NEWS BY CABLE.
XI XJ f I X/ X Vi.XX'XtXJI SPECIAL TELEGRAM. London, May 25. Discount rates in the open market are falling. The reduction in the bank minimum is expected. The bank reserve is slightly better than last week. Consols firm at 95i. The market for Australian securities is remarkably firm. Wool is showing a better tone, and the market is hardening. Wheat—Large foreign supply and home stock. May 26. Congress is to be held in June. It is expected that early invitations will be issued to the Powers. . The Queen’s birthday was kept up on Saturday by reviews and banquets. Many colonials attended the dinner given by Sir Hicks Beach, the Secretary of State for the Colonies. Obituary—Duchess of Argyle. (REUTER'S SPECIAL TO PRESS AGENCY,) London, May 25. A Cabinet Council was hold yesterday, when Count Schouvaloff’s proposals were considered. The Council is summoned again for to-day, when the final resolution of the British Government is expected. Consols, 96. V; Bank rate, 3 per cent. ; market, 2J. Adelaide wheat, 575. to 595.; flour, 89s. Since the opening of the wool sales 91,800 bales have been offered. The decline at the opening has since recovered, except for crossbreds. AUSTRALIAN NEWS. . Sydney, Monday. Arrived—Wakatiuu, from Wellington.
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New Zealand Times, Volume XXXIII, Issue 5356, 28 May 1878, Page 2
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206NEWS BY CABLE. New Zealand Times, Volume XXXIII, Issue 5356, 28 May 1878, Page 2
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