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Star (Christchurch), Issue 3356, 10 January 1879, Page 3

LONDON, Jan. 3. Money is in less demand ; rates are dropping. Market rate of discount, three months' bills, 5 per cent. Large amounts of foreign gold have been taken into the bank, and the reserve has been increased by nearly a million. The stock market iB buoyant. Consols, 95-}. The market for Colonial Government debentures is quiet. The South Australian loan was fully subscribed. The number of tenders lodged was 300, and the average price tendered £88 ss. Bank dividends generally are smaller than last year. The corn market shows a downward tendency. Adelaide wheat is neglected — selling according to quality, 39s to 50s ; New Zealand, according to quality, 41s to 458. Jan. 5. Messrs Tweedie, Williams and Co., bankers, Truro, have suspended payment in consequence of a run. Their liabilities are unknown. The new South Axistralian loan tenders have been opened. Prices range from 88 to 90. A proposal submitted to take the whole at the minimum was declined. Jan. 6. The Macedonian insurrection has been crushed. The Turkish troops are said to have committed frightful atrocities. [Reuter's Telegrams.] PARIS, Jan.. 5. The French Senatorial elections give a great Republican triumph. Fifteen Conservatives and sixty-four Republicans were returned. CAPE TOWN, Jan. 5. The frontier disputes at the Cape have been settled in favour of the Zulus. LONDON, Jan. 6. New Zealand Fives, 99.