EUROPEAN.

Nelson Evening Mail, Volume XII, Issue 89, 17 April 1877, Page 2

EURO P E AN.

London, Saturday. . Tbe Earl of Derby expressed regret that the circular of the Porte was against peace. The Marquis of Hartington, in moving for the production of .additional papers, asked how the Government reconciled the protocol with the integrity and independence of the Porte. " Mr Hardy, the Secretary for War, refused the papers. He said England's last word was in favor of peace, and strong objection's were uttered against war with Turkey when England signed ; the protocol, offered by the Russian Chancellor. The motion of the Marquis of Hartington was withdrawn. The demands of Montenegro , have been finally rejected. Hostilities have recommenced. The Russians are advancing on Jassy. Russian reserves on furlough are ordered to rejoin. Declaration of war believed imminent. Reserve of Roumanian Permanent, Army called out. A war panic occurred on the Stock Exchange, a ; nd during ■the week consols felt one-half, and are now ! at 96. Russian fell 5; Turkish, I; money easy'; minimum discount exchanged. Australian securities unaffected. ; ' • ' The Oamaru loan has all been subscribed j for 'above par. ' ■ The court martial on Captain Stevens,' of ,H.M.S.Barracouta, resulted in his dismissal from the service. The third immigrant ship left New York i for Sydney with 350 souls. ; A fire occurred in one of the ,St.- ; Louis' ; hotels, and 50 persons perished. Wool market depressed, owing to the prospect of war and heavy arrivals. Wheat is at excited prices, and advancing; New Zealaud, 57s to 595. The Chancellor of the Exchequer iu his Budget estimates the surplus at the end of the year at £445,000. lie estimates the revenue of the United Kingdom at £79,000,000, and the estimated expenditure at £78,790,000. There is no increase or remission of taxes.