LATEST FROM EUROPE.

Ashburton Guardian, Volume V, Issue 1494, 21 March 1885, Page 3

LATEST FROM EUROPE.

[BBCTBR's TBLEGBAM8 —COPYRIGHT. | Monetary and Commercial. London, March 19. Consols remain at The market rate of discount is per cent., J£ below the Bank rate. The total reserve in notes and bullion in the Bank of England is 1.18,300,000, being an advance of Laoo.ooo during the week. The proportion of reserves to liabilities is 49 per cent. New Zealand securities: —Five per cept. 10-40 loan has advanced by 20s to iosJ4; Four and a half per cent. 1879-1904 loan has adrancedbyss to the Four per cent, inscribed stock by 20 to 99. Tallow is without quotable change. Wool Sales. Wool—At to-day's auction 9,900 bales were catalogued. The sale was quiet and prices generally good, except for crossbreds, which ruled a halfpenny lower than at the close of last auctions. The quantity withdrawn from sale since the opening series is 3,500 bales. The third series of auctions will commence on June the 4th. The quantity to be available is estimated at 350,000 bales. A Crown Colony. London, March 20. The Daily News states it is probable that the northern portion of Queensland will be formed into a Crown colony. Royal Visitors. Berlin, March 19. Their Royal Highnesses the Prince of Wales, the Duke of Edinburgh, and the Princes Albert and Victor arrived today from London. (Received March 21, 11.45 a.m.) Entrenchments. Sua Kin, March 20. A considerable force of British troops started from here at daylight to-day forHessen, wheie immediate work will proceed in construction of entrenchments. B (Received March 21, 2.20 p.m.) Rebels Defeated. Suakim, March 20 Later intelligence has come in that the British force which left here at daylight for Hassheen came up with the rebels under Osman Digna, and a severe engagement ensued. Fighting lasted fully five hours, and resulted in the complete defeat of the rebels, who were driven trom all their positions with heavy loss of killed and wounded.