NEWS OF THE WORLD.

Gisborne Standard and Cook County Gazette, Volume IV, Issue 595, 16 April 1891, Page 2

NEWS OF THE WORLD.

[by electric telegraph—special to STANDARD.] BIUTISHfAND FOREIGN. The Italian Minister has left Washington. Diamonds have been discovered in British New Guinea. The Rothschilds have arranged the Russian conversion loan. The British Labor Commission meet in a fortnight. The Hayward sealers’ case will be heard on the 15th. Ex-King Milan agrees to leave Servia till his son attains his majority. Influenza is spreading through Yorkshire and Sheffield.

The Barings’ liquidation is expected to result in a loss of 5s in the pound. The market for good wool is still firm. Russia continues to concentrate troops on the Austrian frontier. France is mobilising troops on the German frontier. It has been agreed to renew negotiations for reciprocal arrangements between Canada and the States on October 25. President Harrison and Secretary Blaine have disagreed over the question of Canadian reciprocity, and it is expected that Mr Blaine will contest the next Presidential election. The police dispersed a meeting of mill hands on strike at Bradford with batons. The military were held in readiness. The Bulgarian Government is addressing a note to St. Petersburg, proving the connection of Russian officials with the murder of the Minister of Finance, and demanding their punishment. Lord Salisbury has released the Cape Colony from the annual payment of ,£20,000, cost _of administration of Bechunaland, which will be annexed to the Cape.

The London and Dublin Trades and Labor Council intend to petition for the release of Wilson, Secretary of the Seamen’s Union, who was inciting strikers at Cardiff to riot. The London Star states that warrants have been issued against Captain E. H. Verney, M.P. for Bucks, and one of the Ulster members, for separate grave criminal offences. The Ulster man is alleged to have absconded. Smith’s furniture warehouse and the Dime Museum, in Chicago, have been destroyed by fire. The loss is estimated at two million dollars, Many of the wild animals aud monsters confined in the Museum perished in the flames. The influenza has spread to New York and to Brooklyn. Numerous deaths are reported, and coffins are conveyed to the burial ground in waggons, hearses not being available in sufficient numbers. Madame Melba’s house has been burned. The prima donna escaped by a ladder, in her night dress, carrying her jewels with her. She caught a severe cold from exposure in the night. Revolting details come to hand of the fate of the persons captured by the Manipuris. Commissioner Quinton, two officers, and a bugler were hacked to pieces and their mutilated bodies thrown outside the walls of Tair.u and devoured by dogs. Grimwood and two other officers were shot, and their bodies similarly treated. Lieutenant Grant’s ammunition was almost exhausted when he was relieved. The detachments under Lieutenants Grant and Presgrave retired. The fate of the chief Senatarita, who provoked the revolt, and who was reported to have been killed during the engagement with Lieutenant Grant’s detachment at Thonal, is uncertain. The reilef columns are rapidly massing at Kohina, Sitohar, and Tatu. Lieut. Boileau, wing officer of the 2nd battalion of Ghoorkas, who escaped from Manipur, denies the statement of the usurper Jobray, that women and children were burned to death by the Ghoorkas. Lieut. Grant had nine days’ heavy fighting before he was relieved.

On the tenders for the Victorian threemillion loan being opened, it was found that only £1,979,000 had been subscribed. One tender was added in order to make £2,000,000, and the balance was withdrawn. Three hundred and fifty-two tenders were received. The largest was sent in by a life insurance company, for £145,000, at a shilling premium. The London and Westminster Bank took £300,000 at a minimum. The failure of the loan is attributed to the abstention of the associated banks and syndicates, through fear of an increase in the bank rates, and additional withdrawal of gold. The general opinion in the city is that the rebuff will prove a valuable lesson, and show Victoria that she must put a check on borrowing. Many people express surprise that so much was subscribed, The average price of the loan > s £97 2s 4d. Financiers consider the failure of the loan is the result of the depressed state of the money market and overborrowing, and declare that it would be fruitless for any of the Australian cgloqies to attempt to place another loan in the London market within the next twelve months.