The small schooner ST PETER was loaded with grain when she sank 35 miles from Milwaukee, Wisconsin, on 5 May 1874. The crew reached shore in the yawl.

Schooner St. PETER, cargo grain, foundered Lake Michigan, May 1874. Total loss. Cargo loss $12,000 Hull loss $10,000.
Casualty List for 1874
Chicago Inter-Ocean, Dec. 25, 1874

. . . . .

The crew of the small schr. ST. PETER have arrived at Milwaukee in a yawl after having pulled a distance of 35 miles from the northeasterly direction, where they report the schooner sunk. When the leak was first discovered the ST. PETER had nearly 2 ft. of water in her hold, and nothwithstanding every effort was made to free her with the pumps, the water gained so rapidly what the crew were compelled to abandon her in a snking condition. She went down soon after their departure. The ST. PETER had a cargo of 8,000 bu. corn, which was taken on board at Chicago. It was consigned to J.H. Vought, of this city.
Buffalo Commercial Advertiser
May 8, 1874 3-5

The schr. ST. PETER which sunk on Lake Michigan a few days since, was insured in the Mercantile Insurance Co., of Cleveland, and the Mechanics’ & Traders’ of New York, to the amount of $6,500. The cargo of wheat was insured for $11,000. The vessel was owned by Capt. Flood, who 2 years ago sailed the CITY OF THE STRAITS. She measured 119 tons, rated B1, and was registered at a valuation of $4,500.
Buffalo Commercial Advertiser
May 9, 1874 3-5
The small schooner St. PETER, grain laden, sunk in Lake Michigan, 35 miles from Milwaukee on May 5th. The crew reached shore in the yawl boat all right.
Port Huron Daily Times
Saturday, May 9, 1874
The schr. St. PETER, which a few nights since sprung a leak and sunk in Lake Michigan, laden with wheat, was during her brief career an unfortunate craft. She was built at or near New Baltimore, on Lake St. Clair, during the fall of 1868 and winter of 1869, commencing her career in the spring of that season, during which she twice got ashore, and afterwards struck a rock near Kelley’s Island and sunk, laden with 7,000 bushels of wheat. She was abandoned as a total loss, but in the season following was rescued and sold to Detroit parties who subsequently made sale of her to parties on Lake Michigan.
Detroit Free Press
May 10, 1874