p.3 The Ice Trade - The schooner Dundee, Capt. T. Taylor, is loading ice for Chicago at the foot of Wolfe Island. The loading of the Arabia with ice will be completed this week.
Soundings made by the harbourmaster at Chicago shows an average depth of fourteen and a half feet of water in the river from Rush street bridge to the Central slip, and fifteen feet from there to the lighthouse.
Lake Superior is eighteen inches lower than last year. At the upper entrance of Portage Lake and the Lake Superior Ship Canal there is about nine and a half feet of water. Dredges will be at work on the channel this week.
The Detroit Post says that no towing rates have been established yet, and there is a likelihood that none will be. Tugs are running wild, and towing for what they can get. Some of the vessels here seem to think that before the summer arrives, the rates will not be over half what they were last year. The tug men say that at the old rates they were unable to make any money, and if they run lower it is easy to see that before fall, the United States Marshall will have them all under his care.
A despatch from Milwaukee, the 12th says there was a great demand for grain vessels today, and several charters were made, all at 3 1/2 cents on wheat to Buffalo. The vessels chartered are the schooners Vance, Moonlight and Halstead, aggregating 130,000 bushels, and the J.B. Merrill, 40,000. There are no more vessels here fitted out, and rates at 3 1/2 are very firm. Vessel ownes again believe that an advance will occur, as no boats can be secured at Chicago to come here and load at the present rates.
Boat Building at Trenton - A new branch of business has been established in Trenton by Capt. Cuthbert. He is now engaged in building a five-ton yacht, and has a contract for building a new steam yacht 65 feet long, with 9 feet beam, for J. Ross Cummings. She will have double engines, and a cabin the full length of the boat. Her speed will be about 15 miles an hour, and is designed for cruising on any part of the lake. Cuthbert expects to have her out by August. It is also rumoured that he will build a new screw steamer for the Bay trade this summer and that he has now her model completed. The steamer is to run between Kingston and Trenton, and have a running capacity of 16 miles an hour. [Belleville Ontario]