THE LATEST.

Timaru Herald, Volume XLIII, Issue 3539, 1 February 1886, Page 3

THE LATEST.

(fIzDTER's Agency.) [Received 1.15 a.m., Feb. Ist. I London, Jan. 30. It is announced that Mr Gladstone has set about the formation of a, Ministry, but nothing is known a3 to its constitution except that the Marquis of 3artington will have a seat m the Cabinet. Consols have advanced to 100|t. New Zealand securities and colonial bread-stuffs are without alteration m value. Tallow has fallen Cd per civt. Australian beef tallow of fair average quality is worth 25s (3d per cwt ; do mutton, 20s. The Bunk rato is 3 per cent, and the market rate I§. At to-day's wool sale a catalogue of some 11,000 bales was submitted. Tho market remains quiet, but steady. The present series of colonial wool auctions will close on Saturday week, 13th Feb. (SpKCrAI. TO TDK PRKSS ASSOCIATION.) (Eeceivcd i> p.m., Jan. 31st.) London, Jan. SO. At the wool sales to-day tho prices were unchanged. Tho number of bales catalogued was 102,000, and of these 10,700 were withdrawn. The wheat market has lo3t its recent firmness, but the values have not changed. Ex warehouse, wheat is quoted at o(!s. Buyers refuse to offer more than lU3 Cd fur a Victorian can;o which is on tho passage. Ni> sales of off coast cargoes aro recorded. Tlie flour market is dull. A parcel of Australian flour on tho passage has been offered at 24a. . The Adelaide Smelting Company are offering £10,000 worth of debentures at 10 per cent. The French Government aro accusing England and Germany of dividing the Pacific islands between them. Sir Michael Hicks-Beach will not grant the Agents-General an interview on tho question of import duly on colonial wines. The information that Mr Henicker He.iton was sliortly to be knighted, is without foundation. In connection with tho Island of Raiatea, England is to enjoy equal commercial advantages with France. Good authorities on financial matters express tho opinion that the Victorian loan will bo floated at over 105 Tho Economist expects thai tho loan will be a decided success. The Wine and Spirits Association of Great Britain are urging the Government to adopt an uniform duty of eighteenpence per gallon on imported wines with a maximum of 39 degrees. Tho Melbourne Tramway Company Loan is quoted at a premium of nearly £3. Prince Bismarck jnstiGes tho expulsion of the Poles from Prussia on tho grounds that they are disloyal. It is bel'.evod that m the now Ministry, Sir Vernon Harcourfc will bo Chancellor of the Exchequer, and the Hon. Mr Chamberlain Secretary of Stato for Irelaud.