It did not rise at all.
"It cannot be the moon," said Jonas, "for it is now full a quarter of an hour since we first saw it." "Yes," said the farmer's wife, "I knew it couldn't be the moon." Just at this moment, the sleigh came around the point with great speed, and brought into view a very bright but distant fire, far before them.
"It is a fire!" they all exclaimed.
"But it isn't in the direction of the village," said Jonas.
"It must be some farm-house," said the farmer's wife, "on the shore." "No," said Jonas, "I think it is on the ice." It very soon became evident that the fire was upon the ice.

It was plainly a large fire, though the distance made it look rather small.

It was very bright, and it flashed up high; and a cloud of illuminated smoke arose from it, and floated off to the northward.

The party in the sleigh could soon perceive, also, a number of small, bright spots near it, which seemed to be in motion about the fire.

They looked like the moons about the planet Jupiter, seen through a telescope.
"I wonder what it is," said Isabella.
"I presume," said Jonas, "that the boys are out skating, and this is a fire on the ice, which they have built." "And are those the boys moving about ?" asked Oliver.
"Yes," said Jonas.