The Sun.
London, England, 1864-03-16 00:00:00

COMMERCIAL INTELLIGENCE,

The unfavourable war news, and the general un-
certainty of military movements, has increased the
premium on gold to 612 ; Exchange, 1751; Govern-
ment Sixes (Registered, 1881), 111 ; Treasury
Seven• Thirty Notes, 111; New York Central Rail-
way, 1371 ; Erie, 117; Illinois Central, 1344.
Cotton, 78. BreAstuffs active, at improved
prices. Provisions dull. Sugars, 13, 14. Coffee
firm.

MARCH 5, 11 a.m.

It belina to be generally admitted that the
Spring campaign, both in 7irginia and the South-
West, has been an utter falure.

Kilpatrick has found. it impossible to reach
Richmond, and has arrived within Butler's lines.
Sherman's expedition has not yet accomplished
its purpose, and it is believed that he has returned
to Vicksburg.
General Thomas's advance upon Dalton and
Atlanta has been effectually checked by Joseph
Johnston.

The Army of the Potomac is at its old position at
Brandy Station, and General Meade has been sum.
moned to Washington for consultation with the
President and the War Departments.

In the Senate, on the 2d inst.. Mr. Thompson, of
Maryland, threw the whole blame of the Florida
disaster upon Mr. Lincoln.
Mr. Lincoln's nomination of General Grant for
the Lieutenant-Generalship has been confirmed by
the Senate.

The Louisiana Unionists elected their free State
candidate on thp 22d nit., under the dictation of
General Banks.

Gold, 162.

(REUTER'S TELEGRAMS.)
BAVARIA.

PROCLAMATION OF THE NEW KING.

MUNICH, MARCH 11.

King Ludwig 11. has issued the following pro-
clamation upon hia accession to the Bavarian

Throne :

" We, Ludwig IL, by God's grace, King of
Bavaria, to our beloved subjects, greeting.
Almighty Gad, in his impenetrable decrees and
will, having thought fit to call to himself our well-
beloved and highly-honoured father, the most illus-
trious King Maximilian 11. of Bavaria, and the
entire kingdom of Bavaria, with all its ancient and
modern possessions, having by this decease fallen
to us, accsrding to the constitution, the political
and dynastic treaties, and in pursuance of our
right as next lineal and first born successor, we
have taken full possession of the same and assumed
the sovereignty of tho kingdom.
" We, therefore, call upon all the inhabitants of
our hereditary States to recognise us henceforth as
their legitimate and only Sovereign, to pay us
I.—i9lable fidelity and obedience, and to fulfil all
was
/ He s towards us as towards their Sovereign sent
stin.;od. We announce to them that we have
P.lnady taken the oath prescribed by the constitu-
tion. In order that the progress of public business
should not be interrupted, we order that all the
authorities of the kingdom should continue to dis-
charge their duties until fresh orders upon our part
are received; that, whenever necessary, official acts
shall be done in our name, but that the former
signets shall be made use of until new ones are pre-
pared. We especially remind all functionaries of
their oath to the Crown and the Constitution, and
trust that all our subjects, as in duty bound, will
obey the orders of their legitimate Sovereign, for
which we bestow upon them cur royal grace and
goodwill.

" LUDWIG."

The signatures of all the Ministers are appended
o the proclamation.

FRANCE.

PARIS, MARCEC 16.

The Moniteur of this morning says :—" For seve-
ral days past public meetings have been held in the
populous quarters of Paris under pretext of can-
vassing for the elections, at which the Government
was violently attacked. The meetings have been
dissolved, and a judicial investigation has been in-
stituted. No public meeting can take place with-
out authorisation, and the Government will continue
to make the law respected."
BOURSE, 111?rch 15.—The market has been heavy
with at first a downward tendency, but prices have
since improved. Threes, for the Account, aro now
unveried at 66f. 75c. Alobilier are also unchanged
at 1,005 f. The Railway Market remains about the
same as yesterday, with but little business doing.
The market closed as follows :

41 per Cent 5......, 93 20
Do. end month...,
3 per Cents 66 75
Do. end month 66 75
Credit Mobilier 1069 75
Do. end month 1065
Bank Shares 3310
Credit Fancier 1270
Roman ---

Italian Loan . 63 30
Do. end month.... -- --
Dew ditto ..
Do. end month....
Russian • —
Austrian
Spanish Threes —
Florae Debt
Deferred

RALLW AYB.
Cash. Account.
Orleans lOO7 60 .. 1010
Northern ....
New ditto
Lyons and Mediterranean
New. ditto
Southern
Western
Eastern
Sardinian
Austrian
Lon, hard
North of Spain
Saragossa
Ditto to Barcelona

--- - .. -- ---
935 - . • 935 --

THE CONFEDERATE TUSCALOOSA.—The corre-
spondence respecting this vessel and her movements
in the vicinity of the Cape of Good Hope, has beon pub-
lished in a Parliamentary return entitled " North America,
No. 6." The correspondence extends from Sept. 26, 1863,
to the 11th of the present month. The Tuscaloosa was origi-
nally a Federal merchant vessel, which, having been cap.
tuned by the Alabama, was converted by order of Captain
Semmes into a tender to his ship. The legality of this
transfer was questioned by the Federal representatives
at the Cape, and the colonial authorities seemed rather
puzzled how to act in the matter. On her sec Aid visit to
Simon's Bay, towards the end of December last year, Ad-
miral B. W. Walker ordered her to be seized, with a view
of her being restored to tho Federals as an uncondemned
prize. This intention was not, however, realised, for on
the 4th inst. the Duke of Newcastle ordered the Tuscaloosa
ro be at once restored to the Confederates, as her detention
by Admiral Walker had not been in keeping with the free.
dom which she enjoyed when she had previously visited
the Cape,