ENGLISH 'MONEY MARKET

Manawatu Standard, Volume XL, Issue 7404, 20 September 1902, Page 2

ENGLISH 'MONEY MARKET

We have not hesitated for some years past in expressing-the opinion that if this colony relied on the London money market for borrowings to any largo extent, she would grievously fall in, for it was evident to anyone who watched the trend of ),he money markets of the world that tho end of the war would lit! the signal for a rush of money to South Africa in the hope of realising lug n interest." The London Mail, of the btli ultimo publishes some significant remarks in its money article, wlucii bodes little good for New Zealand s exploitation of the Home money market, despite Mr Seddon's Jingoism and his frantic efforts while at Home to "lead the world." Our contemporary says :-" Colonial borrowings lu.ve been rather pronounced of late, with somewhat unhappy results for the market. The investor with means and patience need have no fear, and. of course, m justice lo the Colonies, it must be admitted that we have had some three years deferred borrowings crowded into three months. Another point, too, is that Australia has suffered so severely from drought that we have little chance of estimating the progressive possibilities at the moment,, and must await better conditions, .so that, meanwhile, the critics have the field to themselves. None tue less it is to be hoped that there will be a check to these Colonial borrowings The Cape apparently means to make up for lost time with a vengeance, Sir Cordon Sprigg's desire beins to secure powers to expend £2 705,400 on harbour extensions and £1'ei(!,277 on railways. There is a good deal of implied zeal in estimating down to the odd pounds. Equal zeal for retrenchment might be more acceptable."

Mr T. JulcfE reports having sold (ho freehold of TouiDsitt's Hotel, Ureiiui, to Mrs E. Kennedy, of Wellington, for tho sum of JE7OOO.

The Terrace End School Commillec has decided that the colors of the school shall be blue and black, (he combination originally fixed upon. Each employee of a firm of brewers at Hipperholrae, York-lure, was (presented with a new Bible in honour of the Coronation

The Campbell-street Old Boys' Cricket Club will hold a practice match on the Sports' Ground on Wednesday afternoon, a pitch having been secured.

In reply to a deputation, Mr R. 15. Beckett has declined to stand for the Manawatu seat, although, h<: says, he bonas to be a candidate next election. As 175 Boer prisoners from St. Helena desire to become missionaries, the Dutch Church proposes to open a training institution for them near Worcester, Cape Colony.

Another sawmill is about fo start in Otaki to work the rimu forest on the s'opes of the Tararua Ranges. It is believed that the increased price of sawn timber will enable this fine forest lo be worked at a profit..

"Make it a nominal sentence, or squash it a'logether, Your Worship! Deal with me leniently, temper judgment with mercy." Appeal made by the defendant in the licensing case heard at the S.M. Court this morning.

Trooper Lucas, of tho West Rent Imperial Yeomanry, whose death iv SduUi Africa was reported some months ago by the War Office, and for whom his family went into mourning, has just received an enthusiastic welcome home at Aylesford, near Maidstone.

Two young men were charged at the Police Court this morning with having no lawful visible means of support. Mr Inne3 defended the accused. After the police had given evidence the Magistrate recorded a conviction and ordered accused to come up for sentence when called upon.

The Alhambra Cricket Club will meet to-morrow night at Brophy and Co's The business to be transacted is very important, including the election of junior captain, selection of a team for Dannevirke, and to arrange the senior and junior teams for forthcoming Cup matches. A full attendance is requested.

Speaking in Cork recently, Mr Seddon said, regarding Home Rule, that he was in favour of a like freedom of action being extended to Ireland a? prevailed in New Zealand and the other colonies, but before this could bo carried into effect ho said that it would be necessary for the Irish pcopln publicly to declare their loyalty to the King.

There was a meeting of .Liberals at Feifding on Friday afternoon to chcose a candidate to contest Oroua electorate. Messrs Buchanau, Diekfon and It. McIleth were proposed, but tho two first named declined to stand, It was considered '\y those present that tho meeting was not sufficiently representative to make a nomination,and it was adjourned until Tuesday next. Mr J. Uagnill was not present.—Advocate.

The committee of the Commercial Travellers' Aa.-ociations has decided to accept the designs submitted by Mr Willia'ii Turnbull for tho erection of the new club in Viiiloria-slreet, "Wellington. Tltci'o were about a dozen dt.-siuns sent in, and the one chosen is of the Italian Renaissance style. The building is to be three stories in hei-ht, with a basement, ami built with a stone front. The cost is to be about £7000.

The Liberal Association of Sanday Islajid, Orkney, has unanimously rosolved to ask Mr M'Kinnon Wood to come forward as the Liberal candidate at the prospective vacancy in the representation of Orkney and Shetland, and has promised him hearty support if he accepts the invitation. This is the seat which Mr Wason, an ox-member of the New /iealand House of .Representatives, occupies. It will be remembered that he recently announced his intention of leaving the Conservative party and joining the Liberals.

At the Government Commission held in Foxton to apportion tho cost of the bridge to bo erected overthaMa-iawntu, near Shannon, evidence was given on behalf of the Foxton Borough by Messrs Spiers, Fraser, Henm'ssy, Gowor and Osborne j for tho Manawatu County Council, by Messrs H. Barber, M. Hammond and Duncan; and for the Horowheuua County Council by Mossrs J, Davis, Carter, Stansell, Cole, Saunders, Hillary and W. Barber. The Commission has closed its sitting.

•' ,4 small boy," says a London paper, " was' asked by his teacher to write on 'The Peace,' The fcljogipg essay was the result: —" The Boers fought a'gajnst England, and Mr Scddon sent tho army to Africa and fought them. By andbye everyone thought it timo to stop, but the Boers wouldn't. So Mr Seddon went £o gouth Africa and told tho Boers he would send anpther army if they would not make peae'w, and they .did, providing ho would be their Governor^ and he promised he would be.' Which (remarks the London paper) is about as true as most accepted chapters of history,-"

The consecration ft* the new Church of tho Sacred Heart, Sittmgbojirne, culminates the most remarkable achievement in church building on record. Littlo over two years ago .Father O'Sullivan commenced his campiagn, and without any other appeal than letters to the Press and advertisements, has elicited contributions from ijflarjy everywhere. Close on £ 5,000 resulted, and Norway and Sweden are the only stamp using countries in the world from which remittances, of one shilling and upwards, have not passed through tho Sittingbcume post office to Father O'Sullivan.

Tho Wellington Meat Export Qq„ being desirous of giving sheep-growers every facility for trading with the Company, (jas decided to give farmers the option of. selling fat sheep by weight, tho sbeep being graded under tbrpe brands according to quality, and. to be delivered at the freezing works at owner's cost and , xponse. Fat and skins remain tho property of the vendor, or may bo sold to tho Company. Further, tho Company is willing to freeze on owner's account, or to purchase fat stock at a straight-out price per head. Sheepfurmtrs could scarcely ask for better facilities for disposing of tboir surplus fat sheep ; tho options aro distinctly favourable, and as good as any prevailing in tho south. The Wellington Meat Export Co. has shown a praiseworthy effort to meet the farmers in every way. Tho new conditions and options will be found set forth hi detail in our adver» tising columns.

Thp following is a list of Wellington donors to" the prize fund ot the Manawatu A. and P Association .—- J. E Nathan and Co., £30; Manawatu Hailway Company, £10 10s; Gear Meat Compciy, £5 ss; Wellington Me."{t Export Company, £5 5s j Johnston's £5; Levin aud Co.; £5 ss; Sargood and Co! £3 3s; Koss and Glebdinimig'£3 3 S ' Bmg, Haxris and Co., £8 3s; Kirkcuicl ie and Stains, £3 3s; Kempthorno, Prosper and Co, £3 3s; Hf.Z. Times Company £3 3s;. Aijken, Wilson and Co., £2 2s • Dulhie and Co., £2 %s ; W. M. Bannalyne tsA lft. .£22s; W. G, Ktrnhull andCo„£22s; J Lysnghfana Co., £2 2s; Bell, Gully, Bell ajid Myers, £2 2s • A S. Patterson and Co., £2 2s; Hnrcourl and Co., £2 2s; J. Kirkealdio, £2; J. A Pl.mmor, £1 Is; D. Anderson and Son 11; Wardell Bros. £1 Is; .j, _ ]_ wa _ and Co, £1 Is; Phillips and Pike' £ 1 isBallinger 8r05.,. £1 Is. Total, £102 Is

_Wade's Woem Fios—tne Wonderfu Worm Worriers—are llways effective, ncxes'■> eViry^hero