ENGLISH AND FOREIGN.

Globe, Volume XX, Issue 1548, 4 February 1879, Page 3

ENGLISH AND FOREIGN.

[special to press agency.] London, February 1. Money is rather firm. The Bank reserve is stronger, amounting now to nearly thirteen millions. The stock markets are firm. Consols 06.',. Australian securities have experienced a strong revival. The corn market is unchanged. A quantity of inferior New Zealand wheat is in th e market. Wool is quiet. Current rates are firm. There has been a recovery of demand for fine wool. [bbutbr's tble&bams to press agency.] London, February 1. The sentences on the Glasgow Bank directors were—Potter and Stronach, eighteen months; Taylor, Inglis, Wright, Salmon, and Stewart, eight months' imprisonment. Counsel urged that they were not guilty of uttering a false balance-sheet, and that they had no motive for falsifying it. Cetywayo has failed to tender his submission, and war has been declared against him. The New Zealand Loan is 1 per cent, higher. All Colonial securities are buoyant. Conaols are at 97. The market rate of discount is 2|. The Bank reserve is twelve and seven-eighth millions. Business is less depressed. Arrived—Cuzco. [special to the globe.] Portugal intends to send an expedition to New Guinea to chastise invading savages. Potter and Stronach were sentenced to eighteen months', and the remainder to eight months' imprisonment. The Zulu war has begun.