NEWS BY CABLE.

Wairarapa Daily Times, Volume XI, Issue 3400, 3 January 1890, Page 2

NEWS BY CABLE.

ENGLISH. London, Jan 1

The financial newspapers consider the liorrowing of Viotoria is excessive, and tho city is adverse even to the four millions about to be placed on the market this month,

. A disastrous lire occurred to-day at|the Industrial School at Forestgate, Twenty-sis:-of the children" were burnt to death, only 58 were icscued,

O'Connor, editor of the Leiiister Loader, haß been arrested under the Gi-iniCß Aci on the charge of writing articles intimidating tenants from taking farms from which unan s had previously teen evicted. Tho. Hon H. M. Davies, Speaker of the Victorian Legislative Assembly,has been created a Kniijht Bachelor, land the Hon J. C. Bray, Speaker of, tho Houso of Assembly of South Australia,-a Commander of Si Michael and St, aeoi'go. The Earl of Belmore who was Governor of New South Wales from 1867 to 1872, baa been made a Knight Grand Cross of St. Michael and S>. G.o jo. Sir John Gorsi, Q. 0,, is to bit a member of t'ie Privy Council. The Sailors' and Firemen's Union liavo called out tho crews and coalers in London.

Tho postmen at the West End are suffering from influenza, and are unable to perform their ordinary duties,^

FOREIGN

Alexandria, Jan 1. After paying the expenses resulting from the abolishment of corvee, the surplus of. tho Conversion Loan will be applied to increasing the Egyptian army, and facilitating the system of irrigation, Ban Salvador, Jait 1, Tho troops despatched by the Government have succeeded in crushing the rebellion at Aiscaltan under General Rivae. Australian. Sydney, JaiTuary 1. *Vhilo oraiaing about the. harbour yesterday a yaolifc capsized, and'three I youths uamnd Peake, Godtlard "and Neville were drowned. In the Tttttersall's Cup race yesterday, a jookoy named Wilkina was killed, owing to the horse ho was riding falling. . Hobaut, January 2, The revenue for the colony for 18R9 shows an increase of £BB,OOO as compared with that for tho preceding year, . COMMERCIAL. Londos, January 1. Glasgow pig iron has increased to 64a per 'ton, Middlesborough is quoted at 62s 6d. Queensland mutton is quoted at 3id to id; beof Sid; New Zealand 3fd. .

The total quantity of wheat and flour afloat for the United Kingdom is 2,084,000 quarters, and for the Continent 884,000 quarter. The American visible supply is 34,000,000 bushels.

. Bank of New Zealand shares, new issue, are quoted at £9los,

The market rate of discount for short-dated bills shows a'strong upward movement.

• Tiit Bank rate is now GJ per cent, and 5 per cent is tho rate for threo months' bills.

Mr G. H, Scales, of Wellington, forwards us the following Scales & Co., New Zealand produce report, 9 Fenchurch -street, London E.C., 15th November, 1881), Butter:—Our market has been dull all this month; owing to tho ooEtinued mild weather. Just now, we have had a few days colder, and there is some sign of improvement in yalues of all fine butter. No really good .Now Zealand has yet been offered, and prices are therefore quite nominal. We are hoping the goods ex : "Riumtaka" just arrived, may turn out of good quality and show good results. Dutch is to-day quoted at 96s to 112s-; Irish, 100s to UGs; Normandy, 104s to 120s. New Zea. land nominal, none offered, 00s to 100s ClieeßP, fine Canadian and American aro selling fnirly well, but other sorts »re in lest demand, We quote American and Canadian fine, 60s to 565; Dutch, 42s to 58s; Now.Zealand nominal 40s to 50a. Hemp, Melius been a little less activo partly owing to the continued difficulty iii obtaining delivery from the docks of ,the confusion caused, by the late strike. Manilla is in very small supply and prices firmer, New Zea. land superior soft bright clean £35 to £B6; fine to good medium, £27 to £80; common, £2O to 1(21.

Fatal Accident-

OiMARD, January 2,

A man named Thomas Powell' was killed on' the railway lino soar .Pukeuri, oil Wednesday afternoon. The body was found lying close, to the railway line with' tho head cut off. A train had passed along-tho line,- hut the driver said be did hot see anything on the line as he passed, The body .was found ona line that crossed tlie railway, and' it is possible that on account of the cattlo ,stops it would bo difficult for- any one to bo seen, ' The ; deceased was seen working along the road Dear tlie railway 'line in tho afternoon, Ha had ! formerly been iii ,We(linston. An inquest'was held, and a verdiofc of aobldental Jeatb wasrejwn'«l3,