CABLE NEWS

Ashburton Guardian, Volume V, Issue 1026, 15 December 1883, Page 2

CABLE NEWS

Afcif FROM £URO?t.

[rGUTKK’3 XKLKOKAMS —COPYRIGHT.] A Eew Loan. London, Deo. 13. The issue ot the loan of three millions for the New South Wales Government, bearing interest at four per cent, was announced to-day. The minimum price was fixed at par. Monetary and Commercial. The total reserve m the Bank of England in notes and bullion is ’ Lx 3,000,000, being an increase of ; Lsoo.ooo. Compared with the reserve of last week the proportion of reserve to liabilities has advanced from 42 to 44 per cent since last Thursday The : Bank rate of discount remains at 3 per cent, and the market rate at Consols have advanced to 100%. New Zealand securities are unchanged, at last quotations. Australian hides, are ■ dull of sale at easier rates. There are ; no other changes to report in the mar--1 kets for colonial produce. Mr Forster on Federation. London, Dec. 14. The Right Hon. W. E. Forster, M.P. for Bradford, addressed his con- [ stituents last evening. In the course [ of his speech, Mr Forster said he was J lejoiced to hear of the proposed federtion of the Australasian colonies, and trusted that Lord Derby would be able to accede to the request of the Austra-' lian Convention for the annexation of New Guinea and the Pacific Islands. The King of Anam Poisoned. Paris, Dec. 14. __ Intelligence is to hand from Tonquin , reporting that the King of Anam has been poisoned, and that his death has been caused by a conspiracy among the anti-French party in Anam. The War in Upper Egypt. Cairo, Dec. 13. The latest intelligence to hand from Soudan is to the effect that the immense body of Arabs which £1 Mahdi recently had under his command has greatly decreased, and a large numbet of his adherents is dispersing. Preparing for Hostilities. Hono Kong, Dec. 13. Information has been received from Canton that the fortifications surrounding that city have been put in complete readiness to withstand an attack if an outbreak of war should occur, and that strong bodies of troops are posted in the neighborhood of the city. The (China Squadron. Hong Kong, Deo. 14. Admiral G. O. Willes, C.B. is commanding the China squadron now at Canton. AUSTRALIAN. [BBOTBR’s TELEGRAMS —COPYRIGHT.] A Doubtful Appointment. ydney, Yesterday. A question has been raised here regarding the validity of the appointment of Mr G. H. Reed to a seat in the Executive Council, to which he was appointed in January last with the portfolio of Public Instruction. It is affirmed that Mr Reed’s seat in the Legislative Assembly is jeopardised by virtue of the Constitution Act, under which no provision is made for the appointment in question. The Markets. New Zealand wheat, 3s $d per bushel; New Zealand oats, zs fld; maize, 3s 3d. Sugar Co.’s No x pieces, L 34 per ton. Adelaide, Yesterday. The wheat market is firm. To-day’s quotations are—4s 4d, f.0.b., at outports, and 4s 6d at Adelaide; flour, town brands, Lxo to Lxo ss; country do, L 9 xos 10 L 9 15s. Freight to London, per steamers, 455; nominal do, sailing, 35s ; freights to the United Kingdom from Adelaide, sailing, 37s to 40s; do, from outports, 40s to 425. The freight market is firm. Charters are dull, with little doing.