DUNEDIN.

Thames Star, Volume X, Issue 3096, 20 January 1879, Page 2

DUNEDIN.

'■■ ' '■■ ■-■ ■■•' :j" ;iV-j- ; Friday.;, The Daily Titties and Herald unite in condemning the Cabinet for recommending the commutation of the sentence on Walsh the murderer. ! '

The Times in an article on the money market says:—There is no change in the position of the money market since our; last report. Applications, for loans are in excess of funds available, and rates have a tendency rather to harden than to give way. The absence of any influx of money from home for investment contributes to its present scarcity, and almost the only moneys available are from pre-payments of loans falling due. The" cession of remittances from home is not due, .however, to any want of confidence in New Zealand securities, for our credit deservedly stands high in the old country, but is rather attributable to the dulness of trade at home, and monetary resources requirecl for .tiding over late financial difficulties'there. There is every-hope, however, that the depression here is only temporary, and, should the. coming harvest not prove a failure, the sun of prosperity will again shine upon us. At present accounts are too conflicting to foretell with any certainty whether the harvest will:be an average one or, not. Advances on good freehold security, 10 per cent. In the sharemarket .there is an inclination to'sell. The general opinion is that the Colonial Bank would have done more wisely to strengthen its position than carry out their announced intention of declaring an increased dividend at' next meeting. Union Insurance shares flat.

A second meeting of the promoters of the Boslyn Tramway Company was held this evening. The nominal capital is to be £400,000, one-third to be called up. The estimated cost of the work? is £17,000. .: ? ■ J i Thomas, the Victorian wrestler, wWo was defeated by Tyson, of Napier, fqr the championship, was presented with a purse of 70sots. last night, previous to his, departure for Victoria. , . ' A man named Bobert McGregor has been killed near Outram by the ups'ettinjg of his dray. ?r . ; H. Three hundred and seventy-two Volunteers tcrned out at battalion parade, last night... y•-;■);■(■ ■■ ■■,-■! <>\{v u;/,\(\i- '"' j.-..