LATE CABLE NEWS.

Globe, Volume XX, Issue 1463, 24 October 1878, Page 3

LATE CABLE NEWS.

[From the Melbourne “ Argus.”J London, October 4.

At the inquiry into the Princess Alice disaster on the Thames, near Woolwich, a seaman of the Bigwell Castle —the steamer which ran down the Princess Alice—stated in evidence that the captain, the pilot, and others on board, were drunk, which was the cause of the disaster.

New York, October 4

In the sculling championship of America, distance five miles, Hanlon beat Courtney after a close contest.

London, October 9,

The Christians, acting under the advice of the Russians, are emigrating en masse from the country between Stamboul and Adrianople. October 10.

The British Mediterranean fleet is preparing for a long stay at Artaki, in the Sea of Marmora, A powerful French ironclad fleet is fitting out for the East. It is believed that England, France, and Austria will bring pressure to bear upon Russia in order to compel her to observe the Berlin Treaty in regard to Roumelia. October 9. With a view to check the Russian plans, the troops of the Maharajah of Cashmere have occupied, with Lord Lytton’s sanction, the passes on the north-west of Cashmere. Russian officers who have returned to Central Asia report a complete entente cor diale between Russia and Cabul, Twelve thousand Russian troops on the frontier indirectly support the Ameer. Fearful gales have been experienced on the south coast of England. New York, October 10. A serious railway accident, attended with great loss of life, has occurred at Boston, United States, by which 150 persons were killed. London, October 9. The Cesarewitch Stakes, distance 2 miles 2 furlongs [2B 'yards, were run yesterday at the Newmarket Second October MeetingJester, cb c, by Merrymaker ... 1 Smart ... ... ... ... ... 2 Shillelagh 3 Twenty horses ran, and the race was won by five lengths. October 10. The Middlepark Plate was run to-day at Newmarket, Distance, six furlongs. Peter 1 Victor Chief 2 Gulersburg 2 Eighteen started. Ontario, October 10.

The Australian cricketers played a two days’ match with Twenty-two of Ontario, whom they beat by 29 runs. London, October 11.

The City of Glasgow Bank advances of £2,000,000 to the New Zealand and Australian Land Company are covered by land and wool. The Bank minimum is unchanged. The market rate for three months’ bills is \\ per cent. Money is in moderate demand. Large amounts of foreign gold have been taken into the Bank,

The Bank reserve is weakened by gold withdrawals. It is now £10,250,000. A sum of £1,000,000 has been taken for Scotland, and £2,500,000 for the payment of Government dividends.

The American electric light invention has caused a panic in gas shares. The market for Australian securities shows a downward tendency. The stock markets are agitated by alarmist rumors, but there are no further largo failures.

Consols are quoted at 941. The corn market is heavy and inactive. Adelaide wheat is quoted at 50a to 51s, New Zealand, 41s to 455. The British Government have ordered the creation of an Executive and Legislative Council for Cyprus. Russia desires to occupy Roumelia until the war indemnity is paid, and that Shumla, Yarna, Plevna, aud the Turkish fortresses along the southern bank of the Danube from the borders of Servia to the Black Sea be garrisoned by Russian troops.