THE VICTORIAN LOAN FAILURE.

Daily Telegraph (Napier), Issue 3588, 11 January 1883, Page 3

THE VICTORIAN LOAN FAILURE.

SIR W. JERVOIS ON HIS WAY TO NEW ZEALAND. THE MELBOURNE WOOL SALES. MELBOURNE BAKERS THREATEN TO STRIKE. TOLTCY OF THE NEW SOUTH WALES GOVEENMENT. INDISPOSITION OF LADY JERVOIS. MELBOURNE. January 10. The failure of the loan in the London market is a complete surprise, and the subject is a topic of general interest at the present moment. Sir William Jervois. who arrived from Adelaide by the steamship Clyde last night, will proceed by her to Sydney, and thence to Wellington by the Wakatipu. At their wool sale to-day Messrs Goldsborough and Co. (limited) offered 3300 bales, and "2375 were sold at satisfactory prices. Superior greasy realised up to 13id, and good scoured to 22d. The Melbourne bakers threaten to strike for an increase of wages. This day. The failure of the Victorian loan in London is attributed to the high minimum, which is believed to have deterred wholesale application. It i.s stated that the Colonial Treasurer is hopeful that the balance of the loan will be subscribed by Mondayuext. The local press condemn the delay which occurred in issuing the loan, thus" losing a favorable opportunity in the London market. Lady Jervois is at present indisposed, and will remain on board the steamship Clyde instead of proceeding overland to Sydney.