LATEST CABLE TELEGRAMS.

Southland Times, Issue 1749, 3 June 1873, Page 2

LATEST CABLE TELEGRAMS.

ENGLISH COMMERCIAL. The following cable message was brought to Wellington by the Hero, from Sydney. London, May 20. The Scottish and Australian Investment Company have declared a dividend of 10 per cent, per annum. The wheat market is firm and Bteady. The quantity received from California is irregular. The Adelaide wheat ex White Eagle sold at 64s per 496 lbs. Australian tallow is quiet ; mutton is quoted at £40 to £43 ; beef, from £38 to £41. The copper market is quiet. Hemp is depressed. New Zealand consolidated fives, 104. The leather market is inactive, with a tendency to a slight decline in price. Straits tin is dull at £146. Eighty tons of Australian ore have been sold at £21 to £28. Wool : — Half the quantity catalogued for the current sales has been sold. Prices are well sustained. Hokitika, June 2. The Alhambra arrived at Hokitika on the 31st May from Melbourne, bringing Englishcable telegrams to 23rd May. The motion for the disestablishment of the Church of England was lost in the House of Commons by a majority of three hundred votes. A large quantity of gold has been withdrawn for the continent, in consequence of the money panics in Russia, Germany, Austria, and Turkey. Uneasiness was felt on the Stock Exchange. Discount, 5 per cent. ; and stocks generally depressed. Special messages for New Zealand announce under date London, May 23, that New Zealand consolidated Fives are £ lower. The Imperial authorities have agreed to undertake the coat of the postal service from San Francisco to Great Britain. The evidence adduced in the Tichborne trial is damaging to the complainants. The Khivans have sent an advanced force to meet the Russians. Special Australian news .- — The Age says that under the new circumstances Victoria will contribute to the New Zealand mail service. The Victorian Cabinet to day (24th May) have considered Earl Kimberley's telegram, and resolved to offer terms to the Peninsular and Oriental Company for a service from India to Melbourne, and to offer to New Zealand a proposal for co-operation on equal terms, measured by the amount of correspondence, by f he Galle route, for

each Colony ; or, for an interchange of advantages" by Galle and San Francisco. If New' Zealand takes the letters one way, Victoria will take 'hem the other. The Cabinet is now Hitiing ; and Mr Francis believes that his colleagues will agree to lay before the Government proposals for free press messages by cable^