Ald. J. Stewart, manager of the local branch of the K. & M. forwarding company, has chartered the str. Sequin to carry a cargo of grain from Fort William to this port. The rate paid was nine cents per bushel.
Seven grain-laden barges, belonging to the K. & M. forwarding company, their cargoes consigned to Richardson Bros., are lying at Portsmouth. It was found impossible yesterday to unload them on account of the heavy gale blowing on the lakes.
The steamer Myles left for Hamilton yesterday to go into winter quarters. She was unloaded at the K. & M. forwarding company's wharf yesterday. When the Myles reaches Hamilton it will be her first appearance in the port in two years. The propeller towed the barge Merritt to Hamilton.
Personal Mention - William Stewart, of Montreal, managing director of the Kingston & Montreal forwarding company, is in the city to close up the season's business. He is the guest of his brother, alderman J. Stewart, manager of the local branch of the forwarding company.
FOURTEEN FOOT NAVIGATION.
It is a commonly entertained opinion that the deepening of the St. Lawrence canals to fourteen feet would be of material aid to this city by creating a traffic that might in time assume enormous proportions. Strange to say, one of the heaviest shippers in the dominion, a resident of Montreal, combats this prevalent opinion, holding that the deepening of the canals would not result in the expected increase of lake traffic. The reasons he gives for his conviction ae not unimportant. In the first place, the large and expensive class of steamboats by which freight can be most economically carried from Duluth to Fort William, cannot afford to be delayed by the slow progress incident to the use if the canals. As it is today, shippers find it preferable to tranship their freight at Kingston, carrying it down in barges to this city. The cost of transhipment is but small, and is insignificant when compared to the expense occasioned by the delays of canal navigation. The fast steamer can make far more money for its owner by unloading at Kingston and returning to Fort William immediately without waiting for return freight, than by coming down the canals or by waiting at either Kingston or Montreal for a return cargo. Another of his contentions is that the St. Lawrence river itself, in some parts, would require to be deepened to accommodate vessels that would require fourteen feet in the canals. For instance, when an east wind is blowing, the river near Prescott is sometimes not more than eight feet deep. As a consequence heavy expense would be incurred in completing the St. Lawrence system.
Where's The Schooner?
Cobourg, Dec. 5th - The schooner Picton, loaded with coal for Cobourg, left Oswego on Wednesday for this port. No tidings have been received regarding her whereabouts. It is feared she foundered during the gale of Wednesday evening or Thursday morning. Captain James Terry has charge of the schooner, while James Kanaly, John Lavis, Owen Markey, William Terry and two other hands comprise the crew. The Picton is owned by a Cobourg syndicate.
Later - Two schooners have been sighted about fifteen miles south-east of Brighton, Ont. One is thought to be the missing Picton, but nothing definite has yet been heard. Both schooners are at anchor.