We have this moment received inlelli. gence'of the loss of the three-masted schooner, Mary Elizabeth, owned by J. P. Arndt of this place. She left Green Buy on Tuesday lust, bound for Buffalo, and went ashore on Louse Island. The crew and cargo were saved, but it is supposed the vessel will be a total loss, an at the last accounts she was thumping on the roclis in a heavy sea.—Green JBcty Advocate*