SPECIAL TELEGRAMS

Waikato Times, Volume II, Issue 91, 28 November 1872, Page 2

SPECIAL TELEGRAMS

TO THE "WAIKATO TIME S." LATEST ENGLISH NEWS. TELEGRAPH BANQUET. 25,000 BALES OP WOOL BURNT AT BOSTON. PRINCESS BEATRICE TO MARRY MARQUIS STAFFORD'S SON. RUMOURED RESIGNATION OP GLADSTONE. AUCKLAND W T OOL AND FLAX SALES. Hokitika, Wednesday, 7 30 p.m. The Albion has arrived. She brings telegraphic intelligence from London to the 16th instant. Pour hundred navvies have sailed for New Zealand. A rise of ten per cent in wool has been established at New York.

The Otago Southland Investment Company has declared a dividend of 10 per cent. Twenty-five thousand bales of wool have been destroyed by fire at Boston. The Port Darwin telegraph line has been interrupted since the 18th. It is rumoured that Sir James Ferguson will shortly be married. A private telegram dated the 16th, announces the resignation of Mr Gladstone, and that the Bank rate has been raised to 10 per cent. The news is discredited. Tallow and hemp are quiet. Wool sales were to commence on the 21st November. The arrivals amount to 6000 bales. The burning of 25,000 bales part of which was Australian is expected to give an upward tendency to prices. The Europa, bound from Sydney to St John's, was totally wrecked on the 16th. Penshalf colliery has been flooded. Twenty-two miners lost thoir lives. The trial of the Tichborne Claimant will probably be adjourned to hilary term. Several inundations have taken place in North Germany. At the telegraphic banquet Gladstone sent a characteristic message congratulating the mother country and the colonics on the successful completion of the cable. He warmly expressed the opinion that it would further the attachment the latter had always felt towards the parent country. Earl Kimberley said the telegraph wire did more to cement friendly union between the colonies and the Empire than any political or other movement of the age. The messages occupied only a short time in transmission, and were read amidst loud cheers. Duthie, the Agent-General of South Australia, received a perfect ovation. Lord Monck intimated the possibility of the cable rates being reduced at no distant date. Francis McGuire, M.P. for Cork, is dead. It is rumoured that the Princess Beatrice, the youngest daughter of the Queen, is to be married to the Marquis of Stafford's eldest son. Auckland, "Wednesday, 7.30 p.m. A wool sale was held to-day ; 800 bales were ottered. The highest price realised was Is 9d ; a portion was bought in at Is lOd. J. Roberton and Co. purchased 12,0001b on foreign account. Six hundred bales flax realised £19 to £26. The bidding was animated. The Board has rescinded the quarantine restrictions on the mail steamers.