ARRIVAL OF THE ENGLISH MAIL AT THE BLUFF.

Lyttelton Times, Volume XXVI, Issue 1823, 20 October 1866, Page 2

ARRIVAL OF THE ENGLISH MAIL AT THE BLUFF.

EUROPEAN WAR ENDED. GREAT REFORM MEETING- AT BIRMINGHAM. RECOVERY OF THE. OLD ATLANTIC CABLE. ' CHOLERA SUBSIDING. [From the Timaru Herald Extra, Oct. 17.] Bluff, 8. a.m. The s.s. Albion arrived thia morning at 8 a.m., with the English mail. Passengers for Ofcago Messrs. Hart, Bain, Isaac, Heyrnanson (2), Stock, Gunn, Buller, Lawler, Belfield, Bailey, Koworfch, Stewart, Murray, Thompson, Mcintosh. For Lyttelton Mr. Gelt. GENERAL SUMMARY. The Queen continues in good health. Parliament is prorogued. The Derby Ministry is still in power. The Crown Princess df Prussia is seriously ill. A banquet has been given to Eyre, the ei- Governor of Jamaica. At Exeter Hall the people gave a counterbanquet, proclaiming Eyre as a murderer. Cholera is abating in London. The British Government have released the American Fenian prisoners, but they are not to return, Serious riots have taken place in Tipperary. Scientific men state that the successful operation of the Atlantic cable will not be of long duration. Goodwood Stakes Rama, first; Special, second. The Cup—Duke, first; Journalist, second. The consecration of two Colonial Bishops took place at Canterbury Cathedral on the 2nd August. Revo•rends Dr. Andrew Suter for Nelson, and Henry Jenner for Dunedin. The Reverend Samuel Wadlow, titular Bishop of Grafton and Armidale, was prevented from appearing at the ceremony by illuess. A treaty of peace between Austria and Prussia was signed on the 24th August, at Prague, -in accordance with the basis laid down by the Nakaloburg preliminaries, and it now only waits for general ratification. Its main features are the retirement of Austria from exercising influence over Germany, the payment of a war indemnity of twenty million thalers, the dissolution of the old, and the formation of a new Confederation of the northern Germanic States under the leadership of Prussia; also, the Electorate of Hanover, and the Duchies of

Hesse, Nassau, Frankfort, and the Elbe to be annexed to Prussia. Austria to cede Venetiato the Emperor of the French, who is to hold it for Italy, Austria only stipulating that Italy shall pay a portion of the Lombardian and Venetian debt. Great agitation in Austria owing to the suspension of hostilities. The Emperor has been iusulted in the streets. Martial law has been proclaimed in lower Austria. AMERICA. [bt atiantio telegeaml] Aug. 23. Gold, 150£. Exchange on London, 160f. Cotton middling, upland, 34 cents. Cholera in New York is abating, but raging fearfully through the West and South. LATEST SPECIAL TELEGRAMS. London, Sept. 8. Great Reform demonstration has taken place at Brookfields in Birmingham, 20,000 persons present. Mr. Bright denounced the Tory Ministry. Government recommended general reform organisation. (?) Chief Justice Cockburn refused to re-appoint Mr. Bealea, the leader of the reform league and a rising barrister. Last year's Atlantic cable has been recovered and spliced. M. Drouyn de Lhuys, French Minister for Foreign Affairs, has resigned. Napoleon anticipates an era of tranquillity.

Peace lias been ratified between Austria and Prussia, and an indemnity bill has been passed in the Prussian Chambers.

_ President Johnson has been enthusiastically received in New York. At the opening of the wool sales, prices have been fully maintained. The cholera in England is subsiding. The demobilization of the Prussian army commences on the 7th Sept. Bank rate of discount five per cent. Sept. 11. _ An Imperial decree has been published in Vienna, ordering the reduction of the army and navy to a peace footing. The difficulties between the United States and Mexico are increasing. France and Austria have signed a treaty regarding the transfer of Venetia to French Commissioners, who have to arrangp the transfer. The Venetian population are to choose their deputies by universal suffrage. Napoleon has written to Victor Emanuel, stating that it was always his intention that Italy should be free from the Alps to the Adriatic, and mistress of her own destinies. President Johnson has restored Texas to the Union, and expressed his determination to maintain his previous policy. The Liverpool and Manchester cotton markets quiet. The stock of cotton at Liverpool, on the 31st of August, was 880,600 bales. The Bank of England returns for week ending 6fch September show the following results as compared with the previous account. Increase of reserve in notes, £43,000; increase of bullion, £363,000; decrease in bills discounted, £712,000. Pair Dhollera cotton, 9d. Shipping departures for New Zealand : William Davy, Sunbeam, Leonard, Wild Duck, Chile, and Strathallan. For Adelaide—City of Adelaide, Arab Seed, Clodien, and Orient. COMMEKCIAL. Londoh, August 27. Bank discount was reduced on the 16th August to 8 per cent., and on the 23rd to 7 per cent. It is reported that the Continental Banks intend reducing their quotations for general accommodation. The supply of money is large in the English market, and is increasing. There is a prospect of a splendid harvest, and there being no commercial disasters of importance, causes a strong feeling of confidence. Consols for mouev, 88f; account, 89. The alteration in the rate of discount has caused a great improvement iu the produce markets, and assists liquidations of outstanding engage, ments. In India and China, trade is most satisfactory. The Preston Bank has resumed business under favourable circumstances. Steps have been taken for the resuscitation of the Agra and Malerman's Bank. Holders of land grants in the northern territory of South Australia have been advised by Council to demand the return of the purchase money. Messrs. Eomanger and Garrse, merchants, have failed; liabilities'. £200,000. . Theliabilitiesof Overend and Gurney, of eighteen millions, have been reduced by the liquidators to five millions. Failures.—Younghusband and Co., of Australia, reported of no connection with the Adelaide firm of the same name; David Low, engineer, Glasgow, £232,000; Edward Tiertnan, in the tea trade, London, for £40,000; Hopwood and Son, Manchester, £70,000. Colonial Government securities.— New South Wales. In July no quotations. New Zealand securities, ninety-three to ninety-five. Wool Mabkbt.-Tlic August sales commenced on the 16th. Total number of bales catalogued, 133,339. The opening sale whs well attended by home buyers. Prices were equal to the average of the May and June sales. There were liberal buyers of all descriptions for the home trade. The reduction in the bank rate of discount created a firm market. The stock on hand is expected to sell fairly at present quotations. Tallow moderate. Business firm. Oil.—Linseed in demand, has reached 41s; rape and cocoa-nut are dearer; olive steady; colonial sperm, £130; pale seal, £45; cod, £4B per tun. Spirits—Jamaica rum is dearer. Brandy in demand. Prices are un-

changed. British spirits 12s per gallon. "Wines.—There is little business. Sugar.—ln good demand, at 6d to Is advance. Mauritius, fine brown, 38s; fine crystalized, 38s. Refined sugar, full prices. Treacle 16s. Coffee.—Heavy. Sales of Ceylon at 3s] higher. Floating cargoes in demand. Eice —ln demand, at an advance of 3d to Gd for the Continent. The expectations of the corn harvest are promising.—White wheat sold at 55s to 60s; red, 50 to 555; barley and oats remain as before. Exports to Australia, ei Stables Circular of the 15th August, show an increase for July compared with the previous months as follows :—To Victoria, increase £5,869 ; Sydney, increase £30,129 ; Adelaide, increase €24,927 ; Tasmania, increase £17,920 New Zealand and Queensland, decrease of £13,330.