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LATEST FROM EUROPE.

[per reuteb’s agency.] Monetary and CommercialLondon, Nov. 3, Consols have advanced to The Bank rate of discount remains at 5, and the market rate at 4 per cent. The total reserve in notes and bullion in the Bank of England is Li 0,200,000. New Zealand securities, 5 per cent.; 10-40 Loan, Loan, XO2 (ex dividend); a, x /i per cent. 1879-1904 Loan, Adelaide and New Zealand breadstuff's and Australian tallow are without quotable change in price. Best Scotch pig iron, No. 1, free on board in the Clyde, has declined is per ton, and is to-day quoted at 51s. Best sides of Australian leather have suffered a decline, and are now quoted at nd.

London, Nov. 4. Consols have advanced to 99 fa. New Zealand securities are unchanged. Adelaide wheat, ex warehouse, remains at 575 ; New Zealand wheat at 545. The total quantity of wheat afloat for Great Britain is 2,760,000 quarters. Adelaide flour, ex store, 425. Australian tallow —best beef, 38s ; best mutton, 41s.

Loss of a Wheat Ship. London, Nov, 3.

As the barque Craig Ard, from Lyttelton, was proceeding from London to Hull with 10,816 bags of wheat on board, she came into collision with a steamer off Grimsby. The Craig Ard sank in a short time, having been seriously damaged. All on board were saved. It is not known what damage was sustained by the steamer. The Irish Land Court.

Several decisions lately given by the Irish Land Sub-Commission, sitting at Belfast, have been favorable to tenants, and have, in many cases, had the effect of largely reducing the present rack rents payable by them on various estates.

The Commercial Treaties. London, Nov. 4.

The negotiations which have been proceeding during the last few weeks between the French and Italian Governments have resulted in the conclusion of a commercial treaty between the two countries which was to-day

duly signed by the delegates appointed to carry on the negotiations. A semi-official statement has been published, to the effect that notwithstanding the suspension of the deliberations which were proceeding between the English and French Treaty Commissioners, it is hoped an exchange of diplomatic communications between the Governments of the two countries may yet result in bringing about a settlement of the point still in dispute. The statement adds that the great cordiality which prevailed between the British and French delegates during the progress of the recent negotiations affords grounds for the belief that a definite settlement of the Anglo-French commercial relations may be come to at an early date. What the “ Times ” says.

The Times to-day publishes a leading article upon the present aspect of the Anglo-French Treaty negotiations, in the course of which it is stated that the difficulty which exists still relates principally to the proposal of the French Government to levy specific duties upon British woollen and cotton manufactures. The French Ministry. Paris, Nov. 4. On the meeting of the Chamber of Deputies to-day M. Ferry, President of the Council, informed the Chamber that Ministers deferred for the present tendering their resignations, preferring to meet the proposed vote of censure on their policy in Tunis. French Gravy. Paris, Nov. 5. Telegrams are to hand from Algiers announcing that M. Albert Grevy has resigned the Governor-Generalship of Algeria. Extended. Vienna, Nov. 5. The Austrian Government has decided to extend the period of service of the army now in occupation of Bosnia. Bismarck on the Progressists. Berlin, Nov. 5. Prince Bismarck has written a letter, in which he urges the German people to combat the plottings o f the Progressists, whom he characterises as enemies The Reichstag, of the Emperor and the Empire. The newly elected German Reichstag will meet for the desptatch of business on ryth inst. Lome Goes Home. Ottawa, Nov. 5. His Excellency the Marquis of Lome has left Canada on a journey to England, and embarked to-day at New York.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18811107.2.11.1

Bibliographic details

LATEST FROM EUROPE., Ashburton Guardian, Volume III, Issue 495, 7 November 1881

Word Count
650

LATEST FROM EUROPE. Ashburton Guardian, Volume III, Issue 495, 7 November 1881

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