p.3 Vessel Accidents - Yesterday Mr. William Power, of the Marine Railway, received intimation of the loss on Lake Michigan of the schooner Hyderabad, which had been run into on Sunday morning by the steamer (sic) Ford River, and sunk in deep water about 180 miles from Chicago. The vessel was bound for Kingston with 20,000 bushels of wheat. Until this year the schooner had been insured, but the policy having expired it was not renewed this season - a most unfortunate circumstance. The Hyderabad was built in 1876 and owned by Messrs. Power & Co., and rated A-1. She was constructed with care and out of the best material. She was a fast sailor, also, having made the trip from Kingston to Chicago in the summer of 1878 in 8 days and 1 hour. The crew was one in which the owners had the fullest confidence, embracing Capt. Gormley and wife, Mr. E.M. Power, and W. Bissonette, of Kingston. The Hyderabad's dimensions were: length over all 132', keel 126', beam 26' 2 1/2", depth of hold at lowest part 12'. Her model was the same as that of the Bangalore, engaged in the Chicago trade, though somewhat smaller. The loss will be fully $15,000.
Later - A telegram says the vessel has not been lost. She was expected at Manitouwac in tow of a steamer.
A collision occurred between the schooners Erie Stewart and the Erie Queen in Toledo harbour on Wednesday. The former, which was bound for Kingston with 14,700 bushels of corn, had 14 stanchions, 50' of rail, cast iron jacks, monkey sail forward and covering board carried away. She was able to reach here safely, where she is now receiving repairs, costing probably $200. The damage to the Erie Queen are not fully known.
Alex Cuthbert, the Canadian boatbuilder, will take his new 50 ton yacht to Oswego to sell.
The schrs. M.L. Breck and Gulnair have been chartered to carry pig-iron from Portsmouth to Chicago at $1 per ton.
Arrivals at Portsmouth: Erie Queen, Toledo, 14,629 wheat; Antelope, Toledo, 22,740 corn; Pandora, Toledo, 18,255 corn.
The steamer Varuna ran from Picton to Belleville, making 5 stoppages, on Saturday in 2 hours and 48 minutes.
The rate from Milwaukee has advanced to 9 3/4 cents on wheat, and from Toledo, corn, 5 cents. Several charters have been made at these rates.
The Singapore, Annanndale, and New Dominion are all awaiting the arrival of iron ore from Ottawa. It is expected that 1100 tons will arrive today.
An effort is to be made to discover the wreck of the sch. Northman, which capsized and sunk on Lake Ontario some time ago. Parties at Port Credit are fitting out an expedition.
A yacht race is in prospect between the Ella, of Oswego and the Ida, of Charlotte. The owners have agreed upon the main points. It will probably occur in a few weeks off Oswego. Capt. Best is in command of the Ella.
Yesterday morning the steamers Hastings and Alexandra had hard work to get out of Belleville harbour the former being delayed an hour and a half and the latter an hour. The Alexandra carried away one of her fenders.