CABLE NEWS.

Poverty Bay Standard, Volume I, Issue 102, 8 April 1884, Page 2

CABLE NEWS.

(reuter’s telegrams.) London, April 4. Consols remain at 102|. The bank rate of discount is 2|, and the market rate 2J per cent. The bank reserve is £15,500,000, being a decrease of £1,100,003 during the week. The proportion of reserves to liabilities is 44 per cent. New Zealand securities remain at last quotations—viz., 5 per cent. 10-40 loan, 103 ; 5 per cent 1889 loan, 105 ; 4J per cent. 1879 ; 1904 loan, 101|; 4 per cent, inscribed stock, 101. Colonial breadstuffs and tallow are without quotable change. At the hides auctions to-day, Australian sorts realised full prices. The total quantity of wheat afloat for great Britain is 1,960,113 quarters, being 90,013 quarters above the quantity recorded li” 1 ' week. (AGE ' tIALS.) THE NEW GUINEA EXPEDITION. London, March 26. A trading company of thirty adventurers, which was being organised by Kennealy to proceed to New Guinea, has collapsed. It is also doubtful whether Powell will proceed with his intended scientific expedition to New Guinea, under the sanction of the Royal Geographical Society. VICTORIAN INSTITUTIONS. Mr. Patterson, a member of the Victorian Legislative Assembly, who is at present in England on a visit, was entertained at a banquet last night, at Alnwick, Northumberland, his native place. In the course of his remarks, Mr. Patterson warmly eulogised Victoria and its political and other institutions.

Mr. John Mclntyre, member for Maldon, in the Victorian Legislative Assembly, has issued the prospectus of the Maldon Mining Co , which he is floating in London. The capital is to be £70,000, in £1 shares.