The New York herald., 1876-10-19

clare that England considers all diplomatic action at
Conssantinople at end. This statement has pro-
duced very gloomy feeling in Vienna, and is
sidered unavoidable.
RUSSIAN WAR PREPARATIONS
ris stated upon good authority that a convention
has been concluded BY Russia with the Roumanian
railway companies by which the latter engage TO
make preparations for transporting altogether 250 600
troops at the rate Of at least 900 daily There
900 mon at the camp of Bender and o. 600 around
rinia Russia has issued . circular note announcing
that In the interests OF humanity feels bound TO
march troops into Bulgaria and Armenia The new
Russian ron.cad Peter the Great leaves Cronssadt i'm
mediatey for the Mediterranean TO meet tho British
feet At Besika Bay. All Russians in Paris under the
age Of forty years have been ordered return home
Russians in Belgrade state that European will
mot begin until carly spring. whom, necessary. Rus
sia will be prepared to do something in the direction Of
India This shreat will stir up England to the very
heart
NHAycIAL PANIC 1vxRYwHERE
complete panic prevailed on the London Stock Ex-
change yesterday. The Of Russas apparent deter
minaton 70 mako open war upon Turkey confirmed the
fears which for several days had depressed the market
and eliminated yesterday in forced and indscriminae
sales Of all descriptions Of stock not only by specu
lators stimulating panic fears, Dut by bond de hold
Of securities especially foreign. There WIS at
the opening further serious decline in quotations aud
It was dicult obtain prices at which bargains could
be effected tho fluctuations being great and fre-
quent. The changes included . reduction Of in Hun
garian, 1k in Turkish, in Egyptian in Italian. and
less but considerable, decline in all stocks
At halfpast twelve tho Stock Exchange was
ing fall Of nearly 20 within week. War
between Russia and. Turkey was regarded
already begun. and IL was generally believed that
other Powers would become involved. A commercial
and financial crisis in Russia and consequent
heavy fall Russian exchange added to the confusion
The funded loan being tho only American stock much
dealt in. felt tho influence Of the prevailing depres-
sion, and fell to 1osx 1Oa
During yesterday afternoon stocks rallied slightly,
but at the official close hree o'cock) were again nat
and the final quotations five O'Clock were about tho
lowest ofth day.
India council bills allotted at about farthing
per rupee advaLce last weeks rate. Silver
quoted at SKID per early in the day, but
to 62Hd as halEpast five o'clock, at which price il
closed
The Paris Boursc was much agitated throughout the
afternoon, and all stocks closed at tho lowest
An important fall in government stocks occurred in
Vienna and sharp rise in exchange and the bullion
market characterized the days Bourse.
On the Berlin Bourse yesterday Russian securities
fell 8, Hungarian 3, and Austrian about ~.
All other International stocks likewise suffered
considerably. The Daily Telegraphs financial article
yesterday stated that Germany will submit tho next
Parliament the propriety OF largely increasing her
silver coinage the ground that the present amount
in circulation is insufficient At Frankfort United
States bonds, new nves, closed at 1925.
| THE IMPERIAL ALLIANCE.
Information from onical sources makes II clear that
and Germany. This indicates the reestablishmcnt Of
the imperial alliance which shaken last spring
by Engands rejection Of the Berlin memorandum and
the despatch OF feet to Besika Bay That act prob
ably cost England Gsrmany's good Will Tho Nord-
dexscAe zetun9s reply to the article in the London
Times Of October 1o in which the former journal says
the Times ignores the existence OF alliance Of the
hree imperial powors indicates Germanys adhesion.
Unconnrmod reports-which rendered probable by
Itay's acton-of secret treaty between russia and
Italy would account for Austria's sudden re-
turn TO Russian views It will be remembered
that the Crown Prince and Princess Of Italy visited
Rnssia early last summer. and mot with . distn-
guished reception. More recently the Italian liberal
journals have been claiming extension Of territory
In the direction Of Tyro In Austria acquired any
Turkish provincok The Italian government has dis
clamed responsibility for this discussion; but IT,
nevertheless has considerable effect public feeling
at Vienna. A programme agreed upon and executed
by the hreo emperors would set aside these prcten-
sions and equally guarantee Austria against the dan
ger the side OF Germany which independent action
on her part would involve Thus the imperial
alliance leaves only England aud France to be ac-
counted for, accepting true the reported Russo
Italian understanding.
EUROPEAN REPUBLIC.
There is a. yct ofncial information which will
clearly indicate the France intends to pursue
All the evening papers OF Paris last night declare that
II the peace Of Europe Is broken up the French Republic
viii vigorously observe policy Of neutrality It will
be recoectcd that up to the final abandonment OF tho
Berlin memorandum she gave ready adhesion to the
imperial programme, and IS not likely now 10 offer il
any spontaneous oppos.ion- IT. therefore, the Russian
preparations for . movement against Turkey are in
accordance With the Vows Of the three cmperors,
acting in concert there can be little doubt they
have determined to undertake the pscncaton of the
Turkish provinces, probably tho basis OF tho
Berlin memorandum, extending lis provisions to
that case depend upon England. Turkish resistance
without her aid being manifcstiy impossible for any
considerable time The Wow taken here II gloomy
hut iunncriaI rlans ha..a .,aA haau xaad.