The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-08


PORE is determined that they shall be
be respected. and. as q proof of his
higi impartiality. his Majesty the Sui
tanIhas been pleased to nominate A.
Dafachon Eifendi, Israelite, Senator Of
thdEmpire.
Irbe Russians Retreating In Asia.
Iouhtar Pasha telegraphs that In
eotseauence OF Thursdays repulse the
Russians were compelled to move back
thdr camp.
Inc Reply of the KeuManian senate.
he Roumanian Senate, answering
thdaddress OF the Prince, declares that
thd Senate will never counsel any had-
artbus or danger policy, still less
AMI attack on Turkey which would be
an objectionable act Of thoughtless-
nea. and adds: Nevertheless, we will
deflnd our hearths IL attacked"
ssR STAFFORD N0RTHC8TE.
tis speech nj the Royal Academy.
IkNpoN, April 6.--Sir Stafford North
cotd speaking yesternight at the ban
auel Of the Royal Academy, and evil
DENLY In nllusion to Mr.. Carlyle's let
ter, bald Certainly there was never a
tin{ when we had more need, in poll
ticsh ht least, for good sense and good
tasH-fur tho good sense which teaches
us hoderation the good taste which
teades us to carry on the business OF
Parliament and Of public life without
rffeise to them with whom we had to
do ind certainly If this is fair rule to ap.
ply b the conduct Of parliamentary life,
theb never was time when there was
greaer need for good sense and good
tasA than at present. This Is mo-
med when we ought to be careful OF
evek word we use lest we may mad
ver4ntly do wrong to others and mis-
child to our country. | am not going to
takdadvantage Of this occasion to talk
impqtant the people OF England should
keeptheir heads cool and not believe
too hstily in idle rumors.
We are startled every morning by
somdtelegraphi dispatch from abroad,
or still more by some letter from some
prominent person at home. disclosing to
us th astonishing intelligence that the
natiol is about to be rua into come ex-
traortnarv enterprise, which is about
to bAng about a conilagration. and
whenkou rise from your newspaper aud
go to business you meet a friend from
the civ who tells you funds have fallen ;
two nbmbers Of the government are
about 70 retire. and that the most terri.
BILE catastrophe Ia about to occur. and
you hai better go and realize at once.
Of couse, there is no rule without eS-
ceptiott, but [ do find 1t is not safe to
day, fd there are two days when no
contradictions can be given to these
stories, Unless there happens to be such
a favorable opportunity as this.
The Tra,svaal Republic Annexed to the
British Empire.
LoND9, May GA dispatch to Reu-
ter's Telegraph Company from Cape
town, Alril IS, via Madeira, announces
that Trhsvaal has been annexed to the
British Empire, and the British flag
hoisted 4 Pretoria.
The EsTcts af the War-stacks ana Pro-
ducc i'm England.
LoNpoS May Con the Stock Ex-
change dlring the past week business
was genehlly confined within narrow
range, bt the tendency was generally
favorablel The advance in bank rate
caused teaker tendency in home Gov
ernment securities and consols for i'm
mediate elivery and the June account
relapsed iearly II. An upward move
ment toolplace in American securities.
The Hank Revenue.
The Ecdomist says: The banks re-
serve is noT only G10.g27 900, at which
point the advance of the bank rate on
Thursday sas most fully justified. At a
time like he present, when great dis
turbing eNnts are possible at any mo-
ment. 1t Wdlld be exceedingly danger
Gus not to strengthen the reserve still
we hardly Expect any sustained rise in
money at pesent, in the absence Of dis
turbing evhts. The suspense keeps
trade inactive, and will tend to bring
money hen from the Continent for
safety. w are also entering on the
slack seasln for money. when ex-
changes ari tending In favor of this
country ant bullion usually accumu-
lates. With an advance to 3 per cent,
supported By the rise in open market, a
partial che8 is given to the outflow of
bullion: a sstained rise in the value of
money is til s unlikely at present, aud
after litth we should rather expect
rates to fall ,ff.
aI'nclng Lane.
The markts in Mincing Lane expert
enced some partial improvement and
speculative fticles further advanced at
the commencement Of the week. These
since met aIess animated demand and
the quotations in several cases slightly
receded. Rio, which at one time sold
very extensively, is now rather quiet.
SSaitpetre has FALLEN s1 los GA per ton.
Other ON, productinhuenced by the war. is
also iess excite. Sugar attracts more
attentlon. Tht ttrade have bought free
" and there Is revival OF speculation.
In low grades prices close Cd to Cd per
per cwt over th$e OF the previous week.
Refined has alstadyanced
The public sails OF co.Iee again nassed
off with animation, plantation Cevlon
being fully 2s. nr cwt, higher on the
week Ordinary Qualities were also firm
er. The deliverss here have been re-
markably large.
The tea markepresents no new faa-
ture. Most OF thu spices continue inac-
tive. At Glasgow yesterday sugar closed
firm as compared With the previous Sat
urday. CRYSTALS we're Is. Cd. and other
kinds % 0as. Cd. Egher yesterday, and
occasionally highe prices were paid.
F0sTERt VIEWS.