We regret to learn that James RAY, a youth of 12 or 13 years of age s/o Robert RAY, Esq. of (St. John) city, was lost overboard from ship "Lesmahagow" on her passage from London to this port. He had gone to England for the benefit of his health and at the moment his parents fondly expected his return, in the full enjoyment of youthful vigour and vivacity, they heard the melancholy news that the boundless ocean had closed over him forever.