Launches. - There was a lively time in the Ship yards of Messrs. Goble & Macfarlane and Lee & Navagh this morning. Preparations were made for the launching of a vessel from each yard, and the programme was carried out to the perfect satisfaction of the builders, and also the large gathering of people who were attracted to witness the proceedings. At 10 o'clock the schooner Oliver Branch gracefully glided into her element amid the cheers of the crowd.
She is an elegantly modeled ship built by Messrs. Gobble & Macfarlane for Mr. O.M. Bond and others and she sits upon the water like a duck. She - like the "Henry Fitzhugh," launched from the same yard a few days since, - is wire-rigged throughout, and it gives her a trim and rakish appearance such as sailors delight to see. her dimensions are as follows: Length 110 feet, beam 15 feet, hold eight feet. She is built for the lumber trade with Saginaw and the lower lake ports, and will be commanded by Stephen Lefaivar. She can be used for grain carrying if necessary. The Fitzhugh and olive Branch are the first wire-rigged vessels built in this city.
After the Olive Branch had been successfully launched, the crowd had to "look quick" for the movement of the Corsair, a splendid vessel just completed by Messrs. Lee & Navagh at their yard. At half past 10 o'clock precisely she moved from the ways and slid into the water - to use an elegant, though not entirely original expression - "as slick as grease." Her splendid lines, and perfect model were the theme of general comment.
She is one of the finest vessels ever built here, and is a credit to the firm of Lee & Navagh. The Corsair was built for, and is owned by Messrs. DeWolfe & Smyth. Her dimensions are over all length 242 feet, beam 26 ft. 3 in., depth of hold 11 feet, and will carry about 18,000 bushels wheat through the Welland Canal - at least until the Niagara Ship Canal is built. she will be commanded by Capt. Richard Earl, a competent and faithful officer.