CABLEGRAMS.

Oamaru Mail, Volume IV, Issue 1036, 15 August 1879, Page 2

CABLEGRAMS.

(reoter's telegram, phr press association) ] London, August 12. The new series of colonial wool auctions was opened to-day. The quantity catalogued was 9300 bales. There was a fair demand. The total quantity catalogued was 340,000 bales. Low cross-breds were in favor of buyers. (SPECIAL TO 3IELBOURNE ARGUS.) London, August 12. The Oriental Bank notifies that advices from the branches are now complete, and warrant the payment of a dividend of five per cent. The failure of two Canadian banks caused a drain on New York reserves. The temporary panic at Montreal has subsided. The wool sales have opened. The total number of bales available is 352,000, of which 17,000 were taken for Yorkshire and the Continent. There was a large attendance of buyers, and keen competition. The prices are the same as at the last series, with the exception of low crossbreds, which are a half-penny lower. (SPECIAL TO MELBOURNE AGE.) London, August 13. The Duke of Buccleuch, the Duke of Richmond, Earl Spencer, and Mr. Go'schen have been appointed commissioners to inquire into the cause of the agricultural distress in England. DIRECT AUSTRALIAN NEWS. (reuter's telegram, PER PRESS ASSOCIATION.) Sydney, August 14. Sailed—City of New York, for Auckland. Melbourne, August 14. Arrived —Albion, from New Zealand ; Assam, from King George's Sound. The Rotomahana, a New Zealand trader, has left London. At the polling to-day on the licensing question, the majority were in favor of limiting the number of public-houses. August 15. The departures from London for New Zealand from June 21 to July 4 have been—Crusader and "Waitangi, for Canterbury ; Mataura, for Otago; lona, for Wellington ; Jessie Readman and Letu, for Auckland. Sailed —Arawata, with the Suez mail. (SPECIAL TO PRESS ASSOCIATION.) Melbourne, August 14. Democrat is the favorite for the Melbourne Cup. Le Loup is firm at 100 to 5. Pollio has been backed at 100 to 2.