LATEST CABLE NEWS.
(REUTER'S SPECIAL TO. PRESS AGENCY.) London, April 27. The Earl of Derby neither accepts nor adopts either the conclusion or the arguments of Gorts'chakoffs circular. On the 26th the Russians crossed the frontier at Alexandropol, the main army moving towards Dalramcha. It is considered doubtful if the Turks will arrive in time to prevent : the passage of the Danube. The Russians commenced ‘ hostilities at Ardsharn to-day, and routed the Turks near ißatoura, with a loss to the-latter of eight | hundred men. ; "V
The Loan and Mercantile Agency report:— , Wool market dull., Antwerp sales flat. May 'series comprise' about 300,000 bales. Tallow in good demand. Market firm. Holders demand higher rates. Mutton, 435.; beef, 41s. Wheat market firm.. Off coast cargoes have advanced since last report. Adelaide is worth :685.; New Zealand, 625./: 1 April 29. ■ The Russians, and not the Turks, were defeated at Batoura.
' The Russians have not occupied J Kalafat, and it is denied that that they have anywhere crossed the Danube. • - --
, It is stated that Russia threatens reprisals if the Khedive of Egypt comes to the help of Turkey. ...
I ‘ France is dissuading the Khedive from Interfering. There has been a further fall in the Stock market. Consols are down to 94, Colonial bonds are generally one per cent, lower.
The Berlin and Antwerp wool sales show great depression. Prices are lower, and there have been heavy withdrawals. The wheat market is still rising, and there has been an advance during the month of 25 per cent., mainly owing to American speculation. New Zealand is quoted at from sixtyfour to sixty-eight. ■ Arrived—Waimea.
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New Zealand Times, Volume XXXII, Issue 5024, 1 May 1877, Page 2
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268LATEST CABLE NEWS. New Zealand Times, Volume XXXII, Issue 5024, 1 May 1877, Page 2
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