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| Turkish vessels in the river will find themselvos cut off ! up to tho capital, but not | remainder of their troops soattored along the Danube THE WAR. Review of the Operations of the Contending Armies. OTTOMAN INDECISION. Russian Torpedoes in the Danube and the Turkish Iron-Clads. THE CAMPAIGN IN ASIA. Successful Advance of th Russians-—~The Turks Retiring and Concentrating, ENGLAND STILL PREPARING. The Coming Battle in Parliament—How the War Affects Trade. [Dx capLz To THE HERALD.] Lonpox, May 7, 1877, Lord Derby's answer to Gortechakofl’s circular note | 4s published, It is inthe form of a note from Lord Derby to Lord Loftus, the British Ambassador at St Petersburg. Tho following is the text:— “I forwarded Your Excellency, on the 24th ult,, @ copy of Prince Gortschakof’s circular, an- nounciog that the Emperor had given orders to cross the frontiers of ‘Turkey. Hor Ma- festy’s government have received this communication witb deep regrot. They cannot accopt the state- ments and conclusion with which Prince Gortsehakolf bas accompanied it as justifying the reso- Vution thus taken.” A telogram trom St. Petersburg, dated Sunday, says:-Lord Lof- bus to-day handed the Russian government Lord Derby's reply to Gortschakof’s circular, 1% is Btated on good authority that Kussia dovs not intend toreply. Tho IJndépendence Beige’s Paris special as - sorts that Derby’s reply is very bitter, FIGHTING NRAR KARS, A despatch from Erzeroum, dated May 2, says ® Russian column numbering 12,000 men, op- erating east of Kars, attempted to force tho Bognanie Pass at Varisban aod was repulsed, Tho Russians twice assaulted Kars, but were repuised with heavy lose. Abdullah, the famous Kurd chief of Van, is about to start, with 10,000 Kurds, for the Russian frontior. A despatch {rom Constantinoplo states that Makbtar Pacha telegraphed on Thursday ast that in consequence of the recent engagement beforo Kars tho Russians were obiiged to move back their camp. Eight thousand Russians are encamped near Ardahan, but Ardahan had not yet beon attacked, Tho Commandant at Batoum, telegraphing on Thursday, announces a small successful engagement, A Akhalzik despatch, dated May 2, aays five columns of Russians travorsed tho mountains and effected a Junction with tho bulk of tho army near Kars, A REVIEW OF THE PROGRESS OF HOSTILITIES, Thirteen days have elapsed since tho leading columns of tho Russian army of Bessarabia crossed the Pruth. Witbin this timo had the samo energy been shown as was manifested in the dash on Galatz heavy Russian masees should certainly be im tho close vicinity of, Instead of being only expected al, a station eighty tiles distant from Bucharest. Tho oxtraordinary wot- sess of the weather may partly account for this, Railway traasport of troops and stores down tho valley of the Pruth has beon stopped, and bridges at many points along ye line of railway have been broken by floods, On country roads, of courso, thero must havo beon many delays in the passage of artillery and stores; yet with even th diMicuities the Russian army, if properly propared and equipped for the campaign aud turnished with a Dridge train, such as must have been calculated upon for tho passage of the Danube, might fairly have been expected to hi made more rapid progress in a thoroughly friendly country. During the past weck the progress of the Russians has disappointed the ex- pectations to which tho first rapid dash of the Elevonth corps into the Principalities gave riso directly attor the declaration of war, Tho commander of tho Fleventh corps, breaking'out from the Bessarabian frontier, near Boigrad, pushed pidly forward, soized tho ‘important bridge of Barboschi, by which railroad = commanteation between Jassy and fucharest crosses the Soreth, and occupied Galatz and Ibrail, Beyond these points, in uber direction, the Russian commanders do not teom to have penetrated, and sppoar to have sontented themselves with tho oxchange of tennonade between the batterios on the banks of the Danube and the Turkish gunboats farther down she river, Tho Thirty-sixth Russian division, which doos not form a portion of the force of the Grant Duko Nicholas, but is a detachmont of the army Intended to guard the nortnern svores of the Black Sea, has occu- pied Ismail and Killa, and is reported to have at- tempted to construct a bridge near Roni, for a passago into tho Dobrudscha, This attempt is said to have Deen hindered by tho firo of two Turkish gunboats, LOCKING UP THE TURKISIC IRON-CLADS, Reports have beon received that Russian gunboats bavo been brought in sections to Galatz, thero pat together and floated in the stream. Later intelligence makes it appear probable that these vessels aro not gunboats, but torpedo boate, The Russians are oxten- ‘ely calling eubmarino mines into play to binder the passage of tho Turkish flotiiia upon the down stream, Tho action of-this flotilla has not beon marked by either onergy or activity, and the only stirring feat ree corded of the Turkish navy has been the dashing os- capo of Hobart Pacha down tho Danube. It 16 diMcult to undorstand bow the Turkish iron-clads and gun- boats, equipped with beavy naval ordnance, can have allowed the Russians to occupy quietly all the important points on tho loft bank of the Danube trom Ibrail down towhero the Kilia mouth falls into the Black Sen, south of Akerman, and have dono no more damage to the invaders than to throw a few shells into ono of the towns they occupied, It seems, too, that now tho | from retreat to the Black Soa, if it be true that the Russians have strewn tho stronm about Reni so thickly with torpedoes that all passago is impossible; and even neutral vessels bound jor Galatz cannot be lowed to ascend the river westward of Galatz and Torat, The Rugsians bave been slow, and the Jatest intelligence from Bachurest is that the Russian columns aro expected at Kuseo, on the railway beiween Galatz and Bucharest, about eighty miles northeast of ‘he Jatter place, They are afterwards to march close ter the city, merely remaining cantoned in the villages in the neighbor. hood, TURKISH INDRCISION, The movements of the Turks appear to havo boen fapine and more prompted by unreasoning panic shan by any strategical principle of accurate conception of a plan of campaign. On tho outbreak of hostilities the Turks hold considerable forco at Widdin with the and in tho rear of the stream as far as Varnu, where the Russian advance took piaco, The Turkish stuff sppear to havo at once rushed to the conclusion | NEW YORK HERALD, MONDAY, MAY 7, 1877.—TRIPL SEAT OF WAR IN ROUMANIA. . that the narrow neck ot land between and the mouth of the Danube, forms the northern portion of the Dobradscha, was the menaced point, and the troops burried in that direction and scom to have suffered considerably from sicknoss coptracted tn the unbealthy marsh Iand upon which they were thrown without proper stores of food or medicine, Wiser and calmer fooling seems now to prevall, and the bulk of the Turkish forces appear to bo massing toward Silistria and Rustcbuk, and this Is the direction in which tho Russians by thetr movements appear to indicate a de~ sire to pass tbe river. But the Turks seem still con- tent to remain passively on the defensive, and make no ohdeavor at any countorstroke or forward move ment which might ald them to form an accurate judg- ment as to the point at which the Russian attack may be made, or by what forces they may be assailed, ‘THE CAMPAIGN 1N ASIA. In‘Asia the movemonts of tho week hayo been of some importance. The Russian forces at the opening of the campaign moved from the froutier in three col- umns—that on the icft from Erivan, on the contre trom Alesandropol and on the right along the coast of the Black Sca toward Batoum, The last column wes repulsed in front of this fortress and has since appar- ently suspended operations, of is gradually moving southward to ald in a concentrated movemont which secms now directed against Kars and Erzeronm, The column which marchea from Aloxandropol moved directly on Kars and fought a minor action against some Turkish battalious from that place, who after the engngoment retired within tho fortress, It scoms evident that Makbtar Pacha has loft Kars to be defended by its garrison, and has withdrawn his flold army to Erzcroum, and was even harassed in bis march by tho cavalry of General Meh- kof, which has pusned its reconnaissances beyond Kars, in the direction of Erzeroum, and cut telographio communications between the two places, ‘The cause of tho movement for concentrating mado by the Turkish commander toward Erzeroum may be partly accounted for by the action of the Russian column which moved from Erivan around the spurs of Mount Ararat, This column on the 30th of April occupied Bajozid and thus placed itself on the road which leads directly to Erzeroum, at a distance of about 200 miles from the latter place. A rapid advance of the Rusrian columo trom Bajazid would havo turned the army lying near Kars; and it was necessary, before tho Russians could press forward on Erzeroum, that the Turks should fall back toward that place. Kara 1s left to be blockaded or besieged, TUK OCCUPATION OF BAYAZID. Tho Russian account of tho occupation of Bajazid says tho Turkish garrison retirod southwest, leaving a considerable quantity of ammunition and provistons be- hind, Both in 1623 and 1854 Bajozid, which isthe tron- tier town toward Porsia on the groat caravan road from Tabriz to Erzoroum and Trebizond, played a conspicu- ous part, and the Turks laid great stross on the protec- tion of this point, which on ono sido controls the shortest road from the Ararat country to Erzcroam and on the othor leads to the Van and Upper Euphrates country. In 1854 the first and only engagements with the Turkish troops in the open country wero fought m that direction, and it was only after defeating tho Turkish forcos under Selim Pacha on the 30th of Jply, 1854, that the Russians could take possession of this point. According to a Russian builesin thoro wero only 1,700 Turkish troops aoout Bajazid, and these without oven firing a shot—for nothing Is said of an engagement—witndrew to the slopes of the Aladagh, a bigh mountain near the sources of tho Euphrates; and this fact would show that unliko former occasions when great importanco was attached by the Turkish commander to the defence of Bajazid and the watorshed botween the Euphrates and tho Arras, or Phasis, flowing into tho Caspian, this point has not now beon taken toto tho rango of delonsivo operations, or elso by a piece of unpardonable nogli- gence on the part of the Turkish commanders in Ana- tolia, an important defensive position has been sur- rendered. In the absence of proof to the contrary, the Turks may be credited with having abandoned Bajazid from strategical considerations, rather than from neg- ligence. THE RUSSIAN ADVANCE. ‘These movements show that the Rassian forces are advancing in a semi-circle toward Erzeroum, whiletho Turkish forces aro concentrated in a triangle of Erze~ toum, Olti and Kars, The Turkish position 1s so far a good one, whilo tho Russian advance is too extended to bo Justified, except by the number of men in reserve and following up the advance, According to intorma- on recetvea here there aro no less than 140,000 men. conducting ond supporting the movements, so that ‘we may bo prepared to hear of the first battle hay- ing been fought south of Kars, followed by the advance forcing tho parses between Getshe- van and Delimusa to Midschinger and Hassan Kaloh, where the Turks will bave to take up their posttion for the defence of Erazeroum, for if once tho crest of the mountains bordering Erzeroum on the enst is won by tho Russian troops tho town ts lost The Ros- sian consuls of Batoum, Kars, Erzeroum ond Trebi-+ zond, accompany the headquarters, aud will be en- trusted with civil administration of tho districts occus pied, Vory significant for the thoroughnoss of the Rus. sian ndvanco so far is the fact that each corps has kept wp communication with the others through- out. This has beon accomplished by tho Coesacks, Tho number of Turkish troops at and between Erze- room, Kars and Batoum amount to 64,000 regulars, of whom 2,000 are cavalry, ond about 4,000 arulicrists, In addition thero ore some 6,000 militia and avout 6,000 Kurdish irreguiar cavalry. Kars is well armod, but the detached forts are badly placed and cover each other insufficiently, or not at all; nor are any of the fortresses woll provisioned, with tho exception of Erze- roum, whero there is a Jarge stock of rico and Indian corn, OW THY WAR APFROTS TRADE, Operations in war risks formed an important part of business in marine insurance during the week, but the tone has been calmerthan that of last week, though rates cannot be raid to bave decreased at all, Vory large amounts have been insured on British property in British bottoms against war risk, Only from China to tho United Kingdom by ships or steamers warranted to fail on oF botore the dist of Angust, at ba, per cent, or 7s 6d, on or beforo the Bist of Octubor, Ib is stated that as much ax Ss, per cent has been paid on English merchandise inan English steamer to Gibraltar and 10s, per cent to Constantinople; but the prevail rates would be neager 2s. 6d. per cont and by, por cent respectively, As much as £10 10%, per cent bas boen paid against the risk only of the blockade of or prohibition of export of gram from Russian Baltic ports, and much highor rates against the samo risks at Russian ports in the Black Soa The rate against war risks only by ship or ships to or trom India or Pacifico porte is about 6% por con, It does not appear, from the terms of ber declaration, whether Turkoy intends a blockade of Russian ports in the Black Sea, as maintained by her fleets through thoir presence in tho neighborhood of Such ports, or whother, by simply placing a squadron at the entraneo of the Bosphorus, sho shuts off all communication between Russian ports in the Black Sea and the Mediterranoan, nor has thero been any expression of opinion as tothe view which would bo taken regarding tho Jatter course by the Powers who were parties (o the declaration of Paris, A RUSSIAN TRIUMPH PRADICTED, Notwithstanding tho tardiness of Operations and the Meagroness of information even the most pronounced Irionds of Turkey begin already to forcbodo easy vic- tory for the Ruasians, Tho Daily Telegraph, in a load- ing article yesterday, satd:— We shall not attempt to prejudge the issue further than to say, what ts obvious on tho face of aflairs, that tho chances arc unfavorable to the Ottomuns, ‘Even aided by immense advantages poth In Europe and Asia they are neither strong nor skilful enough to beat back the tide of Invasion, and if thoy should succeed their triumph will be due to those happy acel- dents which sometimes second the efforts of brave and devoted soldiers, It ts this despondent feeling on the part of Turkish sympathizers which gives riso to the rumors and foars of British intervontion, because ‘t renders them clamorons in urging tho government to make a declaration of its intention to defond British intorests and to define what those interests are belore ‘Turkey i8 overwholmod. The English alles of Russia forgot that the electric wire transmits and will transmit daily and hourly nows of cach Russian wicery 50 Sree: ern ~“ of tho Moditers , that the Asiatic mind will bo specially improssed by the fall of Kars when it fooonre etil MereOetie reduction of Erzeroum, and will bo violently agitated o jared Mt appears probable that the Russ is master In former wars of annexation there were no sub- marine cablos extending to India, but now each in- cidont in tho coming campaigns, magnified aud dis- torted by rumors, willbe koown.” ed “We know nothing of Sebastopol,”’ said an old Arab to an English traveller in 1857, “but wo do know that all of you together could not keep tho Russians out of Kars’ The same remark will be made again, and with bow much greater force it Stamboul is added to Kars, Tho Anglo-Russians may remain obstinate in their foolish beliets, ich have no solid foundation in the world ot tact; yet they will not succced im de- Juding a nation which nas bullt up a great empire into selling ite birthright for a mess of pottage. ENGLISH PREPARATIONS. Further sources of uneasiness and disquieting ru- mors are the known antl-Russian feeling of loaaing members of the governmont, tho constant succession of Cabinet councils which have vocn held almost daily during the past fortnight, and the hasty and ox- tensive warliko preparations in tho arsonals and dockyard: Nevertheless, it cnnnot bo said that thero {8 any very provalent belict, or oven apprehension as yet, that the government intend hostile action against Russia. Tho Stock Exchango ‘was yesterday dopressed by various rumors, among others one that tho occupation of Creto by a British force was determined upou, the obvious origin of whien was Router’s telogram that the squadron at Corfu had been ordored to rendezvous at Crote. THK COMING BATTLE IN PARLIAMENT, Excitement over the Parliamentary battlo, which is to bogin in the House of Commons to-morrow, almost overshadows interest in the dilatory operations of tho war, It is arranged to devote Monday ana Tuesday to debate on Mr. Gladstone’s resolutions, and division is to be taken the second night, Ataconferenco ot Jib- eral leaders on Friday it was decided to follow the course provisionally agreed upon on Wednosday, by vot- ing for Sir Jobn Luvbock’s amendmont in favor of tho previous queation, and thoretore in condemnation of Mr, Gladstone’s resolutions, The general interpretation of those resolutions is that they call upon Parliament to affirm that tho resporsibility for tho war rests with the misgovernmont and, oppression of the Porte; that British sympathies ought to be on the side of Turkey's assailants and British powor ovght to be oxerted in conjunction with Russia in ordor to bring about a dis- momberment of tho Uttoman Empire in Europe, It is estimated that somewhat more than a hundred Nberals will voto with Mr, Gladstone, Tho argu. ment of those who deprecate Mr. Gladstono’s course is that if he should be supported only by a small section of the liberals bo will have cast unjust discredit on the strength of the party opposed to any armed intervention on beball of Turkey; if he mus- ters a creditabio following ho will have rendored Lord Hartington’s position almost untenable, iu cither event ho will havo divided tho opposition into two camps, ana thereby played into the hands of the gov- ernment. ‘THK PRESS ON GLADSTONK’S NKSOLUTIONS, Tho Saturday Review says tho moderate liberals and regular leaders of the opposition perform a painful duty in separating themselves from their former chief, whom they still admiro as the most brilliant member of their party. Absorption in ono favorite object or in aspecial process of thought is incompatible with a just appreciation of the comparative importanco of political duties, Mr. Gladstone can for tbe moment sce nothing but Bulgarian massacres, and ho is jnsen- sible to the immivent risk of destroying an bistorical Engheh party. The Fconomist save tho stop taken by Mr. Gladstone {8 not inconsistent with bis past career; forhe has often taken a strong line of bis own amid great oppo- sition from those closely aswociated with him as well ‘as from political antagonists, aud bis course of action hag also moro than once boon justified by success, Bat the Keonomist does not believe in the present ine stance that bo will have tne usual good fortune which has attonded him in similar crisos, The Pall Mall Gagette says:—*In breaking through the feeble organization which his party in the course of threo sessions bas barely secured it is not at all im- possible that Mr. Gladstone has destroyed tho party itself. Its urgent needs were peaco, modoration and ag much union as was practicable, Wo, for our part, are sivcercly sorry for it, Wearo as tar as possible from thinking that the present yoverament is likely to bo go uniformly in th? right on all questions that the liberal party and opposition can be disponsed with, It is exceedingly probable that throagh tho ineffectual eriticising of an opposition known to be disorganized English polities will very frequently follow a fulso route.’’ ‘Tho Spectator assorts that Sir Joho Lubbock and tho miscalled loaders of the opposition have mistakon pu- sillanimity for pradence and the craven fear of incur- ring unpopularity by laying down a policy for the fu- ture which would favor the great enterprise of Rassa for & magnanimous rupport of political rivals, Yot there is nothing atallin any one of Mr, Gladstone's resolations to embarrass the government, unless it is bent on piung- ing us, sooner of later, into war for the protection of Turkey; and if it is bent on 80 disastrous @ course liberal leaders of any courngo and capacity would be euger to risk the danger, if tivit 4, — { S27RIPLE SF SEAT OF WAR IN ASIA MD EB SHEET. danger It bo, of unpopularity, and to welcome the bit, terest reproaches of narrow and shortsighted patriots, rather than not speak of and speak plainly as to the consequences of so mad a crusado in so evil a cause, Evory change which tho spectator can note in the at- titude of the government is change in one direction— change hostile to Russia, favorable to Turkey; chango in the direction of reproaching Russia and apologizing to Turkey; change toward suspicion of the Northern Powor and sympathy with the Oriental Power, Now, asthe miscalled leadors of the liberal party perfectly well know this is so what folly can be greater than to do all in their power to in- duce the country to acquiesce in this change, unless, indeed, they approve it and wish to seo it steadily progressing. If Lord Hartington aud nis colleagues persist in their intention to support Sir Jobn Lubbock wo can only say that the best chance for the liberal party is to rid itself of tho dead weight of leaders who cannot lead and replaco Mr, Gladstone, whether he will or no, in the old position which he ought nover have deserted. These arc not times in which wo can afford to be led by mon without bold hearts and clear heads. NORTHCOTE APPEALS FOR “GOOD 8ENBE.’? Sir Stafford Northcote, speaking yosternight at tho banquet of the Royal Academy, and evidently In allu- gion to Mr. Carlylo’s lottcr, sald:—“Certaimly never was thero a time when we had moro need In politics at least for good sense and good taste—for the good senso which teachcs us moderation, the good taste which teaches us to carry on tho business of Parliament and of public lifo without offense to thom with whoin wo had to do; and cortainly if that is a fair rule to apply to the conduct of Parliamentary life thero nover was a timo when there was greater need for such good sense, good taste, than at present, This is a moment when we ought to be careful of every word ‘we uso lest wo may inadvertontly do wrong to others and mischief toour country. I am not going to take ndvantage of this occasion to talk politics, but 1 will venture to say it is important that the peoplo of England should keop thoir heads cool and not believe too hastily tn idlo rumors, Wo aro startled overy morning by somo telegraphic despatch from abroad, or still more by some letter from some prominent persun at home, disclosing to us the astonishing intelli- gence that the nation is about to be run into somo extraordinary onterpriso which is about to bring about a conflagration, and when you rise from your newspaper and goto business you meet a friend from the eity who tolls you funds have fallen, that two members of tho government are about to retire, and that the most foartul catastrophe is about to occur, and you had better go and reatizo at once. Of course, there is no rulo without exceptions; butI do find it fe not safo to beliovo anything you hoar on a Satur- day, for thon there aro two days when no contradic tion can bo given to theso sturios, unless thore happen to be such a favorable opportunity as this, oUR POSITION AS A NEUTRAL NO OFFICIAL NOTIFICATION FROM RUSSIA— ANTICIPATED DEPARTURE OF THE RUSSIAN FLEET. Wasuinctoy, May 6, 1877. Tho Department of State has not yot been officially informed through the propor Russian source of the existence of war betweon Russia and Turkey. The latter, It will be recollected, mado known this fact to the Department several days ago, When Russia shall be beard from the Department may framo such a ree ply to each ag our position toward tho belligerents requires, Kvery proper measure will bo takon to strictly observo our neutral relations, while yield: no rights of our citizens under treatics and intern: u | law. There 1s reason to believe that the Rus- stan ships will soon depart from our waters, It ts not known here that they bayo done anything contrary to nur laws, but on the contrary have strictly respected thom. THE NEWTON BURGLARY. (bY TELEGRAPH To THE HERALD.) Newrox, Mass, May 6, 1877, Tho robbers who enterod the dwelling house of Mr, Harrison Prescott, a retired business man living on Brown street in this city, on Friday nigbt, made quite a haul, they waving obtained $21,000 of government bonds and $600 in money, thicves first entered Mr. Prescowt's siceping room, where they got the key to the sate, and then robbed the lattor of all that was valuable and negott- able, There are among tho stolen arities fourteen $500 bonds, numbered as follows, with Januaary and July coupons duo in 1467 :—32,79 2,799, TM, 32792, 16,407, 10,506, 16,505, 1504, 02, 16,501, 16,500." There are also five cach dated July, 1867, numbered a8 24,227, 24,228, 24,220, 24,280, In addition to’ these thero wax $100 vond, dated July, 1867, numbered 42,091; one $140 |, same dato, numbereu stolen betng $12.150, in large capitals, “I. 390, the total amount Fd were marked on the TIRES, AN OBSERVATORY BURNED. [BY TELEGRAPH To TUN HEnaTy.} New Para, N. Y., May 6, 1877, Tho observatory on Sky Ton, near Mohonk House, Paltz Point, was destroyed by fire at two P. SM. to-day, A HOTEL BURNED, New Haven, Conv., May 6, 1877, Foote's Hotol, at Stony Creek, was burned ycetorday, Loss $5,000; insured for $3,000, SALT BLOCKS DESTROYED, Syracuse, N. Y., May 6, 1877, Thre salt blocks of tho American Dairy Salt Com. pany, in Geddes, were destroyed by fire this morning. 1,038 $10,000, DESTRUCTION OF RAILWAY BUILDINGS, Cixcixsati, May 6, 1977, Aspectal to the Commercial says the round house and shops of the Chicago and Lake Huron Iatlway, at Battle Creek, Mioh., bave beon destroyod by fire. Loss $40,000, No msurance, MILLS AND ULAIN CONSUMED, Cixewwsati, May 6, 1877, A special to tho Commercial reports tho burning of McKeeno’s milla at Ridgeville, lud., this morning, with 5,000 bushols of grain and a number of ogricul- tural Implements stored therein, Loss estimated at from $14,000 to $20,000, GOOD SHOOLING. New Onurans, May 6, 1877. Dudley Selph, of tho Crercent City Rifle Ciob, yesterday mado 214 outof a possible 225 nt 800, 900 and 1.000 yords, waking 84 bull's eves m 45 abots, TELEGRAPHIC NEWS ————--—_—_. From All Parts of the World. ree COMMENDATIONS FOR STANLEY. A Prominent German Explorer Foretells His Arrival on the West Coast. Review of the London Stock Ex- change for the Past Week, (BY CABLE TO THE NERALD.] Loxpon, May 7, 1877. The HEAL Berlin correspondent telegraphs that Dr. Nachtigall, the African explorer, praises Stanley's discoveries and predicts his arrival about August next on the west coast alter having solved the great riddle of the Congo, the Oyowee and their confluents. The explorer has many words of high commendation for the intrepid correspondent and for the enterprise of the journals that commis- sioned him. WEEKLY REVIEW OF TIE STOCK RXCHANGE, On tho Stock Exchango business was generally con. fined within a narrow range, but the teadencyof most descriptions was favorable, the dealing having been mainly purchases, a few of which wero for use, while tho groator number was in connection with the closing of speculative transactions fora fall, Tho firmness, however, was more noticoable during tho early part of the week, a relapso having occurred from the best point after tho advance in the valuo of moncy, owing chiefly to adverse rumors respecting affuirs in the Fast, Compared with last week, however, tho changes, except in very {ow cases, are on the vorable side, tho Improvement having been greatest among the forolgn securities, The principal alteration in this department aro in Argentino bonds, which havo been in brick demand at o gain ranging from 4to 63, in consequence of the xunouncement that the July in- terest on the 1868 loan will be paid in due course, Uruguays and Broezilians have boen doalt in at im- proved values, There bas been « marked improve- ment in Egyptian descriptions, the riso amounting to from 234 to5, Russtans and Hungarians showed strongth, although closing Friday under the best point for tho weok, The advance averages 3a 3%¢ allround., Porn. vian, Italian, French, Bolivian and Spanish changed hanas at increased quotations, but a decline took place in Austrian paper rentes, Japanose avd ono or two Turkish loans, The advance in bank rate caused a weaker tendency in home government socuritics, and consois jor immediate delivery and tho June account relapsed nearly 144. English ratl- ways all higher on the weck. Canadian lines oro = firmer, An upward movement took place In American securitics, In tolegraph and tram. way shares not moro than an ordinary Satarday’s business was done yestorday, and thoro was a gencray tendency toward flatness, About the close, howovor, a slight rally took piace in several seouritics; but compared with Friday the changes, with two or three exceptions, were on tho unfavorable sida, Homo funds wero depressed. English railways wero hoavy until a litle before the termination of business, when are. covery occurred in soveral instancos, The rally, how- ever, was only tractional, and on tho day’s transac. tions all) movements were downward, In tho foreign market movements wore confined to compara. tively fow stocks, and none of the attractions wero of much importance, The Mnal prices wore above tho Jowest level jor tho day; but tho only Instances of an aavanco wore for Buenos Ayres and Argentine, Hun- gurians declined 1; to 1; Egyptians unified, and prof. erence; Mallans, 3% to %; Russians, 4 a1; French, 40%; Turkish 5 per cents and 6 per cents, 35 a 5 American securities quict at about Friday's prices, The Keonomust says the Bank's reserve is now only £10,027,000, at which point the advance of the Bank rato on Thursday wasy most fully justified, Ata timo ke yresont when grent disturbing events aro pos- sivlo atany moment it would bo oxecedingly danger. ous not to strongtben the reserve, Still we can hardly expect any sustainod rise in money at present in the absence of disturbing events, The suspense keeps trade Inactive and will tend to bring money here from the continent for safety. Wo aro also enter- ing on tho slack season for money, when exchanges tend in favor of this country and bullion usually ac- cumulates, With an advance to taree per cent, sup ported by the riso in open market, @ partial check in given to tho outflow of bullion, and this ebeck would be Increased if for the time It was thought ox. pedient to go to four per cent, While money is so abundant as it fs in Paris, and the bank rate there is only two percent, @ moderate advance here soon strengthens the reserve, A sustained riso in the value of money i thus unlikely at present, and after alittle we should rather expect rates to fall off It is the duty of tho bank, however, in the present circumstances, to keop strong, and this will retard any reduction of the rato after the rise has proved sufli- clont for the purpose intended, WEEKLY REVIEW OV THE MINCING LAN® MARKETS, The markets in Mineing Lane experienced somo partial improvement and speculative articles farther advanced at the commencement of the week, These since met a lesy animated demand, and the quotations in several cases slightly receded. Rice, which at one tumo sold very extensively, is now rather quict, Aait- petro has fallen £1108. a £2 per ton. Other produce, influenced by the wor, 1 also less ox cited, Sugar attracts moro attontion, The trade have bought freely, and there tan revival of speculation, Jn Jow onntitien prices clone Od, to Od, per cw, over 7 those of the previous week, Refined also advanced, The public sales of coffee again passed off with animn- Hon, plantation Ceyton bein: fully 28. per ewt. higher on tbe week. Ordinary qualities were also firmer, The deliveries here have veen remarkably large, The tea market presents no new. feature, Most of the Spices continued inactive, At Glasgow yesterday sugar closed firm as compared with the previous Saturday, Crystals were 1s. 6d, aod ober kinds 28, a 2s, Gd. higher yesterday, aud occasionally higher prices were paid. ANNEXATION OF TRANSVAAL. A despatch to Reuter’s Telegram Company from Cape Town, April 17, via Madeira, announces that ‘Transvaal bas been annexed to the British Empire and the British flag hoisted at Pretoria. Mr. Shepstono in. formed President Burgers that he could wait no longer, and proclaimed ‘Transvaal British tere ritory on April 12, President Burgers hag issued a protest against the annexation, but hax, at the samo time, counselled peaceable sabe mission. Messrs. Jorrison and Paul Kruger, two load- ubabitants, will proceed to Europe and the United States to protest against the annexation to Powera who have recognized tho Republic, A body of British troops have entered Transvaal, Some rioting je thought likely, but armed resistance is improbable, Mr. Shepstone has abuli shed tho war tax, Tho Cape Colony Ministry agreed im accordance with Lord Car. narvon’s wishes, to incorporate Griqualand-West with Cape Colony. A SUICIDE’S FREAK. A young man on Saturday night surprised tho pas- sengers on board « Pavonia avenue terryboat by dis- tributing a number of portraits of himself among them. He then wont out of the cabin and leaped into the water. The boat was at onco stopped, but no trace of the untortunate man could be seen. Yesterday morning a young woman came to the Central Office in qaest ot her busband, Alex- ander Mavonski, of No. 113 Bast ighty. second street, to whom she had recently beep married, and who had tuled to come home as usnal, Sho had a portrait of him with her, which on being shown to Inspector Thorne was seen to Core rospond with tho tin photograp the ferryboat auf cide, The lady was conducted Into a private room und her bereavement communicated to hor, oh for a timo bad the eflect of utterly prostrat The lady knew of no motive that could actuate her unfortunato husband to take bis lite, AN UNPLEASANT RECEPTION, At the Tombs Polico Court yesterday before Justice Smith, Mrs. Eva Bapstein, of No, 1% East Houston atroet, was committed without bail to await the result of the Injuries of Jobn C, Camoron, who was found unconscious in front of her door at two o'clock yestere day morning, The prisoner stated that Cameron was a tramp who insizted on coming into her house, He rang the bel! at two o’ctock and she abruptly shut the door in nis tace, Sho could not account for his injur tes except on the theory that ho had fallen down stairs, Sho emphatically denied baving pushed him. The police found Cameron suffering {rom @ wound in the bead evidently produced by a fall. Ho appeared to bo under the influence of liquor, They sent him to the Chambers Street Hospital, His injuries are not cor ridored serious Cameron told the police tha, Mra Bapstein had m down stairs, LAW. THE EXCISE A number of Nquor dealors in the Twanty-firat pro- cinet were yosterday morning arrestod for violation of the Excise Inw. Last night Froderick Dilger, of No 613 Third avenue, was arrostod on the same charge, ROBBING AN ARMY OFFICER, Richard M. Stewart, aged niucteon, of No. 191 Fim strect, was arrested yesterday by Detective Murphy, of the Eighth precinet, charged by Edward M. Tracy, a United Stator Army officer, with robbing him of gold watch, valued at $225, whilo they were on t curs together, ~ DEATH. Francla B. Dixon, agod Ofty-six, of No, 156 Wont Twonty-third street, the lawyer who shot bimself t» tho barroom at tho corner of Seventh avenue and Twenty-third streot some timo ago, died yesterday from the effect of njurios then receryed. OUR WEATHER FORECASTS, (From tho Dublin Irish Times, April 27.) A vory heavy galo prevailed on Wednesday night and throughout yesterday on the southwest coast of Groat Britain, and at the month of the English and St Georgo's Channels, Tho gale camo from tho east and Jowerod the temperature considerably bolow that which usually provaiis at this pertod of tho year, Wo notice this weather report chiefly because tho approach of thia cold storin was announeed by tho moteorological staff of the New York li LD bo iho offies that journal in London on Tuesday last. We datly publish notices of the wouther supplicd by the Goveramont Meteorological Department, London, but they stato in very tech. nical langoage, requiring & thorough knowledgo of barometrical science, what sort of wonthor did prevail on different parts of the Rritish coasts daring the — preceding — twenty-four —_ hours, They do not supply forecasts of the weather which may probably case, It seoms to us a humiliating maticr that a low sclentific gontiomen in New York should be able t warn the English = ple of tho approach of storms and hard weathor on theif coasts three days beloro experience cither, On several occasions we bave poticed the unfailing accuracy of the American forecasts. We havo threo Univorsitics in Irotaud, aud a bost of scientific men, Would it be possible to ob- tain from them weather forecasts as simple and roe hable as these which the New Yorn Hxraup tranemite tw us from the other sido of tho Atiantic? PRINTING CLOTHS MARKET. Puovinence, R. 1, May 6, 1877, ‘Tho salos of print cloths during the past weok amounted to 71,000 pieces, on a basis of 4c. for standard and exire G4aui4, tho market closing somewhat firmer at that figure, HOTEL ARRIVALS. Professor O. C. Marsh, of Yalo Collogo, ia at the Buckingham, Captain Iretsky, of the Russian Navy, and 8, H. H, Clark, general superintendent of Union Pacific Railroad, are at the Fifth Avenue, Miss Anne Louise Cary is at the Everctt, Lieutenant Colonel James C. Duane, of the Enginoer Corps, United States Army, ts at the New York, THE MOST TERRIFIC CC OR CONVULSING cough Is in forty-eight he Honxnou AN by Hau's Honxy ov Pike's Tootuach® Drors eure one minuto, A.—BENNEVT BUILDI coat gf iRBEROOF. J yoink eek CATED ON ASSAU, AND y fs LOT AND SOME: AND WELL NEATED OFFIOES TO LET ON VERY KEASONABLE TERMS, AND INSURANOB OFFIG! LAWYERS’, BAN AN Ne uN ON THK PREMISES. ea, AUCTION SALE. ‘TIITS (Monday) MORNING, at clevon o'clock, Messrs, LEVITT will sell at residence . | 140 Went 53d st, an clogant Wober Piano, a solection of Photorraphs, historical interast; alsa nves, Vases, together with Furniture, Carpets, Lambe roqulus, &e., which ure in spe: nidition, HOW MANY I RTICULARLY th sedentary habits, are constant fering trom the indigestion and dyspopain, which they allow to go hey are prosteated by a fatal attack of phold fover, To all desiring ® speedy eure for indigestion and biliowsness we can recommend thet sov- creign remedy, SCHENCK’® MANDRAME Pints, Atrial will demonstrate the excellent remedial qualities of this greab medicine, Sold by # BEST VALUE IN FRE by PARK & TILFORD and ACKEH Louis Davau's Extra Dry. DYEING AND CLEAN YORK DYE. ING AND PRINTING ESTABLISHMENT, Staton I Ufficos—0% Doane st., 752 Broaaway, 61 York: 166 Pierrepont st. Brooklyn st, Philadelphia, Established filty oleh ye re HAIR DYR—BACHELOR'S—BEST IN THE WORLDS wold by draygists. factory, 18 Bond st, HATS AT FACTORY PRIC NTLEMEN’S fine silk woft and Derby Hats a specia ow Ohureh st, LLAGH & CO, I profer the Unnyndt erm water, and for the all, the taste 1s not une t oppress the stomach, M8, M. D., Now York, blurt hong CHAMPAGNES.@ . Janos to any and following ro Jonwant, It nets prompt! 1 does not gripe nog ith JULES MUMM Sold by all grocers, wine LEE & PERRINS’ Woncestensuiae Sauce {s tho original and only Woreestornhire Sauce, SODA WATER APPARATUS FOR MAKING ALE oes ee IN MATTHEWS, tnt av, and 26h sty, ott, TO SUMMER HOTELS, juced ices, xv, Lequon, Ate or Porter, ta store ; O1s. Savens, Mum es wenerally, 61 Fulton st. and 709 Broadway, eos and table Ia. H, B. KIRK & ¢ “NKW PUBLICATIONS. pass ry iseABhe ViKOROUNO RE antares Ua