CABLE NEWS.

Poverty Bay Standard, Volume I, Issue 69, 18 February 1884, Page 2

CABLE NEWS.

[Per Electric Telegraph—Copyright.] [Reuter’s Telegrams.] London, Feb. 15. Lord Carlingford, Lord President of the Council and Lord Privy Seal, has introduced in the House of Lords a Government Bill providing for the exclusion from the United Kingdom of cattle arriving from countries where disease is believed to be in existence. In the House of Commons the Chancellor of the Exchequer has given notice of motion for a credit vote of £2,000,000, to be devoted to defences at home and abroad. The debate on the Address in Reply was continued in the House of Commons last evening, but was again further adjourned. A further portion of the Tongariro’s mutton, sold to-day, realised 4|d per lb. Most of the shipment is pronounced “ too small,” the carcases being too light. The local market at present is glutted by supplies of English and South American meat. The mails (via Suez and Brindisi) dated Melbourne, Jan. 3, were delivered here yesterday. The total reserve in the Bank of England in notes and bullion has advanced to £12,900,000, an inciease of £700,000 during the week. The proportion of reserve to liabilities has risen to 41 per cent. Consols still remain at 101. New Zealand securities are now as follows: —s per cent. 10-40 loan, 105 ; 5 per cent. 1889 loan, 104£ ; 4£ per cent. 1879-1904 loan, 100 ex div.; 4per cent, inscribed stock, 99. The market rate of discount is still 3s, and is still below the bank rate, The wheat market is still unchanged. Adelaide wheat (ex store) remains at 445., and New Zealand (ditto) at 365. to 425. ; Adelaide flour (ex warehouse), 31s. AU colonial breadstnffs continue quiet but steady. Australian fair average quality tallow—beef, 385.; mutton 41s. 6d. The catalogue at yesterday’s wool-sale comprised 8,900 bales. A fair demand was experienced for the lots submitted. At the wool-sale to-day 12,000 bales were offered, making a total of 30,100 bales catalogued since the opening of the series. Prices generally are Jd. lower than at the close of the last auctions, The withdrawals amount to 4,000 bales. Australian hides—The demand is limited, and prices have declined id. It has transpired that the English Government has informed the Egyptian Government that it cannot allow the Egyptian troops now at Souakim to co-operate with the British troops which are to be despatched to relieve Tokar. Cairo, Feb. 14. The embarkation of troops to be despatched from this city to the Red Sea will commence to-day at Suez, where transports are now waiting. The ships will proceed withe ut delay, and are expected to land the whole force at Souakim on Tuesday next, the 19th inst. Telegrams have been received here from Souakim, stating that the rebels who have been encamped in the neighborhood are now dispersing. Calcutta, Feb. 15. The Exhibition will close on Saturday, March 8. A public banquet to the Foreign and Colonial exhibitors will take place on Monday next, Feb. 18.