LATE CABLE. By Electric Telegraph.-Copyright. (PER PRESS ASSOCIATION.) Received June 22, at 1.40 a.m.

North Otago Times, Volume XXXVII, Issue 8214, 22 June 1895, Page 2

LATE CABLE. By Electric Telegraph.- Copyright. (PER PRESS ASSOCIATION.) Received June 22, at 1.40 a.m.

Sydney, June 21. T lie butter market is very firm. Dairy* made from lid to la Id; factory, from la Id to Is 3d. An informal meeting of the Cabinet discussed the situation. Member* of the Legislative Assembly generally opposed an *arly dissolution, &ni the feeling is unlikely to bo strengthened by the fact that Ministers have given notice of two Government works Bills. The House, it is understood, will after the recess appoint about a dozen members to the Council, and trust to moral effect. If Councillors still pers'ut in the rejection of the taxation pro* pnsals, the Government will carry out a policy outlined this morning. The Legislative Assembly has passed the Fight Hours Bill through all its stages. Mr Coghlan has prepared a statement of trade returns for Australasia for 1894. Tho total imports value 1,48,720,000, export L62.315.000. The aggregate decrease L7,000,976, as compared With 1893. New South Wale*' total trado was L3G,379,O0O ; Victoria, L24,497,000 ; New Zealand, L16,019,000 , South Australia, L13.608.000; Queensland, L12,667,000; Western Australia, 1*3,395,000; Tasmania, L.2,468,000. AH tho colonies excepting Western Australia showed an increase of ex porti. The import* for homo consumption decreased by L980.000. and" export* of domestic produce increased by LI 11,000.

London, June 21. Professor Huxley i« rallying. Tlio Government majority on the division of clause 0 of the Disestabliihmcut of the WeUli Church Bill fell to 7.

Bermx, Juno 21. At Kiel 24 vessels crowded with distinguished pononagei passed through the canal im eight hours without mishap, except that an immense German-American liner and the yacht Osborne grounded for a short time. The canal was lined by a dense crowd, who cheered ships of all nations, especially tho British ships. The Kaiser aroused remarkable enthusiasm by his splendid stately pageant. Bands played tho Marseillaise during the passago of the French warships. All the warships assembled at Holtman, in the Baltic Sea, and saluted the Emperor's vessel Hohenzollorn. On arrival the Emperor stood alone on tho roof of tho Charthouse wearing admiral'* uniform with his brCMt covered with various orders. He bowed and saluted the people in response to enthusiastic cheering. Tho Empress watched tho greater portion of the ceremony from an hotel wiadow. Tho Emperor visited many of tho warships, he personally steering tho §ig. Tho Kaiser told M. Herbette, tho rench Ambassador, that the present was not the last ceremony ho hoped they would together perform with a view to promote peace. Received June 22, at 2.15 a.m.

London, June 20. The Bank of England returns publuhed to day show the total reserve in notes and bullion to bo 1,29,764,000, the proportion of i eserves to liabilities being 62'93, Consols, 106^ . Thi'oo montha bills aro discounted at 5 per cent. New South Wales 4 per cent iuscribed stock, 106J. Victorian 4 per cents, 107$ ; 3J do, 102. South Australian 4 per cents, 110£ : 34 do, 103 J. * » a 10 !/ uceMland 4 P° r cents, 111J ; 3J do, New Zealand 4 per cents, 111$ ; 3£ do, Taimanian 3J per cents, 104. Western Australia 4 per cents, 119, Now Zealand loug-berriod wheat (ex wharohouao), 28s, market weaker. South Australian wheat, 28s 3d. Victorian wheat, 28s 6d. N«w Zealand mutton — First quality, 3Jd per 1b ; second quality, 23d. LambAverage quality, 4jd. New Zealand hemp is steady. 96 bales good soleetod from Wellington sold »t L13 per ton. Sugar— Best German beet, flat, 9a 9Jd ; Java, weak, Us Qd. No. 1 best Scotch pig iron, f.o.b. in Clyde, 43s 6d. At Bradford tho wool market is bettor id domand, and prioes aro slightly firmer. Butter is steady ; Danish has advanced, Tho market is almost bare of the Australian article. Young declares that his experience of the fteison'i fruit shows a profitable trade in South Australian. Apples is assured if well telicttid and packed, and must maintain the sUndard quality. The prospects of the other fruits are less encouraging.