EUROPEAN NEWS.

Evening Star, Issue 4159, 26 June 1876, Page 3

EUROPEAN NEWS.

(Per Arawaia at the Bluff)

London, May 25. There is a semi-panic on the Stock Exchange to-day, caused by general anxiety regarding Eastern affairs. The Porte has refused, though inofficially, to take cognisance of Gortechakoffs memo, read at Berliu, and will reject it unless modified. May 26. The * Times ’ this morning published a statement that England reiterates her refusal to join in the terms as read at the Berlin Conference. L< ngland declares that the Berlin Conference, in which three powers join, though professing to maintain the principles of Andrassy’s note, departs from its convention, and its demands being unreasonable show that power no longer to be an impartial mediator. France proposed a conference of guaranteeing powers.

May 28. There are rumors of a European conference on the Eastern, question. The Inn Benchers, after fruitless correspondence with Br Kcnealy, have commenced legal proceedings to compel the surrender of his chamber. The doctor has threatened an action against the Benchers for injuries sustained.

May 29. A panic has occured on the :<tock Exchange to-day, caused by the intelligence that the foreign fleets were assembling in Bessica Bay, near the entrance to the Dardanelles. Tbe ironclad Sultan sailed from Portsmouth to-day for the Mediterranean, under the command of the Duke of Edinburgh. General anxiety on account of Eastern affairs is unallayed. Lloyds are asking war risks. Three more ironclads have been ordered to the Mediterranean, taking a number of men for the British Squadron. May 30. The announcement that the Sultan has been dethroned was officially made to-day. His nephew, the heir presumptive, Murad Effendi, has been proclaimed Sultan in his stead. The deposition was effected peaceably by the Ministers of Abdul Aziz, and he is now a prisoner. The London press considers that the dethronement of the Sultan favors the peaceable solution of the Turkish difficulty. In replying to a question this evening, Mr Disraeli said he had just received a telegram from Sir Henry Elliott, in which the only interesting fact was that Constantinople was tranquil, and the Mussulman population content. He hoped that the presentation of the Berlin memo, would become needless. The situation, he allowed, was critical, but he had taken all precautionary measures, and wished decidedly to state that the interests of England are best studied and her honor vindicated by taking part in contri outing towards the maintenance of peace. English Consols have fallen over 1 per cent.

Mur \d Effendi haa reduced the civil list, and has promised to relinquish the revenue derived from Crown property, to improve finances and education, to reorganise the State Couacil and Ministry for Justice, and will instruct the Ministry to devis- a form of government that will be most suitabb to all the subjects of the Empire, securing liberty* to everyone. He hopes that the friendship between the Empire and the great powers will be drawn still closer. Finally, he proclaimed his accession to the throne of Turkey, by the grace of God an I the will of the people. The Prince of Wales is confined to his room with virus in the leg. New Zealand wheat is firm at 50s to 535.

The following is the result of the Derby running :—Mineral colt, 1; Forerunner, 2 ; Julius Caesar, 3; Petrarch, 4; Skylark, 6. St. Petersburg, June 1. The Journal tie St. Petersburg dwells on the difficulties which beset the path of the new Sultan, and declares the necessity of big acceding to the wishes of the great powers. Washington, May 25. The report of the Committee of Inquiry into the conduct of General Schenck acquits him of the charge of fraud, but strongly censures his conduct. AUSTRALIAN. Melbourne, June 19. Stevenson's case was dismissed by a clear majority of the Bench with LISO costs. Other cases are yet to be brought against the firm in the Supreme Court. The charge against Sincock, brought at the instance of the Bank of New Zealand, was dismissed. Another charge will be brought during the week.

Two English defaulters have been arrested one at Fiji, and the other in MelBourne

The Ministry will attend two banquets this week before opening Parliament. The weather is very severe. Cold winds and hail storms ; snow has fallen on all high ground in the three Colonies.

The loan of three millions is likely to b placed on London market in October or iS •veraber.

Everything is very dull, and there are great complaints in business circles. Brandies scarce, and selling up to 31s 6d. Kugars and teas are going off freely at full rates.