The letters from Riga announce a piece of disastrous intelligence
for our underwriters : the Vulture steamer, bound for St. Petersburg, which sailed from London on the 1st instant, was lost near the Island of Oecel on the Sth ; and her cargo of indigo and cochineal, valued at 150,000/., is partly damaged and partly lost.
Another loss was placed on the books at Lloyd's on Thursday, in the risk of which the underwriters of the room are deeply concerned. It is the Chase, Brow ii, With a valuable cargo of twist, from Hull for St. Petersburg. She struck during a bard easterly gale on the morning of the 30th (12th) of May, twelve miles to the westward of Nargo Island; and foundered so suddenly, in forty-five fathoms of water, that the crew with difficulty reached the stern-boat to proceed to the Canada, from Sunderland, four miles distant. There was no chance of saving any part of' the cargo. It is said as much as as 60,000/. was done upon her, by Lloyd's men, at a premium of 10s. per cent.
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