The Sun.
London, England, 1862-04-25 00:00:00

LATEST NEWS.

PARIS, APRIL 25.

The Constitutionnel of to-day published an article
signed by its secretary, M. Boniface, asserting that
1 the consolidation of the public debt of France will
shortly be effected by the presentation of a bill to
the Chambers, proposing that from October next
there should be but one kind of public security
bearing 3 per cent. interest, and providing the
means for effecting the conversion of the remaining
Four-and-a-Half per Cent. Rentes.
The Court of Cessation has decided that a mar-
riage contracted with a convict in ignorance of his
real character cannot be annulled.

CADIZ, APRIL 24.
The French steamer Asmodee has arrived here
with news from Vera Cruz to the Ist inst.
No important change has taken place in the posi-
tion of affairs.

FRANCE.
PARIS, APRIL 24.

The Patric announced a few days ago that the
French artillery had invented a new projectile,
capable of piercing plated ships, t►nd of producing
effects hitherto unknown ; and it added—
" The principle of this invention will remain a
secret; but we are assured that the fact of its
existence is now placed beyond all doubt."
M. Mathieu (de la Drome) once a representative
of the people, lost no time in claiming the invention
as his own. He states that he communicated the
fact to the Minister of Marine on the Bth, and
again on the 11th of the present month, together
with all the necessary details ; and, so far back as
the 26th of December, that he submitted, under
cover to the Academy of Sciences, the drawings and
descriptions as mentioned in the Patric.

M. Mathieu's claim is well founded. In February
last the English Admiralty were informed of his
invention, but did not know the nature of the
means he employed.
The " boulet mine" (for so this new infernal ma-
chine is called) is described as capable of destroying
six-inch iron-plated ships, at a distance of more than
3,000 yards. If it really possesses this wonderful
power, Great Britain, Gibraltar, Malta, &c., will be
less accessible than ever, and the superiority of iron
ships will not have been of long duration.

A letter from Cherbourg of the 20th inst. says
that the Minister of Marine has resolved to submit
the iron cased frigates lately launched to a decisive
trial to test their seaworthiness. The Couronue,
which has arrived from Lorient at Cherbourg, is
selected for the experiment. She is to be sent across
the Atlantic. A question which has given rise to
a serious controversy among seamen as to the possi-
bility of a completely iron•cased vessel accomplishing
the voyage will thus be solved.
The association established in Lorraine, under the
direction of M arshal Canrobert, for the improve-
ment of the breed of horses, and of which the Prince
de Beauvau is a warm supporter, has announced
that a racecourse is to he established at Nancy, and
that the first meeting will take place in September
next.

The Dloniteur publishes the following note :
" In conformity with the law of February 12, 1862,
the holders of 4 and 4 per Cent. Stock and of
Trentenary Bonds, residing in Europe and Algeria,
had a delay of two months granted them, for mak-
ing known their adhesion to the optional conversion.
That delay expired on the 18th inst. It results
from the declarations made that the amount of the
titles converted is as follows :-41 per Cents.,
181,821,331 fr. of rente deposited by 412,292 hol-
ders ; 4 per Cents., 1,632,614 of rente deposited by
1,929 holders; of Trentenary Bonds, 604,329. The
titles nonconverted amount in 44 per Cants., to
40,241,185 fr. of rente; 4 per Cents., 456,236 fr.;
and Trentenary Bonds, 70,725. The above result
can be modified, but very slightly, by the declara-
tions of conversion of persons residing in the French
colonies, and to whom the law of the 12th of Feb.
accorded a delay of one year to make known their
decision."

BOURSE, April 24.—The market has been buoyant,
and prices show an improvement on the closing
rates of yesterday. Threes, for the Account, which
opened at 70f. 50c., are now at 70f. 65c., with a
good business doing. Theßailway Share Market
has been less animated than the Rente, but prices
have been pretty steadily maintained. Thfi market
receded slightly towards the close, and left off as
follows :

4t per per Cents 98 65
Do end month 98 70
3 per Cents
Do. end month 7O 55
New 3 per Cents
Do. end month 69 60
Credit Mobilier 833 75
Do. end month 837 60
RLIV

Bank Shares 3117 60
Credit Foncier 1515
Belgian 4i —
Piedmontes( Fives 69 55
Italian Loan 69 10
Austrian
Spanish Threes 62 50
Home Debt .. 49 1
rAYS.

Cash. Account.
Orleans
Northern
New ditto 9BO .. _
Lyons and Mediterranean 1141 25 .. 1140
Geneva..
Southern
Western
Eastern ... ,
Sardinian
Austrian
Lombard 585 .. 583 75