BRITISH AND FOREIGN CABLEGRAMS.

Oamaru Mail, Volume XIV, Issue 4539, 30 November 1889, Page 2

BRITISH AND FOREIGN CABLEGRAMS.

(By Electric Telegraph— Copyright.) (PER UNITED PRESS ASSOCIATION.) Received November 29, at 7.30 p.m. London November 28. Wool sales are animated, and prfcea remain very firm. The brokers and bankers strongly oppose the new Viotorian loan, as the last loan Is said by that colony not yet to be absorbed. Ia the course of an interview with a representative of the Pall Mall Gazette, Admiral Fairfax, in referring to the colonial defences, expreEsed the opinion that good work had been done by Viotorla and New Zealand ; Qaeensland had been apathetic, and New South Wales was deserving of censure for tardiness in regard to placing their defences on a proper footing. He considered that If New South Wales j jined tbo Federal Council, the latter body would be able to develop a federal system of defence. In consequence of foreigners being engaged io working British Bhips at Bristol, 7000 dock laborers have gone out on strike. Beef has declined £d per lb. Tallow market—Best mutton, 26a 6d ; beat beef, 25 3. Efceired November 29, at 8 p.m. Madras, November 28. During an elephant drive to-day at Mysore, a city of Southern India, Prince Albert Victor waß charged by one of the elephants and narrowly escaped being killed. A fortnight ago the Prince met with a couple of accidents daring a reception at Poonah. Received November 30, at 0.10 p.m. Paris, November 30. A terrible explosion occurred to-day at Marseilles. From some unexplained oause, 300 barrels aboard a ship became ignited and exploded. No further details are to hand. London, November 29. The weekly returoß of the Bank of England show the total reserve to be L12,0G4,000, the proportion of reserve to liabilities being 43£ per cent. Consols, 97. New Zealand 4 per cent inscribed stook is active at 106. Australian wheat, ox warehouse, 39a 6d. The market is steady. New Zealand long-berried, ox store, Is steady at 37a 9d. Sugar—German beet is firmer at 12a ; Java beet best, 14a 6d.