The Sun.
London, England, 1867-01-03 00:00:00

ITALY.

FLORENCE, Jan. 2, Evening.
General Menabrea has been appointed first Aide-
de-Camp to the King.
His Majesty has decorated Generals Cialdini and
Rossi, and Senator Paleocipa, with the order of the
Annunciada.

The Gazzetta d'ltalia states that the Minister of
War has withdrawn his resignation. The same
journal announces that the negotiations with Rowe
are proceeding favourably.

The cholera quarantines having been abolished in
Sicily the line of railway between Messina and
Catania will be opened to-day.

OPENING OF THE PORTUGUESE CORTES

THE KING'S SPEECH.

LISBON, Jan. 2.
The Cortes were opened to-day by the King in
person. In the speech from the Throne, which was
of unusual length, his Majesty said that the visit
of the Queen of Spain bore evidence to the good
understanding between the Courts, and the friendly
relations existing between two kindred nations.
The King announced the conclusion of a treaty of
commerce and a consular convention with France,
and of a literary and artistic copyright treaty with'
Belgium. Relative to internal affairs his Majesty
said the principal matters requiring attention were
the organisation of the army, the state of the
national finances, and the question of slavery in the
Portuguese colonies.

FRANCE.
PARIS, Jan. 2 (Evening).
The Moniteur du Soir contains the following :
" The year which has just closed has been marked
by grsat events, and the influence of French policy,
although calm and pacific, has been none the less
active and efficacious. By the sole force of moral
ascendancy the Emperor has powerfully contributed
to restore peace to Europe ; and the nations who
have chosen him as mediator have been happy to
recognise the beneficent and disinterested character
of his intervention. The war which, but (for his
Majesty's great wisdom might have become general,
has made way for an era of pacification. New
ideas have replaced in Germany the errors of
1815. All the Germanic nations now com-
prehend the advantage of friendly relations
with France. Distrust is dissipated, and the pre-
judices of another age disappear before a sound
application of common interests. Austria and
Italy, so long and so profoundly divided, are defi-
nitively reconciled. The programme inaugurated
by the victories of Magenta and Solferino is now
realised, free from the Alps to the Adriatic. The
Peninsula, after having been for ages a subject of
discord and rivalry between the Powers, is hence-
forth an olement of concord and equilibrium.
The Convention of the 15th Sept, so happily
executed, bas already produced the salutary effects
which were to be expected from it. It is no illusion
to hope, in a near future perhaps, for a reconcilia-
tion between the Court of Rome and the Florence
Cabinet.

The evacuation of Mexico is being carried out
under favourable conditions, and the United States
appear equally desirous with France to strengthen
the bonds of traditional friendship between the two
nations.

"The relations of the Emperor's Government with
all the Powers could not be more satisfactory nor
more friendly. The year 1867 opens therefore
under favourable auspices, and the nations who
will meet at the Universal Exhibition are pre-
paring for this great pacific contest in one common
thought of progress and solidarity."
BOURSE, Jan. 2, Two o'clock.—The settlement
on French Stock is proceeding favourably, the con-
stant daily purchases made by the Caisse des Con-
signations et des Depots tend to diminish the amount
small ; there is even a
) is
hreeesxcoefedfrinogmly2c. to 6c. ; add to this
of Stock on the market, and the charge for carrying
deportover (reoin)orTt
that a rise of no less than is telegraphed on Eng-
lish Consols. Threes are now quoted at 69f. 70c.,
with an advance of 22ic. A similar advantage is
not obtained by other securities, which nevertheless
are mostly firmly held without any noticeable varia-
tion, except as regards Italian Fives, which have de-
clined 30c., to 56f. 15e. Railway shares are firm ;
Orleans are in good demand. The cours de com-
pensation has just been fixed as follows :—Threes,
69f. 70c. ; 4f, 98f. 25c. ; and Treasury Bonds,
473 f. 75.