CABLE TELEGRAMS TO MARCH 11

Grey River Argus, Volume XII, Issue 1446, 20 March 1873, Page 2

CABLE TELEGRAMS TO MARCH 11

ARRIVAL OF THE ALBION WITH THE SUEZ MAIL.

[NEW ZEALAND PRESS ASSOCIATION.]

■ Bluff, March 19. The Albion has arrived. She left Melbourne on the 13th, and brings the Suez mail. She ' sails' for Dunedin to-night. Mr Reynolds is on board. London, March 5. Wool has declined one penny and twopence since the opening sales. Heltnuth Schwartz reports that 75,000 bales have been sold, and 5000' withdrawn. Superior Victorian fleece and grease twopence lower than at the December sales. Good Australian fleece, 3d ; superior, 3d to 4d ; and inferior greasy 3d lower. The fall on greasy wool is nearly 25 per cent aa compared with the sales of February^ 1872. March 7. Jacorabe reports of the wool sales thai; the market has been drooping from the opening; and all descriptions of greasy are 2d to 3d lower, ; compared with the' pricea of February) 72. 7300 bales were withdrawn. Buyers are apathetic, and foreign competition is slender. ■ . ; , ■ March 8. Wool is in improved competition \ better for fleece and greasy. Combing slightly dearer. March 5. Gredalla and Co., the Colonial brokers^ have failed* The Bank of Australasia has declared a dividend of 10 per cent. In the House of Commons, the Government, on a motion by Samuel Pleinsall, member for Derby, agreed to appoint a royal commission to inquire into the con-, dition of the mercantile marine, with a view of remedying certain evils complained of. Pleinsall's book on the condition of merchant seamen has produced an angry feeliug amongst shipowners. The Hawaiian Government, under the reciprocity treaty^- has ceded' to America a ' naval station near Honolulu. , March 7. An Australian Pearl Fishing Company has been formed, with a capital of L 42,000. ' ; On the Irish University^ Bill a debate took place in the House of Commons. The] majority of the speakers, including Liberal members, condemned the measure, and the Press is generally adverse to the Bill. ; .... ; t ".. './' ._. .' _ " ."March- & Earl Kimberley, in reply to a question by Earl Lauderdal%«m t^ Houaeof Lords, said that 12,000 Ashantees had invaded British territory, but the cause of the invasion was unknown. In the House of Commons Lord E. Cecil moved a resolution that the Colonies contribute according to population and wealth towards the defence 1 of the Empire. This was opposed by Mr Fowler, Mr Knatchbull-Hugessen, Under Secretary for the Colonies; and Mr Gladstone, upon which the motion was withdrawn. Government annuities have been granted to; the sisters of Lieutenant Wa^>horn, pioneer of the Suez route. Forged bills have' been negotiated by the Bank of England, Rothschild, Baring's, London and Westminster, 1 and Uniou Banks of London, and German and Belgium Banking firms. Warren is not yet arrested, but three accomplices are in custody. Exports for February L 23,000,000. Money is.hardening, New Zealand consolidated fives, LIO4 fallow quiets Sperm is unaltered. Wheat is easier, in consequence of the large arrivals. The Edwin Fox has re-sailed. Paris, March 5> The Germans retain possession of Betfort' until 1 the whole of the indemnity money is paid* . „._ March 7. The Assembly has voted two clauses of the Constitutional Bill, 1 and referred ;ii to the Committee of Thirty for amendment, exempting constitutional bills from the Presidential veto. March & The Assembly, with the concurrence of the Government, voted an amendment exen>pting Constitutional Bills from the Presidential veto. .■..•-,..., . . Madrid, March 5. The Carlists are over-running Northern Spain/ and a partial defection has taken place among the troops. .. March 6.. The majority of the Assembly at Madrid opposed the bill suspending its sittings and convocating a Constituent Cortes, which will probably' result in a Cabinet crisis. The Opposition has exasperated Republicans. WASHiyoiONJ March 5; - President Grant has delivered his inau* gural message. He expresses his belief that the whole of the civilised world Is fast tending towards republicanism, and that Governments are* not necessarily Weakened ]by territorial extension. Bte further adds that he believes God is pre paring the world to become one great nation. It would, 1 the President says, be his endeavor to civilise the Indian tribes^ but if unsuccessful he would exterminate them. London, March 9:' In the Assembly, at Versa^es, hostility has been shown towards the terms of the Anglo-Frefach treaty, Tho Asierably at Madrid voted, by 286

against 19, a bill of the Government ordering elections, and convoking a constituent vObrtes. A Federal republic has been proclaimed at Barcelona, but the excitement has since been subsiding. „. ,^ -^ i March 10. The Californian niaU' service is discontinued. __. ■ ■■■-■■• HMtociilO. In the House of Commons, Mr Gladstone said the Government would ask Parliament to vote a sum of money in order to present. pieceß of plate of the value of LI2OO each to the Swiss, Italian, and Brazilian Arbitrators, for their services on the late proceedings at Geneva. The debate on the second reading of the Irish University. Bill is being proceeded with. Mr Vernon Harcpurt, Sir Domitiick Corngan, and' Mr Atiall supported the Bill generally, but objected to its details. Messrs Ball, Connolly, Blennerhassett, Berwick, Tiscount Newport, and Bernard Osbortiß^opposed the Bill, and Mr Cardwell spoke in its defence: The debate 1 was a^joutned. The defeat of the Government on this qdestion is expected. . . .The,(S^iSißr:wc4; l^tinmfei . are, inlroduwd, and amount to:MB|M9;69^,' being an increase of : L^,446]251 oii pifevious years. . ... .■■.-': M. Thiers is unwelL