WOOL MARKET STEADY.

Daily Telegraph (Napier), Issue 3719, 16 June 1883, Page 3

WOOL MARKET STEADY.

CONTESTED ELECTION FOR HOUSE

OF COMMONS

ANGLO-ITALIAN COMMERCIAL

TEEATY SIGNED

BRITISH GOVERNMENT TAKES

CONTROL OE BASUTOLAND

TRANSVAAL CONTENTION TO BE

REVISED

NO DECISION YET ARRIVED AT RE ANNEXING NEW GUINEA.

RESIGNATION OF THE BRITISH RESIDENT IN ZULULAND.

LONDON,

June 11

At the wool sale to-day 9200 bales were offered. The tone of the "market was steady, but the demand was not active. Twenty-four thousand bales have been withdrawn from sale since the opening. The fourth series of auctions have been fixed to open on November 20. June 15. Mr T. M. ITcalcy, M.P. for Wcxford, has resigned his scat in the House of Commons and announced his intention of contesting the vacancy fur the Monagahan constituency. It is expected that a severe struggle will ensue between the candidates. The negotiations which have been proceeding for some time past for an AngloItalian commercial treaty has been brought to a satisfactory conclusion, and the treaty was signed yesterday. A despatch has been published in which Earl Derby, the Secretary of State for the Colonies, announces that, owing to the withdrawal of the Cape colony from the administration of affairs in. Basutoland, the English Government has resumed control of that province, under certain conditions ■which will be imposed upon the native tribes. It now transpires that the English Envoy who is about to proceed to tho Transvaal will open negotiations with the Boor Government for a revision of the Tranvaal Convention, under which the country was retroceded to the Boers. In the House of Commons to-day the Hon. Evelyn Ashley, Under-secretary for the Colonies, in reply to a question, stated that despatches had now been received from the Queenland Government urging the annexation of New Guinea, but that the Government had not yet arrived at a final decision on the subject.