EUROPEAN CABLEGRAMS.

Tuapeka Times, Volume VI, Issue 269, 27 March 1873, Page 6

EUROPEAN CABLEGRAMS.

London, Mar h 5. Colonial wool has declined a penny to twopence since the opening sales. Mr Helmuth $chwartz,e reports that seventyfive thousand bales have been sold, and five thousand withdrawn. Superior Victorian fleece and grease, twopence lower than tbe December sales 3 good Austra'ian fleece, threepence 5 superipr, threepence to fourpence ; and inferior grease, threepence lower. The fall on greasy wool is nearly twenty-five per cent., as compared with the sales in February, 187,0. Gredalla and Co., colonial brokers, have failed. Ihe Bank of Australasia has declared a dividend of ten per cent. In the House of Commons the Government, on the motion of Mr Samuel Plimsall, member for Derby, agre§d to appoint a Royal Commission to inquire into the condition of the mercantile marine, with a| view to remedy-, ing certain evils complained of. Mr Plimsall's book, on the condition of the merchant seamen, has produced an angry feeling among shipowners. The Hawaian Government, under the reciprocity treaty, has ceded to America the Naval station, near Honolulu. March 7. Mr Jacomb reports of the wool sales that the market has been drooping from opening, and all descriptions are lower : greasy, twoI pence to 'threepence compared with prices in Februaiy, 1872. Seven thousand tfcree

hundivd bales have been withdrawn. Buyers are &l athd ie aud foreign competit ion slender. March 8 Wool is improved, and the competition better for fl ccc and greasy combing sorts, which arc slightly dearer. An Australian pearl fishing compauy has been formed, with a capital ot L42,(/00. In- the debate in thy House of Commons on the Irish University Bill, the majority of the speaker?, including many Libtral members, condt mnetl the measure, and the Press generally is adverse to tbe Bill. Lord Kimberley, in replying to a question by Earl Lomlesdale, said twelve thousand Ashantees had invaded British territory; but tbe cause of the invasion was unknown. In the House of Commons Lord E. Cecil moved a resolution that the Colonies contribute ..according to their population and wealth towards the defence of the Empire. This was opposed by Mr Foster, Mr KnatchbulUQughcsson (Under-Secretary for the Colonies), and Mr Gladstone ; upon which, the motion was withdrawn. . Government annuities have been granted to the sisters of , Lieutenant Waghorn, tlio pioneer of' -the" Suez route. The for.cd bills were negotiated by the Bank of England, the Hothschihls, the Barings, .the London and Westminst -r Bank, the Union, Bank, and London, German, and Belgium banking firms. Warren, the principal, has not yet been arrested, but throe accomp ices are in custody. Commercial — The exports for February are twenty-three and a third millions ; the imports, twenty seven aud five-eights millions. Money is hardening. New Zealand Consolidated Fives, , 104. Tallow, quiet ; sperm, unaltered ; wheat, easier in consequence of large arrivals. The' Edwin Fox has re-sailed for Canterbury. Parts. March sth. Theirs's speech in the <* ssembjy confirms the statements of M. Dufaure, maintaining tbe Bordeaux pact The prejimble of the Bill submitted by the Committee of Thirty has been vote!. The Germans retain possession of Belfort until the whole of the indemnity money has been paid. March 7. The Assembly voted two clauses of the Constitutional .Bill, and referred it to tbe « oromittee of Thirty for amendment, in that it shall exempt constitutional Bills from the Presidential veto. March 9. In the Assembty, at Versailles, hostility has been shown towards the terms of the Anglo-French Treaty. Madrid, March 5. The Carlists are overruning i^orthern Spain, and partial defection has taken place among the troops. March 6. The majority of the Assembly at Madrid oppose the Government Bill suspending its sittings, and convoking the constituent Cortes, which will probably result in a Cabinet crisis. This opposition exasperates the Bepublicins. March 9. The Assembly has voted by 186 against 19, the Bill of the Government ordering a general election and, the convoking of the constituent Cortes. A Federal Republic has reni proclaimed at Barcelona, and the excitement has since been subsiding. Washington, March 5 President Grant delivered his inaugural message to-daj\ He expresses a belief that the whole civilised world is fast tending towards republicanism, and that Governments are not necessarily weakened by territorial extension. He furthtr adds that he believes God is preparing tbe world to become one great nation. It would, the President says, be his endeavor to civilise the Indian tribes, but, f unsuccessful, he would exterminate them. LATEST. London, March 10. In the House of Commons, to-day, tbe Hon. Mr- Gladstone said the Government would ask Parliament to vote a sum of money, in order to present pieces ot plate of the value of L 1,200, 200 to the Swiss. Italian, and Brazilian Arbitrators, for the services of the Commission at the late proceedings at Geneva. The debate on the second reading of the Irish University Bill is being proceeded with. Mr Vernon Harcourt, Sir Dominick Corrigan, and Mr Miall, supported the Bill generally, but objected to its details. Messrs. Smith, Ball, Connolly, Blennerhassett, Bentwick, Bsrnal Osborne, and Viscount r ewport, opposed it. Mr Cardwell spoke in its defence, and the debate was adjourned. The defeat of the Government on this question is expected. The Civil Service Estimates have been introduced. They amount to L 18,419,698, being an increase of L 4 4,625 on the previous year's, The Ashantees contest the transfer of Elmind. Thiers is unwell. Shipping.— Arrived, March 5 5 Countess of Kintore, from Auckland j J. N. Fleming, from Port Chalmers. The Califorriian mail service has been discontinued. March 11. MrTrollope's new work, "Lady Anna,' has been purchased for publication in Australia. The February exports are : — Victoria, L 505.000; Sydney. L29O,O0O ; Adelaide, L 131.200.

Wellington, March 22. A small steam launch, about 3 tons burthen, imported by the Porfarshire. left for Auckland to-day under steam, with three persons aboard. It is expected that the voyage will laßt about ten days. A match was rowed this afternoon between the Stella and the Dolly VarJen. The latter won by about six lengths. The distance was the same as at the last Champion race, and the time was 18mm. 2secs. Captain Fox, of the \ orf arsbire, is fined Ll2 10s each on four informations for breach of the Passengers' Act, in not giving the passengers sufficient water during the voyage. The Assistant Law Officer stated that the Government intend to proceed in every case reported of any breach of the Act. The Bench thought the captain was only to blame for not having put into some port for water, but that a serious amount ot blame was attachable to the pwners or charterers.