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LAST NIGHT'S TELEGRAMS.

BY SUBMARINE CABLE.

[reutee's telegrams to the rsEsa AGENCY.]

London, August 31. Consols, 945. Bank rate, 5 ; market rate, 4s. The 5 per cent. New Zealand Loan is quoted at 100*. The wool sales coutinuo firm. Scoured, and best Sydney and Victorian fleece and greasy have advanced Oid to Id. Wheat and Hour are unchanged.

[special to the press agency.] London, Undated.

The Sussex match was won by tho Australians by seven wickets. Spofforth's bowling was very effective. The Sultan approved oi: the British proposals for reforms in Asia Minor. Thoy include the appointment of European and

Turkish officers at the head of each village, to supervise taxation and the administration of justice; the Gendarmerie, mainly officered by Europeans, is to be increased 5 the Powers to have Consuls; substantial pecuniary assistance to Turkey, to prevent her excusing herself on the plea of poverty. Mr Gladstone, in the " Nineteenth Century," strongly condomna the protection policy of the colonies. The Bank has a stronger reserve of nearly ten millions since settlements. Money is easier. Market rate 4J. The stock markets are dull. Consols, 945. The market for Colonial Government debentures is heavy and depressed. The tone of the wool market is firm and healthy. Sustained interest is shown by good musters. Trade prices compared with last series show a slight advance for scoured anil good greasy of aOH to Id. Cross-bred unchanged. The corn market is quiet. Foreign arrivals are very large. Heavy continuous rains damaged the crops in the North of England. The continental wheat harvest is genorally good, France excepted. Paris, September 2. The Victorian exhibits obtained ton gold thirty-two silver, and forty-one bronze medals. The honourable mentions were thirty-three, and several more are coming.

[SPECIAL TO GLOBE.] London, September 3. The market for Australian securities is disorganised, owing to the tightness of the market and expected new loans. The N.S.W. loan is postponed. It is believed the Victorian five million loan will prove a failure. New Zealand five per cents, consolidated are quoted at 101; the four and a half per cents, at 94. The match with Sussex was drawn, greatly ia favour of the Australians. The Eurydice was towed into Portsmouth. The verdict of the court martial was that no one was blameable.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GLOBE18780906.2.9.2

Bibliographic details

Globe, Volume XX, Issue 1423, 6 September 1878, Page 2

Word Count
379

LAST NIGHT'S TELEGRAMS. Globe, Volume XX, Issue 1423, 6 September 1878, Page 2

LAST NIGHT'S TELEGRAMS. Globe, Volume XX, Issue 1423, 6 September 1878, Page 2

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