HOME AND FOREIGN CABLE NEWS.

Oamaru Mail, Volume XVI, Issue 4986, 29 May 1891, Page 2

HOME AND FOREIGN CABLE NEWS.

(By Electric Tkleohai'ii CurYuioiiT.) (PER UNITED I'RKSS ASSOCIATION.) Received May 2S, at 7.30 p.m.] London, May 27. Underwriters arc insuring tho assets in Barings' estate at 15 per cent. The present depression in New South Wales stocks causes city men to regard the prospects of conversion as gloomy. The result of the Queensland loan surprised even the pessimists. Among the reasons alleged in the city for the astound, ing failure are distrust of Queensland's Republican tendencies, the refusal uf the colony to contribute to (he naval defence scheme, and her disposition to follow , ltl isolated policy oil other questions. The Stock Exchange manifests delight, nt the failure, and predicts that the stock will ] )t! secured at as low a price as 00. It sug. gests the renewal of (i per cents which have matured, aud urges the withdrawn! of the L 300.000 that was otlbred, on the ground that it is too small a line. Dealers think that it is a mistake to keep the luan open, as further subscriptions are unlikely. The Coptic's apples arrived in good condition, and realisod from 5s Gil to Ids (hi per case, but tho cargoes aro too small. Received May 29, at 1 a.m. London, May 2r>. The Queensland loan is quoted at 1 per cent, discount. Tho Times says tho louii ought to bo confined to the redemption »f debentures, and that the time was luully chosen for launching it, syndicates who usually tender being too deeply involved to operate, and that the rate of interest is too low. Brokers complain that tenders were opened in private The Daily News thinks it was rash to otter the loan with, out previously securing tenders from the banks, or ascertaining whether .syndicates would take it up. The American visible supply of wheat is estimated at 2S)A million bushels. St. Johns, May 2K. After passing the Bill agreeing to the modus vhr.ndi until the end of the your, the Newfoundland Parliament, at the request. of English Liberal leaders, passed another extending its operations until 1893. Paris, May 28. The Chamber of Deputies has agreed to the Bill empowering the Minister of War to secure two months' stock of wheat mid flour for civilians within fortified towns. Mkxico, May 27. The Government of Mexico lias allowed the Esmeralda to coal at Acapulco. Washington, May 27. The President denies refusing Lord Salisbury's proposal to close the Behriif Sea for the season. Two American cuttoi I have been despatched thither with nrilth ' similar to those issued last year. Valparaiso, May 27, The rebels have recaptured Tulte.