Latest Australian.

Thames Star, Volume X, Issue 3097, 21 January 1879, Page 2

Latest Australian.

Melboubne, January 20 (evening).

A memorial from the unemployed to the Government is in course of preparation representing the existence of severe distress, and praying the Government to take steps to ameliorate the same. The discovery of a new rich quartz reefing district in Gippsland is reported. Melboubne, This day. The Canterbury team return to New Zealand to-day, after being feted by the Melbourne and East Melbourne clubs. Pabis, January 18. A French Ministerial crisis is believed to be inevitable. London, January 17. Latest advices from Afghanistan, by way of India, report that complete anarchy reigns at Cabool, which is at* tributed to the rapid success of the British forces, and the flight of the Ameer. January 18. Adelaide flour is 32s ; tallow, sixpence lower; New Zealand fives, one per cent, higher. Sir M. Hicks* Beach yesterday addressed a dispatch to the Governors of colonies, stating that the Treasury consents to continue the present postal arrangements till February, 1880, and then they must revise the rates. It is proposed that the Imperial Government retain 4d per letter. The Colonies are requested to authorise their Agent • Generals to discuss the Treasury proposal, and to conclude arrangements. Commercial.—Money is in large supply. Discount rates on the open market are considerably below the Bank minimum. The Bank reserve is eleven and a-half millions. Consols are 96. Australian securities are resuming their former activity. A winding-up order has been granted against the Blackmoor Iron Company, Booker and Co., and the Glamorgan iron masters. The liabilities are heavy. The latter are indebted to the West of England Bank six hundred thousand pounds. London, January 18. There was a partial run on the London and County Bank on Friday, but it was quite causeless. The directors announce a dividend of 9 per cent, for the halfyear.