The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-10-29
LATEST FOREIGN NEWS.
England.

THE FINANCIAL. AND COMMERCIAL MARKETS.
LONDON, October 27.-Thursday's bank
statement showed reserve OF ten million
mounds, and opinion is divided whether the
bank has control Of the market or not.
There is no discount business, all choice
bills being taken to Paris, where the rate is
cheaper.
In the Mincing Lane markets business
continues dull and unsettled, with rather
large supplies. The general tendency OF
prices favors buyers. The heavy arrival OF
sugar has been depressed, showing a de-
cline upon cane and beet OF the new crop.
There is partial demand for rice upon
continental account.
France.
THE PARTY WHO WILL RESIST THE WILL OF
THE NATIoN-A DICTATORSHIP ON THE RUINS
OF THE CONSTITUTION.
LONDON, October 27.-The Paris CORE
spondent OF the Times telegraphs that he
believes that President NIacNIahon has fallen
under the influence OF those who are de-
termined to resist the will OF the nation;
but the Cabinet is divided about how far
such resistance ought to be carried. The
Duke de Broglie, president of Council and
Minister of Justice; Duke de Cazes, Minis
ter OF Foreign Affairs; General Berthant,
Minister Of War; and Viccount de Meaux,
Minister Of Agriculture, might go as far as
second dissolution OF the Chamber OF
Deputies; but il the Senate refused this
they would resign. There are others who
dream Of establishing dictatorship on the
ruins OF the Constitution. The correspond
ent does not believe President MacMahon
will follow them that far.
Well-nformed Conservatives think that
a majority of the Cabinet would be pleased
| to have the Senate refuse a second dissolu-
ton, and thereby afford them the opportu-
nity to bow to the will OF the Senate and
the Chamber OF Deputies. The correspon-
dent adds: "If such is really the idea OF
the Government, I think the Senate will be
disposed to facilitate their retreat"
INote.-It may be remembered that CAM
BETA. in his recent speech at Chateau Cha
hen, bitterly attacked the Empire and the
Bonapartists, but spoke in very concllia-
tory tone OF other parties, and predicted
! the eventual alliance between them and the
Republicans when present passions had
time to COOL
GRANT ON THE POLITICAL SITUATION.
PARIS, October 27.-Several representa-
tiyes OF French newspapers have inter-
| viewed eX-President Grant, but found him
very reticent. He declined to express an
opinion on the political situation here. He
said his first impression OF France was that
it wore prosperous, well-ordered, apr'
happy aspect.
| Greece.
GREECE's LIBERTY OF ACTION.
ATHENS, October E7.-Earl Derby, British
Minister for Foreign Affairs, has sent n note
| to the Greek Government declaring that the
British Government never intended to ques.
| ton Greece'S liberty Of action, and recon.
mending respect For treaty obligations.
The Wax In the East.
APANIC AT ERZEROUM.
LONDON, October 27.-It is reported that
the Russians pursuing Ghazi DIoukhtar
have advanced as far as Khorassan, and that
Moukhtar has retreated to Koprikoi, be-
tween khorassan and Hassan kaleh. En-
zeroum is preparing for siege. The in
habitants are arming, and reinforcements
are fastening up from Trebizond. Ghazi
Moukhtar, however, reports that the Rus
SLAMS have not advanced further than Welli-
dooz, on the western slope Of Soghanli
| Dagh, which is more probable than the first
statement. Doubtless state OF panic pre-
walls at Erzeroum, giving rise to all sorts Of
unfavorable rumors.