SPECIAL CABLEGRAM.
[from our own correspondent.] London, June 3. The Legislature authorises the American <->'overnmeiit to co-operate at the Sydney Exhibition. Leather is quoted at 9(1 to lOi-d. The first clay's catalogue for the wool sales this month consisted of 5500 bales. Sydney, June 5. The Australian and European Bank at Melbourne has stopped payment. Particulars are not yet known. There is terrible excitement at other banks and Building Societies. A notice oil the door of the European Bank states that the Associated Banks will cash their cheques (? notes). Later. The Sydney branch of the Australian and European Bank has just closed. The liabilities are all in Melbourne. The panic continues in Melbourne.
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Bibliographic details
Oamaru Mail, Volume IV, Issue 976, 5 June 1879, Page 2
Word Count
113SPECIAL CABLEGRAM. Oamaru Mail, Volume IV, Issue 976, 5 June 1879, Page 2
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