THREE DAYS' ULTIMATUM.

Dominion, Volume 6, Issue 1563, 5 October 1912, Page 5

THREE DAYS' ULTIMATUM.

MANY RUMOURS CURRENT IN LONDON. '-.."■ AUSTEO-EUSSIAN UNDERSTANDING London, October' 3, It is rumoured that a three days' ultimatum will be given to Turkey to-day, and that, if it is rejected, the Powers will be informed that war will begin after a further lapse of three days. Tho Powers have made strong representations to the various Balkan States in favour of peace. There are indications that Austria and Russia havo arrived at .a close understanding to prevent war, and that, if they fail, they will take the necessary for circumscribing any outbreak of hostilities. The 'Tall Mall Gazette" states that at the Legations* of the Balkan Allies in London there has been received an ultimatum which is to be submitted to the Powers before it is sent to "Turkey, demanding autonomy in Macedonia, Albania, and Old Servia, similar to that enjoyed by Crete. . .... > ; •■... ... . Reutcr's Agency states that Turkey.has notified tho Powers that owing to the Balkan States' aggressiveness she reserves full liberty of action to safeguard her rights. . FRANCO-RUSSIAN PEOPOSAL. (Eec. October 4, 11.20 p.m.) London, October i. The Balkan legations deny the "Pall Mall Gazette's'.' story. Other advices declare that the-MemoTandum has not been presented owing to tho influence of the Powers, and that the text is milder than was originally intended. Rumania will not mobiliso her army at present, though grand manoeuvres are just beginning. "The Times" states that it is reported that Eussia has submitted a proposal to France and. Britain suggesting that pressure should be applied to Turkey, but neither Power has so far accepted the proposal. SPECULATORS RUINED. . EUROPEAN EXCHANGES NERVOUS. PANIC-STRICKEN INVESTORS. London, October 3. The Stock Exchange is in a nervous state. There has been heavy selling if foreign bonds. ~...'■ The Continental Bourses are depressed. Hundreds of thousands of pounds have beon lost by panic-stricken investors in Germany.. ■ ' The "Daily Mail's" Vienna correspondent says that many speculators have been ruined by the' debacle on the Stock Exchange. Tho ' most stable stocks fell heavily. BERLIN MORE HOPEFUL. *■ (Eec. October 4, 11.25 p.m.) . Berlin, October 4. A more hopeful' feeling now prevails, and it is believed that the Balkan Allies will not be sorry if pressure by the Powers affords tjie/n a pretext for sheathing their swords. , The Continental Bourses are-firmer. The newspaper "Lokal-Anzeiger" rebukes the German Bourses for failing to exhibit self-control in tho Balkan crisis. Most of tho newspapers see the chief hope for peace in the empty Balkan war chests. TURKEY IN DEFENCE. DENIES PROVOCATIVE ACTION. POPULAR EXCITEMENT RISING. (Rec. October i, 0.25 a.m.) Constantinople, October 4. The Porto's Noto to the Powers states that the Government, being desirous of promoting the natural development of tho new regime, has continuously pursued a pacific policy towards the Balkan States, and has sedulously avoided provocative acts. Tho warlike preparations of tho Balkan' States are declared to be duo to their desire to satisfy their individual ambition. i Reliable information is to the effect that nn ultimatum demanding autonomous connitions 'in Macedonia will bo delivered by the Balkan States on Monday next. Four thousand students hnve demonstrated in favour of wnr. They cheered. the various Embassies, and particularly fho British Embassy. Though order has beon maintained tho excitement, of (lie populace is rising. Tho Bulgarian Legation has been strongly. guarded owing to hostile de-. monstrations. Nazim Pasha has been appointed to . the supreme command of tho army. ■

BORDER, FUSILLADE. Cetinje, October 3. - Turks fired on Montenegrins on tho border, nenr Berann. The Montenegrins did not reply, SIX GREF.K STEAMERS DETAINED. London, Octobor 3. Lloyd's Agency reports that six Greek steamers are detained in tho Dardanelles. DESTROYERS FOR GREECE. London, October 3. Greece has paid over half a million pounds for four Argentine destroyers. They sail to-day under English officers. BRITISH NAVAL MOVEMENTS. (Rcc. Octobor 5, 0.25 a.m.) London, October 4. Owing to the Balkan crisis, tho secondclass cruiser Yarmouth, now at Gibraltar," has been ordered to Malta, and the cruiser Weymouth lias been ordered to Suda Bay, Crete.