p.1 Late Local News - Some of the timbers under the prop. Myles, broke this morning, and the craft was only held by the chains about the stern. The workmen are busy propping the boat up.
The tug C.P. Morey, Oswego, has been sold and will be taken to Ashtabula.
The yacht Laura D. has been sold to Fred S. Ward, of Carthage.
The name of the schr. Mary Copley has been changed to the Madeline T. Downing.
During the past year $15,000 has been expended on repairs on the Rideau Canal.
Capt. Garratt's steamer, the Ella Ross, will be launched about the 10th May.
The steamers Alexandria and Empress of India are being fitted out at Picton.
The steamers Ida and Olive will run in conjunction with each other from Kingston to Montreal.
The yacht for Mr. Ames, Oswego, which is being built in Boston, will be called the Merle.
Capt. Ellis has been engaged as pilot on the Jessie Bain the coming season. She will run between Alexandria Bay and Clayton.
A letter from the shipkeeper on the schooner Sylvester Neelon, at Tobermory, says the vessel and cargo are in good condition. There is much ice up north at the Straits of Mackinaw; it is two feet thick.
The Chicago morning papers says the revival of the lake carrying trade, and the sharp advances in freights, have made the vessel men almost crazy. Two years ago every man who had a dollar invested in floating property would have been glad to sell out at a big sacrifice. This year the vessels command a big premium, but the increased valuations of the old vessels sinks into comparative insignificance beside the shipbuilding boom that was inaugurated last fall. The outlook for the next season was never more flattering. A reporter who visited all the Chicago shipyards within the last two weeks found 46 new vessels in various stages of construction, representing an aggregate carrying capacity of 98,000 tons and at a cost of $6,500,000. Of these vessels all but three are steamers.
Canal Tolls - The Montreal Star says that the canal tolls question is expected to be settled very speedily by the decision of the government, and the opinion generally prevailing seems to be that last year's plan will again be followed, and that the tolls exacted will be minimized so far as it can legally be done.