NEWS BY CABLE.

Wairarapa Daily Times, Volume X, Issue 3098, 8 January 1889, Page 2

NEWS BY CABLE.

• :,. ■ London, January i, A,t the annual meeting of the New Zealand Loan and Mercantile Agency Company yesterday a dividend of 10 per cent and a bonus of £5 percent was declared. ,112,000. was carried to the reserve fund,'..'' Considerable excitement Las boen occasioned both; afc'iLjverpool and Birmingbam owing.to doubts having arisen'asitot the bonafidts of Professor Friend's "Elebtrio; Sugar Compaiiy.The sKares, which were'quoted at' £l2O, have bad a tremendous fall, and aro offering now at LlO, It is stated that only refined sugar was being treated, January 5, The Economist says the Panama Canal Company is in a hopeless condition. Mr W. O'Brien, editor of the

to anavoi a chaise of inciting the Kcuy people to resist the payment of rents ' - PAius/January 5. The election for the Depmtuent fit the Seme, 'whioh lakes place on the 27th mat,, 1 is causing the greatest excitement m Paris The" Bonapai lists and Loyalists sunport the nomination of General Boulanger, Belohadl, January 5. - Tho Servian Ministry have iesigned. ,

Berlin, January 5. Piofessor Geffken, who was charged with tho publication of the lateJEoicustody, and the /proceedings against hint are abandoned.::/ .// /■/' /'/■.

/ .OiiAwA, January 6,/• // The Canadian' Minister of Finance; during the discussion on the propbaed line of steamers from /Vancouver, to Houg; Kong and Australia,- stated: that the Government of/the Dominion wero pledged. to'handsoniely/mibsidise. the/line.;' -;'''"/ :^//; :-/ A 'l•■■ , /;-■'>'-=/''

;/'//,; Madrii), January 5i By a colliery explosion: at'Oviedo, in the province, of the'Bame/name, a large "number / of'; lives Were '■ lost, Thirty bodies have been recovered already. /•/'■/// ■/,' . New York, JanuaryC;; ■ The Chamber of.Commerce has invited; Mr ,/HennikeriH'eaten,.' M.P. for Canterbury in the House of Commons, to' deliver ah address on postage'systems in thislcityi/;.,;;; v-'v:/ ~''■;'■' . : 'V; January 5. Further, revelations/in connection with Professor Friend's Electric Sugar Company prove that' the whole thing ib mythical. .The discovery was made immediately., the, secret rooms in the factory in this city were entered after the disappearance of Mrs Friend, who has promoted the invention since the death of her husband. The exposure created a complete surprise, and shares have receded to 30s. London, January 5; The crew of H.M.S. Diamond will be paid off. and the vessel sold. The Eev,; Mr Spurgeon, writing in Sword and Trowel, says the Imperial Parliament, as a time-honored institution, is degraded by tha aotions of obstructionists. . • London; January 6, The Maori defeated the Kirkstall Club by two goals and a try to one goal,

Washinoton, January 6, Tha American Senate is debating resolutions warning the Government of France not to fmeddle with the Panama Canal..

Suakih, Jnnunrji, The enemy are harassing the pickets stationed outside the town,

Australian! Sydney, January 6, A hawker named Olund has been discovered murdered near Young, and it is believed that tho motive for the crimo is robbery. Jauuary 7. The three-masted schooner Heath has been wrecked near Broken Bay, north.of Sydney. Two seamen named- Ohlsen and Svensen were drowned, and others suffered severely from exposure. " The schooner Buster, laden with' dynamite; which was dismasted and abandoned in a gale off Gabo Island has been.recovered'by the Bteamer sent in search for her, and brought safely into port. Memourne, January 7. Tho official returns show that the attendancoat the Exhibition up to date numbers 1,489,000.

. English Commercial. London, January 5. A cargo of Adelaide wheat has boon.soldat.3ds9d. Owing to the operations of the syndicate, /copper has advanced to J6104 per ton. "" New Zealand 4 per cent.; inscribed are also active at 100. . : ...;./ Australian wheat, ex store, 48s, with market firm; New Zealand long berried, 435; The English wheat market is dull, tho Continental firm, while the American is Bteady. Offooast cargoes are not meeting with ready salo. For. forward shipment sellers ask 40s; New Zealand wheat on passage ; averages 395; Australian wheat, ex-store, 30s; New Zealand, 2656 d. : -■

. Tallow-Beat mutton, -34s 3d; beef, 335,