NEWS BY CABLE

Southland Times, Issue 13269, 20 July 1895, Page 2

NEWS BY CABLE

British and Foreign

[United Press Association— By Electric Telegraph— Copyright]

LONDON, July 18.

Judge Sir W. V. Williams has intimated that he will probably refuse to sanction any scheme for the reconstruction of the City of Melbourne Bank, which would leave the bank under tho same direction as at present. The Black Flags have inflicted a serious defeat on the Japanese on the island of Formosa. <■

Received 19th, 10.20 p.m. The weekly returns of the Bank of England, published to-day, show the total reserve in notes and bullion to be L 27,904,000, and the proportion of reserves to liabilities 58'42. Consols, 107 J. Three months’ bills are discounted at j per cent. Colonial securities :—New South Wales 4 per cents., 117; 3i’s, 108; Victorian 4 per cents., lOB| ; 3|’s, 101 J; South Australian 4 per cents., 112 ; 3-J’s, 105Jj ; Queensland 4 per cents, 111 J ; 104&; New Zealand 4 per cents., 112 J ; SJ’s, 105 J; Tasmanian 3J’s, 105; West Australian 4 per cents., 119. New Zealand long-berried wheat, ex warehouse, is steady at^26s; South Australian do at 26s 4d ; Victorian is quiet at 26s 6d. For Australian off-coast cargoes sellers ask 265, ouyers offer 6d less. Quotations for N. Z. frozen mutton and hemp are unchanged. Butter is firm. The market is virtually clear of the Australian articles. The wool sales are spirited; prices are maintained and Americans are still buying. Sugar—German beet, best is quiet at 10s; Java is steady at Ils. July 19. Received 19 th, 11 p.m B Persistent though unconfirmel rumours are afloat that a rising has taken place iu Macedonia and that a village and a number of bridges have been destroyed. Personalty in England in the estate of Sir Sjmuel Wilsonia L 135,459. The Khedive has arrived at Constantinople. Australian SYDNEY, JULY 19. The Mornba woolshed, Willcannia, has been burned down. It is believed to have been the work of incendiaries. It was intended starting shearing 120,000 sheep by non-unionists in a few days.

Two horses fell ih the Moree races, and one jockey (Tookim) was killed, and other (Wathan) is unlikely to recover; The net profits of the Broken Hill Proprietary mine for the half-year ended May were L 345.000, of which will bo paid in dividends. At the recent sales 6800 sheep were sold, exclusive of. private disposals, realising L 16.400, compared with 8400 sheep last year fetching L 36,000. Over LBOOO went to Tasmania tor 2700 sheep, while New South Wales received L3BOO for 400 sheep. , Received 20th, 0.30 a.m Cann (Broken Hill), Thomas (Alma), and Lee (Grafton) have been returned unopposed. Paniea, the ninth victim of tbe Broken Hill accident, is dead. During the passage of the Anthons from Kaipara the captain had a scuffle with a seaman named Vandeberg, in which the former had a leg broken. The latter has been arrested. BRISBANE, July 19. At the half-yearly meeting of the Queensland National Bank the profits were stated to be Li 1,400, and a dividend of three per cent, was declared. The Royal Bank of Queensland has declared a dividend of two and a half per cent. In the Assembly the Gambling Bill has passed through committee without malerial amendment. The Treasurer has introduced a Credit Foncier Bill. MELBOURNE, July 19. The Bendigo companies of militia have resigned owing to the reduction in pay. The Mutual Provident Society’s tender at LlOB 3s 9d has been accepted for the Colao municipal luau of LIO,OOO at five per cent. The total tendered was L 164,000. A deputation from the Chamber of Manufacturers interviewed the Premier and urged the establishment of a Board of Trade in preference to the proposed legislation to stop the placing of shoddy goods on the market. The Premier, in reply, said he was not prepared to est ib'ish a Beard of Trade at present, and he doub'ed, with the experience of previous boards, if Parliament would consent to hand over the matter to a board. He preferred and intended to enforce stringent legislation. Received 20th, 0.30 a.m. An enquiry has opened into the circumstances attending the fires on board the ship Hilaria. Counsel for the Crown stated that the steward of the vessel went to bed with the door of his cabin open and when the fire was discovered the door was locked. The steward broke-open the door and saw some one running away from the spot where the first fire broke out. This spot could only be approached through the lazarette, the key of which was kept by the second mate. The evidence adduced showed that suspicion rested upon the second mate certainly in connection with the second fire and probably the first also. Captain Allen gave evidence that the second mate and steward were always snarling at each other.

ADELAIDE, July 19. Smith, one of the small pox patients, is in a critical condition.

Professor Rennie has reported of the bitumen discoveries that the samples treated yielded 60 per cent, of mineral oil which, he says, when properly refined, can be used for binning or lubricating purposes. PERTH, July 19. In the Assembly Mr Leake has given notice of a - motion condemning the Education policy of the Government. In reply to the Premier the leader of the Opposition said it had not his support and therefore it will not be treated as a motion of censure. The Treasurer moved the second reading of the Customs Repeal Bill, the objects of which are to reduce taxation on certain articles of food not produced in the colony, and raw material used in manufactures. It is meeting with strong opposition from protectionists.