The Sun.
London, England, 1865-03-03 00:00:00

by the one o'clock• train, accompanied by Admiral
La Ronciere-Lenoury, and M. Dubuisson, his aide-
de-camp.

The Duke de Morny is now sufficiently recovered
!rom his late indisposition as to be able to take car-

riage exercise.

The Patrie has the following:—" The powers
which the Government exercises under the law of
the 27th of February and the 2d of March, 1858,
called ' of General Safety," expire on the 31st of
this month. Article Bof that law, voted by amend-
ment, runs thus :—' The powers granted to the Go-
vernment by Arts. 5,6, and 7 of the present law,
will cease on the 31st of March, 1865, unless they
should be previously renewed.' We think we are
right in stating that the Legislative Body will not
be called upon in the course of this month to pro-
long the duration of those exceptional arrange-
ments, which a regard for the political and social
interests of the country suggested to the Govern-
ment seven years ago."
BOURSE, March 2.—The market continues heavy,
and prices have declined. Threes, for the Account,
are now at 67fr. 90c. Mobilier have been vari-
able, and are also lower, having been done at 918 fr.
25c. In Railway Shares there is not much doing,
but prices are upon the whole tolerably well sus-
tained. The market closed as follows :

41 per Cents 97
Do. end month —

3 per Cents. 67 70
Do. end month 67 85
Credit Mobilier
Do. end month
Bank Shares 3500

Cr dit Foncier 1272 50
Roman

RAIL'

Italian Loan 64 75
Do. end month 64 85
Ditto Threes —
New Mexican
Russian —
Austrian
Spanish Threes
Home Debt —
Deferred
rAys.

Cash. Acct.
Orleans
Northern lOl5 ... 1015
Lyons and Mediterranean 948 75 ... 948 75

SOuthern 582 50 ... 580
Western 541 25
Eastern
Sardinian 306 25 305
Austrian
Lombard 547 50 546 25
North of Spain 320 - - ... 317 50
Saragossa 395 390 50
Ditto to Barcelona

TURKEY.
(Via Trieste.)

CONSTANTINOPLE, FEB. 25.

Mr. Laing's project for the conversion of the
floating debt has been accepted by the Porte in
principle, and the negotiations concerning the de-
tails are progressing satisfactorily.
The prices of the local securities have greatly

risen in consequence.
A disastrous fire has occurred at Galata. 150

lives were lost.

The difficulty between the Porte :and the Persian

Government is becoming more serious.

The general interruption of telegraphic communi-

cation continues.
THREATENED RUPTURE OF DIPLOMATIC RE-
LATIONS BETWEEN THE PORTE AND PERSIA.
CONSTANTINOPLE, Feb. 22.
According to the Levant Herald, the misunder-
standing between the Porte and the Shah's Govern-
ment on the subject of the Customs' tariff in force
between the two countries not merely continues,
but has attained proportions which even seem to
threaten a rupture of diplomatic relations. The loss
occasioned to the Turkish Treasury by the con-
tinued operation of the old treaty is even greater
than the former estimate represented, extending far
beyond the mere difference in the import and
export rates levied on merchandise passing through
Turkey to and from the Persian frontier. In the
single article of tournbeki—the Persian preparation
of tobacco smoked in Narghiles—the loss to the
Turkish Customs under the existing tariff is rela-
tively enormous, not merely from the difference be-
tween the old rate still levied on this article, and
that chargeable on tobacco under the new treaties
with the other Powers, but because of the effect of
its, at present, comparatively free importation on
the consumption of the highly taxed native leaf. In
the other exclusive article of salt, the loss to the
Porte is nearly as great—this, too, being not merely
enormously smuggled over the frontier, but openly
and largely imported under the old tariff, to the
immense detriment of the Porte's monopolist rights
in the article under the new conventions with the
other Governments. When to these heavy evasions
of duty is added the loss on the other imports

from Persia—which are made in the names of
Persian subjects at 3 per cent., exported hence to
Europe in those of others foreigners (under the
new treaties) at 5 per cent. instead of the 12, pay-
able under the existing Persian treaty ; the extent
of the loss sustained by the Porte may be readily
imagined. It is against this that the latter has in
vain appealed to the Teheran Government ; and
failing, has now formally intimated to the Persian
Minister, that from and after the 1-13th prox., the
strict rule of the old treaty will be applied, and all
Persian subjects in Turkey be prohibited from en-
gaging in retail trade or industries of . any kind.
Orders to this effect have been forwarded to all the
provincial authorities ; in the capital the prohibition
will be enforced by the Minister of Police. The
consequence of this measure—which is forced on
the Porte in self-defence—will be ruinous to thou-
sands of Persian subjects throughout the empire,
as, to say nothing of the large colony established
in Stamboul, there is hardly a town in Asia Minor
or the southern provinces in which a large propor-
tion of the local retail and mercantile trades is not
in their hands.

SPAIN.

MADRID, MARCH 2.

Marshal Narvaez has laid before the Congress
the treaty of peace with Peru, the bases of which
agree with the intelligence via Southampton.
The Finance Committee of the Congress have
made their report, which approves the bill intro-
duced by the Minister of Finance.

PORTUGAL.
LISBON, MARCH 2, 11 P.M.

The Marquis of Sada Bandiera• has signified his
inability to form a new Ministry. At this hour it
is supposed that the Duke de Louli will be recalled
by the King.

MALTA.

MALTA, February 25.

Her Majesty's surveying steamer Hydra left on
the 16th February for Cephalonia and Patros to
prosecute her hydrographical researches in Grecian
waters. Her Majesty's surveying steam-vessel
was undocked on the 24th, and will shortly proceed
to follow up her surveys in the vicinity of Maretimo
and Sardinian waters.

11. M. steam gunboat Cockatrice is to leave here
to-morrow for Constantinople, in order to reassume
her station with the Weser in the Danube. H. M.
despatch steamer Caradoc, placed by the naval
Commander-in-Chief at the disposal of his Excel-
lency Sir Henry L. Bulwer, her Majesty's ambas-
sador at the Sublime Porte, left Malta, after refitting,
on the 18th for Alexandria, to carry his Excellency to
Constantinople. Sir Henry has been passing the
winter in the neighbourhood of Cairo to recruit his
health, which has been very much shaken by the
recent illness he suffered when on a visit last
autumn to Greece. H.M. steam corvette Pelican
returned to Malta from the vicinity of Bengazi on
the 24th. She was sent to assist in picking up for
repair and re-submerging the section of the Malta
cable broken between Bengazi and Alexandria.
The Fanny Lambert, previously engaged in this
service, returned to Malta to replenish fuel on the
the 18th. During the five weeks she was out the
weather was more boisterous than any one at Ben-
gazi and Trepoli had ever recollected for upwards
of 30 years ; but she, nevertheless, contrived to
pick up and buoy the broken end of the cable,
which buoy, however, it is feared, will have
been detached and carried away by the heavy.
stress of weather, which has subsequently
prevailed, and the dredging work will probably
have to be gone over afresh. Few opportunities
in such weather were afforded the staff for touching
the cable, but sufficient has been detected by testing
with the accurate instruments employed, to prove