EUROPEAN CABLEGRAMS.

Evening Star, Issue 3145, 19 March 1873, Page 2

EUROPEAN CABLEGRAMS.

London, March 5

Colonial Wool has declined a penny to twopence since the opening sales. Mr Helmuth Schwartze reports that seventyfive thousand bales have been sold, and five thousand withdrawn. Superior Victorian fleece and grease, twopence lower than the December sales ; good Australian fleece, threepence; superior, threepence to fourpence ; and inferior grease, threepence lower. The fall on greasy wool is nearly twenty-five per cent., as compared with sales in February, 1872.

Gredalla and Co., colonial brokers, have failed. The Bank of Australasia has declared a dividend of ten per cent. In the House of Commons the Government, on the motion of Mr Samuel PJimsall, member for Derby, agreed to appoint a Royal Commission to inquire into the condition of the Mercantile Marine, with a view to remedying certain evils complained of. Mr Plitn.sall’s book, on the condition of the Merchant Seamen, has produced an angry feeling among shipowners. The Hawaian Government, under the reciprocity treaty, has ceded to America the Naval station, near Honolulu. March 7. Mr Jacomb reports of the wool sales that the market has been drooping from opening, and all descriptions are lower ; greasy, twopence to threepence compared with prices, in Februai y, 1872. Seven thousand three hundred bales have been withdrawn. Buyers are apathetic and foreign competition slender. March 8. Wool is improved, and the competition better for fleece and greasy combing sorts, which are slightly dearer. An Australian pearl fishing company has been formed, with a capital of L 42,000. In the debate in the House of Commons on the Irish University Bill, the majority of the speakers, including many Liberal members, condemned the measure, aud the Press generally is adverse to the Bill. Lord Kimberley, in replying to a question by Earl Londesdale, said twelve thousand Ashantces had invaded British territory; but the cause of the invasion was unknown. In the House of Commons Lord E. Cecil moved a resolution that the Colonies contribute according to their population and wealth towards the defence of the Empire. This was opposed by Mr Foster, Mr Knatchbull flughesson (Under-Secrotary for the Colonies), and Mr Gladstone; upon which, the motion was withdrawn.

Government annuities have been granted to the sisters of Lieutenant Waghorn, the pioneer of the Suez route. The forged Bills have been negotiated by the Bank of England, the Rothschilds, the Barings, the London and Westminster Bank, the Union Bank, and the London, German, and Belgium banking firms. Warren, the principal, has not yet been arrested, but threj? accomplices arc in custody. Commercial. —The exports for February arc twenty-three and a third millions ; the twenty-seven and five-eights millions. Money is hardening. New Zealand Consolidated Fives, 104. Tallow, quiet; sperm, unaltered ; wheat, easier in consequence of large arrivals. The Edwin Fox has re-sailed for Canterbury. , Paris, March sth. Theirs’s speech in the A ssembly confirms the statements of M, Dufaure, maintaining the Bordeaux pact. The preamble of the Bill submitted by the Committee of Thirty has been voted. The Germans retain possession of Belfort until the whole of the indemnity money has been paid. March 7. The Assembly voted two clauses of the Constitutional Bill, and referred it to the

Committee of Thirty for amendment, in that it shall exempt constitutional Bills from the Presidential veto. March 9. In the Assembly, at Versailles, hostility has been shown towards the terms of the Anglo-French Treaty. Madeid, March 5. The Carlists are overruning Northern Spain, and partial defection has taken place among the troops. March 6. The majority of the Assembly at Madrid oppose the Government Bill suspending its sittings, and convoking the constituent Cortes, which will probably result in a Cabinet crisis. This opposition exasperates the Republicans. March 9. The Assembly has voted by 186 against 19, the Bill of the Government ordering a general election and the convoking of the constituent Cortes, A Federal Republic has been proclaimed at Barcelona, and the excitement has since been subsiding. Washington, March 5

President Grant delivered his inaugural message to-day. He expresses a belief that the whole civilised world is fast tending towards republicanism, and that Governments are not necessarily weakened by territorial extension. He further adds that he believes God is preparing the world to become one great nation. It would, the President says, be his endeavor to civilise the Indian tribes, but, f unsuccessful, he would exterminate them. LATEST. London, March 10. Shipping. —Arrived, March 5 : Countess of Kintoae, from Auckland ; J. N. Fleming, from Port Chalmers. The Californian mail service has been discontinued. Arrived.—J. N. Fleming, from Port Chalmers, March 10. In the House of Commons, to-day, the Hon, Mr Gladstone said the Government would ask Parliament to vote a sum of money, in order to present pieces of plate of the value of L 1,200 to the Swiss, Italian, and Brazilian Arbitrators, for the services of the Commission at late proceedings at Geneva. The debate on the second reading of the Irish University Bill is being proceeded with. Mr Vernon Harcourt, Sir Dominick Corrigan, and Mr Miall, supported the Bill generally, but objected to its details. Messrs. ■Smith, Ball, Connolly, Blennerhassett, Bentwick, Bernal, Osborne, and Viscount Newport, opposed it. Mr Cardwell spoke in its defence, and the debate was adjourned. The defeat of the Government on this question is expected. The Civil Service Estimates have been introduced. They amount to L 15,419,698, being an increase of L 4 4,625 on the previous year’s. The Ashantees contest the transfer of Elwed. Thiers is unwell.

March 11

Mr Trollope’s new work, “ Lady Anna,” has been purchased for publication in Australia.

The February exports are :—Victoria, L 505.000; Sydney, L290,00j j Adelaide, L 131,200.