EUROPEAN NEWS.

Oamaru Mail, Volume I, Issue 342, 29 May 1877, Page 2

EUROPEAN NEWS.

THE RUSSO-TURKISH WAR. EGYPT ASSISTS TURKEY. STATF OF THE MARKETS. London, May 20. Prince Bismarck, after a short leave of absence, lias returned to Berlin, and lias had a conference with the Emperor. The German official journal has assumed a friendly tone towards the new French Ministry. The diplomatic relations of Germany and Italy are very intimate. The Softas are making demonstrations at Constantinople, demanding Ministerial modifications. Constantinople has been placed in a state of siege. The Russian ti'oops in lioumania are moving westwards towards Servia. Eighty-five thousand troops are concentrated in the upper and middle portion of Roumania. The Danube will probably be impas- ' sable before the middle of June, owing to recent heavy rains. The San Francisco mails were delivered on Monday. The money, market is calm, and the position of the Bank is stronger. Stocks are recovering, consols having reached 95. Colonial debentures are high. One hundred thousand bales of wool were offered at the late sales. Seven thousand bales wei'e withdrawn, as the recent advance was partially lost, owing to weaker competition amongst French buyers. The greatest decline is in ( scoured and half-bred parcels; lambs command extreme rates. I

Wheat is dull and declining. NewZealand, 645. to 68s. Flour, 40s. to 435. Late Indian papers, brought by the Suez mail, state that Colonel Valentine Baker is on the staff of the Turkish Com" mander-in-Chief on the Danube.

Turkey has called upon Roumania to act with the Porte. The question has been referred by Prince Charles to the Roumanian Chamber of Deputies, who replied that the Roumanian Government, having unsuccessfully endeavored to induce the Porte and the other great Powers to recognise their neutrality, Roumania lias entered into a convention with Russia.

The Snltan has issued an address to the Turkish army, saying he will defend the integrity and independence of the Empire to the uttermost ; and, if necessary, will himself take the Sacred Banner and lead

his army. The Khedive, complying with the request of the Porte, has promised to send an Egyptian contingent, under the command of Prince Hussen Pasha, his third son, to assist Turkey, but cannot aid with revenue, which he has'pledged to foreign bond-holders.

There is a large number of Egyptian troops already on the Danube.

May 27