TELEGRAPHIC
HOME AND FOREIGN.
[By Electric T*:le«rapji—Copyright.] [Reuteb's Telegrams.] MONETARY AND COMMERCIAL. LONDON, May 27. (Received May 29, 1885, at 1 am.) Consols have advanced LI, and are now quoted at par. New Zealand securities are steady at previous quotations. The market rate of discount has been reduced by J, and is now ljj below Bank rate. Adelaide wheat (ex store), DCs ; New Zealand wheat (ex store), 30s to Ms ; Adelaide flour (ex store), 275. Australian tallow of fair average quality —beef, 30s ; mutton, 325. Bides unaltered. LONDON, May 28. (Received May 2!), 1885, at 1.16 p.m.) The directors of the Bank of England today resolved to reduce the Bank rate from 2i to 2 per cent. THE BRENNAN TORPEDO. LONDON, May 28. It is announced that the Admiralty have definitely adopted the Brennan torpedo.
COLONIAL DEFENCE. LONDON, May 28
An important Conference was held at the Admiralty yesterday between the colonial Agents-General and Admiral Sir Cooper Key, Senior Naval Lord, on the subject of colonial defences.
COLONIAL DEFENCES. LONDON, May 28. The wmferenco which was held on Wednesday between the colonial Agents-General and the Senior Naval Lord of the Admiralty was merely to ascertain how many torpedoes would bo required for the defence schome of each colony.
f' Argus ' Sbkcial to Press Association.]
LONDON, May 28, (Received May 29, 1885, at 11 a.m.)
The several Agents-General and Sir Charles Tupper, High Commissioner for Canada, are urging upon the Government the exemption of colonial securities from stamp duty. The Colonial Institute are also urging upon the Government the necessity of granting more favorable concessions in regarl to the importation of colonial wines. Captain Brennan, of Victoria, the inventor of the torpedo bearing his name, has received a large amount from the English Government for his patent rights.
(Keoeived May 29,1885, at 12.15 p.m.)
The race for the Manchester Cup was run to-day, and resulted in a win for Mr J. Jardiuo's oh c Borneo, Xema being second, and Cromaboo third.
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Bibliographic details
Evening Star, Issue 6914, 29 May 1885, Page 2
Word Count
330TELEGRAPHIC Evening Star, Issue 6914, 29 May 1885, Page 2
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