Late Cable News.

New Zealand Mail, Issue 999, 24 April 1891, Page 19

Late Cable News.

Br Electric Telegraph—Copy’right. IMPORTANT FAILURE. THE PROPOSED PENNY OCEAN FOST. A DISSOLUTION. THE TRUSTEES’ LIABILITIES BILL. LEGACY FOR “ GENERAL” BOOTH. CONVICT LABOUR IN THE PACIFIC. (SPECIAL TO PRESS ASSOCIATION.) London, April 21. The Daily Telegraph says that Collyns and Co., Australian merchants and commission agents, have summoned a meeting of their creditors. The liabilities are estimated at about L 50,000. The insolvency is due to heavy losses on shipments. Friends have advanced capital to enable the firm to begin again. Mr C. Raikes, Postmaster General, asserts that a penny postage to the colonies and India would involve an additional loss of L 75,000 per annum. Obituary—Rev George Osborne, Wesleyan leader. The trial trip of the cruiser Mildura was successful. (Received April 22, 9.30 p.m.) London, April 21. A dissolution of Parliament in the autumn is assured. Kingston, April 22.

The Jamaica Exhibition, which was opened on January 27th by Prince George of Wales, is a failure. (Received April 23, 1.10 a.m.) Rome, April 22. The Italian Government is expelling Anarchists from Italy with a view to preventing trouble on May Day. London, April 22. The Trustees Liability Bill which the Government propose to introduce in the House of Commons will widen the scope of the investment of trust funds by trustees. Mr William Lidderdale has been reelected Governor of the Bank of England. General Booth has been left a legacy of seventy thousand pounds by a widow. Washington, April 22. It is probable that Mr J. G. Blaine, Secretary of State, will he nominated for the Presidency. Paris, April 22. The Courts have confirmed the resolution passed by the Council of Foreign Colonies permitting colonising trading companies in the Pacific to employ convict labour. THE NEWFOUNDLAND TROUBLE. St Johns, April 21. The police have arrested many fishermen trying to run the blockade with bait for the French fishing vessels. REPORTED MUTINY IN ENGLAND. London, April 21. A company of the 3rd Grenadiers at Chelsea refused to parade when ordered to do so. (Received April 22, 9.30 p.m.) London, April 21. The report that the Third Grenadiers had refused to parade is denied. THE LATEST SCANDALS. London, April 21. Mr W. H. Smith, in reply to a question, stated that unless Mr DeCobain, M.P., returned within a month to answer the charge against him, he would move for his expulsion from the House. Dalziel’s Agency denies that two M.P.’s were among those arrested in Paris. ■ ■ . (Received April 23, 1.10 a.m.) London, April 22. Mr De Cobain writes that he is prepared to return to meet the charges provided his friends advise him that it is necessary to do so. THE VICTORIAN LOAN. London, April 22. The World considers the failure of the Victorian loan primarily due to the dissolution of the Westgarth syndicate, and that the market was unfit owing to the after effects of the Barings’ disaster. It adds that the lesson is one which Victoria should mark and inwardly digest. THE MANIPUR RISING. Calcutta, April 22. _ The British troops will concentrate in Manipur on 27th inst. (Received April 23, 12.40 a.m.) Calcutta, April 22. The British force routed the Miranzals at Khankai Valley, killing 150 men. IRISH AFFAIRS. London, April 21. In addressing the annual meeting of the Primrose League to-day the Marquis of Salisbury said that prosperity and tranquility were resulting from resolute government in Ireland, and he condemned the practice of the hierarchy in Ireland in attempting to secure political 'ontrol in that country. The Times eulogises Mr Parnell for supporting the Irish Land Purchase Bill. (Received April 23, 1.10 a.m.) London, April 22, Mr John Redmond, M.P., addressed a meeting at Dublin to-day, when he declared that the National League and Plan pf Campaign would collapse for want of

funds, and said that seceders from Mr Parnell would be responsible for it.

ITALIAN EMIGRANTS FOR QUEENSLAND. London, April 21. The liabilities of Collyns and Co. are L 42,000, and the assets L 28,000. Sir J. F. Garrick, Agent-General for Queensland, has sent an. agent to Piedmont and Lombardy, in Italy, to select agriculturists who are experts in fruit growing, and who are willing to emigrate to Queensland. He proposes to send 350 men to that colony from Genoa at the end of June. New York, April 22. The Italian Consul at New Orleans insists that all of those lynched except two were Italian subjects. SHIPPING AND COMMERCIAL. Sydney, April 22. Wheat, chick 3s 2d to 3s 4d, milling sorts, 4s to 4s 4d, nominal; flour, stone made, Lll ; oats, feeding sorts Is 9d to 2s, seed Is lid to 2s ; maize, local grown 2s to 2s 4d, imported, 2s 6d ; bran, 9d ; pollard, scarce, lid. . Peas, 3s 3d to 3s 8d ; potatoes, Warnambool L2 10s, New Zealand, L2 17s 6d, Circular Heads L 3 10s ; onions, L 3 to L 3 ss, market full. Butter, dairy-made 9d to lOd, factory lid to Is Id, scarce ; cheese, 4d to 6d. Bacon, machine-made 5d to 6d, hand made 64cl to 7id, roll, 7d to 8d ; hams, local 6 fto lOd, New Zealand lOd to lid, English Is to 3 s Id. Melbourne, April 22.

Wheat market is unsettled ; current quotations is 4s 10id ; flour, stone-made, LlO, roller-made, Lll ; oats, Algerian, Is lid, Tartarian 2s 6di, stout 2s 8d ; barley, superior Erglisli sorts 2s 4icl to 2s sid, best malting 3s 8d ; bran, 10id ; peas, 33 3d. Arrived—Anthons and Seabird. Adelaide, April 22.

Wheat, 4s 6d to 4s 9d ; flour, stonemade L 8 10s to L 9, roller LlO to LlO ss; bran, Is Id ; pollard, Is ; barley, malting, 3s 3d to 3s 6d. Newcastle, April 22. Sailed —Onyx, for Dunedin ; Waireka, for Napier ; Defiance and Conference, for Auckland.

London, April 21. Steam freights are at present disorganised, the P. and O. Company taking rough measurement at LI, and the Tyser at 17s 6d per ton. (Received April 22, 9.30 p.m.) London, April 21. New Zealand wheat is quoted at 45s to 465. New Zealand flour, 30s to 31s, with brisk demand. The Continental cornfields show no improvement. (Received April 23, 12.40 am.) London, April 22. A cargo of New Zealand wheat, March and April 'shipment, has been sold at 445. Apples, ex steamer Pakeha, from New Zealand, sold at from 8s to 20s per case. Silver is quoted at 3s B|d. (Received April 23, 1.10 a.m.) London, April 22. Silver has fallen 5-16th of a penny. Colonial stocks generally have fallen 1 per cent. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cablegram from their London office, dated 21st inst: —Wool—The attendance of both Home and. foreign buyers is good, and competition is active. For long and short staple merino heavy in grease, the market is weak. Other descriptions are unchanged. Up to date 191,000 bales have been sold.