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LATEST FROM EUROPE[per eeuter’s agency.] A Fall in Sugar. London, July 8. Reaction has set in in the sugar market, and prices are now experiencing a decidedly downward tendency. A Grand Review. A grand review of volunteers will be held before the Queen, at Windsor, next month. It is expected that fully 56,00 c men will be under arms on the occasion.

Monetary and Commercial. London, July 8. Consols unchanged at ioo)4 ; New Zealand 5 per cent. 10.40 Loan, New Zealand 5 per cent. i 88« Loan, 105 ; 4j4 per cent., 18791904 Loan, 103. Adelaide wheat, ex warehouse, 49s ; New Zealand, ex ship, 48s. Adelaide flour, ex warehouse, 345, The total quantity of wheat afloat for Great Britain, at this date, is 1,940,000 quarters. Australian tallow, best beef, 35s 6d; best mutton, 375. The Irish Land BiH. In the House of Commons to-day, the consideration of the Irish Land Bill in committee was proceeded with, and farther progress was made with the measure. Clause 12 was, after discussion, postponed, but clauses 13 to 24 were finally passed without amendment. The President’s Health. Washington, July 9. The latest bulletin issued to-day reports that President Garfield continues to make steady progress towards recovery.

The Bombardment of Tunis. Paris, July 6. Telegrams are to hand from Tunis announcing that the bombardment of Sfax by the French war vessels has resulted in the partial destruction of the town. The Arabs are, however, still gathered in force in the neighborhood, and continue to show a determination to resist the French authorities, and a rebellious feeling is shown throughout the Kairwaun district. International Monetary Conference. Paris, July 8. The International Monetary Conference, which opened its sittings here on the 19th April last, and has sat on various occasions since that date, has

now broken up without any definite decision having been arrived at on the subject of a universal adoption of bimetallism. The Conference will, however, meet again in April next year, and in the meantime the various Governments will be requested to open diplomatic correspondence on the question for the consideration of which the Conference assembled. Italian Government Loan. Rome, July 8.

It is announced that the English financial houses. Baring Bros, and C. and J. Hambro and Co., have contracted with the Italian Government for a new loan, the amount of which has not however transpired. It will be issued next week, and upon conditions which will obviate the present monetary stringency now felt in Italy.


[per rboter’s agency.] The New Ministry.

Melbourne, July 9. Sir Bryan O’Loughlen to-day submitted the following list of the new Ministry to His Excellency the Governor ;—Sir Bryan O’Loughlen, Premier, Colonial Treasurer, and AttorneyGeneral ; Mr J. M. Grant, Chief Secretary and Minister of Education ; Mr D. Gaunson, Minister of Lands ; Mr H. Bolton, Postmaster General; Mr T. Bent, Commissioner of Railways; Mr Young, Minister of Mines; Mr J. H. Greaves, Solicitor and Commissioner of Trade and Customs; Hon. J. S. Dobson, Minister of Justice. The portfolio of Works is still unfilled. The new Ministry were duly sworn in to-day. The Royal Princes. The vessels composing the detached squadron, except the Bacchante, sailed yesterday for Sydney. After a short stay there, they will proceed to Auckland. The Royal Princes are now sailing in the Inconstant. Small-pox. Sydney, July 9. Another case of small-pcx in the city has been reported to the authorities to-day. The sufferer is Edward Vertch, a native of Germany. Schooner Sophia. The schooner Sophia, from the South Sea Islands, went ashore at the Heads this morning before daylight. All hands were saved from the wreck.

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CABLE NEWS., Ashburton Guardian, Volume 2, Issue 392, 11 July 1881

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CABLE NEWS. Ashburton Guardian, Volume 2, Issue 392, 11 July 1881

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