p.3 Cutting Rates - Insurance on vessels is now given at rates ridiculously low. Owing to the bad state of business, the weak companies have found themselves unable to obtain the figures given to old standard institutions, and have accordingly had recourse to the expedient of lowering rates. The war of companies has brought the rate down 3 1/2 cents per $1 with ten per cent off. Several of the older companies, such as the Phoenix and a few others refuse to come down, and are determined to charge paying figures whether they do any business or not.
Short Notes - A new steamer is being built at Merrickville (costing $7,000) to run between Ottawa and Kingston. She will be launched in June.
Left - The Algerian made a move this afternoon for the west, thus commencing the mail steamers' trips for the summer.
LAUNCH AT GARDEN ISLAND
The Prussia Afloat
Messrs. Calvin & Breck continue to add to the fine fleet of schooners which they possess, and the latest addition was made yesterday afternoon at half-past two, by the launch of the Prussia. The new schooner is a beauty, and as she glided off the ways she took to the water like a duck, and seemed to be happy when she found herself floating on her native element. The Prussia is 139 feet keel, 145 feet over all, 20 feet 2 inches beam, 14 feet hold, and registers 385 tons. Her frames are solid oak, very heavy, and she is extra heavily fastened. From the keel to the bilge she is planked with elm five inches thick. From the bilge to the covering board she is planked with four inch oak, of the very best quality. She is designed for the Lake Superior pine trade and is expected to carry about 22,000 feet of pine timber. Should ocean freights advance her owners intend sending her to South America next winter. Mr. Roney deserves great credit for the neatness and stability of the workmanship, and Mr. Dix has fitted her rigging and sails second to none on either salt or fresh water. She will not be painted until next year as D.D. Calvin, Esq., thinks it injures the wood to paint it before the sap dries out. Capt. Tom Donnelly, a pupil of Capt. Malone's, will sail her, and if he has as good luck as his former Captain he will not have cause to regret it. She leaves on Tuesday next for Port Huron for a cargo of timber and staves.
Sailors are shipping at Port Erie for $1.50 and $1.15 per day.
Grain freights from Toledo and Detroit to Buffalo are two cents a bushel.
The water in the Sault Ste. Marie canal is very low, being only eleven feet deep.
The Collinsby Rafting Company has engaged men at $20 per month for this trip.
There is a ten foot shoal near Middle Island, Lake Erie, which is not down on the maps.
27,000 vessels pass through the Detroit River in a year, and 40 per cent of the vessel tonnage of the United States to the lake trade.
The Garden Island fleet have been manned with bargemen, and will be towed on their voyages until seamen are willing to accept wages proportioned to freights.
The bark Acorn was bored through a night or two ago by members of the Seamen's Union, and in consequence of the indignation felt at the act, the grain vessel owners and lumber vessel owners have joined together.
St. Lawrence & Chicago Forwarding Co. - Arrivals - schrs. Agnes Hope from Port Hope, 14,000 bush. wheat; M.A. Ryden from Port Hope, 15,818 bush. wheat; Lewis Ross from Port Hope, 14,397 bush. wheat. Departures - tug Jessie Hall with barges Mohawk, 21,058 bush. wheat; Seneca, 18,277 bush. wheat; Iowa, 21,840 bush. wheat; Kansas, 20,671 bush. wheat, being all for Montreal, and the first tow down this season.