THE MARINE WORLD.
Ashtabula parties are negotiating for the purchase of the tug Morey of Oswego.
Kingstonians think the ice will be out of the harbor in the course of a fortnight.
The tug Ferris, as soon as the weather permits, will leave Oswego to release the schooner Comanche. She will be repaired.
The Lehigh Valley line has closed a contract with the Globe works, of Cleveland, for the construction of a large steel steamship.
Chicago parties are negotiating for the purchase of the schooner Blazing Star, owned by M.J. Cummings, Oswego. The price, $8,000, is said to have been accepted.
W.W. Tyler, M. Galvin and others of Buffalo, have bought the steamer Saginaw Valley for $30,000. She carries about 600 tons and will be converted into a steambarge.
The Cumberland's wet wheat was sold at Detroit for twenty-one cents per bushel. The insurance companies lose over $40,000 on the cargo. The hole in the Cumberland's bow is about seven by fifteen inches.
The propeller Northerner, which was sunk at Kelly's Island, cannot be raised until the lime and cement are taken out of her hold. Capt. Maythem will probably convert her into a steam barge.
The prospects for a good season on the lakes have not been better for ten years. Already 8 1/2 cents has been offered on wheat from Chicago to Ogdensburg. Last season at this time the freight was 6 cents. Already $1.50 is offered on coal going west. Last season this same freight was carried for 90 cents.
p.8 Incidents Of The Day - F. Somerville, engineer of the str. Alexandria, has gone to Picton to overhaul the machinery before the opening of navigation.