AUSTRALIA.

Globe, Volume XXI, Issue 1653, 7 June 1879, Page 2

AUSTRALIA.

[betttee's telegbams.T THE ZULU WAR" MELBOURNE, June 5. The Aconcagua brings news from Cape Town te the 18th May. Cetewayo has made fresh overtures of peace, and sent an envoy to Colonel Clark, the officer in command at Fort Chelmsford. On hearing this General Crealock, commanding the district, dispatched an envoy to ascertain if the proposals were honorable. SYDNEY, June 6. Hennessy's brandy, case, 33s 3d; quarter cask, 9s ; kerosene, Is 7£d; rice, £2l; New Zealand wheat, 4s 9d; oats, 2s Gd to 2s 9d; tobacco, Is 7d; candles, B£d offered. There is no alteration in sugar. ADELAIDE, June 6. Flour, £lO 10s to £ll 10s; wheat, 5s 2d. Arrived —Aconcagua. MELBOURNE, June 6. There is no excitement to-day, and it is believed the crisis has passed. The action of the Associated Banks created confidence. Intense excitement prevailed yesterday in the provincial towns. The shareholders of the Australian and European Bank have resolved to call up a pound a share, in order to enable the Bank to re-open on a restricted scale. An early meeting of depositors will be held. The directors are arranging for a settlement of the claims on the Bank, and will probably re-open soon, most of the branches being discontinued. Confidence is manifested in the directors. The National Reform League propose a monster bazaar, to raise funds for the acclimatisation of Californian salmon, the English salmon having proved a failure. Victoria has been requested to send vaccine matter to Fiji, a sheep with small-pox on board having arrived at the Islands. At present tho disease is confined to tho ship.

The City of Melbourne Bank paid thirty thousand sovereigns from its own resources on Thursday. The Australian and European Bank will ro-opon if depositors continue their support.

Mr McGregor, the Government whip, is insolvent.