TO RAISE WINNIE WING.
On Saturday the Donnelly Wrecking company, of Kingston, sent an outfit to Napanee, to raise the schooner Winnie Wing, which sank in the river opposite that town a week ago Friday, after a collision with a government dredge. There are five feet of water over the decks. The Winnie Wing has 300 tons of hard coal.
The schooner Ford River, loaded with feldspar, will clear for Charlotte tonight.
The steambarge John Randall was in port, on her way to Oswego.
The steamer Missisquoi was in port from Gananoque on Saturday.
The steamer Sowards, from Fairhaven, is due to arrive at Crawford's wharf today to discharge.
M.T. Co.'s elevator: tug Bartlett from Montreal, one light barge, cleared with the barge Dunmore for Oswego, and barge Augustus for Ashtabula; steamers Turret Court and Tagona cleared for Belleville to load cement for Fort William; steamers Turret Cape and Calgarian are due to arrive on Monday, from Fort William, to discharge.
The assets of the steamboat companies to be taken over by the Canada Transportation Lines, Limited, are $33.055,538, and earnings for 1912 $1,494,554. An increase next year is anticipated, while by the new arrangement a substantial saving in insurance will be effected. It is proposed that the shareholders of this company receive $12,000,000 7 per cent cumulative preference shares and $4,000,000 ordinary shares of the new company for the $10,000,000 of Richelieu stock. The president said it would not be necessary to advance freight rates. The sale to a larger enterprise was deemed better business at a time of financial stringency like the present.
The steamer Dollard, which is practically completed at the shipbuilding yards for the Dominion government service was given her last official trial trip on Saturday.
p.9 Deseronto, June 19th - The steamer Porter and consort have unloaded a cargo of coal for Marlbank cement works. The Deseronto iron works has had two boats unloading iron ore this week.