By Electric Telegraph.-Copyright. (PER PRESS ASSOCIATION.)

North Otago Times, Volume XXXVII, Issue 8192, 25 May 1895, Page 2

By Electric Telegraph.-Copyright. (PER PRESS ASSOCIATION.)

Received May 25, at 1*2.30 a.m. Sydnky, May 24. Af the Sydney Turf Club .neeting the Royal Stakes was won by Sabur ; Cannon, 2; Milkmaid, 3. Thirty-seven started. Won after a great finish by a neck. Time, lmin lGJsccs. The 10 mile bioycls championship of New South Wales took J[^ ac ? to-day, and resulted as follows : O'Brien, 1 ; Lewis, 2. The other starters were M'Guinness and Matterson. Tandems were used for pacing, and at the end of the eighth mile only the placed men were left in the race. O'Brien came with a magnificent spurt in the last lap, and won by 20 yards. Time, smins 16 2-sth aecs. Megon, the champion, was absent in the country

Melbourne, May 24. At tho V.R.C meeting the Birthday Handicap resulted us follows : Best Bower, 1 ; Hova, 2 ; Straightfire, 3. Eight started. Won easily by two lengths. Time, 2mins 13iccs. London, May 24. Carbine and tho Novelette colt have arrived safely at Welbeck, tho residence of tho Duke of Portland. Tho I*. and 0. Company's new rar#o steamer Borneo, of 500i) tons, has been launched. Oscar Wilde's case ii adjourned. The charge against him in connecjigu witli Shelly has been withdrawn, as there was no corroborative evidence. Lord Salisbury, in his speech at Bradford, said it was imperative for tho empire to assume new responsibilities when opening new markets in uncivilised countries. The vacancy caused in the representation of Warwick and Leamington in tho Houso of Commons, owing to the retirement of Speaker Peel, has been filled by the return of Mr Lyttelton, a Unionist, by a majority of 500 votes. Tho son of the Ameer of Afghanistan h.ia arrived in England, and great preparations are being made to entertain him.

Adkludk, May 24. A letter from Alex. M 'Donald, a leading mombor of the Now Australia p»rty, dated March 18, says the attempt at communism failed, and the failure proved that it only renders people more selfish. He claims that the settlers were at loast not worse than tho average specimens of their respective classes, yet there is not one of them to-day but will admit that they degenerated under communistic conditions, and all recognise that something is wrong, and a decentralisation scheme is on the tapis, the object being to settle members of association on land individually, or in groups, on a single tax principle. M'Donald says thai though tho failure is admitted, thero is no reason why tlioy should not form the nucleus of a successful colony, in Paraguay. The climate and conditions aro good, but the want of fimds a drawbark, and at least 50 per cent of the settlers' labor was frittered away on unproductive worka. He speaks of the wheat yielding only a bushel per acre, and adds that tho settlors find it impossible to pay where so much oloaring is to be dqno, even by those who have capital, but ho is convinced it will do woll ou the Pampas. Tho settlors •are beyond actual want, though for some time tno chance of making anything in the slupc of hard cash was vsry remote. In conclusion, he says those disappointed with tho settlement continue to leave.

London, May 24. Owing to bad reports of the American crops there is a sudden boom in Australian wheat, which rose from la to lsj Gd per quaiter in a few hours. Lord Roberts has been promoted to tho lank of field-marshal. The Times, referring to tho deputation from the associated Chambers of Commerce, which will wait to-day on the Premier, (Jhnnoollor, and Postmaster-General in I support of a resolution carried at the Canadian Conference favoring a subsidy to the Pacific steamers and cable, strongly urges Lord Roseberry to assent to the proposal of the colonies which, it says, havo already taken their part in welding tho Empire, and colonial taxpayers are bearing the burden.

Shanghai) May 24. A rescript by the Emperor of China (lech res that it was impossible to continue the wai with the corrupt officers and rabblo of troops, and implores tho pcoplo to mako allowances for tho difficulty of the situation which compelled tho treaty witli Japan. Tho Emperor earnestly urges reforms.

Washington, May 24. Tho director of tlio United States Ministry saya tho increased gold output, especially of Australian, disposes of tho contention of tho supporters of silver as to tho iiisufliciencv of cold.

Stdsev, May 24. The President of the Workers Union has officially denied the statement that the Executive consented to tho workers accepting a reduction in the shearing rate in certain districts from, LI to 18s per 100 sheep, anl adds that members may engage under any form of agreomont for the present sea son, but they aro strongly urged to maintain the union rate, and on no account to aocept a reduction. The Wilcannia branoh of the Union resolved that the Executive acted cowardly, and no longer posiesied its confidence for allowing the men to ahear under any agreement, ,aud decided to adhoro to the Conference agreement,

Racolved my 23, »b 1.30 ft.tn. i Xbfß*ok ei EPfllmd ntuvni pmbUiEt^

to-tlay show the total rcsrrve in notes and bullion to bo 1,28,430,000, the proportion of reserves to liabilities being 64"38. Consols, 106. Three months bills arc discounted &t f per cent. Now South Wnles 4 per] cent inscribed stock, llflf: 3J do, 10.1. Victori.ui 4 per cents, 10G ; 3i do, 101. South Australian 4 per cents, .109 ; 3* do, 104. Queensland 4 per cents, 110 ; 3j do, 102. ' New Zealaud 4 per cents, 110$ ; 3j do< 104. Tasmanian 3£ per cents, 104. Western Australia 4 por cents, 118 New Zealand long-berried wheat (ex what chouse), 27s 6n, market firm. South Australian wheat, 27s 9d. Victorian wheat, 27s 9d, steady. Now Zealand mutton : First quality^ 3d per lb ; second quality, 2Jd. L»mb— Avenge quality, 4}d. New Zealand liomp market unchanged. Sugar — Quiet. German beet, 103 3d} Java, 12s 9d. No. 1 best Scotch pig iron, f.o.b. in Clyde, 43s 3d. At the wool sales a good ae'ection was offered, and prices were very firm Ab Bradford prices were firm, but business restricted The frozen produce, ex steamer Aberdeen, from Australia, has arrived in good condition.