Otto hands Sigmund his cane and gloves. Sigmund eventually tosses the items only to be seen holding the cane a few seconds later.
Peter stops the duel between Davy and Otto by phoning for the time, to show that Bettina's birthday had begun, making her queen and ending Otto's claim to her throne. However, it was only midnight in the Pacific time zone. In her native country (presumably in central Europe), Bettina's birthday would have officially begun at least eight hours earlier (or 4 P.M. Pacific Time).
When Sigmund goes to break the telescope, it breaks before he begins bending it.