LATE CABLE. By Electric Telegraph.—Copyright. (per press association.)

North Otago Times, Volume XXXVII, Issue 8175, 6 May 1895, Page 3

LATE CABLE. By Electric Telegraph.— Copyright. (per press association.)

Received May 5, at 6 45 p.m. Sydney, M^y 5. Upwards of thirty Victorian farmers have set' lf d in iheßulc>irn dUtiict, and 50,000 acres have been taken up. Othera are amring in the Wallawilla district erery week, and tho clearing of new land la progressing rapidly.

Newcastle, May 5. A letter h»B been received from % leading Sftn Franxsco coal importer sUting that English anthracite coil ia entering ioto rery strong competition with the Australian article, and is already cutting down prices. The letter <^da that if the importation continues Australian coal will IjOu be knocked clean nu' of the market.

Mklboukne, May 5. The Ceutril Broken Hill Company his purchased the Broken Hill Extended Mine. Exiensifs deep sinking so for has failid to discover a lode on the property. The purchasing price is stated to be under Ll6OO.

London, May 5. In the House of Commons Mr S. C. Buxton, ParliamenUry S cretary for the Coloninl Office, said tha f the Government Would adhere to it* determination to annex Umbfgesfti, and that tho Transtaal had no cause to complain, having failed to exercise the tight to conduct a railway to the coast, which had now lapsed. The New Zealand loan wai not underwritten, the locil banks not recewi'ig any of the money. Financiers believe that tho successful raising will result in the re-establishing of colonial credit and congratulates the Hon. Mr W.itd on the success of the loan. The Times asserts that a syndicate induct d the public to largely apply for coloniil stocks. A Victorhn wheat cargo, »x William Tillie, hai been sod at 25i 7^'. A South AuntralUn cargo, ex The LI ikonmann, sold at 25*. The Times sUtes that the advance in the prico of whoat is ascribed to the active speculation of German and Ameiic*n buyer?, based on the adverse reports M to crop 9 on the Continr n - . At the wool sales there was only a mod in m selection offered. Bidding, hotrever, was keen, but prices are unchanged. Mr Hutchison reports that the Victor'un Horticultural Socioty'u soft fruit, ex Therraoplvre, failed. The apples aid pe»rs arrived in excellent condition. Iho major portion of the consignment was stored Victorian raspberry pulp sold at L 25 10s. Butter— Australian choicest is increasing iv demctud, and the prica quitted at 80s. The Times correspondent confirms the Tientsin report that the Chinese Emperor haaratiDod the peace treaty.

Calcutta, May 3. The Afghans are willing to surrender Umr* Khun to the British when desired, and it is expected a demand will be made ■bortly.

Received May 6, at 1.10 a.m. London, May 4. The Financial Times declares that the success of the New Zealand loan is due to the well grounded belief that the finances of New Zealand are improving. The Time* states that some good judges consider the financial position of the colony does not justify the premium of 4J per cent. Mr Ward believes it is advisable that the Australian colonies should issue future loans at 3 per cent, and is arranging to convert nil the New Zealand stock* into 3 per cents, as near par as possible. Mr Ward will initiate the operation before returning to Wellington, through the process he intended, gradually, as prices of stocks justify it, and this will result in a very large saving, Leading financiers assure Mr Ward that the conversion scheme will be well received, the market being convenient for dealers and investors, and it is advisable that the Australian Governments should take a similar action, though on federal stock* will be best of all. Mr Ward thinks the long-dated 3 per cents are likely to induce the conversion, which is entirely voluntary. The New Plymouth bondholders have requested Mr Ward to refer to arbitration the question as to the rights of holders to regain the original land documents, and are dissatisfied with his offer to refer the matter to the Government. The bond* holders are pressing their claims urgently. The Times' correspondent states that the J£mperor of China ratified tho terms of the treaty of peace on Thursday last, and that negotiations are proceeding protesting to the Powers and Japan, on the basis of out side compensation instead of territory on the mainland. The Japanese Minister in Paris declares that there is no intention to quarrel with the Great Powers. Japan merely desires to secure a guarantee for the payment of the indemnity. There is said to be a strong friction in the Cabinet owing to the Chancellor of the Exchequer pressing his Local Veto Bill, and this is believed to axplain Sir W. Y. Harcourt's implied early retirement from office. The Daily news denies that Lord Rosebery rotires from the Premiership. Sir E. Grey, replying to a question in the House of Commons, said the convention to settle the terms of arbitration with regard to tho seizure of the barque Costo Kica packet, and th« imprisonment of Captain Carpenter, will shortly be signed. Oscar Wilde has been admitted to bail, himself in L 2600, and two sureties in L 1250 each. New Zealand 4 per cent inscribed stock is quoted at 1121.

Ottawa, M»y 0, Th« QmadUn cUQoit »mounU to 4} mil* Hod dollari. The Govtrnment propoie % datf of • htlfotnt per pound on r*w mgtr.

Waihucgtow, M»yo, By » oyolon* afa Sioux Falls, 02 p«opl* WW killtd. In iom« tait»aoe« ohudrtn wtrt OMrted half » milt by tb« forot of the wtsd.

Biu*oHAi l M»y5. M it i pwnuttw »|»iDii invMipa Vb« (JtfinMMßl.lHl U« tWtttfolftl 9(

river near Pckin, and miles of country tiro flooded and hundreds of poop'o were drowned. The Russian squadron has left the Japanese waters under sealed orders.

Viknna, May 5, Count Kalnoky has resigned owing to M. Ban fly a, the Hungarian Premier, having prematurely stated that (ho former had protested to the Italian Government against the notion of the Papal Nuncio in Vienna fostering the clerical agitation against the Hungariun Government.

Sydney, May 5. Arrived - Mararoa, from Auckland. Sailed — H.M.B. Ringarooma, for Auckland. The steamer Kelles, from the Solomon Islands, picked up three Frenchmen at Marua Sound. They stated that they had been driven from Vila harbor during a galo while fishing, and were twenty- two days in a small boat and endured terrible sufferings beforo they reached Marua. They rctuscd a passage to Sydney, preferring to remain at the Solomons.

Melbourne, May 5. No trace hfts boon found of D oley, who murdered his wifcand mothei-iu law, though n report, which is not confiimcd, says ho committed suicide by jumping overboard from a harbor steamer.