NEWS BY CABLE.

Hawke's Bay Herald, Volume XXI, Issue 5392, 27 May 1879, Page 2

NEWS BY CABLE.

■ [9PBOIAL T ( OVIH?'MELBptrBNE AfiGpS."] .'•'. : , ; " "''\ ' . .. ■ '. ' ' LONDON, 'May 24. Money sis easier. .. The Bank, rate of discount is 2 per cent. The reserve is slightly increased. •' '■ ;■ .-;;,,.; The stock m arket is inactive, and colonial debentures: are unaltered. ■"■'} •;:./,, Eonald's wctol circular states 'that the market is stronger than was expected. "Wool suitable 'for France,, including ; the lower qualities of merinos,', is lower than the last sYsries. All sorts, including crossbreds, suiti ible for the English frad?, are £d higher. . '"",': \.- -■ [special to the press- association.] MEtBOIJRNE, May-26. A Foo Chow telegram states that the tea, men are asking high prices for the new season's teas, (Exporters Have agreed not to open the "season until, June . 2nd, three weeks.later than last year. , ,; , A■ ; heavy . creditor' intends to try to secure the compulsory winding up of the Provinoial Bank. ■ ' v ; ••■- . ' SYDNEY, May 26.' ;'• Sleigh, a buahranger, has been captured by the policed J ; Adelaide, wheat is worth 5s lid there* Adelaide town flour is worth £10178 6d there. ; The New Zealand Loan ' and f Mercantile Agency report, under date London, May 21st :— The wool .sales are . progrea- ; •ing ; prices are firmer,, and competition between 1 Home and foreign buyers is ' active; Up to date 105j000 bales have' been. sold. , The wheat rnarketia qniet ; ! Adelaide is worth 48s ; and* New Zealand. 45s per .quarter. Tallpwia flat, and there; is no . speculative demand; town melted i is cheap. There are heavy arrivals from j Norfch. Afrioan mutton tallow is 345, ; and 'beef f 323 • par owt. 'Leather, best' aides, 9|d. ... '•' j [RBUTEfI'S TBLB.aRA.MS. | OALODTTA, May 23. i ''Negotiations with Yakoob KhahUßtillj contintiey but as yefc the Indian^ 1 -Grbvern- j ment'have failed^to'come to a settlement' on certain 1 details regarding the ' peace; proposals, but the principal points ' have; been agreed to. . ; LONDON, May 23, , New Zealand wheat, 47s 6d to 48s 6d ; mutton tallow, 33s 6d. MELBOURNE, May 26. Baron Von Mueller, the Government; botanist, > haa been created a: Knight of tl>e Order of St. Michael and Sk George. ( ! ADELAIDE; May 26. ' The races have been postponed. : [SPBCIAL'TO THE ' MELBOURNE " AGE."J | -.. . , ; . ' L9NDON, May 24. ; An insurgent ,, rising is. reported in seven of the Turkish provinces interested in the rectification of the Greek frontier. :••<'".•■ At Thessaly the insurgents met the Turkish troops, and were victorious* ■■- The latter loat 450 men. The free-traders of Germany and elsewhere are getting up an agitation against Bismarck's proposals to increase the tax imposed upon wool. • (Received at 3 o'clock this morning.) [RETJTER'S TELEGRAMS."] LONDON, May 24. The Times in a leading article,, announces that England guarantees the Ameer' of Afghansitan a large annual sum, contingent on his strict execution of the treaty entered into with him. Cape Town news to May 8, states thai the British, advance takes place in a few days. Colonel Wood commences offensive I operations directly. Lord Chelmaford has arrived at Kaimbula. General Ward is created Knight Commander of St. Michael and St. George. Colonel Scratchley, Christopher Eolleston, Patrick Jennings, George Bentham, Edward Richardson, and Wm. Larnach .• •.;..,.,■.-• -^ i

are oreatjed; Ooinpanions^of tHe same Order. ;■/;.. •.',,,. --^ / piLBOUIHSrMkay26. r, W\ c<?mpulsorj' winding |up. of the ±Tpyincialv and Suburban Balk i is probable.! ; % .\.'-, . [ w\-j; M->:.'. /