LAST NIGHT'S TELEGRAMS

Globe, Volume IX, Issue 1302, 22 May 1878, Page 2

LAST NIGHT'S TELEGRAMS

[BY SUBMARINE CABLE.] [beuter'S special tblegeams to the peess agency.] London, May 18. The money market is steady. Consols firm, 96£. There is great speculation and activity on the Stock Exchange. The market for Australian securities is remarkably firm. The wool sales exhibited considerable weakness as they progressed. The languor led to considerable withdrawals. The prices average a decline of a penny. The fall is most strongly marked in respect to washed and greasy crossbreds. The corn market is weak, with downward tendency. The prospects of the wheat harvest at home are favorable. Sailed —Aconcagua, Orient steamer. May 19. The "Daily News" states that General Todleben sent to the Porte his ultimatum, demanding that they evacuate Shumla, Varna, Batoum, and the Russian occupation of Bujukder* A serious riot has occurred at Preston. Constantinople, May. 18. Notwithstanding the pacific tone of St. Petersburg news, the Russians continue massing troops nearer Constantinople and the Bosphorous. The Russians are advancing nearer Gallipoli. The Ru an head-quarters remain at San Stefano. St. Peteesbueg, May 19. Count Schouvaloff has started for London. Semi-official journals state that the movement of Russian troops is for reasons of health. The occupation of Constantinople is not intended. [SPECIAL TO THE PEESS AGENCY.] The following telegrams appeared in last night's second edition;— London, May 18. A San Francisco telegram states the Russian Government have purchased the steamer City of Sydney from the Pacific Company, which sailed for Sydney last Monday, also the steamer State of California, launched yesterday, and that they are in treaty for two other steamers. Telegrams from the Continent are more hopeful. It is reported that Count Schouvaloff is convinced that it is Russia's interest to yield in the matter of the Congress, which it is now expected will meet, in spite of the troubles which have arisen at Stamboul. A mill has been burnt at Hastingden by rioters. Otherwise affairs are more quiet. San Fhancisco, May 17. Russian agents have bought the swift steamer State of California.

St. Petebsbtjeg, May 17. It is believed that Count Schouvaloff has convinced the Emperor that it is to Russia's interest to yield to the English demands re the European Congress, the meeting of which now appears assured. AUSTRALIA. [special to the "globe."] Sydney, May 21. The House is prorogued until July 2nd. The revenue exceeds the estimate. The Radical Land Bill is entirely in favor of selection. INTERPBO VINCI A 1». [PKB PBBSS AGENCY.] Auckland, May 21. G. S. Graham, Provincial Grand Master, English Constitution, was entertained at a banquet by the brethren, before leaving for Wellington to take the management of the Colonial Insurance Company. Gtsbobne, May 21. The Patutahi block, of twenty thousand acres, was sold to-day, cut up into town, suburban, and country sections. There was a large attendance and competition was brisk. Quarter-acre sections put up at an upset price of £ls realised £2O and up to £3O. The portion laid off for a township, about forty-five acres, realised over £4OOO. First-class rural lands averaged £9 per acre. The Tapotaho portion of the block realised £7 per acre. A small part of second and third-class rural land was sold at the upset price. In all other cases nearly double the upset price was obtained. Wellington, May 21. The Government have received the following cablegram from the Agent-General:— '"'*. " London, May 11th —Bills accepted. Advances obtained to meet bills falling due. The prospects of peace are improving. Hope soon to negotiate loan. Larnach arrived. — Vooel." Gbeymottth, May 21. Mr Heber Newton has announced that, having been nominated for the Grey Valley district during his absence, and without his consent, and there not being time to canvass the district, he does not intend to contest the election. Dunedin, May 21. The plaintiff's solicitor in the action, Haughton v Reed and Another, authorises the contradiction of the report that the said action will not come into Court. He says it will be tried at next sitting of the Supreme Court at Dunedin. A house, the property of J. W. Jago, was destroyed by fire this afternoon. It was insured in the Victoria ofllce for £450, and the furniture in the same office for £l5O. Mr Macandrew, under date 16th May, writes to the Dunedin Chamber of Commerce assuring it of his desire to see the Northern Trunk Railway completed, and adds that the Government needs no spur to induce it to do its duty in the matter. A discussion has arisen between the Education Board and Dunedin school committee. The latter passed a resolution to-day maintaining that it only has the right to reeom: mend teachers for appointment in tho city schools. TiMAßtr, May 21. The football team leave for Christchurch to-morrow. They will be: Hamersley (captain), Craig, A. Cox, Rutherford, S. Barker, Verity, Grant, Knubley, Chamberlain, Giles, Chapman, Macpherson, Tavender, Goodman, B. Moorhouse. Emergency men— Abrams and T. Raino. [I'BOM THE CQEHESPONDEXT OF THE PB£S#.] Tijiabtj, May 21. Informations have been laid against a schoolmaster in Geraldine district for indecent assaults on two pupils. The ccses will be heard to-morrow. The long pending case between the Borough Council and Government landing service, in which the former claim rates, and the latter object on the ground of the service being below the original highwater mark, was concluded in the Resident Magistrate's Court to-day, judgment being given for the borough. In a previous case of a similar nature, Judge Ward in the District Court gave an opposite decision, and the service has now appealed to the higher Court. All the services are on tho Harbor Board's foreshore property, and are rated by that body. The Magistrate's decision is therefore considered an extra ordinal y one. A man named James Campbell was killed near Cave station yesterday by a cart going over him. The next Supreme Court sittings will open on June 12th.