(PER UNITED PRESS ASSOCIATION.) (By Electric Telegraph.—Copyright.) (PER PRESS ASSOCIATION.)

North Otago Times, Volume XXXVII, Issue 8363, 24 December 1895, Page 3

(PER UNITED PRESS ASSOCIATION.) (By Electric Telegraph.— Copyright.) (PER PRESS ASSOCIATION.)

Received December 23, at 10.30 a.m. London, December 22. The London, provincial, and European exchanges closed last night more quietly, but heavy sales wero effected. The Standard's correspondent wires that stocks in America continue to fall. The Baltimore merchants have petitioned Congress to arbitrate. President Cleveland's second message was badly received. The President has signed a Bill ap1 -■{jointing a commission, the members of -which will probably visit Madrid and The Hague to examine ancient records on the subject. It is stated that high officials have informed the Washington Government that the researches of the commission will probably confirm England's claim. The New York World implored Mr Gladstone to speak words of peace and fellowship to soothe the passions and check the clamor of the Americans. Mr Gladstone cabled that he dared not interfere. Only common sensp was required

Received December 23, at 1.25 p.m. Paris, December 22. Le Temps think it audacious to suppose that England will abide by the finding of a self-appointed commission. New York, December 22. Congress referred thePresident'ssecond message to the Committee of Ways and Means and adjourned till Monday. The Senate has adjourned till Tuesday.

Reoeived December 24, at 1.15 a.m. ' New Yoek, December 23. lEhefea^ure of the panic on the New Exchange was the heavy Bales of stock by German soldiers. The professors of Harvard University petitioned congress for the maintenance of peace. Universal prayers for peace were offered In the churches throughout the United States. The President's message Is generally denounced as the crime of the century. The New York World publishes a powerful indictment against President Cleveland's unprovoked incendiarism. London. December 23.

The Berlin and Vienna press continue to support England's attitude. Spanish statesmen suggest an alliance with England in the event of war.

ViENNa, December 23. A panic occurred on Vienna Stock Exchange resulting in enormous losses and Bcores of failures. The Rothschilds intervened and bought fifty thousrnd shares.