CABLE NEWS.

Ashburton Guardian, Volume V, Issue 1298, 5 July 1884, Page 3

CABLE NEWS.

LATEST FROM EUROPE. [BRUTBB’R TKIMB AMS—OOPYBIOHT. ] Monetary and Commercial. London, July 2 ' Consols have declined to The market rate of discount has fallen to and is now $4 below the Bank rate. New Zealand securities—Five per cent. 10-40 Loan, 104^ ; Five per cent. 1889 Loan, a half per cent. 1879-1904 Loan, 101 Four per cent. Inscribed Stock, 100%. Colonial breadstuff's —Quotations, ex store, are unchanged, viz: Adelaide wheat, 40s ; ’New Zealand, 34s to 40s ; Adelaide flour, 38s. Tallow—Australian, average quality, beef remains at 35s 6d; ditto mutton, 375; stock in London to-day 18,800 casks. London, July 3. Consols remain at The Bank rate of interest remains at 2 per cent. The Bank reserve is now Li 4,400,000, showing a decrease of Li,500,000 during the week. The proportion of reserve to liabilities has declined to 43 per cent There are no changes to report in New Zealand securities or colonial breadstuff's and tallow. The Merchant Shipping Bill. In the House of Commons to-day, Mr Chamberlain, President of the Board ot Trade, announced that he would not in the present session proceed further with the Merchant Shipping Bill. The Mails., The homeward mails via San Francisco, dated Auckland, May 27 th, were delivered to-day. France and China. Paws, July 2. | M. Ferry has informed his colleagues that the Chinese Government had not disavowed the action of its officers in opposing the. occupation of Langson by the French troops, but, on the contrary, has admitted that it ordered the retenlion of the town, contending that its , evacuationjdepended upon the ratification of the treaty concluded at Tient- ( sin by Li Hung Chang and Captain ; Formier, the French Commissioner. ] AUSTRALIAN. I (eedtke’s telegrams—copyright. ) j Stonewalling. Melbourne, Yesterday. The debate on the resolutions in the Sydney Convention was resumed in the Assembly last evening. The discussion continued till midnight, 1 when Mr Bowen moved the adjournment. The'Govemment absolutely re- • fused to agree to this, and the House f divided with the result that the motion was negatived by 51 to 11. Messrs Gaunson, Graves, and others then pur- t sued “stonewall” tactics, and the * 'House continued sitting till five this „ morning, when the Opposition col- f lapsed anil the resolutions were put t and carried. The Smallpox. . - There is an increasing belief that the disease now prevailing here is small pox, though the medical men are still unable to decide definitely on the ( point. ( A New Zealand Sweep. Mr Berry, as Postmaster General, t has ordered the detention of letters J addressed to an advertiser ot a sweep j on.the Melbourne Cup, whose advertisement is published as from Dunedin, g A Wreck. , Sydney, Yesterday. A heavy gale has been experienced along the coast. The American ship Susan Gilmore, 1204 tons, has been driven ashore at Newcastle, and is expected to become a total wreck. All the crew were saved. The Markets. Adelaide, Yesterday. The wheat market is very depressed. Quotations have declined to 3s nd to 4s, and 3s lod for farmers’ lots. Town flour remains at L 9 5s to L 9 10s, and country brands L 8 5s to L 8 10s per tom The freight market is very dull, quotations nominal —steamers Lx ss, sailing Li 10s.