CABLE TELEGRAMS.

Southland Times, Issue 1725, 8 April 1873, Page 3

CABLE TELEGRAMS.

London, March 22. Money is scarce ; discount brisk. The stock market is slack, but Telegraph Companies' shares are agitated. Debentures. — Victorian sixes, January and July, 116 ; do, April and October, Ilsi ; Victorian fives, 108£ ; New South Wales fives, IC7 ; South Australian sixes, short date, 109£ ; New Zealand Consolidated fives, 104 ; do, sixes, 113 ; Queensland sixes, 111£ ; Tasmanian sixes, 11 1\. Banks. — Australasia, £52 ; New South Wales, £4il; Union Bank of Australia, £42 10s; English, Scottish, and Australian Chartered, £20 10s ; South Australian, £32. Tallow is quiet ; mutton, from £40 to £45 ; beef, £39 to £42 ; petroleum, 16£ d ; sperm oil is held at £95. New Zealand hemp is stagnant. Cotton dull, showing a decline; Queensland averages 9d. The copper market is excited, and prices are advancing ; present quotations are £94 to £96. Tin is steady ; Straits at £147. Wheat is quiet. The Baltic ports are now open ; and 262 cargoes of Californian ase on the homeward passage. The present value is 12s per cental. The Sir John Lawrence and the Hawksbury, from Sydney, have not yet arrived. March 25. Correspondence with Khiva has been authoritatively forbidden. According to the Bussian account, the Khivans have

unsuccessfully attempted to incite the Kerghese to revolt. The equipment of the Khivan expedition is now completed. The insubordination of Spanish troops in Catalonia is causing uneasiness. The abolition of slavery in Porto Rico has been voted. Galle, March 24. Arrived. — Mooltan, R.M.S.S., from Australia, on 22nd. London^ March 26. Lord Romilly haß retired from the position which he haa long held of Master of the Rolls. Mr Lowe, the Chancellor of the Exchequer, has promised to consider the expediency of inquiring into the Bank Act, authorising the Government to suspend the Bank Charter on emergencies. The second reading of the Morgan Burial Bill has been carried in the House of Commons by a majority of 280 to 217. The Government supported the bill, which was opposed by Mr Disraeli. The National Agricultural Union has resolved to petition the Colonial Governments to grant free passages to agricultural laborers. The New Zealand and Californian mails brought by the steamer Dakota have been delivered. Mr Gladstone has intimated that the Geneva award will not be paid from the present surplus revenue. The press and the public strongly support Mr PlimsoH'a efforts at legislation against unseaworthy and overladen ships. A Roman Catholic triduum has been appointed as a thanksgiving for the overthrow of the Irish University Bill. Two hundred agricultural laborers have sailed in the ship Ramsay, for Queens<land. An Atlantic Telegraph Company is announced, with a capital of eight millions sterling, which is to absorb the existing companies. The Torke Peninsula Company issue 15 per cent, preference shares, in exchange for debentures and interest. Discount 4 pe.r cent. Obituary. — Mr Money Wigram, the well known shipowner, and Professor Partridge. The French budget for 1874 shows an estimated expenditure of 2,523,000,000 f. and a revenue of 2,526,000,000 f. March 27. Sir Daniel Cooper, Bart, has addressed a 'letter to the Earl of Kimberley, Secretary of State for the Colonies, advocating the retention of Sydney as the postal terminus of the Australian colonies. Thirty tons of preserved meat have arrived from South America. The University Boat Race between Oxford and Cambridge takes place on Saturday, 29th inst. The betting at present is 6 to 4 in favor of Cambridge. Obituary. — Count Bernstoff, German ambassador in England. At a banquet given at the Mansionhouse there were 200 mayors present, including Mr M'Pherson, ex-mayor of Melbourne. The Ministers of the Crown and foreign ambassadors were amongst the guests. Mr Gladstone, in responding to the health of the Ministry, said in the course of his speech that he was not ashamed either of his recent fall or recovery of office, and that the principle of a National Irish University was indestructible. A mass levy in Northern Spain, to proceed against the Carlists, has been decided on. Turkey has contracted a loan of fifty millions.