NEWS BY CABLE.

Wairarapa Daily Times, Volume IX, Issue 2946, 10 July 1888, Page 2

NEWS BY CABLE.

AUSTRALIAN.

Mblboubnk, July 9. Tho body of a man found murdered at Elmore, near Beiidigo, on Tuesday last, has been identified as that of John Dug-, gan, a labourer. Two men named Williams and Leeds have been arrested on suspicion. It is thought that robbery was tho motive of thocrimo. Pubtu, July 9,

Reported further rich discoveries ol Kuld-bearing stono ia Jubilee Reef al Kimbetley,

Adelaide, July 8.

Tlia P. mid 0. Company's ateamor Arcadia brings news of the limiting of the New Zealand loan. Tlie success of the loan was a Burpriso to everybody, and especially to those who had decried it, and dono everything to damage its prospects, Some of tho financial organs daily paraded in their columns the indebtedness of tho colony, and the Stock Exchange circles '.' beared" the loan. Tho greater portion of the amount has undoubtedly gone into tho hands of a powerful syndicate, and the chief feature in (connection with floating tho loan seems to bo that the two rival money dealers competed to outbid each other. It lias been suggested that tho reduction of tho Bank rate of .interest two hours before tho advertised time for dolivory of tenders for tho loan hid something to do with its success. The prices ranged from £9710s to £9Blos. The principal tondors were one for £900,000 at Bl 15s, nud thtee for £500,000 each, at £9olos, £97 12s, and £97 17s, respectively. There wan considerable excitement when tho result was niihuuticod,' and tho market price for old aud new stock rose rapidly. One syndicate toudoriwr at lowor prices than those mentioned failed to obtain au allotment. The premium of tho loan ran above two per cent. Sydney, July 8,

H.M.S.. Diamond has returned from hof visit to the Now Hebrides, whero alio lias.successfully arranged tho preliminaries Of tho Commission for governing' the island. When the Diamond left, the commander of the, French warship Fabert was left in 'charge, and ho will remain at the head of affairs for a month, when he will bo' relieved by an officer from H;M.S. Rapid, who takes charge for a month. While on her cruise, the Diamond was successful in punishing tho natives at Pentecost Island, who murdered Mr Walker while labor recruiting in January last, Tho Diamond will leave fur Home as soon as H.M.S, Royalist, which is to relievo her, ariivcr.