NEWS OF THE WEEK.
THE Continental situation has become grave. No Government has taken any step to pacify the alarm in Eastern Europe, and it is stated on all hands that the preparations in Russian and Austrian Poland have become very large. The German military writers affirm that 200,000 men have been concentrated in Poland, of whom 40,000 are cavalry, and that new wooden barracks are being built for their accommodation. Pontoons for bridges are, moreover, being hurried up the Vistula ; and it is stated, but is less certain, that farther reinforcements are coming up from the South. The Russians affirm that all these movements are defensive, but they do not deny them. On the other hand, the Austrian Government is quietly massing troops in Galicia to such an extent that its demand for planks to build huts with has doubled the price of sawn timber, and according to a well- informed correspondent of the Standard, it has resolved, on the fret sign of Russian activity, to mobilise its entire Army. There have been heavy falls on the Vienna Exchange, and it is noticed that the Austrian and Hungarian Premiers are consulting at Vienna in a way that always signifies a necessity for arrange- ments to be made in common.
