NEWS BY CABLE.

Oamaru Mail, Volume XX, Issue 6248, 6 May 1895, Page 1

NEWS BY CABLE.

(By Electric HOME AND FOREIGN, NEWS... (PER UNITED PRESS ASSOCIATION;) ; Received May 5, at 6.45 p.m. London, May 4. In the Hopse of Commons, „Mr S. C. ! Buxton, Parliamentary Secr'e'tar'y"for the ;ColonialPffice,.said.thgt the.Government would its'deter minationto 'annex Umbegesaijjand that^the.Transvaalhad;nq cause to complain, having failed" to" exercise the right to conduct; a;railway ,to the coast, which had now lapsed. The New Zealand JoSii was not underwritten, the local banks not receiving any of-:the mbneyi r 'Financiers believe that the successful raising will result in the re-establishing of colonial credit, arid congratulates the Hon. Mr Ward pn the success of the loan. ''Tire Times •asserts that a syndicate induced the public to largely apply for colonial stocks." | A Victorian wheat cargo, ex William Tillie, has been sold at 25s "A South Australian cargo, :ex The Hakenmann, sold at 255. '"' - * *'• The Times states that the advance in the price of wheat is ascribed to the active j speculation of German and' American buyers, based on the adverse reports as to crops on the Continent. ' At "the "wool "sales' there was only a medium selection offered; The \ bidding, however, was keen, but'prices' are"unchanged. Mr Hutchison reports that the Victorian Horticultural Society's soft fruit, ex ThermepyiiEev.failed.'' The' apples/arid pears arriyea,in excellent condition. The major/ portion of the /.consignment '..was; stored. Victorian raspberry pulp sold at L 25 10s. Butter —Australian choicest is .increasing in demand, and ih'e price quoted is 80a.

Calcutta, May ,4.; The Afghans are willing to surrender .Umra Khan to the British when desired, and it is expected a demand will be" made' shortly. = Received May 6, at 1.10 a. m. London,. ; May 4. The Financial Times declares that ;the success of the New Zealand loan is due to the well grounded belief that the. finances of New Zealand are improving. The. Times states that some good judges .consider the financial position of the colony;,dpe : s not justify"tire 'premium of 4i per' cent.' " Mr Ward believes it is advisable that the Australian colonies should issue future Wans at'3 ; per cent., and' is arranging to convert all the New Zealand stocks into 3-per cents., as near par as possible. Mr ; Ward will initiate the operation before returning to Wellington, though: the process he intends to be gradual, as prices of stocks justify it, and this will result in a very large saying. . Leading financiers assure Mr Ward that the conversion scheme will be well received, the market being convenient for dealers and investors, and it is' advisable that the Australian Governments' should take a similar action, though one federal stock would be best of all. Mr Ward thinks likely to induce conversion, which is to be entirely voluntary. The New Plymouth bondholders have requested Mr Ward to refer to arbitration the question as to the rights of holders to regain the original land documents, and are dissatisfied with his offer to refer the matter to the Government'. The bondholders, are pressing their claims urgently. There is said to be strong friction in the Cabinet owing to the, Chancellor of the Exchequer pressing his' Local "Vetp; ( Bill, and this is believed to explain Sir W.' implied early retirement from office.

The Daily News denies that Lord Rosebery retires from the Premiership. Sir E. Grey, replying to a question in the Houseot Gommons, : said; the conven-. tion to settle the terms of arbitration with regard to the seizure of the Costa Rica Packet, arid the imprisonment of Captain Carpenter, will shortly be signed. Oscar Wilde has been admitted to. bail, himself in L 2500 arid two sureties of Ll2soeach. New Zealand ,4 per cent, inscribed stock is quoted at 112 J. Ottawa, May 5. The Canadian deficit amounts;to 4J million dollars. The Government proposei'bC duty ofa half-cent per pound on raw sugar. WASHmGTON, May 5. By a cyclone at Sioux Falls 52 people were killed. Itrsqme instances children were carried half a mile by the force of the wind; Vienna, May 5. Count Kalnoky has resigned owing to M. Bannfya, the Hungarian Premier, having pfematurely. stated, that the' former hadprotested 'to the Italian; Government against the action of the Papai Nuncio in Vienna fostering the clerical agitation against the Hungarian. Government, ''-"' ' " May 5. The New Zealand loan averaged L 94 8s 9d. One tender was for LIOO at par.

AUSTRALIAN^NEWS. (PEE UNITED PKBSS ASSOCIATION.) Received May 5, at 6.45 p.m.].] S.Yi)NEY,,May.S., Upwards of 30 Victorian farmers have settled in the Balcairn district, and 60,000 acres have been takenrup.; J O.thers are arriving in the Wallawalla district every .Week, and r shci clearing .of "new-land, is progressing, fayorably,.V .-;"-"!' ■ '■' '''Nefcastle,.May,s.: A letter has been received from" a leading San Francisco coal importer .stating that English anthracite coal is entering into very strong competition with the Australian article, and is already cutting. down prices. The letter adds that" if the" importation c6ritinue's ; • Australian coal will soon be knocked clean out of the market. Melbourne, May 5. The Central Broken Hill Company has purchased the Broken Hill Extended Mine. Extensive deep sinking so far has failed to discover a lode on the property. The purchasing price is states! to be under L 1500; l Received May 6, at 1.10 a. m. j .Sydney. May~s. Arrived—Mararoa, from Auckland. Sailed—H.M.S. Ringarooma, for Auckland. The steamer Kelles, from the Solomon Islands, picked'up three Frenchmen at Marua Sound. They stated that they had been driven harbor during a | gale while fishing, and were 22 days in a small boat and endured terrible before "they reached Marua.' They refused a passage to Sydney, preferring to remain at the Solomons. i Melbourne, May 5. I No trace has been,found-of Dooley, I who murdered zhis wife and mother-in-law,-though a which is not iconfirmed;'says, that 'he 'had '«ommit|ed. Ifliiicide.Jjy jumping l overboard; from" a '< ' ~