MELBOURNE.

Daily Southern Cross, Volume XXVI, Issue 3972, 16 May 1870, Page 6

MELBOURNE.

May 3 : A large meeting of the National Bank was held to-day, Sir F. Murphy in the chah\ The report was read, and Sir F. Mil' phy explained that the actual loss was only €20,000, whilst £40,000 more probably would be the full extent of the loss. Captain Ooffey moved an amendment on the report, that a 10 per cent, dividend be declared, which, ia likely to be carried. The meeting adjourned. Mr. Young succeeds Mr. Wright in the management. Sullivan's party have succeeded in ejecting the others from the Duke of Edinburgh Thoatre. It is understood that it will be kepfa for Mr, Baivy Sullivau, who is expected to return. May 4 The Presbyterian report on the Ladies' College states that £500 are available towards bringing out a first-class teacher from Scotlaud. During the trial of a case to-day, in the .Supreme Court, it transpired that a labourer named Quinn. entrusted ths late Ambrose Kyte with £750, the result of thirty-seven yeai's' savings, which was lost. The teas ex ' Corypheeus' were partly sold at current rates. Messrs. Dalmahoy Campbell and Co. report best beef at 265. 6d. per 1001b. ; 601b. wethers, 155. ; 461b. ewes, 9s. Messrs. Power, Rutherford, and Co. report that 1,500 head of cattle, chiefly Sydney Northern, were part sold at about last week's prices. Prime bullocks, £9 to £11 ; cows, £7 to £8 10 a. 20,000 sheep wei-e yarded ; brisk sales were made at fully previous rates, prime quality rather higher. Biiverina wethers sold at 13s. 6d. May 5 ; Mi', Climie, agent for Fairlie's Railway, has submitted plans for the Beechworth line, but the Government are not likely to accept them, A rew progesg of wool-scouring has been discovered, ches^ai' than the present system by one-fourth. The shop of Mr. Anderson, jeweller, was robbed of property to the value of £400. The detectives discovered the booty and arrested the thieve 3. Maize has advanced to 55. ; in the cattle market, young stock is in much demand. May 6 : The railway t 'nders Uayo been opened. The lowest lump sum is i 316,100. Taken separately, the amount for the three sections is only £299, 190. The ' Sea Ripple' has arrived from the Mauritius, with sugar. Maize is scarce, and in demand. The Argus recommends the establishment of a law college, and the amalgamation of the piofessions. The Chamber of Commerce is urging the Government to extend the wharf accommodation. The Rev. Charles Clarkes , readings from "Pickwick," and other comic pieces, in the pulpit last night, is much commented on. The bank has commenced further proceedings against Draper. Professor Gam^ee's preserved beef, o;; ' Crusader, ' has not yet been opened, but circumstances transpired during the voyage, which leaci to the belief that it is another failure. The prospectus of a new bank has been issued, to bear the title of "The Melbourne, Ballarat, and Sandhurst Bank," with a capital of £600,000. Some g-nd names are attached to the prospectus. Feeding grains are advancing, 'x'he ' Cornelia Matilda' arrived from Rotterdam.