[1] The Price was found on November 10, 1913 with her bow above water, and her stern dipping below.

Because of her disposition, the ship's length could not be measured to make a positive identification of the vessel: the wreck was initially assumed to be the Regina.

The salvage rights to the Price were sold to the Great Lakes Towing and Wrecking company.

They attempted to seal breaks in the hull and built bulkheads so that the wreck could be floated.

However, salvaging the wreck was eventually considered too costly to be worth the expense and the Great Lakes Towing and Wrecking company abandoned attempts to raise her.