THE ENGLISH SUEZ MAIL.
[Pkess Telegraph Agency.] Auckland, Friday. The following additional items of English news came to hand by the City of Melbourne : London, January 12. The Australian mails via San .Francisco were delivered one day under contract time. The Adelaide loan remains open till the 15th instant. The Sydney loan is at 90J per cent. The corn market is drooping. The Cospatrick relief fund has reached the amount of £2575. The New Zealand Government subscribed £I OOO. The attempts of Marshal MacMahon to obtain a new Ministry have failed, but the Cabinet have agreed to remain in office provisionally. The crisis continues. Prince Alphonso has landed at Barcelona and has been received with great enthusiasm. There was an imposing religious procession in honor of the occasion. The Edwin, bound to Adelaide, has been lost on the coast of Vancouver's Island. The Star of Wales, with a cargo of flour for Australia, has been wrecked off Natal. Three of the crew were drowned. Upwards of half a million of the New South Wales loan has been taken at a figure above the minimum. The balance has been taken by the Stock Exchange at £9O. The Adelaide loan was a failure. Only £25,000 was tendered for at a discount of 5 per cent. The produce telegrams received by the New Zealand Loan and Mercantile Agency Company are to the following effect :—" London, January 7. AVool : The next sales commence on the 23rd of February. To date only 37,000 bales have arrived. There has been a little private inquiry, as trade in the manufacturing districts is slightly better. .Tallow : Mutton, 455. per cwt.; beef, 435. The leather market is firm. Two thousand Australian hides have been sold since last report. Wheat : New Zealand is worth 50s. per 4961b5. The market is quiet.
The intervention of General Sheridan in the New Orleans embroglio has caused great indignation, and the American Senate has requested President Grant to furnish explanations.
The ship Jason has had to discharge her cargo, as the damage she has received is considerable. The cargo is being sold on account of whom it may concern. The Sydney Morning Herald learns that an action lias been commenced in the Queen's Bench by the Governments of New South Wales and New Zealand, against H. H. Hall, one of the joint contractors, and Alex. Bussche, one of the sureties for the temporary Pacific Mail Service, to recover the amount of the bond of £25,000. Sir Henry James, Q.C., and Mr. Dennistoim Wood, are retained for the plaintiffs, and Mr. Tinley for defendant Bussche. The evidence of Hall was taken at great length on 10th November, to prove the due execution of the bond, and other facts. An action has also been commenced in the Supreme Court of New York, against Mr, Forbes, as joint contractor with Hall for the service, and another action has been begun in the State of Massachusetts against Cunningham, another surety.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/NZTIM18750123.2.12
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Times, Volume XXX, Issue 4319, 23 January 1875, Page 2
Word count
Tapeke kupu
492THE ENGLISH SUEZ MAIL. New Zealand Times, Volume XXX, Issue 4319, 23 January 1875, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.