COMMERCIAL.

Timaru Herald, Volume LXXVI, Issue 11665, 25 January 1902, Page 2

COMMERCIAL.

United Press Association—Per E.jctrio Telegraph—Copyright. Received 12.53 a.m.. January 24th. LONDON, January 23. The American visible supply of wheat is estimated at 93,215,000 bushels. ' At the wool sales there is brisk general competition, and opening prices are fully maintained. Received 10.35 a.m., January 24th. At the wool sales, the Arcoona clip sold at 6|d, and the Fairfield clip at 64d. The bank rate of discount has been lowered to 3£ per cent. The Press approves of the Commercial I Bank of Australia reducing their capital. Copper, spot." 48£ ; three months, 48|. [ Tin, spot, 107£; three months, 104. Lead, 10J. Received 9.55 p.m., January 24th. BERLIN, January 25. The German Imperial loan has been covered sixty-fold. IMI'KKIAL PARLIAMENT. L!m\«sd Press Association—Per Electric Telegraph—Copyright. Received 10.14 a.m., January 24tl>. LONDON, January 23. In the House of Commons an amendment to the Address-in-Reply was moved by Captain Pine in favour of counties in the United Kingdom, and negatived without a division.

Mr Ritchie said that the proposal was 'subversive of the Constitution and that England and Scotland did not desire a change. If local Parliaments were created members would refuse tq confine their attention purely to local affahs. A discussion on Imperial questions in different legislatures within the Kingdom would inevitably weaken the Empire. The County Councils were working admirably and might advantageously enlarge their powers. The second reading of the Deceased Wife Sister Bill, which was introduced by Mr Rutherford, member for the Darwin Division of Lancashire, will be taken on February 4th. Mr James Wanklyn, member fur Bradford, shortly moves. , and Mr John C. Wason, member for Orkney and Shetland, seconds an amendment on the Address-iu-Reply, urging the prosecution of pro-Boers for seditious utterances

Received 1 a.m., January 25th. LONDON, January 24.

Mr Brodrick, in the House of Commons, stated that Scheepers was executed for seven cold-bloded murders of natives and the flogging of ti white man. Mr Balfour said that no peace proposals had reached the Government since July from anyone able to speak on behalf of the Boer leaders.

Mr Redmond moved an amendment, complaining of the Government's refusal to introduce a measure for compulsory land purchase. He referred to the revival of coercion and the suppression of free speech,

and declared that resistance was a duty, while rebellion was a question of expediency.

Mr J. V. Hiiyden, member for Roscommon, in seconding the motion, asserted that there were 2000 branches of the Land Leagues. Mr Wyndham, in reply, said that out of 211 persons now boycotted, only 27 were attributable to the League. The League's branches were exercising a prejudicial economical effect. An ill-considered scheme of compulsory land purchase must defer for years the housing of the British poor. The Government intended to furtlier all necessary agricultural and industrial projects in Ireland.