BRITISH AND FOREIGN.
[Redteb’s Agency.j CommercialLondon, Dec. 6. Three per cent consols have declined and are to day quoted at 99jK New Zealand securities have an upward tendency. 5 per cent 10-40 loan has advanced 1 per cent to 105 ; 5 per cent 1889 loan is unchanged at 104; 4£ per cent 1879-1904 has also advanced 1 per cent to 10l£. Colonial breadstuffs are unchanged. Adelaide wheat, ex warehouse, 565; New Zealand ditto, 52s ; Adelaide flour, ex store, 41s 6d. Australian tallow remains at last quotations—best beef, 37s 6d; best mutton, 40s 6d. Best Scotch pig iron has advanced 2s per ton, No. 1 f.o.b. in Clyde, being at 545. At the wool sale to-day 8400 bales were offered, making a total of 104,700 catalogued since the opening. A fair demand was experienced. Defeat of Sir Samuel WilsonDee. 7. The election for Londonderry took place to-day, and resulted in the return of the Solicitor-General for Ireland, who was a candidate for the seat, by an overwhelming majority over Sir Samuel Wilson, the Conservative candidate. President Arthur’s MessageWashington, Dec. 6. General Arthur delivered the usual Presidential message to Congress to-day. He stated that the question of the construction of the Panama Canal was one of grave national importance and should receive earnest consideration. Tho United States Government would renew parleying with England in regard to the British Columbia. It would be proposed that the British Government should modify the Clayton-Bulwer Treaty so as to abrogate the clauses of the same which do not comport with the obligations of America in British Columbia. The President then, in reference to Home affairs, stated that it was deemed imperative that the army should be increased by at least five thousand men, and that a reorganisation of the navy should be proceeded with without delay. He concluded by announcing that a Commission would be appointed to take into consideration the question of the revision of the tariff and a reduction of taxation.
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South Canterbury Times, Issue 2722, 9 December 1881, Page 2
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327BRITISH AND FOREIGN. South Canterbury Times, Issue 2722, 9 December 1881, Page 2
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