CABLEGRAMS.

Mount Ida Chronicle, Volume 26, Issue 1338, 15 August 1895, Page 3

CABLEGRAMS.

Owing to th<».refusal'rif *he .BritUh depositors of The City of Melbourne to accent the amendments in the. scheme for the reduction of interest, the doors <»F th« hank have been voluntarily closed for winding up. Ther- was little excitement, as fa-"" knew of the intention to close, while other banks we re sea reel v affected. The Standard advises the sale of the bank's business to other banks. Purchases are being msde of notes, drafts, and deposit receipts of the hanks, several thousand pounds' worth having been sold at 7s B<l in the £. Merchants, just returned to Sidney from .rapan. say that that country will presently take Jarce quantities of the finer Australasian wools. Hides would be rnpeived but for the careless method of branding. The rain, which has fallen frequently since last month, is spoiling the English harvest. The Mirk Lane Express estimates that the crops of England, Scotland, and Wales will be 22 per cent, below the average. Heaw losses of stock in S. Queensland from drought. The steamer Port Chalmera, 4154 tons, bound from London to Sydney almost suffered shipwreck after rounding Cape of Good Hope, through colliding with an iceberg. A hundred tons of ice fell on the deck almost capsizing her, while the bows were smashed in and all the efforts of the cretv were necessary to keep her afloat. She put in at Adelaide in a very battered condition.