Shipping Disasters.

Manawatu Standard, Volume XL, Issue 7353, 22 July 1902, Page 4

Shipping Disasters.

Tho H. P. Glado, a. German barque, which sailed from San Francisco 255 day sago, bouud for Queenstown with a cargo of grain, has been posted, at Lloyd's aa missing. Never in the history of (be port hag tbers been so much gambling in reinsurance on a vessel as on the Blade. Near); all the wine marine gamblers en the coast wagered that the vgbsbl would arrive safely at her destination nearly 500,000 dollars being staked on it. The heavip t gambling was done after the reinsurance was quoted at 80 per sent and over, and if the vessel had arrived the bettors would now bo dividing ovor a million doilars. Ie is presumed that nothing will ever bo known as to the fate of the Uiade.' The steamer Abydos, plying between Hamburg and Pacific, reports the losa o) Hid steamer Sakkarnh, on tho isliu.d of Huatnblin, off the Chilian eoasfc Thei Hakkaruh na»a new vessel, nnd wus 30 miles out of her courts when she struck, tt is beitvtd her chruno ueii-i- wa* defective. On Mh.v 1 the ye«- I struck on the sharp edge of a rock, nnd breukersdßshed ovor her. , Tne forward 'loots wero carried away, nnd the remaining lisa's wore used with grant <iirh'eultv. In getring rhe 42 passengeraway, Captain Piening displayed re '• nrkhble heroism, and . isked his life in caking over seventeen boips which contained 2,300,000 dollars in guld. T'e captain called for volunteers to assist him in this work, but only one young Chilian responded. The provisions had, before this, been taken ashore in sufficient quantities to last for three rnonihs The captain had a numbt-r of canvas bouses built to shelter thu ra»tuw»yß, and sent oft the mon in a small bout, who succeeded in reaehiegthu mainland 75 miles away. The Abydos received news of thp disaster at Valparaiso, and roachtd the island on May IG. A gain w«s blowing, but tho f-hipwrecked people were, by the heroic efforts of the seamen, drawn one by one from a email boat on board the Abydos. The boxes of gold were hauled through tho sea and safely taken on board tho Abvdoe, also all" the hands from tho wreck, who were landed at Oorrall. near Cop nel. on May 20th.