CONDENSED CABLEGRAMS.

Manawatu Herald, Volume III, 3 March 1891, Page 2

CONDENSED CABLEGRAMS.

London. Lord Carrington is making arrangments for the introduction of Australian woods into the chairmaking industry in Buckinghamshire. It is reported that a company is heing formed in New York to lay the Pacific cable without a subsidy, on condition that it is granted a charter on the terms of the one which expired in 1879. The Royal Soverign, a new battle ship -of 14,000 tonsj and the Arthur have been launched by the Queen at Portsmpuijh,, r , . , ... ; , Mrs.3^ajDTicjj s friends are brope,ful afpffeebing her release. : Tlx^re is serious depression in the cottoial industry at Blackburn, Lancaster, and considerable distress among the working class has been occasioned. It'^e Estimated that fully 3000 factoj^ Workers are out of employmentjjmd 10,000 looms are standing idle. The miners who went out on strike as an expression of sympathy with the families who were evicted from the Earl of Londonderry's estate have resumed work, but the excitement caused by the evictions has not yet subsided. The Waterside Unions are willing to remove the block in London, and renew their ofters of compromise on last terms proposed, on condition that the Shipping Federation displaces free labourers and reengages the old hands. The prospects of settlement are stated to be hopeful. The wool sales closed firmly compared with December sales. The better grades of merinos and fine crossbreds were 5 per cent dearer, and inferior grades 5 per cent lower. The Bank of New Zealand shares have risen one quarter. New Zealand hemp, fair average, £24 per ton ; Wellington, inferior average, £21 15s,