LATEST FROM EUROPE.

Ashburton Guardian, Volume IV, Issue 1004, 25 July 1883, Page 2

LATEST FROM EUROPE.

[reuter’s XKLEOKAMS —copyright.]

The Mails. ' _ London, July 23. The homeward mails via Suez, dated Melbourne June ist, were delivered here to-day.

Frozen Meat. A portion of the cargo of frozen mutton, ex Orient steamer Lusitania, was sold to-day at 6j£d to yd per lb. The meat is in good condition. Monetary and Commercial. Consols remain at New Zealand securities—Four and a half per cent. 1879-1904 Loan Has fallen 10s, and is now quoted at ioij£ ; Four per cent, inscribed stock has declined from 101 to par ; Five per cent. 1809 and fo-40 Loans remain at 106 and ios}4 respectively. The wheat market continues active, and prices have further advanced is for colonial tfheat. Adelaide wheat, ex store, is worth 473,; and New Zealand ditto, 44s to 475. Adelaide flour has risen 6d to 335. Australian tallow —Best beef remains at 403 and best mutton at 41s. The Suez Canal.

In the House of Commons last night, Mr Gladstone made the proraised statement as to the course which the Government intended to pursue re* gardtng the provisional agreements which were signed by Mr Childers and Comte de Lesseps for the construction of the second canal through the Isthmus of Suez. The Government, the Premier stated, had decided not to ask Parliament’s sanction for the agreement form, since it had been generally disapproved by the commercial and shipping interests. Mr Gladstone added that the Government had arrived at this decision in order that time might be obtained for considering a better scheme and one by which the canal would ultimately be brought under the control and management of the International Commission. It ha<3 transpired that Comte de Lesseps has written a letter to Mr Gladstone, announcing, that the Suez Canal Company has decided to undertake the construction of a second canal, and will introduce the- - reductions in the tariff specified by himself and Mr Childers.

Fighting in Zululand. Capetown, July 21. Intelligence has been received from Zululand of further fighting between Cetewayo and rebel Kinglets. Ihe latest accounts state that Cetewayo has suffered a severe repulse and heavy losses. L'setipu, a powerful chief, attacked and defeated the King’s army, subsequently burning Ulundi, the capital town. In the battle Cetewayo was severely wounded. The Cholera. Cairo, July 23 The Khedive has returned to this city and has expressed his intention of supervising the operations for the extinction of the cholera epidemic. ' [Received July 25, 2.30 p.m.] Not Admitted. London, July 24. In the House of Commons to-day Mr Gladstone stated that the Government had never admitted that Count De Lesseps possessed the monoply of the waterway through every part of Egypt, but only through the country directly forming the Isthmus of Suez. Cholera. Alexandria, July 24.

Cholera is now raging in this city and in Ismalia, and the latest reports from Cairo state that the British troops stationed there have been attacked, and are under immediate oiders to leave the city. Zululand. \ Capetown, July 24. Further telegrams to-day from Zululand state that Cetewayo escaped capture after the defeat inflicted upon him by Usibepu, and has fled from Ulundi. Cetewayo’s followers suffered enormous Joss in the battle fought at that place.