CABLE NEWS.

Daily Telegraph (Napier), Issue 7358, 6 May 1895, Page 3

CABLE NEWS.

[PUS PBK33 ASSOCIATION.—OOPTaiaHI.]

London, May 3. The Now Zealand loan averaged £94 8a od. Ono tender was foe £100 nt par. Bail hia been allowed in Oscar Wilde's case.

In the Honaa of Commons Mr S 0. Buxton, Parliamentary Secretary for tbe Colonial Ofliio, statod that the Government -would adhere to their determination to annex Umbegesj, and that the Transvaal hid no oauaa to complain, having , failed to osetoise their right to construct a railwayto the coast, whfoh hud now lapsed. The clow Zealand lean was not underwritten, the loa.il banks not receiving any of the money. Financiers beliavo that tho Bucsessful raising will rajuU in the reestablishing of colonial cr.idit, and congratulate tho Hon Mr Ward on the euocesa of the loan. The Tims asserts that syndicates induced tbo pubao to largely apply for oolonial stocks. A Viotorian wheat cargo, rx Wilhnm Tibie, has been sold ;»t 25s 7|rd. A South Au-tralian cargo, ex ILihueuwnu, was sold Tne Tim:s that the ".dvanco in the price oE wno.it \i to bo ascribed to the active spaoulation ol Gjrinin and American buyers based on tho advaraa crops in thesj counEgAt th 6 wool eaies there was only a medium eeleotion offered. Bidding, however, was keon, and prices remain unchanged. Mr Hutchison reports that the Viotorian Horticultural Liociety'B comignment of fruit ex Thermopylae haa failed. The applea and pears arrived in exoellont condition, but the major portion of t*>o consignment was epoilt. Victciiin raspberry pulp sold at £25 10s. , . . . . Butter, Australian choicest, ia moreasing in demand. The price quoted is 80s. The Tim'.s correspondent confirms the Tientsin report that tho Chinese Emptror has ratified the peaco treaty. May 4. The Financial Times declares that the Buooesa of tha New Zealand loan was due to the well-grounded balief tint Ih6 finances of Now Zealand are improvicg. Tbe Times states that some good judges consider the financial position of the colony docs not justify the premium of 4J per cent. Mr Ward beSievea that it is aavisiblo that tho Australian colonies thould issue future loans at 3 Ber cent, acd is arranging tooouvert all New'ZeaUnd stocks into 3 per cents as near as possible. Me Ward will ioitiate the operation boforo returning to Wellington, t&> process to be extended gradually aa the nrioes of stock justify it. This will result in a lars'o saving. The leading finanoieis assure Mr Ward that the conversion scheme ■would be well received, tha market being convenient for both dealers and investors, and it is advisable that the Australian Governments should take similar action, though ono federal stock would be tha bast of all. The New Plymouth bondholders have requa&ted Mr Ward to agree to refer to arbitration tha question aa to the rights of holders to regain tho original land endowment, and H,ro dissatisfied with his offer to refer the matter to tha Government. Tho bondholders ato pressing their claims "iherlia said to be strong fibtion in tho Cabinet owiug to the of the Exchequer pressing his Local Veto Bill, and this is belioved to explain b;r W. V. Haroourt'a implied c.-rty retirement from Tba Dxify News denies that Lord Kosebery retirjs'from the i-remierdhip. i.'ir M. Gicy, replying to a question in the Houboof Commons, said tho convention to settle tho terms of arbitration with regard to tho seizure of the barqua Oosta Eioa Packet and tho imprisonment of Captain Carpenter will shortly be signed. Oeoar Witdo was admitted to bail, himeslf in £2500 cad two euretiea of £1250 each. . ...,.!_ New Zealand 4 per cent stock ia quoted 112 J. 1 May o. The limes , correspondent states that the Emperor oi China ratified the terms of peace on Thursday last. _ The Japanese Minister ia Pans deolares that there is no intention to quarrel with the Great Pqvrew. Japan merely desires to aecura a guarantee for tho pajmsnt of tha indemnity. Calcutta. May 3. Tho Afghans are willing .to surrender Umr,i Khan to the British when desired, and it ia expected tbia will bo done shortly. Vienna, May 5.

Count Kilnoby has resigned owing to M. Baffyn, the Hungarian Premier, having prematurely stated that the former had proteoted to the Italian Government against the action of tho Papal Nuncio in Vienna fostering olericol agitation against the Hungarian Government. Washington, May 5.

I?y acyebne at Sioux Fall 62 people were killed. In soma instances children were oiwied half a mile by force of the mnd. Ottawa, May 5. Tha .Canadian deficit amounts to four and a half million duliare. Tho Government proposes a c»uty ot halt a cent per pound en raw sugar. Shanghai, May 6.

Aβ a precaution against invasion the Chinese Uovetnment havo cut tha embankmen! of the ri«sr near Pekin, and miles of country are fl aaded. Hundreds of people were drowned, The EuEsian squadron has left Japanese waters under sealed orders, Newcastle, May 5.

A letter haa teen received from a leading Ban Francisco coal importer, stating that English anthracite coal is entering into very fctrong competition with tho Australian article, and is already cutting down pnoea. The letter adds that if the importation continues, Australian coal will Boon be knocked out of tho market. Sydney, May 6. Upwards of thirty Victorian farmers have settled in theUoolgardiedistriot, and 50,000 acrea have baen taken up. Others are arriving in the Walla Walla distriot every week, and tho dealing of new lands ti progressing rapidly. The Bteiwcr Exiles, from the Solom"n Islands, picked up three Frenchmen at Marua Oouoci. Thoy fcUted thoy had been driven from Vila harbor during a gale while fish'Dg, and were twenty-two days in an open boat, end uedured terribla sufferings bbfore they reaohed Marua. They refused a passage to £ydney, preferring to romain at tho i:olomona. Melboxjekb, May 5. The Otntral Broken Hill Company has purchased tha Broken 3UI Extended mine. iSxtentive deep tiulting has so far failed to diecover a bdo oa the properly. The purohasing ptico ia Raid to be under £1600 1-7o frsco has beon found of Dooley, who murdered hifl wifH find mothor-ia-law. A report, who-. , , is not confiriaod, says that he committed suioHo by jumping overboard from a harbor tteamcr.