CABLE NEWS

Ashburton Guardian, Volume V, Issue 1308, 19 July 1884, Page 3

CABLE NEWS

LATEST FROM EUROPE. [reuter’s telegrams—copyright.] Monetary and Commercial. London, July 17. Consols remain at and New Zealand securities at the following quotations; —Five per cent. 10-40 Loan, 104; Five per cent. 1889 Loan, 103; Four and a half per cent. 1879-1904 Loan, 103 ; Four per cent. Inscribed Stock The total reserve in notes and bullion in the Bank of England has advanced to Li 4,300,000, being an increase of Lioo,ooo during the week. The proportion of reserve to liabilities has advanced to 44 per cent. The Bank rate of discount remains at 2 per cent., and the market rate at The markets for colonial breadstuff's and tallow are unchanged. - Scotch pig iron, No. r, f.0.b., in Clyde remains at 45s per ton. Galvanised iron, gospel oak corrugated, packed in cases, f.0.b., in London, has fallen to LiS per ton, The National Bank. The National Bank of New Zealand has declared a dividend for the past half-year at the rate of 6 per cent per annum, and carries forward and places to the reserve Lx,ooo. The Franchise Question. -In the House of Lords last night Lord Wemyss’s motion for obviating the deadlock between the Government and the House of Lords on the franchise question came up for discussion. The motion, * which proposed in effect that the Franchise Bill should be passed at oqce by the Upper House, and that Government shbuld introduce a Bill for' the redistribution of seats during the autumn session, was negatived on a division by a majority of fifty votes. Mucjjt excitement prevails in political circles at the refusal of the Lords to accept the proposed potpprotpise. b<Jth Liberals apd Conservatives’are engaged in organising popular demonstrations throughout the qouotry.'

Notwithstanding the recent denial ip 1 Paris of the statement that the Chinese 1 Government refused to pay the ipdemnity demanded by Prance on account le ' Langspp affair, it is definitely sown that the report xyas substantially Qtycctj aad that the Chinese Qovcm-

• ment have up to the present time shown ' no intentions of accepting the terms 1 dictated by France, and have hitherto declined to pay the indemnity as demanded by M, Patrenotre. The Achesn Difficulty. -The British and Dutch Governments agreed to take joint action, with a view of obtaining the speedy release of the crew of the steamship Nisero, who were shipwrecked and made prisoners by the insurgent Rajah of Acheen. Troops for Egypt. Another battalion ot infantry has been ordered to proceed to Egypt, and its departure is expected to take place immediately. [Received July 19, 11.30 a.mj The Chinese Indemnity. London, July 18. The latest telegrams to hand state that there is but little prospect of a settlement being arrived at between France over the Langson embroglio. The French fleet under Admiral Courbet is now menacing Foo Chow, and will, it is expected, seize that town, unless the French demands are met. A Denial. In the House of Commons to-day, Lord Edmund Fitzmaurice took occasion to deny the truth of a statement recently current that England is about to annex Berbera, a maritime station in Soumalia, the country opposite Aden. AUST R A L> A in. (rbuter’s telegrams—copyright.) The Victorian Waterloo Cup. Melbourne, Yesterday. The final course for the Waterloo Cup was run to-day, and resulted in a victory for Melfort. Monsoon took the second place. The Markets. Sydney, Yesterday. New Zealand wheat, per bushel, 3s 6d; New Zealand oats, as 6d; maize, 4s ad. Sugar Company’s No. 1 pieces, per ton, L 33. Adelaide, Yesterday. Wheat is quoted to-day at 3s qd; the market is depressed. Flour, town brands, L 9 as fid to L 9 ss; country do L 8 5s to L 8 7s fid, (Received July 19, 1.30 p.m.) The Governor in Victoria. Melbourne, To-day. Sir William Jervois is now busily engaged in connection with the local : defences. Acquitted. The trial of Biddle, the Werribee station master, on a charge of manslaughter in connection with the Little River railway disaster in April last, has resulted in a verdict of acquittal.A Syndicate. Sydney, To-day. It has transpired that the Duke of . Manchester, who is now here, is negotiating on behalf of a syndicate to j purchase the lease of the Lucknow gold ] mine. ] ——————— 1