The schooner Granger is taking slag from the Locomotive Works and dumping in into the river.
M.T. company wharf: tug Thomson up with three light barges, and cleared down with two grain-laden barges.
Swift's wharf: steamer Picton up last night; steamer City of Montreal up this morning; steamer Aletha, bay ports.
The steambarge Navajo is at Richardsons' wharf with general freight from Montreal and way ports. On the way up she had a slight collision, bending her nose severely.
Propeller Myles, with pulp-wood, from Quebec to Fort Erie, passed up last night, but encountering a heavy sea, and nearly exhausting her supply of fuel, had to return to port to coal up.
Craig's wharf: propellor Lake Michigan up this morning; steamer Waterlily up last night; steamer Niagara down last night; steamer Alexandria due up tonight; propellor Cuba up tomorrow morning.
The Insurance On Boat.
Kingston, Oct. 12th - To the Editor:
In answer to your letter of "Islander" in issue of 9th inst., permit me to state that under the conditions named the amount paid would be $12,500, as follows:
The value of the boat being $24,000 the owners' contract to carry seventy-five per cent, which is $18,000; the insurance people only carry $15,000, leaving them co-insurers to the amount of $3,000.
Now if a $15,000 loss occurs the insurance company is liable for fifteen eighteenths of $15,000, or $12,500, a clear loss to the owners of $2,500 by having the seventy-five percent clause.
If loss was only $1,000, the loss to owners would be one-sixth or $166.23 and so for each $1,000.