LATE CABLES

Daily Telegraph (Napier), Issue 5661, 21 October 1889, Page 3

LATE CABLES

[per press association.— copyright.] (Received October 21, 11 ,»-ra-) N.Z. CONVERSION LOAN. London, October 19. Eighty per cent, of the N.Z. conversion loan will be payable on February 26th. It is expected to realise 97. LORD BERESFORD. It is believed Lord Charles Beresford, Who resigned his seat in the House of Commons" for Maryleborno in order to take command of a warship, will bo appointed to H.M.S. Undaunted, 12 guns. OBJECTIONABLE PLAY. The Turkish Ambassador at Paris has protested'■ officially against the revival of Voltaire's play " Mahomet " at the Theatre Francais. MOKE STRTKES. October 20. The Durham and Londonderry minors have struck for shorter hours. Fifteen thousand men have threatened to join the strikers. A USELESS WEAPON. The naval officers have reported that the Zalinski gun is useless for practical purposes in warfare owing to tho intricacy of its mechanism. THE MARKtiTS. Tho English wheat market is dopressed ; but the Continental is unchanged, while the American is declining. Colonial beans averago 38s. New Zealand hemp is quoted at from £29 16s to £30. Tho money market is dull owing to expected lar*fo gold arrivals. Three months bills arc discountable at 3§ percent, SHIPPING SHARES. Tho New Zealand Shipping Co.'a shares are itt £i 10s. Shaw, Sttvill, and Albion Co. at £9 is. New Zealand Union Steam Shipping Co. £14.