The Sun.
London, England, 1849-02-07 00:00:00

ITALY.

OPENING OF THE PIEDMONTESE
CHAMBERS. '

The second session of the Chambers of Piedmont
was opened on the Ist, at Turin, with the following
speech from the King of SARDINIA :
" Senators and Deputies !
" My heart is filled with happiness in finding myself
on this solemn opening of Parliament in the midst of
you, who so worthily represent the nation. When the
Parliament was first opened our fortune was different,
but our hope was not greater than now ; nay, this hope
is increased in all men of heart ; for experience and
constancy ill misfortune have been added to our
ancient rights. The labours you have to perform,
during this second session, are manifold, various, diffi-
cult, and, therefore, worthy of you. We have to develop
our internal institutions, and bring them into harmony
with the genious and wants of our age, and thus promote
the end to be accomplished by the Constituent Aazfanbly
of the kingdom of Upper Italy. The Constitutional
Government rests upon two points—the King and the
People. The first represents unity and strength ; the
second supports the liberty and progress of the nation.
I have performed, and will continua to perform, my part,
by adopting fur my people free institutions, by confer-
ring places and honours upon men of merit and not of
mere fortune, by composing my court of the elite of the
people, and by devoting the lives of myself and my
children to the security and independence of the country.
You have ably assisted me in my difficult task. Continue
thus to afford me your aid, and be convinced that it is
only by the close union of our efforts the safety and hap-
piness of all can be created and maintained. The friend •
ship and esteem of the civilized nations of Europe, and,
above all, of those who are bound to us by common ties
of nationality, will follow and support us in our noble
object. We have done all in our power to strengthen
these fraternal ties; and if the late events in Central
Italy have suspended the effect of our measures, we are
confident they cannot be impeded for any length of
time. The confederation of the princes and the people
of Italy is one of the dearest wishes of our heart, and
we will use all our efforts that this may be promptly ac-
complished. My Ministers will make you more in-
timatelyt heGovernment
n those with
questionsp oli ey
which agitate the
to be followed by
Peninsula, and I hope that you will find it judicious, ge-
nerous, and national. It is my duty to mention to you the
subject of our army and independence, the supreme ob-
ject of all our care. The corps of the army are com-
pletely re-organized and flourishing, and vie in beauty
and valour with our navy. In my late visits to them, -I
have been able to observe in the countenances of the
soldiers, and in their acclamations, how great is the pa-
triotic ardour with which they are inspired. Every-
thing leads us to hope that the mediation offered to us by
two generous and friendly powers will quickly come to
the desired termination; and if this hope be deceived,
it will not prevent us from recommencing the war, with
the full confidence of gaining the victory. But, that
it may conquer, the army must have the concurrence of
the nation. This depends upon you, and above all upon
the attitude of those provinces which constitute so pre-
cious a portion of our kingdom, and are so dear to our
heart; of those provinces which join to the common
virtues the special merit of constancy and martyrd:,m.
Bear the sacrifices you have to make, for they will not
be of long duration, and the fruits to be gathered from
them will be perpetual. Prudence and courage com-
bined shall save us. This is my wish, this is your task; in
performing which you will have before you the example
of your prince."

The Constituente Italiana of Florence, of the 30th,
gives an account of the result of the elections in
several towns of the Roman States. At Corneto the
elections were nearly frustrated by the opposition of
the clergy and nobility, so that only 241 electors
voted. At Albano, Terni, Perugia, Macerata, Fenno,
and Ascoli, all had proceeded regularly, and the can-
ditates elected belong-to the national party.
The Tuscan Monitore has intelligence from Rome
up to the 27th, announcing that both troops and
volunteers are leaving Rome, and marching towards
the confines of Naples. A rumour was current that
the Neapolitans had already crossed the frontier, and
had an engagement with the column commanded by
GARIBALDI.

HULL ELLCTION.—(THIS DAY.)
(BY ELECTRIC TELEGRAPH.)
Mr. Talbot Baines is returned this day for Hull
without opposition.

IRELAND.
(BY ELECTRIC TELEGRAPH.)
DUBLIN, TUESDAY EVENING.
TRIAL OF MR. GAVAN DUFFY•
The Commission Court was opened this morning
by the Lord Mayor and Judge Ball and Baron Le-
froy, at eleven o'clock, when a new bill was sent up to
the city grand jury, at the suit of the Crown against
Mr. Charles Gavan Duffy, the proprietor of the
Nation newspaper, under the Crown and Govern-
ment Security Act. This course was thought ad-
visable by the law officers in consequence of the
demurrer which was partly ruled in favour of tke pri-
soner upon the bill formed at the last commission.
It is probable that the prisoner will be called on to
plead before the Court rises, and that his trial will
commence in the morning, as there is very little busi-
ness to he disposed of at the present session ; how-
ever, it is not all improbable but that some new
point will be raised to create delay, or some fresh
blunder committed which will set the prisoner at
liberty.

TYE CORN TRADE.—Our market to-day was
moderately supplied, and all descriptions of grain met
a good demand. Wheat was 6d. to Is., oats 3d. to
61, and grinding barley 6d. dearer than on Friday.
Indian corn fully
WPPOrted its price• but the business
done WU not large.

MONEY abd COMMERCIAL NEWS.
CITY, QUARTER TO THREE.

There was a large busiress done in Cotton a.,;
Liver-
pool yesterday, and the estimated. tales were 9,000
which cempri,,,di-7,000 American, et 311 to s+l; 500
PeenenaS and Ma:embalms, at 4-T,.d to 511 ; 350 lishia, at
sd. to 5/1-.1.; 1,300 Surats, at 311 to 3id.; and 40 Sea
I.land, at 81 to 101 d. Speculators took 2,000 bales.
The market closed firmly. The Share 'Market was about
the same as on Monday; very few transactions had taken
place; prices, however, remained firm.
There is a little fitness in the grain trade this morn-
ing. The arrivals of foreign wheat are 11,290 qrs.
The accounts received to-day from the manufacturing
districts are very favourable, and it appears probable
that matters will further improve, as the last arrivals from
abroad have brought some good orders for our fabrics.
The demand for the West India colonies cannot be ex-
pected to increase, but we shall have a larger trade with
North and South America.
Per favour of Mr. William Short we have the follow-
ing statement relative to the London metal trade :
" The demand for Welch Bar Iron has been goal
throughout the month. Makers are well supplied with
orders, and will not sell under Si. 103. per ton for ea:ly
specification and delivery. Rails are a little more in-
quired after. Scotch Pig Iron.--In this article consi-
derable business has been done during the month, and as
high as 495. 3-5 No. 1, tied 2.5 No. 3., and 503.
No. 1 common brands, and 51e. 61 per ton No. 1.
favourite brands f. o. b. at Glasgow has been paid. At
the moment the market is a shade" lower, there being
sellers of 3-5 No. 1, and 2-5 No. 3, common brands at
48s. 6d. to 495. Staffordshire Bar Iron is firm in price,
and in fair demand. Swedish Iron on the spot is scarce,
and a good atsortment is not obtainable under 131. per
ton; to arrive in the spring there are sellers at 111. 10s.
per ton."
In home Mining Shares a good business is doing, and
the reports generally are satisfactory. Perhaps it may
have escaped the attention of many of our readers who
are interested in these matters, that the Lord Chancellor
has reversed the decision of the Vice-Chancellor, and
determined that the Joint Stock Companies Act of
Victoria does not apply to mining companies. The
" cost book" system and other salutary checks existing
in the case of mines are, however, a better safeguard
probably against bad management that: the Act specially
made for railway companies.
We understand that there is a great deal of business
doing among our merchants and capitalists in the United
States Loan, and at comparatively high prices. This
is a security, however, in which the general public is
not likely to deal much, after past experience, although
a great distinction must be drawn between Federal. and
State debts.

The French advices received to-day are considered to
beof a much more favourable character, and the elasticity
of prices on the Paris Bourse has inspired more confi-
dence in the maintenance of tranquillity. The Assem-
bly, it is hoped, will quietly dissolve of its own free will,
and the threatens d Prises be thus avoided.
In the English Stock Market there has not been
much doing, but prices have risen about / per cent.
Consols have been 918 to 924 ; New Three-and-a-
Quarter per Cents. 928 to 93; and the Three per Cents.
92 to f. Bank Stock is 194. The foreign news has
been the main cause of the rise, but the influx of specie,
wishing the last few days has an effect also. India
bonds are worth 475. to 495. premium, and Exchequer-
bills 40s. to 48s. premium.
The meeting of Spanish bondholders yesterday after-
noon having retailted in the determination to cooperate
with the Dutch Committee, there is a good deal of
speculation going on. Spanish Five per Cents. are 168
to 16-2., and the Three per Cents. 288 to 291 Mexican
Bonds have been 25i to-i. Equador Stock has been
to 38, and Grenada 14 to 15/. Brazilian Bonds have
been at 79i. Dutch Two-and-a- Half per Cents. are
49i-, and Russian Five per Cents. 105 to 106.
Railway Shares have been higher, but the transac-
tions have been of moderate extent, and for money
generally.

0 E CLO:2,ING
PRI r s F ,:ytyriliti P-UNDs rvcLOCK. Fittei:B
BAIA Stock 194 194
3 •er Cent. Reduced Arms 92144 91 9214 9114
3 per Cent. Consols Annuities 92 91% 921/4 92
New 314 per Cent. Ann 5...... . 93 92% 93 93
il. ong Aims. to expire J an. 1860
Ditto 30 yearn. Jan. 5, 1860 B% 8%
India Bonds, 1,0001.
Consols for Account
Exchequer Bills. 214 d. & 2d.
1,000/. March ......
1,0001. June 47 43 p 48 p
Small, March .. .. 40 43 p 43 p
500/. June
500/. March 4O 43 p 43 p
Small. June
PRICES OF FOREIGN FUNDS. oNE CLOSIN
O'CLOCK. PRICES.
Brazilian Bonds
Cuba Bonds, 6 per Cent .. ......
Equador Bonds
Grenada Bonds, 1 per Cent.
Ditto, Deferred 23/ 234
Mexican, 5 per Cent. 1846 25 ,", 2514
Ditto, Account 25% 25%
Portuguese 5 per Cents. —
Ditto, Converted, 5 per Cent — 23
Russian Bonds ..
Spanish 5 per Cent. 1840.
Ditto. Account 1614 1/41/2%% 16%
Do., Coupons
Ditto, Passive -iii
Ditto, 3 per Cent —
Ditto, Account . 28% 291 29%
Dividends on the above payable in London.
Belgian 4% per Cent
Dutch 2% per Cent., 12 Guild 49% 493ia
Ditto, 4 per Cent. Certificates 78%

PRICES OF BUSINESS DONE CLOSING
RAILWAY SIM.R PAID.
ES. AT ONE O'CLOCK. I'ItICEs.
',.berdeen ... 50 ...... 20 2014 ........ 2014
Birming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 ..... 15% 15%
Boston, Stamfd & Birm. 5 ... .. 5
Caledonian
Ditto, Quarter Shares 1114 ...... 5% 5%
Do. New 101. Pref..— 71h..... 9 .. .....
Dublin and Belfast June. 35 ......
East Anglia, 25/., L. &
E. and L. and D...... 25 ......
Do., 3/. 103.
Eastern Counties........ 20 ....„. 113;47fi .
Ditto ditto, No. 2...61. 13s. 4d... 14 p l4 P
East Lancashire
Ditto, New Quarters 614 5 ..
Do., 6 per Cent. Pre-
ference Quarters ... 61 —
East Lincolnshire ...... 25
Great Northern
Do., ift, A Deferred ... 121/2...... ..... 4%
Do., % B 6 per Cent.
guaranteed ... ..... 0h...-. 5 ........
Great Western 100 10414 103% lO4l,
Ditto, 1/2 Shares
Ditto, 14 Shares
Ditto, New 171... ..... 15 ... .. 15
I.ancaster. and Carlisle... 50

Lancashire lk. Yorkshire 93 ..... --
Do. Fifths
Do. Sixteenths 614 SIA 5124
Do. Thirds (Reg.)..... 13 ..... ... .........
Do. New, Gua. 6 per ct. 71,4 91% ••• •• 94
Leeds and Thirsk
London & Blackwall...l3/. 6s. 8d.... 5,4 5... 5l/8
London, Brighton, and _

South Coast
Ditto, New 5/., guar.
6 per cent.
London and N. Western 100 l3B 139 139
Ditto, New
D tto, Fifths ..... .. .. 2 ...... 9 ‘il/2...
Do. 101. (M. & B.) C. 1 ...,.. 431
Lonfi. & S. Western
Ditto, Thi1d5........... 15
Manzhester,Buxton,and _

.I*latlock... ... ........ .. 41,E 2 17
Manchester, Sheffield,
and Lincolnshire...100
Ditto, Gt. Grimsby ... 45
Midland
_ .. 9

Do., do., 50/. Shares... 25 ... .. 21 211/4 ....... 2IS
Do.Consol.Bristol and
Birming., 6 per et.... 100 .
N0rf01k.....................100
Do. Guaranteed 51/4pc. 5
s:orth British ... 25
north Staffordshire
Oxford, Worcester, and
_ .

Wolverhampton
Reading, Guildford, and
Reigate ..
Royston and Hitchin ... 2 ...... 2% „, 2A
Scottish Central
Scottish Midland
Shrewsbury and Birm... 10
Ditto ditto. Class B. 6
Shrewsbury & Chester

(Nor. W. Min.)
South Eastern
D )., No. 2.
DA., No. 3 ....... ...... 30
Do., Scrip No 4
South Wales...—. ..... ... 33
Win dsor,___Staines, and

South Western ..... ... 12
York, Newcastle, and
Berwick. .... .. ......... 25 .. ...
Do. Original New and
Berwick ... .. 25 .... . 2934 30
Do. 2.xtensin No. 1. 20
Do. do. No. 2. .. ... ... 20
Do. G.N.E.Preference 8 ... .. 9 1,,f, %IA ..... ... 9%
York and North Midland 50 ......
Ditto, Preference
Do. East and West Rid-

ing Extension
FOREIGN RAILWAYS.
Boulogne and Amiens... 20
Dutch Rhenish ..... .... 714..... 114.. ...... .... 11,E
Namur and Liege
Northern of France.... 12 ...... 8 73i
Orleans and Bordeaux... 7
Paris and Rouen ..., 2O ... .
Rouen and Havre ...... 20 ...... 978% 934
Sambre and Meuse 2O ..... 334... 33/
Tours and Nantes 9 ..... I:yi 134
MINES.
Australian.
JOINT STOOK BANKS.
Australasia
Loudon Joint Stock...—. 10
London & 'Westminster. 20
Union of Australia

MILFORD HavEN.—The transport Diana, bound
from Cork to Bengal, with a division of the 70th Foot on
board, has put into this port. It appears that, after leaving
Cork, she encountered some very severe weather, when ehe
shipped heavy seas, which spoiled a large quantity cf pro-
visions, and did considerable injury to the vessel. The de-
tachment consists of Captain Durnford, Lieutenants Bu-
chanan, Wills, Chute, and Crawley, one surgeon, seven
sergeants, one drummer, and 130 rank and file. This force
has been landed and billeted in the town of Milford, and
will remain there whilst the vessel is repairing.
MEDica.l. OFFICER OF. HEALTH FOR THE CITY OF
LONDON.—At a meeting of the City Commissioners of Sewers
yesterday, it was resolved, after some discussion, that the
salary of Mr. Simon, the newly-appointed medical officer of
health f9r the city 9fl49udim 091114 b 9 5904 per num.