CABLE NEWS

Ashburton Guardian, Volume V, Issue 1015, 3 December 1883, Page 2

CABLE NEWS

<. AT h3T FriOtVi tIUROPc. [rKOTKU’s TELEGRAMS —COPYRIGHT.] Monetary and Commercial. London, Nov. 29 The total reserve in the Bank of England in notes and bullion is L 13,000,000, being an increase of Ljoo.ooo during the week. The proportion of reserves to liabilities remains at 43 per cent. The Bank rate of discount is unchanged at 3 per cent, and the market rate at 2 per cent. Consols remain at New Zealand securities —Five per cent. 10-40 Loan, 105; Five per cent. 1889 Loan, 104; Four and a half per cent. 18791904 Loan, scribed stock, 101 % Australian hides are in less demand, and prices are lower. .London, Nov. 30. Consols and New Zealand securities remain at yesterday’s quotations. The total quantity of wheat afloat for Great Britain is 2,250,000 quarters, being an increase of 400,000 quarters during the week. Adelaide wheat, ex store, 46s 6d; New Zealand do, 38s 6d to 43s 6d. Australian tallow —Best beet has advanced to 395, and best mutton to 43s {sic). Copra - Sydney sun-dried, Ll 9 10s. Australian leather —Best sides have declined to nj^d.

The Wool Sales. London, Nov. 29.

At to-day’s wool sale 8,300 bales were offered. The tone of the sale was firm. The total quantity offered since the opening of the present sales is 86,600 bales. The withdrawals amount to 70,000 bales.

London, Nov 30.

At to-day’s wool sale the catalogues comprised 18,306 bales. The market continues firm, with an active demand.

A Press Prosecution.

The publisher of the Tyrone (Ireland) Coutier has been arrested for printing and issuing placards proclaiming the views of the National League.

Carey’s Murderer. The trial of O’Donnell for the murder of Carey, the informer, at Port Elizabeth, has commenced at the Criminal Court. The French in Tonquin. Paris, Nov 29.

The Committee of the Chamber of Deputies voted the sum of nine million francs to cover the expenses of the French expedition to Tonquin. The Marquis Tseng, Chinese Ambassador, who has been in this city some days for the purpose of carrying on negotiations with the French Government, will shortly return to England.

Railway Accident. Paris, Nov. 30.

A serious accident occurred to-day ou the railway line near Montfort, Brittany. Eighteen lives have been lost by the disaster, and fifteen passengers have been suffering from serious injuries. The Congo Expedition.

The Government has decided to send reinforcements to De Brazza, who is engaged in forming French trading stations in the Congo. Spain and Germany. Berlin, Nov. 29.

It has transpired that Emperor William has telegraphed to the King of Spain, thanking him for the cordial reception accorded to the Crown Prince of Germany, and assuring him of his (the Emperor’s) lifelong friendship.

The Soudan Rebellion. Cairo, Nov. 30.

Intelligence has been received here that of the large body of gendarmes recently despatched tc Souakim onehalf have deserted when only half way on their journey. The news caused some alarm for the safety of the people in Upper Egypt, who are menaced by the rebels.

[Received Doc. 3, 10.30 a.m.] The Suez Canal. London, Dec. 1. It is announced that a convention has been concluded between Baron de Lesseps and a syndicate of British shipowners. The convention makes the following provisions:—Seven additional directors, all of whom shall be Englishmen, will be appointed to the Board of Directors of the Canal Company consulting committees to be appointed to act in conjunction with the English Directors; the surtax at present levied is to be abolished from January next, and pilotage dues in July 1884; transit dues are to be reduced to fifty centimes per ton from January, 1885, and further reductions will thereafter be made in proportion to the profits realised by the Company; a competent committee, composed one-half of Englishmen, will determine whether the present Canal should be enlarged, or a second one be constructed. Threatened Disturbances in Ireland. The ill-feeling which has prevailed for some months past in the North of

Ireland between the Orangemen and the National parties continues to increase and especially in the province of Ulster, where the tension is now very severely manifesting itself. In consequence of the fears entertained that serious disturbances may occur, a proclamation has been issued by the Executive forbidding meetings which were announced to be held at Newry, County Down, by Orangemen and Nationalists. The Mails. The mails via Naples, per Orient steamship Lusitania from Melbourne, October 22, were delivered on the 29th November. The San Francisco Mail. San Francisco, Nov. 39. Arrived, yesterday Pacific mail steamship City of New York, from Auckland, November 7th. Peace Overtures Suggested. Paris, Dec. 1. The Parliamentary Committee appointed to consider the question of the vote of credit for the Tonquin expedition, in making their report, recommended that endeavors should be made by the Government to arrive at an amicable arrangement with China, but at the same time the Committee recognises the necessity of sending reinforcements to Tonquin as a precautionary measure. Egyptian Affairs. Alexandria, Deo. 1. In view of the state of affairs in Upper Egypt H.M.S. Invincible has arrived at this port and will remain to watch the progress of events. [Received Dec. 3, 1 20 p.m.] Sentenced to Death. London, Dec. 1. The trial of Michael O’Donnell, for the wilful murder of James Carey, the Irish informer, at Port Elizabeth in July last, was finished to-day. The prisoner was found guilty and sentenced to death.

Ai ) S rHAL iA f •

(rEDTEr’s IKLKGKAMB—-COI'V RIGHT.] [Received Dec. 3, 1.20 p.m.] Shipping. ydney, To-day. Arrived, yesterday afternoon—Wakatipu from Wellington, Sculling Race. A sculling race took place on Saturday afternoon on the Paramatta river, between Trickett and Rush, for Laoo a side. Tnckett won easily by several lengths, -