J. Putnam; 3, Berry; 2, Skinner; bow, Hutchins; cox., Thayer.

Third Newell.--Stroke, Newton; 7, Hall; 6, Fuller; 5, Ayres; 4, Callanan; 3, Hooper; 2, Bell; bow, Perrins; cox., Gates.