ENGLAND.

Hawke's Bay Herald, Volume XXII, Issue 7620, 18 December 1886, Page 2

ENGLAND.

(Received December 17, 12.40 p.m.) . ■. London, December 16. The Bank of. England has raised its rate of .discount to 5 percent. It is, expected that there •will be large with- , drawals of gold for' North America, owing to a panic on the New York Stock Exchange yesterday. : (Received Decombor 17, 2.30 p.m.) '• The wool sales closed to-day. During ! the series 100,000 bales were sold, and j 32,000 bales held over. . The various de- , scriptions experienced --the following do- i cline in prices :— Australian greasy, Hd • lower ; Australian scemjed, 3d lower; . j Port Phillip and Sydney fine to finest . greasy mill scoured -wools, 2Ad lower; ] inferior qualities, 3Jrl lower ; greasy j crossbred, about Id lower ; scoured - crossbred, 2d to, 2id lo.wei;, The fust j series of. n,Bi;t year's sales will, open on j January 25th, The pvolmble quantity to ] 1)6 offered').? 210,000 bales. 1 Consols are quoted to-day at 1.001, a, ] decline of J. ' j The market rate of discount is at 4J per. , cent., or J per cent, below the bank rate., i The tolal reserve in notes and bullion 1 in the Bank of England is £11,000,000, A a decrease of £100,000 during the week. The proportion of the reserve to the liabilities is 43 per cent. . New Zealand securities, colonial bread- t stud's, and tallow remain at last quota- t tions. . , £ (Received December 17, i 1.5 p.m. ' f A conference of tho Agents-General took c place to-day. Thejaubjcctunder discussion -v was with regard to the New Hebrides and; t New Guinea, ' Nothing was, howov'er. decided. Mr Stanhope stated that noth- j ing definite had been arranged between t the English and' French Governments t relative 'to' tho Neiy Hebrides,- He thought- ' that May next would 'be late for'tli'o conferene'e on. colonial affairs, and suggested 8 April as preferable. ' . 2 ' The Government have decided to prose- . ; cute Mr M'Hugh, editor of the Sligo ] Champion, on abooun.t pf a speech he J delivered at a Land League meeting ex. t citing Irish tenants to boycotting andthe ( ] qoinmittalof agrarian outragoa.. -' , •. . .' ?' ■ ■ . "" - '\^ - .

— / _ (Received Decorabor 18, 1'a.ra.) . '. -V.'" 1 ' • _. --~ December 17. . .■ Messrs Dillon, O'Brien, Harris, and ■ ' O'Sheehy, prominent Land League slip- v porters; have been arrrested at Loughrea. \ ■