EUROPEAN.

Thames Star, Volume VII, Issue 2570, 3 April 1877, Page 2

EUROPEAN.

London, March 30,

The Cabinet continues to negotiate with Eussia, and has resolved to sign the Protocol, although considering the effect of the document will be nugatory in case of failure on the part of Eussia to demobilize her army.

The English Press is not sanguine at the result of the negociation. . Turkey repudiates Foreign intervention. ; The Council of State have agreed to an Address in Reply to the Sultan's speech, opposing any claim to Turkish territory, and approving of the rejection of the proposals of the Conference, Mr Layard is appointed temporarily English representative at Stamboul. The Prince of Wales is recovering. President Hayes has sent a Commission to Louisiana, and invited the rival Governors of South Carolina to Washington, with a view to a settlement of the election dispute. The mail via San Francisco was delivered on March 27ih. \ :

We have been favoured by the New Zealand Loan and Mercantile Agency with the following market telegram, dated London, 27th March, 1877 :—WoolMarket unchanged. The sale closed at an average decline of from 2d to 3d on last sale prices. Up to date 215,000 bales have been sold ; 40,000 bales have been held over for further disposal; 125,000 bales have been taken for export. JNexfc sales will ct.'m'mence on the Bth of May. Tallow—Market quiet. Public sales of Australasian comprised 2.200 casks. Mutton, 41s; beef 395. Wheat—Adelaide worth 60s for 4961b5; New Zealand do,, 54s for 4961b5. Leather—Market flat;

500 sides Australasian have been sold since last report. Best sides, lid. April Ist. England has signed the protocol on condition that .Russia demobilises. The prospect of an agreement between Turkey and Montenegro is revived.