TELEGRAMS.

New Zealand Tablet, Volume IV, Issue 211, 20 April 1877, Page 12

TELEGRAMS.

(From our Daily Contemporaries.)

London, April 14. The Earl of Derby, in the House of Lords last night, expressed his regret that the circular just issued by the Porte was against peace. Lord Hartington, in moving for the production of additional papers, asked how the Government reconciled the protocol with the integrity and independence of Turkey The Hon. Gathorne Havdy, Secretary for War, in refusing the production of the papers, said England's last word was in favor of peace, and strong objections were uttered against war being made with Turkey. England had signed the protocol to afford Russia a chance to disarm. The motion of Lord Hartington was withdrawn. Montenegro's demands have been finally rejected by the Porte and ho°tilities renewed. The Russians are advancing on Jassy. All Russian reserves on furlough have been ordered to rejoin their regiments. A declaration of war by Russia is considered to be imminent. The reserve of the Roumanian permanent army has been called out. There was a war panic during the week on the Stock Exchange. Consols fell one-half per cent., and are now at 96. Russian stock ; fell 5 per cent., and Turkish 1 per cent" Money is easy; minimum rate of discount unchanged. Australian securities unchanged. The third emigrant ship, with 350 souls aboard, is leaving New York to-day for Sydney. The Chancellor of the Exchequer's Budget estimates the surplus rev9nue at the end of the year at .£445,000. The estimated revenue of the United Kingdom for 1877-8 is £79,000,000; the estimated expenditure, £78,790,000. No increase or remission of taxation is proposed. The wool market is depressed, owing to the prospect of war and heavy arrivals. The wheat market is excited, and prices are ! advancing. New Zealand ia at 57s to 595.