NEW SOUTH WALES.

Hawke's Bay Herald, Volume XXIII, Issue 7958, 24 January 1888, Page 2

NEW SOUTH WALES.

(Recoircd January 23, 10.30 p.m.) Sydney, Monday. The speculation in silver-mining stock still continues. Theshares in the Broken Hill Central Company, which a few weeks ago were quoted in shillings, have rapidly

. . . ■ ' — " ■ - '• . advanced in value, and to-day hiside 'ay jump "of £2 per share. •" They are how. : quoted at over £11. The.Bnken Hill South Company shares are.'- even stillhigher than that, aud are still increasing; indeed, mining stock all round is improving. Sir R. Wisdom is the Freetrade candidate for Newton. The fight between Burke and Foley was drawn, but the latter had all the worst of it. The hall was crowded, and at the conclusion there was a deal of hissing and groaning. Acme is now the favorite for the Anniversary Handicap at 6 to 1, Dunlop 8 to 1, Cardigan 10 to 1. The cricket match between the Unlverties of Sydney and Melbourne was won easily by the former. Dnring the centenary week it is proposed to issue provisions by ticket, to 10,000 of the poor in the city. The number is scouted as being too large. (Reoolved January 24, 1.30 a.m.) The Postal Conference met again today when the representatives of the Eastern Extension Cable Company were in attendance, and laid their proposals respecting cable charges before the members. The company declare ia their statement that they have lost £15,000 since the New Zealand Government withdrew the grant of a subsidy, and that they would be willing to sell the cable to that colony for £120,000, guaranteeing the cable in good working condition, and would provide for maintaining it for a defined period. Alternatively .they are willing to agree to reduce 'the rates if a ' stated yearly'revenue is guaranteed, or if they were handed the land line charges collected by the colonies. Mr Rowan, who represents the Pacific Cabla Company, will lay his proposals betore the Conference to-morrow, and then Sir William Fitzberbert will, on behalf of the New Zealand Government, lay down theirproposals. Resolutionswerepassedtod ay favoring intercolonial postal notes, and the parcel post system was recommended, the price to be Cd per lb, with a minimum of lOd, It was suggested that each | colony should adopt the system when feasible.