R. & O. DIRECTORS.
The directors of the Richelieu & Ontario Navigation company have decided to raise the dividend on the stock from five to six per cent, one-half per cent being declared payable on December 1st to shareholders on record November 18th. The company's business of the past season and the excellent advancement made, was well known to all the directors and required no further discussion in its bearing on the dividend question.
Hon. E.B. Garneau, Quebec, director of the Richelieu company, stated that the company was governed by conservative motives in declaring the additional of one per cent dividend. "Its finances," he said, "are in excellent shape, the past season having been altogether more satisfactory than any previous season." He felt that the future of the company was now bright beyond a doubt.
THE WORST IN YEARS
The Storm On Lake Ontario Thursday.
According to the report given by marine men, there was a great storm on Lake Ontario on Thursday. Some claim that it was one of the worst storms in years. Luckily, however, no report has been received of any mishaps.
The steamer Acadian, grain-laden, arrived at the M.T. Co.'s elevator, at 5 o'clock on Thursday afternoon, from Fort William, and the captain and members of the crew reported that the storm on Thursday was the worst they had ever experienced on Lake Ontario.
Last night, at 10 o'clock, the M.T. Co. received a message from Port Dalhousie, stating that marine work was tied up there all day, and that owing to the storm, not one vessel had passed either way.
A great many vessels in Kingston were tied up, and had to wait until today to get away.
The yawl boat, which broke away from the schooner St. Louis, which was anchored a short distance out, having made a start for Oswego, was recovered at Cataraqui bridge, and was not damaged, although a report was given to this effect, yesterday.
The steamer Acadian finished unloading her cargo of wheat at the M.T. Co.'s elevator, and cleared for Fort William. The wheat was discharged into barges. The tug Emerson arrived from Montreal with three light barges.
Captain Cherry, of the steamer Belleville, one of the staunchest boats on the lake, said that this storm was one of the worst he ever experienced. The Belleville was loading at Belleville and the way the sea rolled there was something terrific. In all the years Captain Cherry has been going in and out of this harbor he said that he never saw the weather so rough as it was Wednesday and Thursday. It was impossible for the boat to get away from the wharf for some time. She was delayed three hours on account of the fact that the range lights were not lit in the canal, and she could not get to Trenton. She was anchored in the canal from 8:30 o'clock Wednesday evening to 6 a.m. Thursday. The Belleville was heavily loaded with cheese, apples and canned goods taken from Trenton, Belleville and Picton.
Swift's wharf: steamers left at midnight for down the river after making two unsuccessful attempts to get away; Belleville passed last night about midnight; City of Ottawa coaled at Swift's last night on her way up; H.M. Pellatt discharged freight last night on her way up; Aletha, which was unable to get down yesterday on account of the rough weather, is expected down today.
The steamer Warner, in tow of the steamer Flag, down-bound, parted her tow and ran aground on Ballard's reef below Amherstburg, on Friday morning. She is leaking and will have to be lightered.
p.6 Day's Episodes - The Wolfe Island council was to meet today and decide what improvements should be made to the steamer Wolfe Islander. The likelihood is that she will be lengthened and be stiffened by the addition of sponsons. The council is agreed that there should be enlargement of the ferry boat.
The waves in the harbor rolled so high yesterday afternoon that the spray flew right over the wheelhouse of the steamer America as it rounded Point Frederick. Those who watched the steamer were thrilled, as it ploughed its way through the great sea.