LATEST FROM EUROPE.

Ashburton Guardian, Volume V, Issue 1256, 17 May 1884, Page 2

LATEST FROM EUROPE.

Irbutbr’s tnuRAMs-^FiiftaftT.] Tho Oriental Bank. London, Map 15. In the Bankruptcy division of the Supreme Court of Judicature, an order was granted to-day,.for the compulsory winding up of the affairs of the Oriental Bank Corporation. The Malte. The homeward mails per the, Orienk steamship Chimborazo, from Sfferootfme April sth, were ?ia to-day; . -V-. Monetary and €tonnwicWL , ■The total reserve m the Bank of England in notes and: bullion is Li 5,100,000, being L 100,006 less than the reserve on last Thursday. _ The - proportion of reserve to liabilities remains at 48 per cent The bank rate of discount is per cent r The market rate has advanced to xf§. Consols have advanced to rot New Zealand securities remain at the-follow-ing quotations:—Five per cent' 10-40 Loan, 104; Five per cent 1880" Loan, ipiyit Four and a, half cent; f 879-1904 Loan, xpiU ’, Four per cent. Inscribed Stock, xoq%i The markets for colonial brpadstufls and tallow are unchanged. For Australian hides the demand is limited,-and prices are ssd to Ad per lb lower. The wool Sales. At to-day’s wool sale rr,sop bales were offered. The market continues firm. The total quantity offered since the opening of the series is 161,600 bales; 13,350 bales have been withdrawn.

The Anglo-Porfcuguese "rc ty. BebuK) Ware* 6. Pfince Bismark has formally notified the British , and Portuguese Ministers ..that the German Government cannot ' agree to ’recognise the treaty which, in ' February last, was concluded between *. England and Portugal regarding the Congo district, on the West African . coast, as applying to German subjects who may be residents in the territory referred to in the treaty. Reinforcements Refused. - Oaibo, May 15, In consequence of the hostile attitude of Arab tribes and increasing fears of an attack being made upon Dongola by Osman Digna, the Governor of that town has sent urgent appeals for rein- * The Government- have therefore'authorised him' to withdraw the garrison from Dongola and abandon the town if he considers it unable . to resist an attack, stating that It is impossible to Strengthen the garrison by reinforcements at the present time. A Wrecked Steamer. ■ Capbtowh, May 15. : The attempts which were made to float (he steamer Bulli proved unsuc- :- ccssful. The vessel, which went ashore at Paternoster Point on the. Bth inst., when on ■ a voyage from London to Sydney, has been driven on to the land by heavy seas, and is now expected to • become a total wreck. The New York Panic. Haw York,. May 15. : The panic oh the Stock Exchange continues, and the effects are rapidly being felt over an increasing area. The President of the Stock Exchange has become insolvent, and it is believed that his liabilities are heavy. (