LATEST FROM EUROPE.

Ashburton Guardian, Volume IV, Issue 833, 4 January 1883, Page 3

LATEST FROM EUROPE.

j.- [KBUTER’a TELEGRAMS COPYRIGHT. 3 Monetary and Commercial. London, Jan. 2. 'Consols have advanced to New Zealand securities remain as follows Five per cent 10-40 Loan, 105 '> five per cent. 1889 Loan, 104 ; four and a half per cent. 1879-1904 Loan, Market rate discount has fallen to per cent.; bank rate 5. Adelaide wheal, ex store, 495; New Zealand ditto, 43s 6d to 465; Adelaide flour, ex warehouse, 335. Australian tallow—Best beef, 425; best mutton, 44s 6d.

A Suggestion. London. Jan. 2, 4.12 p.m.

Mr Edmund Young has issued a circular expressing his opinion that the increased expedition in the transport of Australian, wool to the English market requires that the dates of the sales should be changed. . He invites colonial WO6I importers to form a committee to discuss the propriety of commencing next year’s series on January Bth, March nth, June 17th and September 23rd, which would secure the advantages of" ah even market throughout die year;'and ensure the old clip being sold before the arrival of the new one. Be alsd considers it would be advisable to_ alter the dates of the third and

fourth series this year, so as to terminate the auction sales early in November.

The Victorian Loan. / London, Jan. 3. - v^The-London morning papers an- ' flounce that the loan of 14,000,000 for |he . Victorian Government will be placed on .the market on the 9th inst., the price of issue being at par. , v -* {Received Jan. 4,12.60 p.m. . - - Por One Year Only. - It has transpired that the Egyptian Government has proposed to the ’POwers that the i present mixed International tribunals in Egypt should only for .another year instead k dtforan indefinite time. .&V Oambetta’s Funeral. ft- ; .v- , . Paths, Jan. 2. ' of M. Gambetta will take {face on the sth inst. 'i- Be French wees on Oambetta’s Death, r S'^fThe, French press, referring to M. death, assert that the (*? j I,imj|btlity of the Republic will not be in way endangered by the loss it has >- auffered, but it declares that concord in Statens an imperative necessity at t time, > [Received Jan, 4, 12.50 p. mj S terrible Floods in the Rhine valley* WT - .'*■ . Beeun, Jan. 3. heavy' rain has fallen in the southern provinces, and the floods in n *lhe Rhine Valley have extended to a p Chamber of towns and villages which are and several persons have drowned. Floods'and Great Loss of Life and Property. Vienna, Jan. 3. i, Severe storms, of rain have been ex4» the northern districts of and disastrous floods have oc;|§inred, resulting in much destruction and loss of life.