Daily Los Angeles herald., 1878-02-20
bismarck cid nos Dance.

fllcting.
bismarck Gid NOS Dance.
BERLIN, Feb. 18th. Prince Bis
marck attended the royal wedding
last :iight, but did not participate
in the ministerial flanbeau dance.
Austria Getting Ready.
LONDON, Feb. 19th-6 A. NJ
While all the indications point to
q peaceful settlement of the East
ern question, there is no doubt
that Austria, like England, is pre-
pairing for war in case the present
negotiations fail. At Pesth $4,000
troops have been quietly assam hied
and contracts made for forwarding
provisions TO them if they should
take the field. Two camps of 1000
men have also been esta blished at
Pop.id and ut Palosa, near the
Gallician frontier. To-day impor-
tant statements may be expected in
the Parliaments OF England, Aus
tria and Germany.
Austria's Position.
VIENNA, Feb. 10th. - Prince
Daersperg, President of the Aus
trian Council of Ministers, in reply
to the Interpolation in the Lower
House of the Reichsrath to-day,
said the Government, on being in
formed of the preliminaries ofpeace,
frankly stated its position regard
ing them, declaring it could not
consider as binding any arrange
ment between the belligerents af-
fecting the interests of this mon
archy or the rights of the signato-
ries of the treaty of Paris as long as
such arrangements were not agreed
to by the powers. AT the same
time, the Government took the in
itiative in the convccation of an
European conference. We expect
an early meeting of the! Congress,
consequently the Government is
not in a position to make detailed
statements of its views. In any
case, the Government, in the pres
ent grave circumstances, will con-
slider it its duty and mission TO Sc
cure the due consideration of the
political and material interests and
dignity of the monarchy.
Cardinal McCiosEy at GA eens:ewD.
LONDON, Feb. 10th.-The steam
ship City Of New York from New
York for Liverpool arrived at
Queenstown this morning. Car
dinal McClosky is passenger.
United states Bonds in EhgIand
Advancing Instead of Falling.
LONDON, Feb. 19th.-The Times
says: United States bonds have
surprised many people by advance
ing instead of falling on the news
that the silver bill had passed ia
manner that will insure its becom-
ing law in much its present shape.
We have always said the public
was not selling the stock to any
appreciable extent and the weak
ness which has now aud then char
acterized bonds was due as much as
anything to the passing fears of
dealers andi of speculative selling,
which only made the market hard
err, hence, on receipt of better New
York prices and because the worst
was now known, the market nat
urally rose by the mere efforts of
those who had sold to buy back.
Besides, ii has become noticed that
the limitation put upon the guam
tity of silver that may be coined
within q given time is itself tanta-
mount to making silver a subsid-
larry coinage, so that there is little
alarm felt and holders stick to their
bonds. The only thing that will
lower the prices Of these or any
other high class stocks just now is
dearer money.
The COncIaVo.
PARIS, Feb. 19th.-The Defence,
Bishop Dupanloup's organ, says u
large majority of the Conclave
seem secured to the parJizans of the
status quo. Only two Cardinals
appear to advocate struggle al
outrance. About a dozen are in
clined to more or less decided con-
centration. A correspondent says
the uncompromising party are di-
vided, some favoring Cardinal Bilio
for the papacy, and some Cardinal
Simeoni. The moderates are d.
vided between Cardinals Pecci and
Franchi. The LIST ballot will be
held to-day between 10 and ii. The
only Cardinal who has not arrived
or is not expected is Cardinal God
fri Brossais Saint Mare, who is i'll.