CABLE NEWS.

Grey River Argus, Volume XXXIX, Issue 6985, 10 February 1891, Page 2

CABLE NEWS.

By Electric Telegraph— Copyright.

j (per press association.)

(Received February 8, at 6 p m.) London, Febararyß. The principal clauses in the oable agreement have been cabled to Australia for submission to the Postal Conference which meets in Sydney on the 20th inst. Parnell claims the right to the nomination of a majority of candidates in Ireland at the general election. Over fifty of the followers of Mr Gladstone who are dissatisfied with Mr Parnell fear that the latter's retirement is a subterfuge and will be only temporary. The Pall Mall Gazette commends the action taken by Mr A. H. Champion, Eagllah. Labor Advocate, during the recent strike in the colonies, and declares that events have justified the statements made by him regarding it. The Economist believes that the South Australian loan failed because the underwriters were not sufficiently tempted, and states it will be unfortunate if tne other colonies are forced to yield to the underwriter's demands. The same paper con- j slders that if the Victorian loan is issued f shortly the loan agents will be unable to 1 place it within four and perhaps five per cent of the loan of two years ago. The Economist further considers that the internal issue of a loan on land sales is worth consideration, and It is advisable to abolish the minimum system. It is imprc bable that an appeal will be made against the decision of Judge North, who ruled that the dock committee had a right

to compel shipowners to discharge their own vessels, and the latter will now make arrangements'with the committee for the discharge of the vessels on the best; terms possible. The Peninsular Company have already begun negotiations with the dock committee. Freights by steam cargo boats to New Zealand average 7s 6d per ton above those by sailing vessels, and the rate is meeting with a good deal of objection at the hands of shippers. - Three thousand coal heavers are idle at Cardiff, and they have asked the railway men to boycott goods carried for > the Shipping Federation. Two thousand dock laborers have offered to heir* the Shipping Federation in loading and discharging their vessels. ' - < James Learoyd and Sons, woollen manufacturers of Huddersfield, have suspended payment. The liabilities 5 of the firm are stated to be L 70.000; Two other firms are mentioned as in financial difficulties. Pekin, February 7. Terrible floods have been experienced in several districts in China, and thoussnds of people have been drowned China is about to issue a seven million <% per cent loan with a minimum 95. Berne, February 7. By an avalanche, in the*™ Canton of Glaruse, 26 persons were killed. Pari^, February 7. The French Tariff Committee has deoided to admit all gums into Franoe free of taxation. The Budget committee which last month proposed a surtax of seven francs on Colonial slSjar have now reduced it to three francs. ■, Valparaiso, February 7. The port of Iquique has been blockaded by insurgents, and the town will probably be bombarded. . Washington, F^rnary 7. In the Senate, a resolutlbhijattacking the Free Coinage Supply Bill ruled ou bof order. The bill was only curled on a narrow majority, and the general Impression is that free coinage will be smothered. (Received ' February 9, at: 10 30 a m.) Rome, February 8. Slgnor Rudine ■ has- form'ea. an interim Government, and will take steps to\ effect a reduction of the exoendltare. Venice, February 8. Baron Hlrsch ha'a glvea twelve million francs (L 480.000) to promote Hebrew immigration to America. London, February 8. The seamen, firemen, and other Unions at Hull, refuse t to work with free laborers. . . ■ . Valparaiso, February 8. Owing to the scarcity of libor, in consequence of ihe civil war, the Chilian harvest has been lost.