YESTERDAYS TELEGRAMS

Globe, Volume VIII, Issue 996, 4 September 1877, Page 2

YESTERDAYS TELEGRAMS

[per press agency.]

Bravery of Colonel Baker. The Russians Surrounded and Short of Supplies. Sydney, September 3. The "Herald's" special telegraphic message says Mehemet Ali reports that Colonel Baker greatly distinguished himself, but is reported missing. Two horses were shot dead under him. Lieutenant-General Roditzky, commanding the Russian forces at Shipka Pass, is in danger of being surrounded, and water and food are failing. Turkish reinforcements are arriving at Adrianople. The Russian Imperial Guards are arriving at Bucharest. Prince Charles is taking the command of the Russo -Roumanian corps, with General Sotoff as chief of the staff. The Wool. Wheat, and Money Markets London, September 1. Discount, 3 per cent. Reserve, twelve millions. The export trade is reviving. There has been a slight fall in colonial stocks. Consols, 951. The price of wool is maintained for good qualities ; inferior are lower. One hundred and six thousand bales were catalogued ; ten thousand were withdrawn. French buyers are operating cautiously. The demand has somewhat abated. The market is quieter in tone.

Wheat is firm. The weather is unfavorable for harvesting. Imports continue large. New Zealand, 53s to 56's; inferior New Zealand, 38s to 455.

[IIEUTER'S SIMiCIAL TELEOMAM3 TO THE PRESS AGENCY.]

Mehemet Ali's Victory Confirmed,

Three Russian Redoubts Stormed and Carried. Bombay, September 2, 3 p.m. Mehemet's victory ia fully confirmed. There is a great movement of the Turks towards Papkoi Kcdiski. A despatch from Isman of the 31st states that he made a reconnaissance of the Russian position east of Plevna. He attacked and routed the enemy, 30,000 strong. After severe fighting, he carried three redoubts by assault. Baker greatly distinguished himself on the 13th.

AUSTRALIAN. Melbourne, September 3. Arrived—Arawata. Sailed —Lusitania. INTERPROVINCIAL. [pee pkess agency.] Wanganui, September 3. Wreckage from the Queen Bee has been picked up on the beach near Wanganui Heads. A chest containing iweai'ing apparel marked " Hilliard" came ashore. A special meeting of the Harbor Board resolved that authority should|be asked to borrow l> 100,000 for harbor improvements. The estimated revenue in'five years is £lo,Go'\ Wellington, September 3. The Minister for Public Works has declined all the tenders for warehouse sites at Lyttelton, none of them being considered sufficiently eligible. Fresh tenders will be called for. Dunedin, September 3. John Walter Grierson, for embezzling money, the property of Messrs Mai-shall and Copeland, was to-day committed for trial. The half-yearly meeting of the Standard Insurance Company was held to-day. The

report and balance-sheet were adopted. A resolution was carried, the effect of which will be to abolish the principle hitherto existing of sharing the profits with policy-holders, GrKEYMOTJTH, September 3. The Brunner Coal Company have struck a magnificent seam of coal on the other side of the fault through which they have been driving for some time. The Wealth of Nations Company have declared a dividend for the month of 3s per scrip, and have struck a new reef in the lower tunnel showing good gold. Invercargill. September 3. Bailey and Woodrook, for stealing ornamental " trees, were each sentenced to six months' imprisonment. The Magistrate considered the case against them clearly proved with not the slightest excuse. Both men had been in constant employment here for over three years. [from the correspondents or the tress.] Timarti, September 3. The storm appears to be over. The vessels returned to ' n,n roadstead to-day. A meeting of Roman Catholics is to be held to-night to consider the Education Bill. Dunedin, September 3. Reports of good yields continue to come from Doctor's Point," Dunstan. £SOO worth of gold was got last week from the prospector's claim. The Standard Insurance meeting was very satisfactory, the report being adopted without discussion. The Chairman said—The dividend and bonus to shareholders the directors recommend to be carried to the credit of capital account, which would then stand at £37,500 (or 15s per share), while reserve fundwill amount to £9143 (or equal to 3s 8d per share nearly), making in all aboxit 18s 8d per share or nearly double the original capital, after having made ample provision for losses likely to arise on existing policies. This result, during a period almost unprecedented for storms and consequent marine disasters, is certainly very gratifying. As a matter of course the bonus to insurers will not be payable until such time as risks run safely off. It has all along been the policy of the directors to get the shares of the company to 15s paid up, by capitalising dividends, thus avoiding the trouble and expense of making and collecting calls. On the adoption of the report this object will then have been accomplished, and in future the directors will be in a position to recommend dividends to be paid in cash.