PRINCESS MAKES A CRUISE. During Her Trial Trip the New Boat Shows a Clean Pair of Heels—Has Large Sail Area But Other Boats Expects to Give Her Good Run. At the moonlight cruise of the Ha waii Yacht Club to Pearl City and return the Princess, Prince Cupid's new yacht will make her first public appearance in the Hawaiian waters. She is being cloged up now under the direct supervision of Prince Cupid who took a spin out in the harbor both Monday and yesterday afternoon Yesterday's trial was a good one, as there was a splendid breeze blowing. The Princess’ sails had been tightly bent and could stand a great deal of pressure. A number of yachtsmen were out at the club houses to see the new boat, and, although they admired her behavior and graceful lines, still they believe that in a race with the Myrtle or the Wikiwiki she will not have all her own way. ‘The Princess is a good boat. She works up to the wind and when her centerboard is up she is very speedy. As she enters the water she cuts it and throws up quite a wave. Her sails fit well and very rapidly does she answer her helm. The Princess carries a large area of canvas, and her spars and stays are as light as possible, consistent with strength. She has a square raking stern and her hull is canvas covered to the well. In her class she should have the speed of anything in the fleet in winds moderate enough to al low of safe falling. Her boom anio gaff are slender look ing sticks as is her Epinnaker boom. She carries an extra spar for a balloon By the time of the moonlight cruise of the Hawaii Yacht Club the Princess will be in good trim to show what she can do against the speedy boats. The Myrtle and Vi kee will go after her for all they are worth and give her a good try out.