YESTERDAY’S CABLE NEWS.

Evening Star, Issue 7431, 28 January 1888, Page 1

YESTERDAY’S CABLE NEWS.

Home and Foreign. [By Electric Telegraph—Copyright. ] [Feb Press Association.] At the Antwerp wool sales prices were firmly maintained. Lord Augustus LoftusCbas been examined before the Court of Bankruptcy. He stated that the immediate cause of his insolvency was being compelled to expend large sums of money outside of his salary as Governor in entertaining the Governors of the Australian colonies and other notabilities during their visit to the Sydney Exhibition, There were also a large number of distinguished . gentlemen at the Sydney Conference, and in entertaining them he had spent a large sum. He explained that his private expenditure was small. The Land Company of Australasia has been floated, with a capital of upwards of LIBO,OOO. (Received January 28,1888, at 1.80 am.) The Bank rate of discount is 3 per cent. The weekly returns of the Bank of England published to-day show the total reserve fa notes and bullion to be L 14,070,000, and the proportion of reserve to liabilities 45 per cent. , The copper market is weak and prices are declining. Chilian is quoted at L 74. The total quantity of wheat and flour afloat for the United Kingdom is 1,360,000 quarters, and for the Continent 140,000 quarters. The arrivals of foreign flour are large, but the market has not improved. For new Australian crop, buyers are offering 33s 6d. The tallow market remains steady; 7,000 casks have arrived. Large quantities of Australian butter are , selling readily at 9Gs, but the market shows , a downward tendency.