The New York herald., 1878-10-15
TELEGRAPHIC NEWS
From All Parts Of the
World.
A FINANCIAL MAELSTROM.
England Threatened With q Ter
rible Panic.
UNLUCKY SHAREHOLDERS
Demand Made by the Broken
Glasgow Bank.
EUROPE UNQUIET AS EVER.
Austria Proposes 10 Cooperate In the
Management Of Egypt.
UNLUCKY SHAREHOLDERS
Demand Made by the Broken
Glasgow Bank.
EUROPE UNQUIET AS EVER.
Austria Proposes 10 Cooperate In the
Management Of Egypt.
[pY CABLE TO TIE HrBALp.1


The LondonStock Exchange at the hour
of opening yesterday showed evidences of
better feeling, owing to the absence of any
more failures, the prospective reconcilia-
tion with the Ameer of Cabul and the prob
ability that Lord Beaconsfeld will not re-
turn to London until the end of November.
Later in the day, however, the tone of the
money and stock market became uneasy.
The directors of the Bank of England met
twice during the morning, and at the Sec
ond sitting raised the rate of discount to
six per cent Money was scarcely obtaina-
BILE late in the afternoon. and fears of q
crisis to-day are renewed.
THE FIRST CALI.
The days of sadness for the unfortunate
shareholders Of the Pank Of the City of
Glasgow have come demand was sent
out yesterday calling upon them to pay
f500 as the first call upon every a1OO worth
Of the dangerous stock in their possession.
This will bring distress to many men Of
the middle class throughout Great Britain
who bought and held tho stock after the
shrewder capitalists, knowing the shaky
condition of the bank, had sold out of the
rotten concern.
DREADFUL pnospECr
This opinion is strengthened by the fc-
verish condition of trade all over the coun-
try. As foretold few days ago, the liabili-
ties of Heugh. Balfour Co. will exceed
$10.000,OO0. Six Of the largest firms Of
Blackburn are creditors and lose from
$4,000 to 100000 each. Some other
firms have given notice Of stoppage of
their works in consequence of the failure
of orders. T. D. Findlay & Co., East India
merchants, of Glasgow, have suspended.
Their liabilities are $1,000 900. These
facts, taken in connection with the pre-
vious condition of the market, render the
business outlook almost desperate.
SHALL THE POWERS ADMrNIsrER EGYPT?
1t was rumored here last evening that the
Austrian government has demanded that
in consideration of Austria's interests in
Egypt and the large number of her country
men there, she also have seat at their
Cabinet meetings in Cairo. This policy, if
adopted by Austria, is pretty sure to be fol-
lowed by France and Italy. England will
thus find her control over Egyptian affairs
waning. To say the least, it is o significant
rumor. The Paris correspondents Of the Times
states that the question Of the influence Of
France and England respectively In Egypt
has been settled by an arrangement CIV
Ing M. Blcgneire the administration OF the
railways and ports, while Mr. Rivers Wilson
takes the Ministry OF Finance. The Egyptian
government is expected to ratify this arrangement
the Porte is adopting an apoogetic tone to Austria
relative to It's recent note.
NEW COMPLICATIONS
The Times Vienna despatch says new complica-
tions have arisen 1t is reported that Montenegro
and Roumania refuse to restore their Turkish pris
oncrs until they receive their allotted territory
and monetary compensation respectively. The
Tstegraph's Pera correspondent Is informed thar
Russia and the Porte have arrived at an under.
standing for the joint occupation OF the Rhodope
district.
TURKEYS POS IrIoH.
despatch IRON Constantinople ys:--ssThe
Porto will not submit to the Powers the final treaty
which is now beng negotiated with Russia The
Lazis In Constantinople have petitioned Prince
Lebanon, the Russian Ambassador, for pass
ports enabling them to return to Batoum.
Count Zchy, the Austrian Ambassador.
has requested In friendly manner an
explanation OF the concentration OF Turk.
ish troops at Kossova, small town IN Roumena
seven miles northeast OF fristina." Ncar this was
fought the great battle In which the Turks an
initiated the independence OF Servfa, June IS,
1881 The Teiegroph's CoDstantinope despa tch
soys:-"Thc military authorities expect that
the Russians will retire from their
present positions, but that they will find q pre-.
text for another halt south OF Adrianople.. That
they intend 10 vacatc AdrlaucpIe 10 not bshsvcd.
Popular agitation Is being promoted In Adrnnops TO
prevent the Russians IRON leaving" Other Constan-
tnopie dispatches say tho completion OF the de-
fensvc lines oi ConstantinopIe has been authorized.
Some Oft tribes near Bssdad have revolted and
captured the town OF Damam. Tho Turkish sutbor-
ss nave tciegraphed urgently calling for reinforce
ments. despatch 10 the Times from Vienna states
inat tho stoppage Of the Russians In the neighbor-
hood OF Constsntinopls seems 10 have caused some
STR among tho Cabinets, though none Of them have
made any direct representations
AUSTRIA AND HER INVASION.
Vienna dispatches stsss that Count Andrassy viii
shortly send reply 20 the Turkish Circular, which
lli clearly refuto the accusations Of cruelty against
Austrian army, and viii justify Austria IN moving
awaiting tho conclusion or . oonvsssiss.