TELEGRAPHIC NEWS.

Globe, Volume IV, Issue 326, 29 June 1875, Page 2

TELEGRAPHIC NEWS.

(Press Telegraph Agency.')

LATEST FROM EUROPE AND .A.XJ stralia. [Per Albion.] London, June 17. Robert Benson and Co, King’s Arms Yard, and Rainbow, Hollerton, and Co, St Helen’s place, Bishopsgate street, have suspended payment. Money is tighter. London, June 18. Borthwick and Co, bill brokers; John Strachan and Co, Bishopsgate street; J. C. Fawlie, Leadenhall street; John Anderson and Co, Phil pot lane ; and J. P. Westhead and Co, Manchester, have suspended payment. Other minor failures are reported. London, June 19. The wool sales, after a course of remarkable steadiness, closed slightly weaker; 271,272 bales were catalogued, 130,000 of which were taken for export. Au advance was established on the March rates as follows:—Superior fleece, l£d to 2d; ordinary, Id; scoured, Id to I J-d; greasy, £ to Id; halfbred greasy, Id to l£d; coarse wools attracted special demand, and lambs commanded extreme rates. The Bank reserve is strong. Money is in less demand, but firm. The stock market is recovering. During the debate in the House of Commons on English influence at Constantinople several members spoke gloomily of the condition of Turkey. Paris, June 19. The Assembly has voted the University Education Bill, which substantially confers upon religious faculties the power to confer degrees, hitherto the monopoly of the State. AUSTRALIAN NEWS. " Melbourne, June 25. The election for the Western province to the Upper House, yesterday, occasioned more than the usual interest shown in the council elections. The candidates were Mr Samuel Wilson, the wealthy squatter, and the donor of £30,000 to the University, and Mr Anderson, a local man of some means. The squatter prevailed and secured his election by a large majority in a strong squatting district. Early yesterday morning a fire occured in the premises of Thomas Luke and Co, King street, tea merchants, which were totally destroyed with the stock. The adjoining premises of Messrs Francis and M'Pherson were much damaged by water. Messrs Luke were insured for £13,000 in the following offices :—Australian Alliance, London and Lancashire, National, and Northern Victoria. On Monday night whilst two men named Smith and Millist were generating hydrogen gas for a lime light at the rear of the Theatre Royal, an explosion took place. Smith was killed on the spot, and Millist was badly injured. Both men were blown through an iron roof, a distance of twelve feet. Judge Molesworth having practically declared against the illegality of the Government selling the frontages to the reserves, the matter has been brought before Parliament and has created a strong feeling. The Argus proprietors have proceeded against a country journal for copying Reuter’s telegrams without permission, The case has been fully argued, and judgment is reserved. The decision will finally decide the vexed question. Parliamentary proceedings have been deficient in general interest, and until the financial statement early next month, no matters of very great importance will be discussed. Barrett, for the murder of his wife at Carlton, has been sentenced to death, but as he has received a strong recommendation to mercy, it is unlikely that the extreme sentence will be carried out. The cofferdam at the new wharves, south bank of the Yarra, gave way with a fresh in the river. About a hundred and ten men are out of employment. Miss Bolton has resigned her mathematical position in the Ladies’ College to take a lucrative appointment in Christchurch, Now Zealand. Professor Barton, of Trinity College, Cambridge, takes the mathematical department. MrMcEwan's, the wholesale grocer, liabilities are £86,900, of which £58,000 are owing to the Colonial Bank, who are unsecured. At a meeting of creditors the manager of the bank declined to give any information, and the creditors resolved that the estate should bo sequestrated, as they did not believe that was the actual unsecured debt. The second reading of the Land Bill was carried last night by a large majority. The Irish residents have resolved to celebra e the O’Connell centenary on the sth of August, by a banquet and procession. Madame Ristori is expected here about the third week in August. The markets are very dull. Sugars have improved. Oats are in fair request. Sydney. The Government has arranged with the A .S.N. Co, for the continuation of the San Francisco temporary service for four months,

The Land Bill has been read a second time in the Council.

The Post and Telegraph office at Sofala have been burned down. Melbourne has been scratched for the Metropolitan in Sydney. Adelaide. The Government propose to spend £60,000 on education, exclusive of the amount re quired for buildings.