LATEST FROM EUROPE

Ashburton Guardian, Volume V, Issue 1257, 19 May 1884, Page 3

LATEST FROM EUROPE

f RKDTBB’s TKLKO RiMS COPYHIft HT. 1 Monetary and Commercial Loudon, May 16. Consols remain at New Zealand securities—Five per cent. 10-40 Loan, 104; Five per cent. 18S9 Loan, ex div; Four and a half per cent., 1879-1904 Loan, 102#; Four per cent. Inscribed Stock, xootf, ex div. Colonial breadstuff's, ex store —Adelaide wheat, 41s 6d; Adelaide flour, 28s; New Zealand wheat, 35s to 40s. Tbe total.quantity of wheat afloat for the United Kingdom is 000 quarters. Tallow—Average Australian beef, 365; mutton, 395, Wool—At to-day’s auction 10,400 bales were catalogued. The selection was a poor one. Copra-—Best Sydney sun-dried is quoted at LlB ss, being a decline of 10s per ton. Leather—Best sides of Australian, Mutton—Prime New Zealand is realising stfd. A New Line of Steamers. Berlin, May 16. The Bundesrath has voted the aifnual subsidy of 4,000,000 marks for a line of German mail steamers to Australia and the East. Russia and Afghanistan. St. Petbhsburo, May 16. Intelligence is to h?nd irom Herat, Afghanistan, that Turcomans resident there have formally rendered their submission to Russia. j Affairs in Zulu. Capetown, May 16. The latest news from Zululand announces that an engagement has taken place near the border of the reserves between the Usutus and the friendly tribes, in which the latter were defeated, and Mr Osborne, Resident Commissioner, has consequently been compelled to retreat. [Received May 19, 11.15 a.m.] A Correction. London, May 17. It now transpires that it is the Turcoman tribes on the Afghan frontier who have tendered their submission to Russia, and not the tribes at Herat, as stated in yesterday’s telegrams from St Petersburg. The Panic Subsided. New York, May 17. The panic on the Stock Exchange has now subsided, the Banks having combined to act together for their mutual assistance. Enormous purchases of American stocks have been made during the past few days on European account. A Subsidy Wanted. Berlin, May 17. The North German Lloyd Royal Mail Steamship Company have proposed to the Government to undertake a subsidised mail service to Australia and the East. Latest Commercial. London, May 17, Consols have declined to 101 and the market rate of discount has risen to and is now $4 below the Bank rate. There are no changes in New Zealand securities, colonial breadstuff's or tallow. The Weel Sales. A good demand prevailed at to-day’s wool sale. The catalogue comprised 1 a, 500 bales.