HARBOUR GRACE -- The second town of commercial importance in the Island, is situated on the north side of Conception Bay. The harbor is about five miles long and has two light houses; the Harbor Beacon being a double light, one being placed above the other. Harbor Grace Island Light, which shows the entrance to the harbor, is a revolving light, showing alternately two white and one red lights. Harbor Grace has a large fishing trade, the curing of which, and the manufacture of seal and cod oil, are the principle industries. Messrs, J Munn & Co, who may be classed as the largest merchants on the Island, have added to their already large fish trade the packing of boneless cod, and are now erecting a factory for the manufacture of glue so as to use up the bone and skin. There are no public buildings to speak about. Unfortunately, about a year ago the pride of Newfoundlanders, "Harbor Grace (RC) Cathedral," was burnt to the ground. The interior decorations were on a grand scale, and, it was said, were not equaled by any other Church in the colonies. It is, however, now being rapidly rebuilt under the personal supervision of the Bishop. Distance by rail from St. John's - 86 miles. Telegraph, Anglo-American Telegraph Co. Mail daily. Population, 7000.