The Sun.
London, England, 1864-03-08 00:00:00

THE SUEZ CANAL COMPANY.

PARIS, AlARcit 8.
The Emperor has consented to arbitrate in cer-
tain questions pending with the Suez Canal Cum•
pany, referred to him for settlement by the Viceroy
of Egypt.

His Majesty has appointed a commitfe3 of five
members to examine the questions at issue.

PRANCE.

The Constilictionnel of to-day, in an article signedby M. Limay
rac, considers the assertions of the
English journals respecting the re-establishment of
the Holy Alliance to be at least exaggerated.
The writer dwells upon the diversity of interests
between Austria, Prussia, and Russia, and con.
tinues :—" We do not say that this alliance does
not or will not exist; but we refuse to believe in
its existence on the terms and conditions denounced
by the English press." Before' judging of the
triple alliance, M. Limayrac wishes to know if it
really exists, and upon what conditions.

BOURSE, Mcreh 7.—The market has been heavy
owing in some measure to the arrival of the Eng-
lish funds with lower quotations, and Threes, for
the Account, are now at Mr. 15e. Mobilier, which
had declined at the opening to 1,025 fr., are now at
1,031 fr. 25e. Railway market quiet, bat Saturday's
prices generally well maintained up to the present
time. The market again rallied towards the close,
and left off as follows :

4 per Cents 93 25
Do. end month

Italian Loan —
Do. end month 67 25
New ditto
Do. end month....
iiusaian
Austrian
Spani h Threes 5l
Home Debt
Deferred

_
3 per Cents
Do. end month 66 25
Credit Mobiher 1030
11n, end month 1031 25

Bank Shares
3315

Credit Fonder ....1230

Roman

BAILWAYd.

Cash. Account.
Orleans lOO5 .. 1001 25
Northern . ...
New ditto — ..
Lyons and Mediterranean 920 -- .. 925
New. ditto . ..
S.)uthern .. .. €5O
Western
Eastern
Sarclinian
Austrian
Lon•ba.rd
North of Spain .. .. 480 .. 485
Saragossa .. 677 50 .. 582
Ditto to Barcelona .... 282 50 ~, 28.5

AMERICA.

(REUTER'S EXPRESS.)
(Per the Chinz,)

NEW Yoe? r, Feb. 24.
No important events ore reported from the army
of the Potomac. General Meade had left for the
front. He has had long consultations with the
President and military authorities at Washington.
He will proceed at once, it is said, to reorgauisa his
army. Rebel geurillas are becoming more daring
and numerous, and keep the outposts on the alert.
It is rumoured that General Lee is preparing to
advance against General Meade, with a view of
driving him back to the defences of Washington,
or forcing a battle upon the old Bull Run ground.
It is said that the Richmond authorities demand
this movement to be made, in order to relieve the

despondency existing at the rebel capital.
Rebel deserters state that so great is the scarcity
of forage within General Lee's lines that Fitzhugh
Lee's cavalry has been disbanded until grass time,
in the middle of March.

A Knoxville despatch of Feb. 21 states that
Longstreet has broken up winter quarters, and that
his army has appeared in force upon Strawberry
Plains. They have completed a pontoon bridge,
over which two brigades had already crossed. It
is said that Longstreet has been heavily reinforced
with artillery by General Bucknor.
A despatch from Chattanooga, Feb. 21, states
that the rebels are now blockading the Tennessee
river against steamers for Chattanooga. General
John Morgan's force is reported to have crossed the
Tennessee. The situation of Johnston's army was
unknown.

that the rebels, supposed to be Roddy's force, had
Official information from
attempted to cross the Tennessee river at three
General Dodge states
different points, bu; were driven back.
The Nashville correspondent of the New Fork
World states positively that the rebels had cut off
communication between Knoxville and Cumberland
Gap.

Southern papers furnish information concerning
the progress of General Sherman's expedition, An
official despatch to the Confederate War Depart-
ment states that General Sherman's forces arrived
on the 18th inst. at Quitman,
on the Mobile and
Ohio Railroad, one hundred and forty miles from
from Vicksburg, without opposition. The Richmond
Examiner says that Mobile will not be taken with-
out a desperate battle. Sherman's force is estimated
at from 25,000 to 35,000 men, and his advance is
pronounced to be the boldest of the war. He
destroys the railroad and bridges in his rear, and
evidently meditates no step backwards.
A Cairo despatch states that when General Sher-
man passed through Jackson, Mississippi, the
rebels fled so precipitately that a number of pon-
toons and two pieces of artillery were captured by
the Federals. General Sherman's progress was at
the rate of fourteen miles per day for ten days ; his
troops moving in light marching order, and relying
entirely upon the country they passed through for
supplies.

It was believed that be would appear before the
defences of Mobile by the 25th of February, and, as
be had no siege guns with him, it is thought that
he would attack the city simultaneously with a
naval attack by Farragut.
Mobile papers state that the Mayor had issued
a ploclarnation, exhorting non-combatants to leave
the city, as an attack from the Federals was daily
expected. Admiral Ferragut's fleet was lying in
the Sound on the 19th, riding out heavy weather.
Richmond papers contain the following

MOBILE, Feb. 15th,
Meridian was evacuated yesterday. The Go,
vernment property was saved. Sherman's forces,
about 35,000 strong, are advancing in close order,
with General S. 1). Lee's cavalry harassing their
flanks and Picking up stragglers. Captain Adair, of
g
General Forrest's staff, has arrived, and reports that
General Forrest was at Oxford on the 9th. He
was confronting a co;umn of Federal infantry of
6,000 advancing from Memphis via Hunando, and
twelve regiments of cavalry advancing via Collins-
ville.

The reported battle near 13ran ion, and Sher-
man's capture of 12,000 prisoners, proves to be a
canard.

Advices from North Carolina otAte that the

Federals wore making successful raids in the
neighbourhood of Newborn, capturing guerillas,
horses, cattle, &c., and destroying rebel property.
Confederate accounts from Charleston to the 13th
state that the Federals had withdrawn from John-
son's Island, and were engaged on Morris Island in
repairing the damage done by the Confederate fire
to their batteries. There had been no further
shelling of the city.
It is believed that Gen, Beauregard has detached
a large portion of his command to oppose the
advance of the Federals in Florida. A battle in
the neighbourhood of Tellahasen, Florida, is ex-
pected—the opposing armies being about equal in
strength.
Thus far 57 out of the 109 Union officers who
escaped from Richmond have reached .the Federal
lines in safety; 25 are reported to have been recap-
tured by the rebels, leaving 27 yet to be heard
from.

The new Italian iron clad frigate Re
d'ltalia returned yesterday from a very successful
trial trip. She made 13 knots per hour, and be
hayed very well in a heavy sea. Sue is pronounced
seaworthy in every respect.

The proceedings in Congress for the past three
days have been unimportant. The rumour of a
meditated naval demonstration by the rebels against
San Francisco, as announced by Senator Conness,
of California, is believed to be without founda-
tion.

Tha _Richmond Examines• of the 20th February
says—The following despatch was received at the
War Department last night :

" MOBILE, Feb. 19, 2 p.m.
" Farragut has not renewed his attack on
Grant's Pass. His fleet lies off the pass in the
Sound. The weather is too bad for action. Sher-
man's corps is not advancing down the Mobile and
Ohio road. No landing has yet been reported in
the direction of Pascagould.
"D. H. MAWRY, Major-General.
"General S. Cooper, &c."

An official despatch Was also received in the course
of the day, which reduces the enemy's demonstra-
tion at Quitman to a very important affair. Former
despatches overrated the enemy's force. General
Mawry reported yesterday that he had made a
close roconnaisance of the enemy's force at that
point (which is about 100 miles from Mobile), and
that it did not number more than a thousand men.
The whole was probably some raid on some trestle-
work- of the Mobile and Ohio Railroad.