The Sun.
London, England, 1862-05-28 00:00:00

AMERICA.

CORK, MAY 28, 8 A,M.
ARRIVAL OF THE ETNA.
NEW YORK, MAY 17.
General M'Clellan's head-quarters are on the
Panmunky river, 27 miles from Richmond.

The Confederates are fortifying the city, and are
said to be prepared for a desperate resistance.
Considerable anxiety is felt for the safety of
General Halleck and the army of the south-west.
Beanregard has been largely reinforced at Corinth.
Secretary Stanton has prohibited the circulation
of any news from Halleck's army or that of Beau-
regard until it shall have been supervised and
approved by the War Department.

General Hunter, the Federal General in command
of the Southern Military Division at Hilton Head,
South Carolina, has issued a proclamation, declaring
that martial law exists in South Carolina, Georgia,
and Florida ; that martial law and slavery are in-
compatible, and that, therefore, all slaves are hence-
forth made free in those States. The proclamation
has excited great displeasure and alarm throughout
the North, and the President has been called on to
disavow it and to remove General Hunter from his
command.

The President has published a proclamation,
raising the blockade, under several restrictions, of
New Orleans, Port Royal, and Beaufort, on and
after the let of June.

The Federal flotilla is reported off Fort Morgan,
at the entrance of the Bay of Mobile.
Great alarm prevails at Mobile and Charleston.
Savannah has not been attacked by the Federal
military or naval forces.
On the morning of the 17th the Etna passed the
Great Eastern, coming to anchor off Sandyhook.

COMMERCIAL INTELLIGENCE.
FRIDAY EVENING, MAY 16.
Money easy. Gold, 3 per cent. premium.
Exchange dull. Bankers' bills, 1138.
Stocks active, with a tendency to decline. United
States Six per Cent., 1881, 1041; New York Cen-
tral, 89/ 1 ; Illinois, 621 ; Erie, 391 t.
Cotton firm—middling Uplands, 27-Ic. to 28c.

Flour steady and fair demand. Wheat dull.
Corn firm, and fair demand.

Provisions heavy and declining. Coffee steady.
Sugar and molasses inactive.

PARIS, MAY 28.

The Moniteur of this morning announces that the
Emperor and Empress have received the Prince de
Carignan in a private audience.

TURIN, MAY 27, EVENING.

Despatches from Naples announce that the officers
of the 4th Legion of the National Guard have pro-
tested against the recent conduct of the 3d Legion.
The 24th Legion has been disbanded in conse-
quence of the demonstration made by that body. It
has, however, been promised that it shall be recon-
atituted.
A band of coiners has been discovered at Pistoja.

MADRID, MAY 27.

The Minister of Marine stated to-day in Con-
gress that the Government would construct seven
iron frigates.
It has also been announced that the documents
relative to the Mexican expedition will shortly be
communicated to the Chamber for discussion.

The entire Spanish press publish articles refuting
the late article of the Patrie.

According to news received here from Portugal,
the royal troops had energetically repulsed 2,000
insurgents at Mouri.

FRANCE. coLy
Envoy Extraordinary and Minister Plenipoten-
tiary at Japan, has arrived in Paris, and is staying
at the Hotel du Louvre.

General Miramon, ex-President of the Mexican
Confederation, has also arrived in Paris with his
family.

Among the three new senators whose names ap-
pear in the Dioniteur is M. Ingres, the eminent
painter. This tribute paid to distinguished talent,
and to distinguished talent alone I believe, is highly
approved in public.

The five deputies of the Left in the French Legis-
lative Body have proposed the following amend-
ments to the budget of 1863. To Article I. to add
this paragraph :
" Between now and the approaching session a parlia-
mentary inquiry shall be made upon the situation of each
administration, the number of persons employed in it, and
upon the means of ameliorating the public service either
by decentralisation or by reduction of expense. Until that
inquiry shall have been terminated no fresh office shall be
created, nor shall any existing place which may become
vacant by decease, retirement, or resignation, be filled up."
On Article 1, Ministry of War, 3d section :
" The effective is reduced by 100,000 men."

In Article 60 to add the paragraph :

" The budget of the city of Paris shall be controlled, dis-
cussed, and voted by the Legislative Body in the same form
as the State Budget, as long as the municipal council shall
be nominated by the Executive Power, by virtue of the law
of Article M. of the law of the sth of May, 1855."
Article 63 (new) to be thus worded :

"Pluralism is interdicted. No one can accumulate the
salaries of several offices, employments, or commissions, in
whatever branch of the service, if the salaries united ex-
ceed the sum of 30,000 f, All previous dispositions con-
trary to the present article are abrogited.
"J. FAYRE. "E. PICARD. "E. OLLITIER.
"A. DARTMON. " HENON."

BOURSE, May 27.—The market has been in rather
a feverish state➢ but no very material variation in
prices has taken place. Threes, for the Account,
are now at 70f. 15c. Little doing in Railway
Shares. The market closed as follows :....

4t per per Cents ... 97 40 Bank Shares 3140
Do. end month.... Credit Fonder 1575
3 per Cents
Do. end month.... 70 2:5 Piedmontesc Fives 7l
New 3 per Cents .. 69 45 Italian Loan 7O 70
Do. end month.... 69 40 Austrian
Credit Mobilier.... Spanish Threes 52 50
Do. end month.... Home Debt

RAILWAYS.
Cash. Account.
Orleans
Northern ....
New, ditto
Lyons and Mediterranean 1108 75 .. 1110
Geneva 370 ..
Southern 845 .. 842 50
Western
• Eastern
Sardinian 377 50 .. 375
Austrian
Lombard 593 75 .. 592 50