p.2 Loss of Schooner Sterling - This vessel, belonging to Mr. David Deacon, became water-logged off Cobourg, in the storm on the 14t inst. The vessel strained, a piece of plank came out of her starboard quarter, and had she not been loaded with pine lumber, she must have gone down with all hands. Her boats during the storm were washed off the decks. Her entire deck load, composed of 12,000 feet of lumber, was washed clean off in the beginning of the storm. The vessel, in an unmanageable state, knocked about the lake from Tuesday morning till Thursday evening, when she struck below the Garrison wharf, about four o'clock, in endeavoring to make the harbour. When she struck she was full of water and wholly unmanageable. The owner, who is a poor man, and sailed the vessel himself, had no insurance upon her; she will be a total loss. A subscription is being set on foot for him, to enable him to pay his hands, and get his vessel afloat again if possible, and in these days of railway rejoicing we hope that a misfortune of this kind will meet practical sympathy.
The Chicago has the following in regard to the sale of the Dean Richmond, and the arrangements that are being made to establish a direct trade between Chicago and Liverpool:
"We learn that the Dean Richmond has been sold at Liverpool for $27,000. She cost $19,000, which leaves the very handsome profit of $8,000 to her owners. The cargo was sold in Liverpool at an advance of 68 cents per bushel over its cost, netting a profit of $9,520. For the pioneer voyage in a new trade, this must be considered a very successful result. In this connection we notice that Stewart Kerr Esq., a heavy produce dealer, of Liverpool, England, is now on a visit to this city, with a view of making arrangements for a direct trade between this city and Liverpool. He left Liverpool immediately after the arrival of the Dean Richmond at that port. The project of sending over three or four more of our lake vessels to Liverpool direct is talked of on Water Street, and will probably be carried out. The idea of sending over the John V. Ayer this fall, has, we believe, been given up by her owners, but there are, doubtless, brigs of good qualities which can yet be secured before the season closes.No time is to be lost, however."
Imports - Oct. 21st - Str. Cataract, Oswego, (gen. cargo).
Barque Arabian, Michigan City, 15,000 bushels wheat, Hooker, Pridham & Co.