CABLEGRAMS.

Otago Daily Times, Issue 7783, 29 January 1887, Page 2

CABLEGRAMS.

BKITISII AND FOKEIGN.

By Electric Telegraph.— Copyright.

(REUTBBS TELEGRAMS.)

MONETARY AND COMMERCIAL.

London, January 27,

KReceived January 23, at 5.15 p.m.) Consols remain, at 100£. The bank rate continues at o per cent, and the market rate 3£. The Bank of. England weekly returns show the total reserves in notes and bullion t0be£12,900,000, oran increase of £1,200,000 during the week. The proportion of reserve to liabilities is 47 per cent. New Zealand -i per cent, inscribed stdck remains at 94£. Colonial breadstuffs and tallow are without quotable change. THE WOOL SALES. The wool market continues firm. At today's sale coars* crossbreds ruled a higher, and scored wools l£d higher than at closing rates at the last sales. To-day's catalogue comprised 10,100 bales, making a total of 29,400 offered. Since opening of these sales 2000 bales have been withdrawn from sale." THE LIVERPOOL ELECTION. (Received January 23, at 10.20 p.m.) The re-count of the ballot papers for the Liverpool election made no change in the totals polled. Mr Neville has been declared duly elected. LORD RANDOLPH CHURCHILL'S RESIGNATION.

Lord Randolph Churchill has published a statement in reference to his withdrawal from the Ministry. His Lordship states that he considered the army and navy estimates excessive for the genuinely peaceful policy which was incumbent for England to follow. His colleagues declining to retrench, he was compelled to resign. Lord Salisbury wrote to him stating that the increased military and naval expenditure was necessary for defensive purposes, and for maintenance of coaling stations, and that the chances were in favour of war at an early date. Lord Randolph, leplying, refused to acquiesce or be a party to joining in the desperate stake for which he saw the nations playing.

PERSONAL. Ottawa January 26. {Deceived January i 9, at.1.25 a.m.; Sir Charles Tupper, High. Commissioner for Canada, has resigned his appointment, and will become Minister of Finance in the present Ministry. (Special to Pkess Association.) FISHERIES DISPUTES. LONDOJf, January 27. (Received January 28, at noon.) Sir John Macdonald, Premier of Canada, declares that the Canadians will adhere to their legat rights in the matter of the iisheries dispute with the United States, and that they will be supported in this by England. GENERAL ITEMS. Ras Algula, at the head of 35,000 men, is hesitating before making a further attack on Massowah. KReceived January 28, at 7.50 p.m.) Sir Graham Berry has invited 14 Victorians, whose names have been suggested by Mr Gillies, to act on the London Committee of the Melbourne Centennial Exhibition. "■■ ■•■ Four hundred dozen of New South Wales exhibition wines have been sold by auction at 17s 7cl to 18s 6d. The fittings of th« court of the same colony realised £328. [ Mr L. Beecher Cowen, formerly secretary of the Equitable Fire Office, Manchester, succeeds Mr Christie as manager of the fire departments of the South British, National, and Adelaide Marine and Fire Insurance Companies. - Mr Hugh Bannister (of the firm of Hankey and Bannister, wine merchants) advises the formation of centres in the colonies to ensure the similarity of successive vintages. The frozen meat by the Orizaba from Melbourne is selling at 4id, and that from Sydney at 4d. The cargo by the Arawa is realising 4f d.