LATER ENGLISH NEWS. (BY ANGLO-AUSTRALIAN TELEGRAPH.)

Southland Times, Issue 1604, 12 July 1872, Page 2

LATER ENGLISH NEWS. (BY ANGLO-AUSTRALIAN TELEGRAPH.)

Auckland, July 11. The Alexandra has arrived from Sydney, bringing English news to the 22nd June. The Java papers from June 8 to 14 say that England and America had nearly been declaring war. The opposition given by America in the settlement of the Alabama question wa3 so unsatisfactory that England said she would wash her hands of the whole matter. America then spoke about war, but England said she was prepared for that also. Later dates to June 14 state that the Lords warmly debated Earl Eussell's motion to suspend the arbitration till the indirect claims were withdrawn. Lord Derby and others supported Earl Russell, and Earl Eipon accused the Conservatives of assuming an unpatriotic attitude. America has proposed another Commission to arrange a treaty for defining the rights of neutrals. General Grant has been re-nominated for the Presidency, and admits that diffi- *■ culties exist among the Americans them-

I selves against the formal withdrawal of the indirect claims, but it has been decided not to urge them at present. Several speakers in the House of Commons persisted in at once having the question settled one way or another. A late direct cable message from London on the 22nd of June has been received, which announces that the June wool sales commenced with 200,000 bales, 4,500 of which had been offered, mostly Sydney. So far, there had been a slight decline in prices. A private telegram, dated the evening of June 22, mentions a fall of one penny per lb. in wool, but the market was then firm. The Times in reviewing the correspondence with the Australian Governors on the question of intercolonial reciprocity, remarks that if the Colonial Legislatures, after mature deliberation, should petition the Home Government for the repeal of the law against differential duties, the concession must ultimately be made ; but if the power so acquired be used in a protectionist sense, as distinct from a simple Customs' union, they will seriously lessen the bonds attaching them to Great Britain. The production of the Victorian tariff correspondence has been refused. The proposed New Zealand and Tasmanian loans have been placed on the market. Colonial Securities. — New Zealand six per cents, 112. Bank Shares, — -New South Wales, 39 ; Bank of Australasia, 53 j Union Bank, 36 ; South Australia, 35 ; London Chartered Bank of Australia, 24f ; English, Scottish, and Australian Chartered Bank, 19i ; National Bank, 6. Shipping. — Arrived, Malay and Queen Bee. The ship Bulwark, from London to Auckland, put into the Cape of Good Hope leaking. The City of Melbourne, 13 days out from Auckland, and the Hero, eight days out, had not arrived at Sydney on the sth July.