ARRIVAL OF THE SAN FRANCISCO MAIL.

Globe, Volume VIII, Issue 836, 27 February 1877, Page 2

ARRIVAL OF THE SAN FRANCISCO MAIL.

ADDITIONAL NEWS.

Trade in England is dull, and freights to New Zealand are unprecedentedly low, Russia has ordered fourteen Krupp llin guns for Cronstadt It is expected that an exchange of prisoners between Servia and Turkey will take place shortly.

A considerable force of Circassians and Bashi Bazouks advanced against Negotian on the 2nd of January and were repulsed by the garrison. According to information received at the Servian head-quarters, thirtyfive Cossacks and one hundred and eleven Turks were killed. As a fresh attack is apprehended, Kladaw is being fortified.

Private advices from Russia continue to afford strong evidence of injury done to the mercantile community by the apprehensions of war.

The Times Vienna special says Servia, in consenting to peace negotiations, insists on two points. On the first, concerning the remission of the arrears of tribute, there will be probably little difficulty. The second point insisted upon by Servia is that the River Dwina should form the frontier of Servia. This would imply the cession of Servick, an Island in the Dwina. Another difficulty ia the Turkish demand for guarantees. Servia has demanded a statement of the guarantees required, but has not yet received an answer. The Times Berlin correspondent says Russia seems to have decided upon a peculiar plan. She trusts she can support the strain of prolonged mobilization better than Turkey, and will therefore keep troops on the frontier, thus compelling Turkey to do the same. If Turkey follows Russia’s example people will demand peace at any price. Russia has made a fresh but unsuccessful attempt to raise a loan in Amsterdam and Germany. She will be obliged to have resource to an increase of her floating debt and the issue of Treasury bonds. War preparation continues with energy. Servia is making urgent appeals to the Western Cabinets to support her in refusing the demands of Turkey. The Russians, in order to redouble their pressure on Turkey, will probably cross the Pruth, if not immediately, at least at a later stage. As soon as it was known that Turkey had made overtures to Servia the Russian representatives at the various Courts declared that Russia had no objection to the conclusion of peace. The Pope has received the students of the American College, who read an address, and presented a sum of Peter’s pence. The Pope, in reply, referred to the marvellous progress that Catholicism was making in America. A cable special says the German Government are in possession of ample proof of the existence of a large Monastic conspiracy in France to endeavor to gain power in that country for purposes hostile to Germany. Die ship George Green has been lost with all on board.

The Times Paris special says it is affirmed on all hands that a brisk correspondence is progressing between Russia and Germany. Some assert that Russia wants to know whether she could enjoy the fruits of victory if she achieves one.

The barque Bobt Kelly came into collision with the barque Huddersfield, of Liverpool, off Start Point. The Huddersfield sank im mediately, and fifteen persons were drowned. Eighty-six deaths from small pox have occurred in London in one week. The Public Prosecutor in Germany has instituted proceedings against the son of Count Arnim, on account of an offensive newspaper article. la consequence of the breaking up of the ice at Pittsburgh, the loss is estimated at three million dollars, four hundred coal barges and nine steamboats have been destroyed. Only three or four fatalities are reported. The ice is piled up twenty aud thirty feet high in places. The Indians captured a travelling party and slaughtered twenty. Congress has appointed a commission for the purpose of securing to America the trade of Cuba.

The Patriots have defeated the Spanish troops in two engagements. A Palmas telegram says there is a disturbance in Cauca. On the 20th they attacked the city of Cali. They overpowered the email guard, freeded the political prisoners, and succeeded in organising a force of about three hundred men badly armed, and began to prepare for resistance. Before many days, however, the Liberals surrounded Cali with forces of between 2000 and 3000 men, and on the 24th attacked the Conservatives who soon succumbed. General Penalider, of the Liberal forces at Oali, gave orders that no prisoners should be taken alive, and the town should be delivered over to the troops. The consequence of this was that every Conservative who was caught with or without aims was shot down. The houses were sacked and the residents shot down, the furniture destroyed ; all other kinds of outrages committed. All the storerooms and warehouses of merchandise were sacked. Foreigners shared the same fate as the natives. It is reported that the number killed reached 800, including women and children, Dr Vicenti Borrero, aged ninety, was one of the Columbians slain. The town of Palinaa was threatened but escaped by paying a heavy ransom, Jem Mace, champion of England, is a passenger for Sydney by the Zealandia. COMMERCIAL. San Francisco. February 3. Flour—6dols 27c to 7dols 12c; wheat, 2dols to 2dols 12 jC ; salmon, one pound tins, Idol 50c ; Devoe’s oil in 100 case lots, 44c for screw top cans, and 45c for faucet cans; oleophine, 45c ; Downer’s 50c to 52c. The Hon James Young, Canadian commissioner, is deputed by the Government of the Dominion to report on New Zealand and Australia as fields for the development of Canadian commerce. Two ship loads of labor saving machines are now on the way to Australia. London, The No v Zealand Loe.n and Mercantile Agency circular of January 13th reports Bank of New Zealand invites subscription by tender for £IOO,OOO 6 per cent debentures, being first moiety of an issue of £200,000 authorised by the G eneral Assembly of New Zealand for the purpose of providing efficient drainage for Christchurch and district. The interest is payable in London in June and December, and accrues from 31st ult, redemption to be effected at par in 1926. The minimum of the tender is fixed at 98.

The annijal report of the New Zealand Loa,a sad Hematite Agency Oompaay for

the year ending .list December, showa a net profit of £31,560. The directors will recommend a dividend of 10 per cent, of which 5 per cent was paid in July, and a bonus of 5 percent, making 15 per cent for the year. The appropriation will leave a balance of £ll 342, of which it will be proposed to add £BOOO to the reserve fund, and carry the remainder forward to the nest account. The reserve fund will bo further increased by a premium of 10 per cent on the issue of 40,000 additional shares, authorised by the extraordinary general meeting, held on the 11th of February. 1876, This fund will then stand at £IOB ot'o. The annual meeting is fixed for the 2nd proximo.