THIS MORNING'S CABLES

Southland Times, Issue 10201, 5 July 1889, Page 2

THIS MORNING'S CABLES

BRITISH A2TD FOREX32T [United Pbess Association — By Eleo tbio Telegkaph— Copyright] LONDON, July 3. Received 4th, 9 p.m. Sir S, Samuel, Agent General for New South Wales, foreseeing that Mr Q-oschen'a scheme for the conversion of consols woeld release large sums of money, urged the floating of the N.S.W. loan a month ago, The money market is very favourable, and it is the opinion in the city that the loan will be LlO3 5s to LlO3 12s. Mr Davitt stated that if Mr Parneil obtained Home Rule for Ireland he would give him loyal support, although his (Daviti'o) tfews weie more advanced than those of his leader. He fully admitted the truth of what bad been said in description of his conduct and utterances when Fenians were condemned for the Phoenix Park and other outrage?. At the wool sales fine crossbred s and good merinos, especially N.Z. scoured, are selling well. Middling merinos are irregular in price. Ad Australian wheat cargo has been sold at 34s per quarter. The action with the Dervishes at As* souan extended over seven miles and the fighting was of a Btnbborn character. The British contingent under Colonel Wodehouue made 500 prisoners. At the reception of the Shab at Guildhall Lord Salisbury, addressing tho Persian Monarch, said that England watched with sympathy the policy of his country, which was developing commerce and freeing his subjects, and it was hoped would strengthen bis res creep. The British Government were preparing treaties which would enable Persia to pursue a policy of p ace and advancement and such as wouir', he hoped, lead to a reciprocity of friend ship for Britain. The Shah nodded his aesenfc.