On Wednesday afternoon the tugs Fullee and Fairy succeeded in towing off the Forest King which had been ashore on the veuel, Both tugs were towing abend, the Middle ground below the Kiutoan light-
Flee being on the starboard quarter of the Fairy, and they had proceeded about three miles, when the Fuhlee crashed into board side of the Fairy abaft of the through her guard, piercing the hull, and damaging her so badly that she sank in seven minutes in 21 feet at low tides. The Fublee had n broken and the plates on both of it stove in, The Fullee having rescued the crow ut the Fairy returned to Shanghai for repairs. It is anticipated that the Fairy can be raised.
Text read from the printed page and cleaned; old type leaves the occasional error.