LATE TELEGRAMS.

Nelson Evening Mail, Volume VI, Issue 128, 1 June 1871, Page 2

LATE TELEGRAMS.

London, May 5. — The Steamer Queen of tha Thames is lost Gladstone opposes the discontinuance of telegraph an-1 postal services on Sunday. The Chancellor of the Exchequer in introducing the Budget said that the revenues of the Uuited Kingdom were elastic. The revenue was 2\ millions in excess of the estimate, and the expenditure half a million less. The cost of the army was half a million in excess of the estimate ; that of the civil service half a million less. The Attorney-General and Disraeli said that treaties must be respected until formally revoked. Gladstone stated tint the real target of the opposition was the abolition of army purchase. A vote of censure on the naval administration, owing to the loss of the Captain, was defeated. The estimated expenses of the army, including the abolition of purchase system is sixteen million, that of the navy ',£9,750,000. Revenue : A tax was proposed on matches but withdrawn ; an additional twopence per pound income tax has been proposed. The Budget was opposed, but late advices say that the Government has obtained a majority of 46 in favor of a modified budget. - The " Enfranchisement of Women Bill" has been defeated. ■ The Prinpe of Wales has opened the International at Kensington. A proposal to reserve a portion of Epping, Forest as a public park has been defeated. Earl Granville announced in the House of Lords the receipt of official despatches confirming the reported safety of Livingstone at Zanzibar. He had been destitute, but his immediate wants were supplied. Bothwell, won the Newmarket • Cup, Sterling second.' A slight earthquake had been felt in Scotland. New York, April 24. — Sailed: Game Cock and Agnes for Melbourne and Dunedin. London. — Arrived: Asterope, and Countess of Kintore. Sailed : Excelsior, and Caromilla. Loading: Speedy, for Canterbury. Liverpool. — Sailed: ,Otago, for; Dunedin. COMMEKCIAL. London, April 22.—The wool sales were largely attended, aud competition was animated. Prices for Australian,, halfpenny to . penny higher. There is an advance in greasy descriptions. New Zealand supplied 1664 bales. The third series Avill comm-nce oh June 22. In tallow little is doing. .£707,000 of the New 'Zealand loan were taken up at and a hove 96. £492,0000 at and above 95. : Average rate, £95 17s. 6d. The N.S. W". loan of £1,630,700 has been tendered for at £9- lOs. • Quotations. — New Zealand Mercantile Loan Conipjinv, three-eighths to five-eighths premium; „ Trust ar^d Loan;„one anr3,;three-eighths to one and fivei-eighths^, Otago- and' Southland Investment Comply, j discount to, ■& premium. Money market easy. - 'Bank 'of N.Z.," 16J to 16J. Closing quotations; . N.. ,Z., sixes, 108* to. ,109|; 'fives 97J to9_#7"'7^vl , -JAA'A T -; ;.;.; ..'.■* ; <Fi.ax — 300 bales of old parcels of low quality were offered, and low pricei accepted* Holders

of good samples of L & S brand realised £34. The large arrivals by the Countess and William Davie are expected to depress the prices. San Francisco wheat is high. There are no shipments by local millers. Speculators buy at 2fto3 cents per lb for fair samples. Flour: best samples 8 dols. to 8 dols. 25 cents. Wool market inflated, 25 to 33 cents for common descriptions.