CABLE NEWS.

Poverty Bay Standard, Volume I, Issue 17, 4 December 1883, Page 3

CABLE NEWS.

(BY ELECTRIC TELEGRAPH—COP VRIOHT. J [Reuter's Tlegrams.J LONDON COMMERCIAL. London, Nov. 29. The publisher of the Tyronne (Ireland), and Courier have been arrested for printing and issuing placards proclaiming the views of the National League. The total reserve in the Bank of England in notes and bullion is £13,000,000, an increase of £300,000 during the week. The proportion of reserve to liabilities remains at 43 per cent. The Bankrate of discount is unchanged at 3 per cent., and the mark'd rate at 2 per cent. Consols remain at 101 f. New Zealand securities remain as follows ;—5 per cent. 10-40 loan, 105; 5 per cent. 1889 loan, 104 ; 4j per cent. 1870 1904 loan, 101 J; 4 per cent, inscribed stock, 100 J. Australian hides are in less demand, and prices have fallen j. At to-day’s wool-sales, 8.300 bales were offered. The tone of the sale was firm. The total quantity offered since the opening ol the present series is 88,600 bales. The withdrawals amount to 7,000 bale" Nov. 30. GougU and New Zealand securities requotations. The total quantiiy of wheat afloat for Great Britain is 2,500,000 quarters, an increase of 400,000 during the week. Adelaide wheat, ex store, 465. 6d. ; New Zealand ditto, 38s 6d to 43s 6d. Australian tallow : Best bei f has advanced to 39s and best mutton to 43s (sic). Copra: Sydney sun-dried, £l9 10s. Australian leather : Best sides have declined to I'Jd. At to day's wool-sale, the catalogue comprised 8,300 bales. The market continues firm, with active demand. Dec. 1. It is announced that the Conten ion has been concluded between Monsieur Lessepr and the Syndicate of British shipowners The Convention makes the following provisions :—Seven additional directors, all of whom shall be Englishmen, will be appointed to the Board of Directors; the Canal

Company Consulting Committee to he appointed to act in London with the English directors ; surtax at present levied to be abolished from January next, and the pilotage dues in July, 1884 ; transit dues to be reduced to 50 centimes per ton from January, 1885, and further reductions will thereafter be made in proportion to the profits realised by the company ; a competent committee, composed of one-half Englishmen, will determine whether the present canal should be enlarged or a second one bo constructed.

The ill-feeling which has prevailed some months past in the North of Ireland, between the Orange and the National parties, still continues to increase, especially in the province of Ulster, where the tension is now very severely manifesting itself. In consequence of fear* entertained that a serious disturbance may occur, a proclamation bus been issued by the Executive, forbidding a mceiing which is announced to be held at Newry, County Down, by Orangemen and Nationalists. The trial of Michael O’Donnell for the wilful murder of James C-rey, the Irish informer, at Port Elizabeth, in July last, was finished to-day. Prisoner was found guilty and sentenced to death. Paris, Nov. 29. The Committee of the Chamber of Deputies have voted a sum of 9,000,000 francs to cover the expenses of the French expedition to Tonquin. lhe Marquis Tseng, Chinese Ambassador, who has been in this city some daysjforjjthe purpose of carrying out negotiations with the French Government, will shortly return to England. A serious accident occurred to-day, on the railway line, near Mountfort, Brittany Eighteen lives have been lost by thejlisaster, and fifteen passengers are suffering frum serious injuries. It is stated that the Government have decided to send re-in forcemeats to De Brazza, who is engaged in forming French trading stations on the Congo. The Parliamentary Committee appointed to consider the question of voting credit for the Tonquin expedition, in making its report, recommended that endeavors should be made by the Government to arrive at an amicable arrangement with China, but at the same time the Committee recognised the necessity of sending reinforcements to Tonquin as a precautionary measure. Berlin, Nov. 29.

It has transpired that the Emperor William has telegraphed to the King of Spain, thanking him fur the cordial reception accorded lhe Crown Prince of Germany, and assuring him of his (the Emperor’s) life-long friendship. Cairo, Nov. 26.

Intelligence has been received here that of the Urge body of gend’anne recently debpatched to buukim, one-half have deserted when only half-way ou their journey. The news caused some alarm fur the safety of the people in Upper Egypt,"who .were menaced by the rebels.

Alexandria, December 1. In view of the state oi affairs in Upper Egypt, H.M.B. Invincible has arrived at mis port, and will remain to watch the progress of events.