CABLEGRAMS

Wairarapa Daily Times, Volume VIII, Issue 2235, 4 March 1886, Page 2

CABLEGRAMS

(BY ELEOTRWTELEGRAPH—COPYRIGHT)

Kbuthr's Telegrams,

London, March 2.

Tenders are invited on behalf of the City of Melbourne for a loan of one hundred and fifty thousand pounds at four per cent. The minimum is fixed at one hundred and three. Tenders will close on the 10th March,

Consols are J lower, 101|. Bank rate remains 2 per cent, market rate being If or | below bank rate. New Zealand 5 per cent 10-40 loan quoted ex dividend £lO2 15s; ditto 4| per . cent 1879-1904 loan £lO2 6s: ditto 4 per cent inscribed stock £lO3 ss,

Wheat.—Adelaide 36s 6d ex store ; ditto New Zealand, 28s to 34s 6d, Tallow —Australian beef average 23s Cd per cwt; ditto mutton 24s 6d,

The Tainui arrived at Plymouth this (Tuesday) morning. The cargo of frozen meat was in.good order. _ ■ Melbourne, March 3. Sailed, this morning—Rmgarooma for New Zealand.'

Adelaide, March 3. Crooks, late manager of the Commercial Bank of South Australia, addressed a letter to the Chairman of the Board of Directors to that institution. In his letter Crooks confesses he obtained sums of money by overdraft without the knowledge of the customers whose accounts were debited by him with overdrafts, He further admits he had reduced the overdrafts by transferring various amounts from the loan account without the knowledge of the Directors,