p.2 SHIPPING NEWS
Driven Into Port - The propeller Belle P. Cross, having in tow the barge Leader, both of which suffered much in a gale near this port recently, while on their way from Ogdensburg to Saginaw, had to take shelter at Hamilton on Wednesday night in consequence of the storm and shortness of wood. The Times says: "As a harbour of refuge, Burlington Bay possesses superior advantages over any other port west of Kingston, on account of its land-locked situation, and with a little alteration at the mouth of the canal, in order that vessels might tack into it in rough or stormy weather without the assistance of steam power, it would undoubtedly prove a haven of safety."
Schooner D. McInnis - This vessel, laden with coal for Hamilton, left Oswego on the 17th inst., and has not yet arrived at her destination, and fears are entertained that she has succumbed to the gales on the lake. Having started after the date on which insurance policies run out, the schooner and cargo were uninsured.
The Brig Mohegan Lost - The snow storm on Tuesday night last proved a destructive one. News was received yesterday that the brig Mohegan had been driven ashore at Point aux Barques, and had became a total wreck, the sea being so heavy as to preclude any hope of saving her. The crew were all saved, but must have had a very narrow escape, as all the books or ship's papers were lost. She was bound from Au Sauble to Cleveland with a cargo of lumber. The Mohegan rated B-2 in 1868, and was then valued at $6,000. She was insured for $2,500.
Schooner Montpelier Ashore - During the blinding snow storm of the same night the schooner Montpelier and tug Brockway which had her in tow, went ashore about four miles from Point Edwards, also the Canada shore. The Montpelier was bound from Chicago to Ogdensburg, with 20,233 bushels of corn. She is an A-1 vessel and strongly built, and will probably be got off without much damage.
Northern Transportation Company - The report of the suspension of the Northern Transportation Company contains many mis-statements, one being the ridiculously low figure at which the assets are placed - $120,000, against liabilities amounting to $400,000. The Company own twenty-one propellers, the value of which is computed at $1,000,000. They have property in Ogdensburg worth $100,000, in Cleveland $80,000, and in other places $120,000 - making a total of $1,300,000.
City Items - Messrs. Hugh Allan & Co., of Montreal, are spoken of among forwarders as having entered negotiations for the purchase of the Northern Transportation Company's propellers, with a view to monopolize the whole grain trade carried on between Montreal and wstern ports. Navigation on the Rideau Canal, with the exception of steam barges, has closed. The schooner Ihern (Ibern ?), from Oswego, with a general cargo, arrived on Friday, and will load pig iron for Cleveland. The brig E. Cohen laden with 400 tons of old Government stores sailed today; and the schooner Northern Belle, loading a similar cargo, leaves on Monday for the same destination. The steamer Rochester continues to run daily between Kingston and Belleville. The propeller Bruno passed down yesterday to Montreal on her first trip since being repaired of the damage received from being driven ashore on Chantry Island, Lake Huron.