CABLEGRAMS.

Wairarapa Daily Times, Volume VII, Issue 2002, 29 May 1885, Page 2

CABLEGRAMS.

(BY ELECTRIC telegraph—copyright)

Reuter's Telegrams,

Melbourne, May 28,

In Mr Service's reply to Mr Stout's circular on the subject of federation, which has been made public, Mr Service expresses regret that the New Zealand Government did not formulate its views earlier, and states that a Federal Council as proposed would nowise interfere with the local autonomy of the respective colonies, Mr Service concludes by expressing a conviction that the Federal Council, if deprived of the power of legislation, would be no better in its result than tho recent conference. Berlin, May 27.

His Majesty the Emperor does not show sips of improving in health. It is an intestinal disorder from which lie is suffering. ,

Cairo, May 27.

The arrangements for the evacuation of the British headquarters at Dongola have now been completed, and the first detachment of troops left to-day.

London, May 27. Three per cent, Consols have advanced 1, and are now quoted at par. New Zealand securities are steady at previous quotations. The market rate of discount has been reduced to J, and is now If below the Bank rate.

Colonial Breadstufl'a,—Adelaide wheat, ex store, 365; New Zealand wheat, ex store, 30s to '36s; Adelaide flour, ex store. 275, :

Tallow—Australian, fair average quality beef, 80s; mutton 82s,

Leather and hides unaltered. May 28, It is announced that the Admirality have definitely adopted .the Brennan terpedo, which is the invention of an Australian engineer. An important Conference was held at the Admiralty yesterday between the Colonial Agents-General and Admiral Sir Cooper Key, Senior JNaval Lord,' on the sabjeofc of Colonial defences, London, May 28,

The Directors of the Bank of England to-day resolved to reduce the bank rate from 2$ to 2 per cent. Tenders are invited on behalf of the New Zealand Government for a loan of £1,500,000 at 4 por cent. The minimum is fixed at 975. Tenders close on the 4th Juno

It lias transpired that' the Conference which was held 011 Wednesday between the Colonial Agents-General and the Senior Lord of the Admiralty was merely to ascertain how many torpedoes would be required for the defence scheme of each colony.

The following cable message has been received by the New Zealand Loan and Mercantile Agency Co (Limited) from %eir London office:—Wool—Market unchanged. Wheat—Marketquiet. Adelaide is wortl) 3Gp 6d; New Zealand 33s 6d; and fiscan 3Qa pep 4£|6lbs; Adelaide, f.a.q.j js worth, c.i.f. to avriye, 35s G(1 per 480 lbs. Tallow—market is fjat. Best lpttoi) is worth 3ls, ans best beef 29s per pwt> Leather—n)avkefc uncharge? able, New Zealand flax—market firm. Fine quality i§ worth £37, medium £2lj and common £l7 per ton,