, 1877-10-28
Panic-Stricken People of Err
zeroum Preparing for
a Siege.
Tone Of the English and CONT
mental Money and Stock
Markets.
Gen. Grant Declines tc Give an
Opinion on French Poiit-
lea! Affairs.
The State of Sonora Seccdes from
the Mexican Republic.

THE ARMIES.
LAST THURSDAYS BATTLE NEAR rLEvNA.
LONDON, Oct. 17.-A Russian Official dispatch
! from Pcrcdin says: Tie Grand Duke Nicholas in
spectcl Thursdays battlefield at Du
huirk. The troops arc elatcd BY their sctory
The Russian loss va. oo,50l The Turkish los.
was nearly equal. Eighty Turkish officers wezt
| taken prisoners, and flag aud iour guns cap
tured.
PURSUING THE GRKs.
LONDON, Oct. 27.-It is reported that the Rus
SLAMS pursuing Ghazi Mukhtar have advanced a.
far as khorassan, aud that Mukhtar has retreat.
ed to kopriklo, between khora$san aud uassau
kalth.
EnZEROC1t
is preparing for siege, the Inhabitants are
arminy, and rcinforccncn.s arc hastcniug
up from TTehlzond. Ghazi Mukhtar, how
over, reports that the Russians have not ad-
yanccd further Than MelliGoo, on the western
slope Of Saglanll-nagh, which is more proba-
bic than tue first statement Doubtless state
OF panic prevails at Erzcroum, giving rise to al
sorts Of unfayorabIe runors.
BAKER.
LONDON, Get. 27.-Col. Valentine Baker will
shortly resign his command and return to Con-
stantinop1c.
SERVIA.
COMPACT WITH RUssIA-PREPAREG TO RENEW
THE FIGHT.
By telegram 10 London Times.
BELGRADE, Oct. 1l.-Ycstcrdar at meeting
Of the Cabinet the terms OF an arrangement
with Russia we're unanimously and dcdnitively
asrecdupon. Nothing, however; has yet trans
pred regarding the various clauses of the
agreement
According to one version, the arrangements
between Russia and Seryia arc perfect, aud the
active participation of the principa1itY decided
upon; another account makes the agreement all
but complete; while n third story has it that
nothing is yet settled, and that the Russian
Diplomatic Agent has applied to headquarters
for fresh instructions. The same conflicting
rumors prevail with regard to the question Of
money, the second installment of which has AZ
rived, accordin. to some, and is not yet forth
coming, according to others.
In welI-iuforued circles mere, however, the
discussion about Seryian Intervention is re-
garded rather as an idle one, since, IN one sense,
namely, as regards the general resolution to
watch events aud step III Whenever this can be
done with as much advantage and as little risk
as possible to SerVia,-thc matter has long been
decided; while. as to the exact moment of
going to war Contention or no Convention. the
question will depend on the turn of events at
the seat OF war in Bulgaria. 1t is CERTAIN Indeed,
that Russia Of late has been cndeayoring to
Eastcn this moment; but, for all that it is not
believed that any exact date has yet been fixed
upon. The main excuse alleged by Scryia Tor
dcc'ay is her state Of unrca,line<s, and this is a
n!ca, moreover. which could he nut forward
with some reason, for, according to the most
trustworthy Intelligence, clothing, provisions,
and means OF transport are cvca now still very
defective in the Serylan army. AS l'nr as the
army remains in its own country, this matters
little; but tho deficiency would bc very
seriously felt in al offensive movement
beyond the eprt:crs 9?:a 3,., at his .lo seasou
the first date named Tor. Servjan inter-
ycntion, has already passed; the second period,
the 10th Of October, has like" isc 1[csI; and
again the middle Of November is referred to,
doubtless with as little justification the first
two. Nay. il Scrvia is to intervene this year ut
all, she will probably do So sooner than that
date. The likelihood being that before then it
will be decided whether the Russians eau MAKE
themselves masters OF Bulgaria north OF the
Balkans at least, Or whether they will be forced
IL abandon the offensive 1or this year aud con-
centyaic their lorccs in some position near, or,
bc,ll1ps, on the other side u the Danube.
In the meantime. it is rumorel in C0nstanti-
noplc that the Porte, weary OF this waiting
game, means 10 address q note to Scrvia de-
nlacuinc categorical explanations about her
artnau,cn1s, as we'll as about the prcsence in
Belgrade of the Russian Consul. the represent
atire Of power with which Turkey is at war,
and insisting on instant disarmament aud tho
departure OF the Muscoyite aren't. At the same
time the Porte would address the Powers antl
lay the Ease before thc1n- Whether or not,
however, such all intention exists in Constanti-
pople it is not thought likely here, at any rate,
That the plan of sending any such ultinaat'lm 10
Scrria will be carried into effect Six months
Of war might well have CONVINCED the Turks
that they have not been losers by the arrangc-
nepl according to which both Russia and Tnr-
kcy agreed not to carry the war into Servla.
aud at the last interview OF the Austro-Hun-
rarian Ambassador with the Sultan he cx-
pressed his thanks in IN especial manner Tor the
mediation OF Austria. by which q collision with
he Prncipality was prevented. 1t seems very
unlikely now, therefore, that Turkey will go |
,rt Of her way to hasten, If not provoke, 1 |
with servia. as would most prob
,bly be the case if an ullimatum such as rumor |
:ocaks OF were to he addressed to FRINGE |
,iilau. The presence Of Russian asIiciat agent !
Il Belgrade and tho warlike preparations carried !!
N in broad daylight BY Servia, must, doubtless,
&c very calling to Turkey. nov engaged IN
struggle for very existence; but every day ]
Turing which the Porte can ward OIL fresh Gu
,1nv is surely clear gain, and the longer the t
entrance Of this new 1oe can be delayed. the
uo,c the chances OF his doing any mischief will !
tllutntSE. ~ "t}ufl tetfu lHEi tAE AIts-At
II r1sbness in Turkey to provoke the conflict
,eforc it cumcs off il the natural course of
hin.s. merely for the sake OF satisfying
lcr amour p-opre or avenc,ag her offended
llcuity. Such = course peraaps' E1'snt
,c excused If Turkey were in condition at once
o follow up her summons with some chance Of |
,unishlng the peridy of Serv1a: but in spite OF |
lie rclafo.cemeuts lately sent to various points
~ the Scryian frontier, Turkey can probably DO
title more at present thaE bold her own. and II
he could do 50. every man employed on such
eryanJ rs the chastisenent Of Mon.
cneg.o OF $crvia would he a sheer waste Of
treac1h. and weaken her forces at the point
rbere the real decision must be tried. Il, as it
; stated, Turkey n1eaus to consult the Powers
u the subject, there tan be little doubt that
nc ad71ce giyea will be IN this direction. |
FOREIGN FINANCE.
BANK or ENGLAND.
Special Ds,Da:ca 10 TIE Chicago tribune
TnxnoS Oct a7.-Thursday's bank state