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|jpER REUTER’S AGENCY.] An Unprofitable Transaction. London, Dec. 19. intelligence is to hand from Africa that a false prophet, who had collected 2,600 Negro fanatics in the Soudan, has massacred 300 Egyptian troops. Home Letters. The homeward mails via Suez and Brindisi, which left Melbourne on Nov. 8, were delivered here to-day. Money and the Markets. Consols have declined }4, and are quoted to-day at New Zealand securities are unchanged at the following quotations :—Five per Cent. 10-40 Loan, 105 ; Five per Cent. 1889 Loan, 104 ; Four and a Half pet Cent. 1879-1904 Loan, iois4. Adelaide wheat, ex warehouse, remains at 565; New Zealand ditto, 52s ; Adelaide flour, ex store, 41s 6d. Australian tallow—best beef, 39s 6d ; best mutton, 445. London, Dec. 20. Consols have further declined to-day to Colonial breadstuffs are without quotable change. New Zealand securities, 5 per Cent. 10.40 Loan, have declined to 104; 5 per Cent., 1889 Loan, is unchanged at 104 ; and 4per Cent., 1879-1904 Loan, is at Best Scotch pig iron, No. 1. f.o.b in Clyde, has declined to 535. The Storm Continues. A very severe storm continues to rage over the greater part ot England. The gale has been blowing for the past two days; and has caused further serious destruction of property in many places. Correction. Yesterday’s telegram London, Dec. 19, should read :—lntelligence is to hand that a false prophet who had collected 2,600 negro fanatics in the Soudan, has massacred 300 of the Egyptian troops. Disastrous Result of a Polar Expedition New York, Dec. 20. Intelligence has been received here regarding the Arctic exploring ship Jeanette. News to hand is to the effect that she was crushed by the ice in June last, and was abandoned, the officers and crew taking to the boats. One boat load was rescued by the natives on the Siberian coast, and then forwarded on to Irkustak, in Siberia. Another boat reached the mouth of the Lena, and its crew were suffering fearfully. The other boat is missing, and it is feared all who were on board have perished. The Sultan Consents. Constantinople, Dec. 20. The Sultan has issued an order sanctioning the settlement arrived at between the Turkish commission and the bondholders’ delegates regarding the payment of the Ottoman debt.

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Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume III, Issue 515, 22 December 1881

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LATEST FROM EUROPE. Ashburton Guardian, Volume III, Issue 515, 22 December 1881