Hawkes Bay Herald. TUESDAY, MAY 29, 1877.

Hawke's Bay Herald, Volume XX, Issue 3918, 29 May 1877, Page 2

Hawkes Bay Herald. TUESDAY, MAY 29, 1877.

Ik noticing the retirement of Prince Bismarck, which, by a singular coincidence, if nothing more, took place on the same day as that on which the protocol was signed l>y the Emperor, The Times, of April 2, remarked that in thr> event of the outbreak of war lie was certain to be immediately brought back to his post. The prediction lias been verified. We have no evidence, as yet, that Germany possesses any other statesman worthy of the name besides him. The floods in Eoumaiiia,it is evident, will greatly delay the Russian operations on the Danube. We need hardly expect to hear of any important engagement for a month to come at any rate. It is highly satisfactory to see consols steadily rising. The war panic .in Great Britain may almost be looked upon as a thing of the past. The Tinexpected dulness of wheat, from whatever cause it flows, is also good news for us in this part of the colony, as the demand for wool ordinarily bears an inverse proportion to the price of bread. The less the working classes at home require to spend on food, the more they have to spend on clothing. The late rise in wool, however, we observe, has not been altogether sustained. Political matters in Franco

were in an unsettled condition about the period of the close of the sales, and this, no doubt, ail'ected the exceedingly sensitive? French demand. 3STow everything is going on smoothly thevc again. There is good reason, therefore, to anticipate that the opening of next sales will see a large influx of French buyers. Egyptian troops, in spite of the threat of Russian reprisals, are on the Danube. It would lie a matter of no small interest to learn to what extent the rest of the Mahonnnedan world would respond to an appeal from the Commander of the Faithful for aid in his last extremity. This is an element of the question to which, perhaps, Russia has not given due consideration. Persia, however, it is to be remarked, thougha Mnhonnnedan Power,is usually reckoned as among the enemies of Turkey, and the Mahommedans of India who are spoken of by the Conservative Press in Great Britain — we do not know with how much truth — as being warm allies of the Porte in sympathy, and as likely to aiford it considerable assissance both in men and in what it more needs, money, are Sliiite Mahommedans, like the Persians, not Sunnites, like the Turks.