The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-12-24
LATEST FOREIGN NEWS.
Englnnd.

4 REPORT THAT THE GOVERNMENT PROPOSES
TO PURCHASE TIE PORTE's sUzERAlETY
OVER EGYPT. ~ ~..:- -n.f1-,..' ~.
LONDON, December pa London dis
patch to the Edinburgh Scotsman says: In
Influential circles considerable credit is at
tached to the report, that the Government
contenplates the purchase OF the Porte's
suzerainty over Egypt. 81.
ONE THOUSAND IRONwoRKERs AT SHEFFIELD
CEASE TO WORK on ACCOUNT OF REDUCED
WAGES. -'
LONDON, December 22-In consequence
OF the proposed reduction OF wages, TO take
effect after the holidays, 1000 ironworkers
at Sheffield ceased work. -.,. q Il
ENGLAND's POSITION AS TO THE WAR.
LONDON, December 22.-The Saturday
ReuielD thinks it probable that the Com
mons may be asked to make an eXtraordi-
nary grant for military and naval purposes
in anticipation of the usual period for the
meeting of Parliament. It Is In some re-
spects unfortunate, although it will proba-
bly, admit OF Justification. .-..s
The Spectator believes the real meaning
OF the summons Of Parliament is that Lord
Beaconstield desires to encourage The Turks
to continue the struggle in the hope Of ulti-
mate British assistance, and that the Turks
will SO interpret it. The Spectator thinks
England, when: it comes to the point, will
decline to fight for the Turks, who will at
least be compelled to purchase peace by
withdrawing to their natural home in Asia.
.,:.... THE MARKETS.
LONDON, December 22.-The leading
markets in bIincing Lane yesterday for
holding the usual public sales being adj
iourned to the first week in January, there are
no symptoms OF Improvement in business,
owing to uneasy feeling about the course
of political events. The speculative demand
for saltpetre has caused prices to advance
about two pounds per ton, but the common
grades of Congon are rather dearer. At
the sales of Indian good prices pre-
vailed, showing a slight recovery. Coffee
inactive; the depression OF quotations eX-
tends to the new crop OF plantation Ceylon.
Pale and ordinary sorts, including foreign,
are generally unstable, unless at a further
reduction. Brown sugar needs more in
quiry, there being now but few sellers at
last weeks rate; but crystaIized Demerara
has given way from one to two shillings per
cwt. when pressed Oh the market. Refined
and best sugars are trmer. Rice is quiet;
new-crop Burmah has sold for spring ship
ment ut late quotations.
The Economist says money remains
scarce, and short loans are especially diff
cult, while the rate Of discount for three
months bills is this week 81 per cent, or
lower than on last quotations on Wednes-
day. Notwithstanding the agtatlng reports
which arose upon the announcement OF an.
early meeting OF Parliament, rates were
IN no marked degree, if at all. friner.
What we alluded to last week as new set
OF prescriptions as to the terms OF peace
has deepened into alarm, the immediate
cause Icing the prolonged Cabinet Council,
followed by call to Parliament to assemble
three weeks earlier than usual. The an
nouncement came out in the morning pa
pers Wednesday, and before actual bust
ness began prices were depressed, and no
distinct recovery can be recorded. The
main fall was on Russian, Hungarian, and
English railway stocks, in which weak,
speculative purchases have lately been
made, but In nearly all the markets the
effect has been more or less apparent. Rus
sian stocks have fallen and not risen again.
Turkish stocks, low as they already stood,
have fallen lower still. Egyptian, in sharp
contrast, have been steadily maintained,
with an advance for the week OF u to 2.
There was some but no very distinct re.
coyery on Friday, and what there was seems
to have been in preparation for next weeks
settlement. American Governments have
not escaped the general depression this week,
although the postponement OF the question
Of currency, in which the service Of the
debt may be made, has had q good effect.
r. War News from The East.
ORDERS FOR MILITARY STORES FOR RUSSIA AND
TURKEY CANCELLED. s,
MANCHESTER, December 22.-The Exam
liner learns from a trustworthy source that
a manufacturer Of military stores, who had
large orders on hand for both Russia and
Turkey. has received notices cancelling
both. Note.-H true this indicates con-
yiction of an early peace
PERSONAL.
ST.. PETERSBURG, December 22.-The EN-