The Sun.
London, England, 1849-05-23 00:00:00

ITALY.

. a-ietters have been received at Marseilles confirm-
ing th
°ye report of the second victory of GARIBALDI,
io,.r lie Neapolitans. He took 1,500 prisoners. The
'ofutiiiila' ‘,,s of Gaeta virtually admit the face of the defeat
° eapolitans. They speak of a battle in which
141101 blood was shed, without leading to any
result."

SICILY.
report was current at Naples that Filangieri had
defeated the Palermitan troops, who to the amou-st
of 15,000 had sallied forth to give him battle
20, the 10th, and that the city had surrendered ;
uut inasmuch as, according to this same
rumour, he had not entered Palermo on
the 14th, we are inclined to consider the
Whole as an invention of the Neapolitan
Ministers, to be used as a set-off against the
defeat of the Neapolitans at Rome, more especially
When we consider that the same Ministers caused a
Te Deum to be sung, on account of the victory of the
King of Naples over Garibaldi, with the nature
of which victory we are already acquainted.
Another account states that the Sicilian troops
embarked on board the foreign ships at Palermo on
the 10th, and that the Neapolitans entered the city
Without opposition. These are, however mere ru-
teeurs, which need confirmation.

TO THE SECRETARY OF THE
METROPOLITAN REFORM ASSOCIATION.
Sir,' —on Monday the 21st the Incumbered Estates
arels
nd) Bill went through Committee. A tedious work,
but it may be hoped is destined to produce some goodresults in Ireland, and finally elsewhere. The Parlia-
mentary Oaths Bill drags its slow length along, to the
manifest advantage of those who hope to see the scotch'd
anak
„ ,e of ecclesiastical monopoly patch itself together
--81411. The last thing heard of it, was that it was to be
read a third time on the 11th of June. The Landlord
4114 11844° Tenant
S
Bill, another weary business, attained the
Thursdtep °f advancement to a third reading on
On ,137*
the ad. Ilesday came on the annual question of voting
tit prtrent of the House over the Derby day. On
: occasion the adjournment was carried by
s
against 119. Last year I believe the majority wa
1,3, so that the racing -interest may be considered as on
the advance.
'
ip
°n 6f t,l the
"Me evening the Member for Lambeth
the same
made his motion for shortening the dura-
Parliaments; wch, after an adverse
tue p
wouldelme Minister, washi carried by 46 against 41. speech
Therefrom
this Ppear to be some significance in the fact, that
the snad the Ballot question have both arrived at exactly
step of the ladder.
The Rollie was counted out, at a quarter past eight.
I am, Sir, your obedient servant,
AN OLD REFORMER.

- -
London, may 23, 1849.

CHANCERY.—(THIS DAY.)
veze continued indisposition of the Lord Chancellor pre-
his Lordship sitting again to-day.
ROLLS' COURT.—(THIS DAY.)
4 hCiFtAND JUNCTION CANAL CO. v. DIMES --JUDC;MENT.
,'tee MASTER of the ItoLs gave judgindut to-day in this
r., which our leaders will recollect Caine before his Lord-
-1- nPon a motion referred to him by the Lord Chancellor,
tut ruler the following circumstances :—A suit had been insti-
e
arld by Mr. Dimes against the Grand Junction Canal Com-
Y, and upon its being heard before the Vice-Chancellor of
bronglandna theat Learned Judge made a decree against M Dimes.
th ecree Mr. Dimes presented a petition of rer.-bearing
t_ r? the Lord Chancellor, but during the pending of that reti-
Ipn Mr. Dimes, discovering that the Lord Chancellor held
in
!Mares in the company, asserted that his Lordship, being an
madeterested party, was incapacitated frcm signing the decree
bv the Vice-Chancellor of England; and that, there-
fore, alf the proceedings that had taken place were of no
!fled, and ought to be considered as a nullity. On the case
"i°s mentioned to the Lorcl Chancellor, his Lordship di"

rected the ;Jester of the Rolls to hear a motion on the behalf
of Mr. DimPs, that he might be placed in the same position
as if the Vica•Cilancellor of England had pronounced no
decision in the ease. Upon that motion the Master of the
R.)lls now gave
.;augment.
His Lontmutr, alter going at considerable length into the case
stated his clear opinion to be that the Lord Chancellor was
not incap9citated from signing the decree of the Vice-Chan-
cellor of England, in consequence ot any interest he had in
the Company, because, if he was, there would be virtually a
denial of justice ; because Mr. Dimes, unless the decree was
signed by the Lord Chancellor, could not appeal to the House
of Lords. He should therefore humbly advise the Lord
Chancellor that the present motion ought to be refused with,
costs.

Nothing of any interest occurred in the other Equity
Courts.

EXCIIEQUER.-(THIS DAY.)

The Court took the peremptory paper to-day, but the ar-
guments is the different cases were entirely of a technical
character.

MONEY and COMMERCIAL NEWS.

s CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were 5,000
bales, of which 1,000 American were on speculation.
The market vas quiet. but steady. at former prices;
4,000 American realised 3ad. to 61d.; 450 Pernam and
Maranham to 4d.; 200 Suraz, 30. to 30.; and 30
Ser. Ishrld at 9d. to 11d. per lb.—ln Railway Shares
on') :imited business was doue, and prices had a
downward tendency.
The West India Mail brings accounts which,
upon consideration, are deemed to be less sa-
tisfactory in connexion with the crops, and
agricultural prospects; for it is stated that the
yield will be smaller than was anticipated.
With regard to the condition of the clonir,s in
other respects, it is much the same, the general cry being
for:reduction of the expenditure, and for such alterations of
the existing forms of government as will meet the exi-
gencies of the times. All these requirements we sin-
cerely hope may be met, and the passing of the naviga-
tion-laws will give some guarantee for the same.
_ A matter of considerable interest to emigrants is men-

tioned in the American advices, per Cambria, in the re-
jection of the taxation Bill, so that the State, as
is alleged, will have no protection against the
thousands of foreign paupers who will be thrown
into the ems-houses during the present season. We trust
that our Government will look to the due regulation of
emigrant ships going out, for the protection of the more
helpless classes.
We are indebted to a merchant for the following in-
formation, contained in his :letters from Porto Cabello
and Laguayra, to about the 16th of April:—" A law
has been passed and sanctioned by Government, to the
effect that a creditor shall not collect a debt by legal
process under six years, and if the debtor resists
the time to continue to nine years. Of course, such a
law strikes at the basis of all credit, and had been pro-
tested against by the Foreign consuls as an infraction of
national law. Another law had been passed, that vessels
shall land all their cargoes at the port at which they
first touched, without any regard to their ultimate
destination. The plea in favour of this law is, that it
will encourage the coasting trade of the country. Never-
theless, it will be very burdensome to foreigners. As
to the political condition of the country, it is stated that
Guzman is intriguing to supplant Monagas, and that
Monagas himself is attempting to get himself declared
Dictator."
Late advices to February 7, received yesterday after-
noon from Port Philip, to January 23 from South
Australia, and to December 24, from Western Aus-
tralia, give, in all cases, a very cheering report
upon the state of the colonies, the last-mentioned, how-
ever, being slowest in its progress. A great deal of ex-
citement prevailed at Port Philip owing to the alleged
discovery of gold in the interior, and samples had been
shwn of much promise.
The continental advices received to-day are of a more
cheerful tone as respects the state of feeling at Paris,
but it is obvious that where Public Securities fluc-
tuate 14 per cent. within a few days the rally of 6 per
cent. that has occurred upon the lowest values, is of
no great account, or cannot at least inspire much con-
fidence. The want of authentic news from Hungary is
much complained of here.
The meeting held yesterday at the London Tavern
for the consideration of Parliamentary and Financial
Reform is the precursor of that co-operation which the
citizens of London are about to extend to the men of
progress in the North, and has had an excellent effect
in arousing public attention here.
The National Bank of Ireland has declared a divi-
dend of Fire per Cent. this day. The report made to
the mee:ing was favourable.
This being Derby-day is a holiday in the Mincing-
lane markets.

The Corn•trade is quiet, with moderate arrivals of
foreign.

The Foreign Exchanges were all higher yesterday.
There is a fuller attendance than is usual in the Stock
Exchange on the Derby-day, but the business done is
mostly real, not speculative. Consols have risen to
91 s upon the better advices from Paris. The New
Three-and-a. Quaater per Cents. have been 90i 1. Bank
Stock is 1931, and quiet. Exchequer-Bills have been
445, to 475. premium.
In Foreign Stocks there is very little doing, but
prices aro firmer. Dutch Two-and•a-Flair per
Cents. have rallied to 48 and 49, the Four per Cents.
are 75 to 4, and Belgian Four-and-a-Half per Cents.
have been marked 80. French Five per Cents. bring
83, with the exchange at 25 40. Spanish Three per
Cents. have been quoted 321; Portuguese Four per
Cents. are nominally 2Ri to 29;4 and Mexican Stock has
been done at 304 with, and 28 ex coupons. No remittance
was expected, and none has been received, but thecommit-
ten have further letters,which are in course of translation,
and which we shall notice to-morrow, the contents not
being of special importance. The next arrival will
bring part of the proceeds of the tobacco duties.
Railway Shares are still rather heavy, but the trans-
actions are very limited. The French lines have all
rallied.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

. ,
Bank Stock 19314
3 per Cent. Reduced Annuities
3 per Cent. Consols Anna .............• 9114 9-ii ix 9,1
New 314 per Cent. AIIRS ...... ... ..... ~ 901/13/4 %
Long Annuities, Exp. Jan. sth, 1860 B% 8 9-16
D). 30 Years, Expire Oct. 10,1859... 8 5-16
India Stock
Do. Bonds, 10001
Ditto under 1.0001
Consols for Account ••••••• 91%1411
Exchlquer Bills. 11hd. 2d.
March. June.
1,000?.
500/ — 47 44 p
Small — 47 44 p
Ditto Advertised, ...... .. .. .- 46 42 45 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent 7B
Grenada, 1 per Cent. . .
Do. Deferred ... . 3%
Mexican Bowls, 1846,5 per Cent., Coupons 3034
Ditto Ex Coupons
Ditto Account
Spanish Bonds, 5 per Cent,lB4o ...
Ditto for the Account
Ditto Small
Ditto, 1845 9lh
Spanish Bonds, 3 per Cent 321/1
Dividends on the above payable in London.
French Rentes, 5 per Cent.
Exchange
Belgian 41,4 per Cent
Dutch 21/s per Cent., 12 Guild
Ditto 4 her Cent. Certificates
B YSINESS :DONE, IN RAILWAY 811AREi AT ONE O'CLOCk
RAILWAYS. PAID. PEA SHARE.
Xherdoen

Ditto, Preference .. ....... 41,4 41,4 .•.... to
Bi i itaam&OxfordJunct.,
c.. 1 5 duly pd, or with guar. 20
9ristol and Exeter

Do., Thirds ...... ..... 271,E l7lh to
Caledonian

._ .
x_
Ditto, New 101. Preference 10 ll% in to
DAlin and Belfast Junction.. 37% 54 to
Eastern Counties
Do. New Guarant. 6 per Ct. 10
Edinburgh and Glasgow
Great Western 100

Ditto, Half Shares
lull and Selby SO
Ditto, Half Shares
Lancashire and Yorkshire

Ditto Sixteenths .......... 6k ... . 4
Ditto. Thirds
Leeds and Bradford 50 ..... 971/2 to
Lond., Bright., & South Coast 50
Do., New, guar. 6 per cent. 5 ...... 61/s to
London & North Weitern.....loo 127% to 126%
Do. Fifths
London and S. Western....... 50 .. ... 33% to --
Manch. Buxton, & Matlock 4% 1
Midland....... ........... lOO ...... 68
Midland, Consol. Briatel and
Birmingham, 6 per cent.—.loo 123% to It 4
Norfolk lOO ...... 3
North British .. .. .... ... ‘.. 25 ...... 134_ „to
Ditto Half 5hare5........... 12% ..... 53/4 1g
Do. Quarters 6%...... 3 ex.int to
Reading, Guildfd., & Reigate 15 .. .. 15% to
Shropshire Union
South Eastern

Ditto, No. 2. ... 27. -
York, New 20% castle, and Berwick 25
to
Do. and Newcastle Exten. 20

Do. G. N. E. Pur. or Pref. 8 ...... 4X,143„ to
fork and North Midland 5O ..... 293/4 lA_ to 30
Ditto, Preference
Ditto East and Irestßid..i.n.
..
25
EExtension
FOREIGN RAILWAYS.
Boulogne and Amiens ........ .20 .. 7 ex.c to
Northern of France l3 ...... 9%1A... to
Paris and Orleans....
Paris and Rotten .. ..... .. ..... 20
Paris & Strasbourg ......... 10
MINES.
Brazilian Imperial ...,. ..... 2414... u. ..... to
Ditto St. John Del Rey ... 15

COURSE OF

Amster lam 12 21sir
Dit.o, at sight • • .... 12 1
Rolfe .... ••.. • • 12 3
Antwerp 25 81
ilamburgb ......M.B. 13 13,,
Alfons .... • • ....
Paris, 3 da3, s'sight •. 25 521.
Int to, 3 mouths .... 25 75
rJ arsenics .... •• • • • . 25 7:l
Flourrieslce . 25 7:5
fn.:Alert on Maine.... 121 V,
Petenburgli, Sil. Eblo.•
Vienna, circa. Co ••• • •• 12 15
Trieste, (I fr c... .. • • .... 12 15
Ifacll-1.; 4(
fisdiz .......... 50

i1t,rce1,,,.12- • • • • • •• •'