NEWS BY CABLE.

New Zealand Times, Volume XXXIII, Issue 5310, 2 April 1878, Page 2

NEWS BY CABLE.

IMPORTANT WAR NEWS. SPECIAL TELEGRAM. London, 31st. Ignatieff’s mission to Vienna is considered a failure, and be returns to St. Petersburg, Count Andrassy hopes that Russia, failing to isolate England, will now assent to the Congress, otherwise Austria demands a commercial and military convention for the western provinces of Turkey, with reduced limits for Bulgaria. Hungary strongly favors the English alliance. (RKUTER'S SPECIAL TO JPRESS AGENCY.J Singapore, April 1. The announcement of Lord Salisbury’s appointment as Secretary of State for Foreign Affairs is premature. Ignatieff has returned to St. Petersburg. It is semi-officially stated that Count Andrassy rejects the treaty of peace as clashing with European and Austro-Hungarian interests. Artillery corps have re-ocoupied Bojukdcre. London, March 29. Consols, 94§. Bank rate, 3. Market rate, 2f. Since the opening of the wool sales 194,000 bales were offered. The tone is irregular. March 30. The Standard says that Russia has addressed a note to the Porte, demanding the withdrawal of the British fleet from the Sea of, Marmora. England has refused to do this while the Russians are in the environs of Stamboul. , Orders have been received at Portsmouth to have troop ships in readiness to embark the army corps in case of an emergency. The Liverpool Grand National Steeplechase was run to-day, and won by Shignal by two lengths. In the late semi-panic the following stocks suffered mast severely, viz., Russian, Bulgarian, Italian, French, and Turkish. There is a semi-panic on foreign bourses. Colonial Government debentures are heavy and depressed. New Zealand five per cents., 104.

The wool market has resumed a calmer appearance. Prices have recovered from the temporary relapse. The series close about the sth April. Wheat has advanced two shillings owing to the political agitation. : March 31. All the troop ships are being prepared for sea. The First Lord of the Treasury, in reply to a question, said that the Queen’s message relative to calling out the reserves would be presented on Ist April, and would come on for discussion on the 4th. The Chancellor of the Exchequer said that till the time arrived to take decided steps, the British Government would consult Parliament as to the course to be taken under the present aspect of affairs. ■ Sir Stafford Northeote denied that the British Government had hindered the arrangements for the meeting of the Congress. It desired only that the treaty of peace should form the basis for discussion. Salisbury has been appointed Secretary of State for the Foreign Department. St. Peteusbobg, March 31. The Journal de St. Petersburg states that the balance of power in the Mediterranean is only threatened by the presence of the British ironclad squadron in the Sea of Marmora. It looks upon the calling out of the reserves as a fresh provocation to Russia, who will be prepared to forcibly defend her fruits of the war.

AUSTRALIAN NEWS,

Melbourne, Monday, Mr. Justice Fellows is still iu a critical condition. It is probable that the route of the Gippsland Railway will be by way of Oakleigh to Melbourne. It was decided to-day ,by the Government to have a consultation with Sladen with a view to compromise the difference between the two Houses on this question.