LATEST TELEGRAMS (By Electric Telegraph.) From Our Own Correspondent. LATEST FROM AUCKLAND.

Te Aroha News, Volume V, Issue 216, 20 August 1887, Page 2

LATEST TELEGRAMS (By Electric Telegraph.) From Our Own Correspondent. LATEST FROM AUCKLAND.

Auckland, Last Night. The steamer Richmond lias returned from her Island cruise, ami brinns the news that the Stella had arrived at Suu r day Inland with Messrs Percy Smith and Choeseman, to complete the imn. xation and survey of the Kermadie Islan |. Amongst the passengers by the steamer Ifichmond weie, Rev. A. Pearse, Mrs. Pearse, and eight native missionaries, en rou to for New Guinea via Sydney. The Hey. Pearce has been for the last li yeais at Kaiatea on behalf of the London Missionary Society, and recently volunteered to proceed to New Guinea to carry on missionary work there. i

SHAKE MARKET. The shurcinarket is now much brisker than for some time past, the reduction in the bank rates in Australia, a ltd the certainty that New Zealand banks will follow suit ia being- felt in the price of all first rate stocks. New Zoalaijd Bank shares have boon done at £lb 18s, and there are enquiries' fur Colonials and Nationals. , There are strong buyers of New Zealand Insurance shares at 05s. Nationals at 15s ; Unions at 203 (>d ; Standard's, 10s 9d, with no declared sottlurs at tlieso prices. The market has, a deei'dedly upward tendency, iv" Shining shares, and the run on Hoanafcairios cojitinues ; it being .expected* rtliafc the directors will accept the Londou offer Jot" L 20,000, wliicji would be an immense benefit to the whole field. Caledonians are quoted afc'&s ) Cambria -Is ; Prince Imperial ( at 3s 61, are quiet ; Deep Level Cross' are asked i'or at very low prices.

THAMES ELECTION. Thames Last Nighfo-' . • -IM^'FraseF-rcig^^^r^t&to} thanks and-eontidenee-ftfc— Block -2-7- last night. About threejourths of those present jfetyaincd fron^vpting. f \ SkITS'W BE TSSUfeD ON 2Gth A telogram to-day from Wellington states thai the writs will be issued on 2Cth itistant.