BIG SHIPYARD AT BUFFALO.
Buffalo, Nov. 1st - Edward Gaskin and Lewis Warfield, supported by New York capitalists, have bought of the Erie railroad company the plant of the Union dry-dock, and will continue the business under the name of the Union steamship company. The investment will amount to more than $1,000,000. Mr. Gaskin, who has been superintendent of the dock for several years, says that the new company will make a specialty of building first-class steel vessels for lake and ocean service.
The sloop Rover cleared today for Stella with lumber.
Seamen's wages out of Chicago are now $3,25 a day, an advance of 50 cents.
The steamer Persia, from Toronto, called at Craig's wharf this morning.
The steamer Islander arrived from down the river this morning and will go into winter quarters.
The steamer North King will not be able to leave the government dry-dock before Saturday. There are considerable repairs to be made to the vessel.
An agent reports having refused to carry a lot of 8,000,000 feet of lumber from the head of Lake Superior to Chicago at the $2.62.5 rate. He thinks freights will still reach a very high figure.
At the M.T. company elevator: Tug Bronson arrived from Montreal with four light barges; tug Thomson, from Charlotte, with two coal barges; tugs Bronson and Thomson cleared for Montreal with eight laden barges ; steamer Glengarry and barge cleared for Charlotte with barge to load coal.
p.8 Captain Donnelly's Opinion - when Father O'Brien, the yacht designer, showed all his models and plans to him; thinks he is one of the best amateur yachtsmen he has ever met.