The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-05
G0URKHA AT THE SHIPKA PASS.
Russia and Turkey Hurrying Reinforce
mentS to the Front.
CONDITION OF THE MONEY MARKET.
Irish Parliamentary 0bstructiOniSts and
the South African Bill.
THE NATIONAL OPERA HOUSE
[BY CABLE TO THE HERALD

By CABLE TO THE HERALD.
LONDON, August 8, 1877.
despatch nom Sukum Kaleh dated August 2,
says:--"The Turkish frigate Maumaudieh bonn
barded the Russian batteries at Tchamtchira on
the 3oth ult., sencng every Russian gun. The
Maumaudieh was considerably damaged aud sew
eral of the crew were killed and wounded Near
Tchamtchira were 5000 Turks in II critical position,
owing to the advance Of the Russian army.
WITHDRAWING FROM THE CAUCASUS
Hobart Pacha embarked the entire force safely
on the LIST inst under OF the guns OF the fleet.
This completes the withdrawal OF the Turkish mill
tary expedition to the Caucasus. Hobart Pacha
has command of the entire Black Sea forces con-
sistng OF twenty men. of-war and Transports
RUSSIA CALLING OUT MORE MEN.
ukase has been issued at st. Petersburg order
Ing the immediate moblzatio OF the entire corps
OF the Imperial Guard, and several other divisions.
The major portion Of the Imperial Guard and some
of the divisions are to join the army in Bulgaria
without delay. The remainder OF the newly mobi-
LIKED troops go to reinforce the army of the eau
Casus.
Another ukase, signed by the Car at Biela, July
%, orders a levy OF 1ss,6oO OF the Landwehr. The
leves meet with general enthusiasm.
REINFoRCEMENTs FOR THE TURKS.
1t is stated from Constantnople that reinforce
ments are daily arriving and being Immediately
despatched to Adrianope
THE ENGLISH CHANNEL SQUADRON.
The Channel squadron has been ordered south to
vigo, but whether it will proceed further to
Gibraltar and the Mediterranean or return home
after o cruise will depend upon the instructions
which are to await its arrival IN Spain
NO REASON FOR PANIC.
The Times Bucharest correspondent reviewing
yroundess. The Plevna defeat Will certainly be
retrieved.
GOURKHA CAN HOLD THE PASS.
Discussing the. Russian chance Of holding the po-
stons in the Balkans If obliged to retire to them,
the Tnnes' correspondent, who recently passed
through Shipka Pass, telegraphs that it il strongly
occupied and fortified. There are already within
It many trains OF provisions and forage Prince
Grsky and Genera! Gourkha might hold it for fort
night on full rations, or longer on short rations
PRICES AND POLITICS.
'Prlces OF stocks during the past week." saws
the Economist, "have been moved upward and
downward by political events but business has
been exceedingly small, though below the surface
there seems to exist q disposition to greater con-
ddence. Reports about Austria raising money and
mobilizing troops caused general decline early in
the week. Then followed a general rise, on the
statement in the House of Commons, on Tuesday
last, by Sir Stafford Northcote, Chancellor OF the
EXcnequer, that it would not be necessary to sub
init any special vote on account OF the recent
despatch of troops and the fleet to the East and
that it was very doubtful whether it would be
necessary at all to ask for any further sum in the
course OF the year, which seemed to be exceedingly
we'll received on the Continent. On Thursday while
foreign stocks declined there a considerable rise
In home securities the ability OF the Turks to defend
the road to Constantnople being taken to indicate
less necessity for English interference On Friday
prices were well maintained, the result being a
general rise in home securities as opposed to a
slight decline in the foreign market. American Sc
cur1ties continued to Oh kilograms report
Ing the repression Of the riots.
WAIT BEFORE BUYING.
."For many weeks past we have venturcd to re-
mind our readers that speculative markets are ar
tifcially supported We have pointed to the low
votp anr,
nold large amounts of stock OF the market. To
the scarcity of stock and the consequent fines for
non-deivery at successive settlements and to the
large political and financial interests which lie in
the direction Of sustaining prices, the continued
support given to foreign stocks not outstanding
the Russian reverses, puzzles everybody but tends
TO confirm those remarks The current opinion
that two per cent beats politics, will, however,
Soon be tested for whether the strong resistance
Of the Turks prolongs the war not, the tendency
In the money market is toward dearness, and the
artifciaty OF the present range OF price will soon
be tried"
KSGLlsn HOUSE COMMONS.
In tho House OF Commons yesterday afternoon the
South African bill was read a third ,imo. The OBJ.
structonists did resort their usual tactics ON
this occasion, aud they busily preparing for the
meeting Of the Homo Rulo Consideration Of Great
Britain Monday, when their future course oil action
will be discussed
LIVERPOOL HOLIDAYS.
Saturday and Monday are holidays on the Liverpool
Cotton Exchange
rnE NATIONAL OPERA HOUSE
Nr. Napleson writes to the Times denying the re.
port that tho National Opera House woull be an
shcd lie says that Gao. 900 are needed to build the
roof aud that ESQ., 900 have already been spent on the