The New York herald., 1878-11-02
ENGIAND'S NAVAL STATIONS
Purchase Of Delagoa Bay
From Portugal.
FRENCH REPUBLICAN VICTORY.
Financial Distress Throughout
Great Britain.
[BY CABLE TO THE HERALD

LONDON, Nov. 2, 1873
It is reported that the negotiations be-
tween England and Portugal in regard to
the cession Of Delagoa Bay, On inlet of the
Indian Ocean in Southeastern Africa (ffty-
five miles in length from north to south
and twenty miles across), have been con-
cluded. This splendid harbor, the natural
port for the Transvaal region, thus becomes
Q British possession. Six hundred thou
sand pounds sterling (s2, 904, ,0OO were paid
by Great Britain to Portugal. A railway
connecting the new port with the Trans
vaal will be begun at once. This bay is
. commodious and safe anchorage, but its
shores are fiat and unhealthy.
REPUBLICAN, TRIUMPH IN yRASoE.
The result Of last Sundays elections for municipal
delegates in IT, 600 communos OF France, - lar ~
known, leaves NO doubt OF the issue Of the Ssna-
torial contests on the 5th Of January next. The
returns are not complete but those received 60 10
show that eleven departments, now represented BY
twenty-scven conservative Senators, have been
won BY the ropublicans-nameiy, Herault. Iilc-ct-
viiains. Ipdre-etLoire, Lot, LootGaronne, Manchs,
Marie, Maysnne, Msuse Nord and Puy-ds Dome.
The republicans having lost department this gain
Is than sufficient 10 turn the majority In the
Senate A republican majority OF At least twelve or
fifteen is confidently expected.
THE KAsrERN OUTLOOK
The Standard's despatch from Berlin says Russia,
replying to the Ports's ovcrtureA has declared her
readiness to reopen negotiations for = de.
nEitive treaty. Tho Festher Lloyd says the
British motto protesting against the Russian
movements In Turkey was presented at 81. Peters,
burg on October "a. The note expresses the hope
shat Russia will soon DO able 70 resume tho
Withdrawal Of her troops, and that they
viii not pass the line which they have
nov rsoccuped, as such step would
compel England TO take precautions. The Premier
Of Hydsrabad has placed the whole treasury
and army OF that State At the disposal
OF tho government TO be used against the
Aishsns The Calcutta correspondent Of the Daily
Telegraph hears upon good authority that the gov
srnment OF India contemplates adopting gold cur
Ysnoy and making English gold coins legal
tender throughout tho country. This statement is
not confirmed from other sourceG The St. Petersburg
olos journals deprocate the giving Of direct
assistance the Amesr OF Afghanisan, and advocate
benevolent neutrality. The Golos treats the English
ullimatum q positive postponement OF military
operations TO indennits PERIOD and advises Russian
diplomacy TO endeavor to prevent an open COL
Ason between England and Aighanistan. By order
81 the Commander-in Chief Of tho Caucasus
army all troops in tho rans-Causas,an districts
are reduced 70 . peace footing The Erwan
and Ron detachment are to bc demobilized and fur
loughs being granted. ConstantinopIs despatch
says the Porte has informed Minister Layard that the
proposed reforms will be introduced In one Province
Of Asia Minor, but the complete realisation Of tho
project will be postponed until the Of tho Turk.
Ish finances permits IL.
AUSTRIA GREEcK
The majority OF the Rsichsraih Committee on the
rspiy TO the speech OF Emperor have adopted an
sddrsss Ia which Count Andrassy censursd for not
sonsuIting the Rcichsrath on MS Eastern policy
A Berlin despatch to the Daily Nes0s says France
10 expected to issue note snorty, advi sing diplo-
matte pressure In favor OF Greece.
KoYPrrAN YIyAScEs.
The Messrs Rothschild will next week offer for
public subscription fS, 500c0o Of nvs per cent
Egyptian bonds At from 10 to Is. The British
and French governments guarantee the appoinsmsnt
Of commissioner TO see that tins revenues derived
from the Kbsdivc's surrendered are devoted
10 the payment OF tho interest ana 10 provide .
sinking fund for this loan until It's extinction.
THE SOCIAL sPEcrRk
Corresp9ndencs between Prince Bismarck ana the
Wurtemburg Minister 10 published Berlin, wherein
Bismarck states that n Is the intention OF the
vovernment to bring about . comprehensive
revision OF the customs tariff the preparatory iabors
Tor which have already commsnccd. The police
have interdctsd tho sale OF socalistc works Of
Lassaiic.
FINANCIAL DISTRESS
Rumors Of impending business failures are sga o
ripe at Glasgow Tho stoppage 10 announced Of John
Lsekis Co., sadders, Of glasgow and London. with
works at wassi. Liabilities $250,0
Nsssra Mathew Nislman, merchants Of Glasgow
and Leitn, have failed.
Tho nrss secular days Of May and November, being
Ihs days which tho Bank Of England makss up ~
balances, arc observed holidays BY the bank and
on the Stock Exchange. Consequently shoss ins,Iiu.
stous closed yesterday.
Tho sheriff q, glasgow on Thursday refused the
applications Tor bail In the OF the directors OF
The Cky OF Glasgow Bank An appeal from the
Bherin's decisou will be carried before the Lord
Advocate, and refused there will DO carried to Ihs
High Court Of Justiciary at Edinburgh
r. shore h Co., brokers. OF Liverpool, have failed.
Liabint,es si75,0
cAsLx rrxMs.
The HERALD correspondent Al Havre tsissrapbs
that the United States ship Portsmouth, Commsndcr
Frederick v. McNsir, saned from that port yester-
isy for tho United states.
Tho German government has sent 5000 marks
e750) Tor the rcIiei OF German sufferers By yellow
lever in tho United States.
N. Tricoup,s has succeeded In forming q now Greek
cabinet
THE EXP0SlTl0N'S LAST DAYS.