p.4 Floating Facts - The sloop Laura D. arrived light from Cornwall today.
-The steamer Chieftain took a load of withes to the island today.
-The sloop Lorraine is engaged carrying grain between the Atlantic and Richardson's elevators.
-The schr. Camanche and schr. Riverside are lying at the M.T. Company's wharf, awaiting barges to be unloaded.
-The prop. Persia called at Swift's this morning from St. Catherines on her way to Montreal. She had a large quantity of freight on board.
-The mail steamer Algerian started for Toronto last night but had to return on account of the storm. She was still at Swift's dock at noon today.
-Mr. R. Davis is building a steam yacht, which he intends placing on exhibition at the fair. She will be thirty feet keel, six feet beam and three feet deep, and have a six-horse power engine. She has a fine model, and when completed will be a very nice boat.
-The Royal Canadian Yacht Club race, at Toronto, for the Prince of Wales Cup was started yesterday, but had to be postponed, none of the yachts coming in within the specified time. Four started: The Wenona, Aileen, Oriole and Verve. Had the start been made at the proper time the Wenona would have won the race as the other three were completely out of the race. There was a very light wind. The race has been postponed till Thursday.
-The Inter-Ocean says: The depression in grain freights will, if it continues, have a more serious effect on the shipping than it had a year ago, because the business since that unfortunate season has been very dull and unprofitable. Vessels owners are not prepared to maintain their vessels in commission, and the season will probably have a premature ending. Reports from every point on the lakes give the information of vessels being laid up. The latter step will undoubtedly have to be taken by owners of a certain class of vessels if the prospects does not brighten wonderfully before the close of the present month. As long as grain freights continue dull, so long will other freights remain unprofitable.