TELEGRAPHIC

Evening Star, Issue 7343, 15 October 1887, Page 2

TELEGRAPHIC

AJSD FOREIGN. [».y Klkctrio Telegraph.— Copyright.] (RhUTRB'B TbLBGHAMB.] MONETARY AND COMMERCIAL. LONDON, October 13. (Received Ootober 15, 1887, at 1.85 am.) Consols remain at 102 J. New Zealand 4 per cent, inscribed stock is quoted at 99Jj. The market rate of discount has fallen | per cent., and is now § per cent, below the bank rate. The total reserve in notes and bullion in the Bank of England is L 11.300,000, being LIOO,OOO more than last week. The proportion of reserve to liabilities is 42 per cent., as against 39 last week. Breadstuff's and tallow are unchanged in value. AN ARMY SCANDAL IN FRANCE. PARIS, October 13. (Reaetved Ootober 14,1887. »t 10.40 p.m.) The charge of selling the military decorations preferred against General Caffarel, I Assistant-Secretary to the War Department, has been fully investigated by the Military Council, with the result that that officer has been called upon to retire. General Boulanger having asserted that the Government aimed at him in arraigning General Caffarel, M. Ferron (Minister for War) has ordered General Boulanger to explain the statement. THE MELBOURNE EXHIBITION. MADRID, October 13. Sir Vincent Barrington, accredited representative of the British Royal Commission for the Melbourne Exhibition, has arrived in this city, and was accorded a most favorable reception by Senor Moret, Minister for Foreign Affairs. In response to Sir V. Barrington's representations, Senor Moret promised to consider the question of the Philippine Islands participating in the Mel. bourne Exhibition. [Special to Press Association. 1 LONDON, October 13. (Received Ootober 14,1887, at 8 p.m.) Messrs Reid and Baird have sold to a syndicate the Monte Christo and Norton mineß at Cooktown for L 85.000. They have also registered the Queensport Brick and Tile Company, Brisbane, with a capital of L 20.000. The Land Company of Australasia will be placed privately with a capital of L 140.000. The directors are Colonel Thynne, Messrs Charles Machan, and Clement Lavenscroft. A coroner's jury have found eleven bailiffs and Captain Hamilton, a land agent, guilty of the murder of Kinßella, who was shot in the eviction riot in Wexford. It is expected that the Crown will enter a nolle prosequi in this and the Mitchellstown case. (Received Ootober 15,1887, at 1.30 a.m.) Many inquiries are being made as to the conditions on which farmers and others may settle on the Chaffey Brothers' estate. The estate comprises some 250,000 acres in the vicinity of the Murray, and has been granted to the Messrs Chaffey by the Victorian Government for irrigation purposes; the licensees on their part undertaking to expend L 300,000 in twenty years on irrigation works, agriculture, horticulture, and the establishment of a fruit preserving industry.