The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-07-11
LATEST BY TELEGRAPH.
TO-DAy'S CABLE NEWS.
Commercial Panic i'm England.
Injury to French Credit.
Important Naval Movements.
Etc, ETC.. ETC.. ETC.. Etc.
Injury to French Credit.
Important Naval Movements
from EUROPE.
Obituary-J. A, KinnlaIte.


LONDON, July 11.-Sergeant j. A. Kinglake
died yesterday.
John Alexander Kinglake, whose death is
announced above, was cousin of Alexander
William Knglake, the historian of the
Crimean war, and was born at Taunton in 1906.
He was educated at Eton and Cambridge, was
called to the bar in 1880, and made sergeant
at-law in 1874, at the same time.
being appointe recorder of Exeter. In 1856
he was appointed recorder of Bristol. He
has served in the House of Commons, acting
while member of Parliament, with the extreme
Liberal party, and advocating the vote by ballot
and other popular measures He contributed
frequently to the leading reviews, but the
authorship of "Eothen," an attractive book of
Eastern travels, is enormously attributed to him
by Allibone, his cousin, the historian, being en-
titled to it.
LONDON, July 1.-THE markets of London
and Liverpool are affected decidedly to-day for
the first time since the opening of the Hohen.
zollern question. Acomplete panic exists both
here and in Liverpool. A large share of the
present uneasiness is to be ascribed to the ap-
preaching settlement and expectation of bankers
contracting their Accommodations.
Breadstuffs firmer, and there is an advance in
prices of American wheat Dispatches from
various European capitals this morning an
nounce that the excitement is generally in
creasing, particularly in moneyed circles, and
all sorts of securities have declined heavily.
Opinions of the Press.
The London Telegraph, in an article this
morning on the general uneasiness, says:-"The
war panic might die out only that men known
to be in the Emperors confidence are selling
heavily"
The Times has strong article on the Spanish
question this morning, wherein it says:-'It is
still possible to look calmly at the future.
Ministers must seek to impress France with the
extravaganza of its pretensions and suscepti-
bilities in the absence of real danger.
Eventual war is only too probable
yet such jealousies have passed without colli-
sions, as in 1910 and 1S4S. The balance of
power is undeserviug thoughts the real issue
is for the possession of the left bank of the
Rhine and the contest would last until one or
the other became exhausted. Civilization has
everything to lose in such struggle. France is
clearly in the wrong. Prussia denies the re-
sponsibility which France ascribes to her and
France refuses to accept the disclaimer. How
can France object to any arrangement that
Spain considers within her own competence? {?
Neutral powers must act instantly, unitedly and
firmly, to prevent, if possible, collision.
The Damage to French Credit,
The same paper in its money article deplores
the damage inflicted on French credit by the
long continued excitement.
Important Naval Movements.
PLYMOUTH, July 11.-Several Prussian iron
clads which were riding at anchor in this
harbor received orders yesterday to proceed to
the Baltic. To-day those orders were revoked
and the vessels will visit Cherhourg, France
Immediately.
This m0rninK's Quotations.
LONDON, July 11-11'30 A. M.-There is panic
both here and at Liverpool Consols 92JS for both
| money and account. American securities heavy.
United States 5-20s OF 1862 67H OF 1865, old, S716
and Of 1861 81; 10-40s, s559. Stocks heavy. Erie,
| 1s19; Illinois Central, Ill; Atlantic and Great
| Western 27H.
| LIVERPOOL, July 11-11'sO A. M.-Cotton nat ;
| middling uplands, 9H@9%d.; middng Orleans, 9A
@97kd. The sales are estimated at 5000 bales. Red
| Western wheat, Sc. Cd. @Ss. I'd.
LONDON, July 11-11'30 A. M.-Common rosin
| frmer. Turpentine dull
This Afternoons Quotations.
LONDON, July 11-1'30 p M.-Consos for meney
9136 for account g. American securities nat and
nominal United States 5-2Os 1862, s6H; 1865,
old, soy; 1867, SOY; l0-4Os, s424. Stocks nat
and nominal Erie Railway, l7H Great Western, III.
LIVERPOOL, July 11-130 p. Motion quiet.
Sales to-day now estimated at 10000 bales. Lard
opened at Ills. Cd. Pork frmer but not higher
Beef 112s. Taow, AS. Sd.
ANTWERP, July 1l.-Petroleum opened quiet.