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Grey River Argus, Volume XII, Issue 1201, 4 June 1872, Page 2

The schooner Lady Don has made another good passage from Lyttelton, and was brought safely over the bar yesterday by the Dispatch. ■ Sho brings n cargo of produce, particnlnra of which arc published above. The s s Murray sailed early yesterday morning for Hokitika. She will call here on her return, and will then have immediate despatch for Westport and Nelson, The 8 6 Kennedy sailed last night for Weatport and Nelson. ■ The agents have received n telegram from Kelson, notifying the Gothenburg's departnre for the Coast at six o'clock last night, and m tho weather is fine she will no doubt be up to her advertised time, sniliu" from here at seven o'clock to-night. ° Captain Birch, of the barque Pet, which vessel arrived in harbor ou Sunday night from Brisbane, reports that on tho 20th nit, wbxn 45. miles from Capo Byron, 1 c spoke the barque Alice Cameron, totally dramasted and light jury-rigged .; all well on board. The master of the Alice Cameron wanted some spars, but Captiin Burch was unable to supply any. When spoken the dismantled biti-quo had been 22 days dismasted. —Newcastle Chronicle. News comes from England 'which will gladden the hearts of all ship-builders in the Dominion. We have reliable information that a very marked reaction has takes place in the value of timber-built'shiw-there is a considerable demand for them and English owners who, two or three years ago, imagined that they were going to be ruined, now won't sell their vessels. The market value of wooden ships has so fai advanced that it is said that some hundreds of pounds more may be had for firstclass property of this kind than was ever imagined would be the case. Several large clippers which worn lying in Liverpool docks were purchased a tdiort time ago by Tyne shipowners iifc comparatively low rates; nndthese have been run so successfully in certain trades against the screw steamers as to. have caused a revival of trade in wooden,' shins. Tho wooden fleet of the Tyne has hitherto been principally employed in bringing Spanish Kspafeto grass for the paper mills and in the coke trade. Ik i*

announced that this year a considerable number of vessels of this description sailing from the Tyne will be put into the Canada timber trade. English papers complain that small coasters have -ilso become very scarce, and there is a continued difficulty in getting handy little ships to carry small parcels and goods from our Northern ports. This, they say, has been very much felt during the Winter in the oversea trade, as steamers', not being able to get return cargoes, ceased running to several places ; the weather being open, merchants would have liked to have got goods away which are very much wanted on the other side, but there has beon tho difficulty about ships. From these reports it would appear that thero will bo a good market in England for Canodian-built'wood vessels during the present year, and doubtless a largely-in-creased number of vessels will be built in our ship-building yanls. This revival of trade in wooden vessels must add to the prosperity in tho Dominion. — Montreal Gazette.