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YESTERDAY'S CABLES.

Home and Foreign.

The weekly returns of the Bank of England published to-day show the reserve in notes and bullion to be L 13,644,000, being a decrease of L 100,000 as compared with last week. The proportion of the reserve to liabilities it 38 per cent. Consols are quoted at 98J. Market active. Australian wheat (ex store), 39s 6d, with the market firmer; New Zealand longberried (ex store), 383 6d. Sugar—German beet, 22s Cd. The market is weakening. No. 1 best Scotch pig iron, f.o.b. in the Clyde, is firm at 44a 9d. In the House of Commons Mr Fowler stated that there was very strong opposition on both sides of the House to the BUI giving responsible government to Western Australia. He asked what was the intention of the Government in the matter. Mr Smith replied that he would give an answer on Monday. The Queen will create the Earl of Fife a duke.

In the House of Lords the Trust Funds Bill was read a second time. Lord Knntsford said a departmental committee would be appointed to inquire whether trustees should be allowed to invest in colonial securities.

The International Labor Congress has approved of the proposal that eight hoars should be the maximum of a day's work, and have demanded international legislation on the subject. It is not Mr Edmund D. F. Fane, secretary of the British Embassy at Constantinople, who is supposed to have been captured by brigands on Mount Olympus, but Mr Malcolm Macmillan, son of the head of the firm of Macmillan and Co., publishers, of London. The leader of the Dervishes at Assouan, to whom Colonel Grenfell sent an order demanding his surrender, ridicules the offer, and states that his followers will fight to the end. The members of the Committee of tho Clan-na-Gael Society who were appointed to "remove" Dr Cronin have, on the solicitation of a Catholic priest, confessed. The priest then induced them to confess their guilt to the State Attorney at Chicago. In consequence of the disturbed state of Europe the Servian Government have decided to arm the whole of the male population.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890722.2.2

Bibliographic details

YESTERDAY'S CABLES., Issue 7965, 22 July 1889

Word Count
356

YESTERDAY'S CABLES. Issue 7965, 22 July 1889

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