ENGLISH CABLE.

Timaru Herald, Volume XXIX, Issue 1344, 10 January 1879, Page 2

ENGLISH CABLE.

[The following additional iteni3 of cable news are from Melbourne papers.] Loxdox, Dec. 29. The distress m tlie manufacturing districts is increasing. A rumor is current of the unsafe position of another large Bank. All the European Courts have gone into mourning for the death of PiinccS3 Alice of England. Constantinople, Dec. 29. Large bodies of Russian troop 3 are returning home ; but there i 3 still a heavy force at Adrianople. ItJ is stated that the Porte, immediately on hearing of Shere Ali's flight, advised Yakoob Khan to submit to the British. Shere Ali is said to be on his way to St. Petersburg, to petition fur assistance against the tribes who overthrew him. Hong Kong, Dec. 29. A destructive fire has been raging here for two days, occasioning great los 3 to property. Bombay, Dec. 30. Yakoob Khan was procliiin i.l Ameer by the Giiilzies, one of the most powerful of the Afghan trihes. An attempt on h'g father's (Share Ali) life was mide, but failed. A telegram from London states the weather to be very cold and severe all over England, which is adding still further to the distress amongst the working classes. [Reuter's Agency.] London, Jan. 3. Money is m less demand, and rates are dropping. The market rate for three months' bills is 5 per cent. Large amounts of foreign gold have been takfu into the Bank, and the reserve has been increased by nearly £1,000,000. The stock markets are buoyant. Consols, 95^. The market for Colonial Government debentures is quiet. The South Australian loan was fully subscribed, the number of tenders lodged bein^ 300, and the average price tendered £88 sa. Bank dividends were generally small last year. The corn market has a downward tan- I dency. Adelaide wheat is neglected, and i 9 selling, according to quality, at 39s to 50i ; New Zealand, according to quality, at 41s to 453. (Special to the " Timaru Herald.") London, Jan. 5. Twedie, Williams and Co. , bankers of Truro, have suspended payment. Their liabilities are unknown. Jan. 6. The Macedonian insurrection is crushed. The Turkish troops are said to have committed frightful atrocities.