ENGLAND.

Hawke's Bay Herald, Volume XXX, Issue 9982, 6 May 1895, Page 2

ENGLAND.

(Reoeived May 5, 5,30 p.m.) London, May 3. The New Zealand loan averaged £94 8s 93. One tender was for £100 at par. Bail has been allowed in Oscar Wilde 'a oa.e. (Received May 5, 6.15 pan.) In the Honae oi Commons Mr S. C. Buxton, Parliamentary Seoretary for the Colonial Office, stated that the Govern, ment wonld adhere to their determination ta annex Umbegesa, and that the Trans* vaai had no canse to complain, having failed to exercise their right to const-nob a railway to the coast, which had now lapsed, The New Zealand loan was not nnder* written, the local banks not reeelving any of the money. Financiers believe that the successful raising will result in there* establishing of colonial credit, and congratulate the Hon. Mr Ward on the success of the loan. The Times asserts that syndicates icdnccd the public to largely apply for co'onlal stocks. A Viotorlan wheat cargo, ex William ! Tillle, has been sold at 259 7_d. A South Australian cargo, es Hahnemann, was sold at 255. The Times abates that the advance ia tbe price of wheat Is to be asoribed to the active speculation of German and American buyers basßd on the adverse crops In those oountries. At the wool sales there was only a medium selection offered. Bidding, however, was ke.n, ani prlaas remain unchanged. Mr Hutchison reports that the Viotorlan V Horticultural Society, consignment of frnli, ex Theimopylio, has failed. The apples aud pears arrived in excellent condition, hut the major portion of the con- ! slgnment was snoilt. Victorian raspberry pulp sold ab £25 10s. Butter, Australian choicest, is increasing in demand. Tbe price quoted ls 80s. i The Times correspondent confirms tbe 1 Tientsin report that the Chinese Emperor • haa ratified the peace treaty. I (Rocoived May 8, 1.10 a.m.) May 3. ,' The Financial Times declares that the - success of the New Zealand loan waa doe to the well • grounded belief that the 1 finances of Kew Zealand are improv. ing. Tho Times states that some good judges consider the financial , position of the colony does not justify the premium of 4J per cent. Mr Ward believes that it ia advisable that the I Australian colonies should issue future loans at 3 per cent, and is arranging to convert all New Zealand stocks into 3 per cents as near par as possible, Mr Ward will initiate the operation before returning to Wellington, the process to be extended gradually as the priceß of stock justify it, This will result in a very large saving <| The leading financiers assure Mr Ward that the conversion eoheme would ba well

. .received, the market being convenient for J 'both dealers and investors, and it is advls- j itible that tbe Australian *_lover_-iCnts ■bhould take similar action, "though one . Jederal stock would be the best of all. The New Plymouth bondholders have i •requested Mr Ward to agreee to refer to arbitration the question as to the rights Af holders to regain t_e original land endowments, and are dissatisfied with bis * •offer to refer the matter to the Government. Tbe bondholders are pressing their Claims urgently. There ls said to bo strong friction in the Cabinet owing to the Chancellor of the Exchequer pressing his Local Veto Bill, and this is believed to explain Sir W. V. Harconrt's implied early retirement from office. The Daily lVews denies that Lord Boeebery retires from the Premiership. Sir E. Grey, replying to a question in the House of Commons, said the Kravetf" tion to eettle the terms of arbitration with regard to the seteure of the barque Costa Rica Packet and the imprisonment of Captain Carpenter will shortly be Bigned, Oscar Wilde was admitted to bail, him-. eelf in £2500 and two sureties of £1250 each. New Zealand 4 per cent inscribed stock quoted 112|.