TELEGRAPHIC.

South Canterbury Times, Issue 6274, 22 July 1890, Page 2

TELEGRAPHIC.

BRITISH AND FOREIGN

Per Electric Telegraph—Copyright.

(Per Press association.)

(Received 1 p.m., July 21st.) COMMERCIAL. London, July 17. The wool market is excited, and prices for merino are five per cent higher than those ruling at the close of - the May

series. The total amount of reserve in the Bank of England is £11,716,000. The proportion of reserve to liabilities is 34.72. Consols, 96|. New Zealand 4 per cent inscribed stock, 104|; 3J per cent do, 94|. New Zealand long'berried wheat, 375,. firm. No. 1 best Scotch pig iron, f.o.b. in Clyde, 45s 3d. Sugar, German beet, 12s 6d, steady; Java, 14s 6d. The quantity of wheat and flour afloat for the United Kingdon is 2,296,000 quarters, and for the Continent 740,000 quarters. The estimated American visible supply is 18,592,000 bushels. July 19,

Wool ia unchanged. THE ASSETS COMPANY. July 21. The Scotch Court of Session having sanctioned the action of the Assets Company, the allotment of the latter for a proportionate amount of the New Zealand and Australian Land Company’s stock will be issued in a month. (Received 1.20 p.m., July 21st.) THE MUTINOUS GUARDS. ' July 19. Colonel Maitland has resigned. A trial of six of the mutinous guards is proceeding. (Received 2 p.m., July 2tst.) Colonal Maitland denies that he has resigned, and the St. James' Gazette says ho does not proceed to Natal as was stated in some quarters. The Grenadier Guards have been ordered to proceed to the Capo, and sail on Tuesday. The Coldstream Guards have replaced the Yorkshire Regiment doing duty in connection with the Grenadier Guards’ mutiny. Mr Stanhope has declined to discuss the result of the enquiry held into the alleged mutiny of the Grenadier Guards, I London, July 21. 1 The Grenadier Guards, under command |

of Colonel Eaton, embarked to-day under scaled orders, lb is believed that their destination is either the West Indies or Cyprus.

OBITUARY. Lydia Becket. COLONIAL ADMIRALTY LAW,

The Colonial Court of Admiralty Bill has passed the House of Commons. AQUATICS. Mr Gardiner, of Cambridge University won the Wingfield sculls. SUBSTITUTE FOR POWDER. A new rifle, using liquified carbonic acid gas instead of gunpowder, has been tested. It is noiseless and smokeless. The Hon. Edward Stanhope, Secretary to the War Department, is much impressed with the weapon. DAMAGED CROPS. Potato blight is seriously damaging tho crop in the south of Ireland. The Hessian fiy is injuring the crops in Lincolnshire. AN UNWISE SUGGESTION. Judge Harrison, in charging a Galway jury, said he was astonished that the evictions and lawlessness had not led to recourse to Lynch law, A SICK PRINCE. Tho Duke of Clarence, eldest son of the Prince of Wales, has been confined to bed several days. CERTIFICATE SUSPENDED. July 18. The certificate of the captain of the s.s, Ambilo, which collided with the barque Ethel in the English Channel, has been suspended for three months. STRUCK BY LIGHTNING. Daring a storm a pinnacle of the House of Lords was struck by lightning and part of the masonry was detached. Judge Grantham had a narrow escape from the falling debris. THE DALLEY MEMORIAL, Several newspapers compliment the subscribers in placing a medallion in St. Paul’s Cathedral in memory of the late W. B. Dailey. HOSTILE TARIFFS. A European conference will probably be convened to protest against the American Tariff Bill. Paris, July 10. An agitation has been commenced in Prance against McKinley’s tariff Bill. One member of the Chamber of Deputies proposes a general European commercial campaign against tho Americans. The Superior Council of Agriculture has recommended an increase of tho French tariff including a duty on wheat, flour, aud oats.

(Received 1.30 p.m., July 21st.) A DOMESTIC TRAGEDY.

A mother murdered her six children by means of charcoal, attempted suicide, but she recovered, DHULEEP SING. Dhuleep Sing is suffering from paralysis in this city. He has forwarded a fpetition to Queen Victoria asking pardon. THE LATE EMPEROR FREDERICK. Dublin, July 19. The Dowager Empress Frederick is writing a memoir of her late husband. Count Von Moltke and other Generals are assisting her. AMERICAN DISASTERS. New Fork, July 19. An explosion wrecked and burnt the central office of the Western United Telegraph. There were many narrow escapes from death. It is reported that a terrific storm has been experienced in the Western States. Many deaths are reported from heat and lightning. 'Received 430 p.m., July 21st.) London, July 17. THE SOUTH AUSTRALIAN LOAN. It is reported on ’Change that South Australia will not require a loan until next year. THE WOOL SALES. At the wool sales to-day crossbreds were dear but other sorts were unchanged. (Special to Pbess Association.) (Received 1 p.m., July 21st.) (Received 12.15 p.m„ July 21st.) LADY BETTY.

London, July 17. The Australian horse Lady Betty finished fifth in the Royal Handicap.

REDUCTION OP THE POSTAL RATES.

At the annual meeting of the Cobden Club eulogies were passed on Mr Baikes in connection with the projected reduction of the postal rates to 2£d. Mr Raikes intimated that he was awaiting the completion of the Indian arrangements before bringing the reduction into operation. EVADING TORPEDOES, The Chronicle states that experiments prove that a warship could easily evade either the Brennan or Murphy torpedo. THE BEHRINGS STRAITS DIFFICULTY, Mr J. G. Blaine, United States Secretary of State, has reversed the policy pursued with regard to Behring Straits two years ago. Friction has arisen between Mr Blaine and the president over the Behring dispute, and it is probable that the former will resign effice. THE BRITISHERS ACQUITTED. Pretoria, July 17. . Great alarm is felt among the Boers at the jury acquitting the Britishers charged with mobbing President Kruger, REBEL VICTORY AND TORTURE. . Morocco, July 17. The rebels surprised and crushingly defeated at Mount Taburiot, an army commanded by the son of the Sultan. Fifty of the latter’s officers were captured, and burnt alive.

(Received 12.30 p.m., July 21st.) THE POPE. Rome, July 14. A rumour is current that the Pope is

in a precarious state of health, but an official denial has been given 'to the rumour.

STARTLING INTELLIGENCE. Constantinople, July 14.

Intelligence has been received that a number of Armenian peasants have been burnt for refusing to pay taxes.

THE SHIPPING BOUNTIES BILL, Washington, July 14. Congress has passed the Shipping Bounties Bill. THE SAN FRANCISCO SERVICE.

Owing to anxiety as to an extension of the San Francisco service the tourist traffic by that route is impeded.

(Received 12.30 p.m., July 21st.) PUGILISTIC. London, July 15. The conditions of the Slavin-McAuliffe fight have been agreed upon. The men are to fight thirty rounds with four ounce gloves, and the winner is to receive £7OO and the loser £IOO. Each party is to be allowed £2OO for expenses. CENSURING A BISHOP. July 17. The Limerick Board of Guardians have passed a vote of censure on the bishop for his attack on Mr Dillon. AUSTRALIAN HORSES. Ringmaster was nowhere in the July Handicap, and Lady Betty had no show whatever in the Thousand Handicap. DISASTROUS FIRE. Constantinople, July 15. The damage by fire is estimated at one million sterling, FRENCH RETALIATION, St Johns, July 18. In connection with the Fiona affair, the French retaliated and seized a Newfoundland vessel which was caught smuggling bait. COLONIAL DEFENCES. London, July 18. Major-General Edwards has generally approved of the colonial defences. He advocates the fortification of Glenelg and Port Darwin. NEW COMPANY. The New Zealand Milling and Freezing Company has been floated, MR BLAINE. Washington, July 18. It> is reported that Mr J. G. Blaine, Secretary of State, will resign on account of the Behring Sea dispute. (Received 1 p.m., July 21st.) THE BANK OF NEW ZEALAND.

London, July 18,

The London Board has decided to accept the management of the Bank of New Zealand, The ylobo company will be floated independently. The capital consists of a million and a half in preference shares, and a million in ordinary shares. The bank will retain the ordinary shares, A million per cent, debentures are being issued as security for the ylobo assets. These debentures are issued at £95, and are redeemable at £lO5 in twenty years, or at £lO3 at six months’ notice. The Times expresses a hope that by this means the tension will be relieved. The greater portion of the capital has already been underwritten. Messrs Hean, Ewan, and Jeffrey have been appointed directors. Barings, one of the leading firms of financiers, are satisfied of the solvency of the Bank. July 19. The Assets Company will be known as the New Zealand Estates Company. Everything is expected to be arranged in a week. The capital will be £3,170,993, the exact amount of Mr Hean’s valuation. The directors are Mr Jaffrays (chairman), Messrs Hean, Ewan, Rome, and George.

The bankers are Glynn, Mills, Currie, Aid, and the Bank of New Zealand. A monthly circular issued by Westgarth states that the New Zealand Estates Company has been formed, and will issue debentures at 5| percent. Other reports assert that the prospectus is not finally settled, and that debentures will be finally issued at 5 per cent. (Received 1.30 p.m., July 21st.) THE SILVER COINAGE ACT. It is hoped that the Agents-General will assist in- getting a Silver,Coinage Act passed in the colonies. THE RACEHORSE CHICAGO, Mr J. Savill has leased the horse Chicago for two years. VISCOUNT DUNLO. Viscount Dunlo has returned to London from Australia, THE MARQUIS OF LOTHIAN. The Marquis of Lothian has finally refused the Governorship of New South Wales. THE PRINCESS OP WALES’ CUP. SirD. Cooper’s Dorcas won the Princess of Wales Cup. A DENIAL. The report circulated that the Brennan torpedo was useless, is premature.

O’DONOVAN ROSSA. j New York, July 19. O’Donovan Rossa is about to pay a visit to Ireland. THE MAHDI VICTORIOUS. Cairo, July 19. News has reached here that an engage-

ment has taken place between El Senoussi and the Mahdi, in which the former was defeated. AGITATION IN FRANCE. Paris, July 18. There is some agitation in France on account of the Fiona affair.

THE AMERICAN TARIFF. London, July 18. An European Conference will probably ; be convened to protest against the Ameri> i can Tariff Bill. , | (Received 1 a.m., July 22ud.) THE DEMANDS OF BULGARIA. ■ Constantinople, July 21. J The Porte has conceded the demands of Bulgaria, ( THE ARGENTINE FINANCIAL CRISIS. Buenos Ayees, July 17. The President of the Argentine Re- i

public advises the issue of six million dollars fractional currency. Buenos Ayres, July 19.

Merchants at Monte Video and foreign bankers refuse to accept the forced currency for gold payments. The garrison at Buenos Ayres are placed under arms, the people fearing a political disturbance. Gold has now reached a premium of 200.

The military forces in this city have been reinforced, and the garrison kept under arms nightly. Buenos Aykes, July 21. The State of Uruguay is negotiating a loan in London. It is reported that a plot has been discovered having for its purpose the overthrow of the Government of the Argentine Republic. THE SITUATION IN NEWFOUNDLAND. St. Johns, July 21. Sir J. S. Winter, Attorney-General, states that an eminent counsel in Great Britain declares it is illegal to apply the modus vivendi to Newfoundland or enforce the Treaty of Versailles. Sir Baldwin W. Walker, captain of H.M.S. Emerald, has withdrawn the marines from Baird’s lobster factories and has agreed to pay the damages for the illegal closing of these factories. EMIN PASHA’S IVORY STORES. Zanzibar, July 21. , Emin Pasha has authorised Dr Peters to recover his stores of ivory at Wadelai.