GENERAL CABLES.

Taranaki Daily News, 31 July 1915, Page 5

GENERAL CABLES.

THE EASTLAXD DISASTER. By Cable—Press Association—Copyright. Received July 30, 5.5 p.m. Xew York, July 29. At the Eastland inquest, the verdict named the head otlicials of the company, owing to the steamer, the captain, the engineer and the stcanilboat inspector as being responsible for the disaster. It is behoved that the Eastland rested oil the river tottoin, settling over when tin- crowd thronged on board. TYPHOON AT .SWAXCriAT. (Times and Sydney (sun Services.) London, July ,-29. A typhoon 'at Shanghai did great damage. It is believed two thousand lives were lost. EARLY CLOSING. Received July :iO. Co p.m. Sydney, July 30. Petitions are being largely signed in favor of six o'clock closing of .hotels. AUSTRALIA'S PROSPERITY. Received July .'!(), 8.5 p.m. Sydney, July 30. The Daily Telegraph comments'on the augmented depression in the investment market, resulting on the flotation of the English and Australian war loans. A prominent feature is most noticeable, that the largest and best-known companies say Australia has no reason t,o be nervous over the loan, which represents not much above one per centum of our wealth. Reviewing the wool season just ended, the Telegraph savs it is estimated Hint only five thousand old bales are on hand, a position far more favorable than one dared to expect in December.