NEWS BY CABLE.
MU GLADSTONE'S RESIGNATION REFUSED. TERMINATION OF THE NEW SOUTH WALES DROUGHT. London, June 10. The general opinion on the Continent on reference to the defeat of Mr Gladstone is not one of sympathy with him, but there is a distrustful feeling prevailing in regard to the probability of tiro Marquis of Salisbury 1 and Lord Randolph Churchill coming into power. The younger members of the Tory . party are urging that, if their party take f office, they should do away with tbo Coercion Act, and that loans should be raised instead of imposing fresh taxation on the people. Wool.—At to day’s sales 12,700 bales were catalogued. The tone of the market wag irregular.
Three per cent consols remain at 'J7JNew Zealand securities are unaltend. The Bank rate of discount is 2 ptr cent, and the market rate is 1 per cent. Colonial breadstuff's and tallow are without quotable change. Juno 11. Tenders for the Loan of 1100,000, at 1 per cent,, for the Grevmouth Harbor Board were opened todiy, when tbo total amount tenderedfor was found to be £276,000. Tenders at £OS 10s received 50 per cent of their application, above in full. The tenders for the Westport Harbor Loan of L 150.000, at 4 per cent were also opened, the amount of subscriptions being £302,000. Tenders for the latter at £OS 10s, receive OS per ecu!., above in full. June 12. The Times this morning states that Her Majesty the Queen has declined to accept the resignation of Mr Gladstone and his eolleague? without being furnished with further reasons for their retirement.
Her Majesty the Queen is expected to leave Balmoral for Windsor immediately.
Cairo, Juno 21. Information from Tort Maid states that a barge lias sunk in tbo Suez Canal, and that traffic will probably bo blocked for fully a fortnight before the obstruction can be removed.
Albany, June 12. The transport Arab, with the New South contingent aboard, arrived hero to-day. During the voyage one death occurred. The troops are in exccdlentjheaith and spirits.
Sydney, Judo 12. Heavy rain 3 have fallen throughout the colony, and the drought is practically ended.
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Bibliographic details
Wairarapa Standard, Volume XVIII, Issue 1694, 15 June 1885, Page 2
Word Count
357NEWS BY CABLE. Wairarapa Standard, Volume XVIII, Issue 1694, 15 June 1885, Page 2
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