EUROPEAN TELEGRAMS.

Poverty Bay Standard, Volume I, Issue 35, 15 March 1873, Page 2

EUROPEAN TELEGRAMS.

'FROM THE ANGLb-AUSTRALTAtf, AND THE NEW ZEALAND PREBB ASSOCIATION.)

London, February 19. Wools are lower since the opening sales. Twenty-five thousand bales were withdrawn, chiefly Victorian greasy. Buyers operate cautiously. Helmuth Schwartze, wool broker, reports that the result of the sales was more unfavorable than was expected. Australian washed and scoured wool was l|d» to 2d-lower than in December. Closing rates were, for greasy sorts, 2d. to 4d. below the prices obtained last February. Coals in London yesterday declined from 3s. to 4s. per ton. At South Durham coals advanced 2s. 6d. and 3s. per ton. The Times says the Federalists’ views predominated everywhere in the Sj anish provinces. Apprehensions are felt of a revolution in Portugal, and the British fleet has been ordered to the Tagus. The American Senate has refused to grant the subsidy to Webb’s Californian line. In a stirring article on the dearth of labor in the Australasian colonies, the Time* exhorts working men to go where prosperity awaits them. New Zealand Consolidated Fives are quoted at 103 J. Tallow, mutton, £4O to £45; beef, £39 to £42. Australian supplies are falling off. 300 bales of New Zealand hemp sold at £3l per bale. February 26. Wool had a better tone yesterday. French buyers are operating freely. Price unchanged. The exports to Australia for 1872 exceed those of 1871 by four millions. The Government are taking stope to restore to their homes the kidnapped survivors of the brig Carl. Right of search has been retained over vessels carrying the Fijian flag. The Times states that the stock of grain and flour in London is materially diminishing The Rev. Dr. Guthrie is dead.