p.4 Collins Bay - May 21st ..The steambarge Orion, and City of Owen Sound have arrived from Georgian Bay with timber. The tug Petrel broke her engine on the trip down the river with a raft.
It is said that the grounding of the str. Morley near Cape Vincent will cost the owners from $1,200 to $1,500.
J.W. Mawdesley, master of the str. Glengarry, was fined $17.85 for blowing a whistle on entering the harbor on May 17th, contrary to the by-law at Port Colborne.
Carter Brothers, Port Colborne, will make money out of the burned steamer N.K. Fairbank and her cargo. They pumped her up as she lay on the shore ten miles above Welland and then found a day when the lakes was as still as a millpond and then gently towed her into the mouth of the canal, for she was just afloat all the way down. They let her settle on the bottom of the canal and are now pumping out the 50,000 bushels corn cargo and selling it to farmers and Buffalo drying houses for 20 cents a bushel. The corn is scarcely damaged at all. The hull is not much burned and the machinery is in fairly good shape. The upper works only are entirely ruined. She will make a fine lumber carrying steamer. The wreck and cargo cost the Carters only $625.
New Lake Insurance Rates - The new marine insurance rates on grain went into effect on Tuesday. Boats trading to Lake Ontario, half of which are A2 grade, will be most seriously affected. By the new tariff vessels are divided into two classes: Class one includes all line steamers and A1 and A1 1/2 steam, tow or sail vessels. Class two includes all A2 vessels. On class one the average is waived, while on class two ten per cent extra is charged for waiving the average. The new rates are: To lake ports, class one, 23 cents, class two, 40 cents, to Port Huron, class one, 20 cents, class two 40 cents; Lake Ontario and Ogdensburg, class one, 35 cents, class two 50 cents; to Montreal, class one, 45 cents, class two, 65 cents. After September 1st, the rates for low grade vessels will be materially increased.
Marine Losses Heavy - Insurance losses this season up to May 15th were unprecedentedly large. The aggregate was $520,000, as compared with losses last season at the same date of $136,000. The spring of 1893, which opened up with a long list of disasters, cost the insurance companies but $320,000. Underwriters were somewhat appalled when they received the report for the early spring. As insurance rates are lower this spring than they have ever been, the outlook is said to be decidedly blue.