The Sun.
London, England, 1859-03-24 00:00:00

THE PENINSULAR MAILS.

The Peninsular and Oriental Company's steam -
ship Tagus, Capt. W. B. Hall, with mails from
Lisbon of the 17th, Oporto the 18th, and Vigo the
19th, in charge of Lieut. Codrington, RN., Admi-
ralty agent, arrived at Southampton at 9 a.m. yes-
terday. She brought 19 passengers, including Mr.
and Sirs. Cossart, from Madeira; and on freight
£1,720 in specie, 693 chests of oranges, 157 boxes of
eggs, and sundries.
The Curacoa arrived at Madeira, remained two
days, and proceeded on her voyage. The Comet
sailed for London on the 9th.
On March 21, 50 miles south-west of Ushant, the
Tagus spoke the company's steamer Indus, outward
bound.
The Royal Mail steamer Avon, with the outward
Brazilian mails, arrived at Lisbon on the 13th at
4 p.m., and proceeded on her voyage at 4 a.m. on
the 14th.

Advices from Lisbon are to the 17th inst. Few
transactions had taken place in the exchange on
London, the takers holding out for 54, and drawers
only appearing at 531 for three months, which was
the current rate this mail. Paris is quoted 532 ;
Amsterdam, 421- ; Hamburg, 48 ; and Genoa, 528.
Three per Cent. Stock dull ; registered, 47 to 471 ;
Coupons, 46 to 461- ; Deferred, 311 to Bank of
Portugal Stock, 51 to 6 per cent. prem. ; and Bank
of Oporto, 23 to 24 per cent. prem.
A letter dated Lisbon, Alarch 17, says :—" The
telegraph will have already informed you that the
L oule Cabinet resigned, and before this letter appears
in your columns 3,our readers will probably be in
formed whether the Duke da Terceira has succeeded
in executing his Majesty's commission to form a
new Administration. The present state of parties in
the Lower House renders his Grace's task of no slight
difficulty, though it is already known he has been in
negotiation with MM. Aguiar, Fontes, and Casal
Ribeiro, which evinces a disposition to include the
Progresista-Regeneratorio party in coalition with
his own, the Chartist, formerly identified with the
Thomar Administration. It is also intended to in-
clude one of the Progresista-Historico partyin the
new arrangements, but they having formed the
principal portion of the Loule majority are not
likely to support a new Ministry while such limited
interest is given to them. I consider the Duke da
Terceira's coalition plans difficult to carry out
without a new election.

" The Louie Cabinet ought to have resigned two
months since, when the Chambers required reor-
ganisation, there being only four Ministers, Louie,
Avila, Carlos Bento, and Sada Bandcira, to fill seven
portfolios. The Marquis de Loule had, at the open-
ing of the present session, confessed the necessity
of filling up some of the portfolios held ad interim
by the other Ministers, and having promised the
reconstruction of his Cabinet, which he failed to
effect, it would hare been advisable to resign before
being again called to account by the Cortes. Some
parties attribute the fall of the Louie Cabinet to
the Lisbon and Oporto Railway contract, but there
appeared to the last every reasonable expectation
of its ultimate approval by the Cortes, notwith-
standing its having been made a party question.
In fact, the railway contract might have saved the
Ministers from their principal difficulties had they,
including in it the line to the Spanish frontier, laid
it before the Chambers, as they might easily have
done, at the opening of the session, instead of pro-
crastinating until the Opposition got up a motion
for rescinding the original contract in consequence
of the delay which had taken place in carrying it
out or bringing forward the modifications required
for its execution.

" P.S.--The new Administration was definitively
arranged last night, viz.:—president of the Coun-
cil, War, and Foreign Affairs, Duke da Terceira ;
Interior, M. Fontes Pereira de Mello ; Finance, M.
Casal Ribeiro; Public Works, M. Serpa Pimental ;
Justice, M. Martins Ferrao ; Marine, General
Ferreri.

" It is the most complete Cabinet we have had for
some years, the portfolio of Foreign Affairs being
usually added to one of the ether departments ; thus
the full number of Ministers is made up, and it em-
braces a degree of talent not always combined in a
Portuguese Administration.

" It is a Ministry of fusion, but the principal ele-
ment is the Progresista-liegencratorio. No doubt
there will be a strong Opposition in the Lower
House on the part of the Historicos, which may
ultimately cause a new election, but the Duke will
give the house a fair trial, and the men who
form the Cabinet are likely to unite several frac-
tions in its support, and thus secure a better chance
of a majority than I had at first supposed likely to
results from the Duke's arrangements."

THIS DAYS MARKETS.

CORN EXCIIANGE.

IMPERIAL WEEKLY AVERAGES. Wheat, 40s ld;
barley, 34s 4d ; oats, 23s 9d ; rye, 30s 4d ; beans, 41s
3d ; and peas, 40s 4d.
THE Six WEEKS' AVERAGES. Wheat, 40s 6d ;
barley, 34s Od ; oats, 23s Od ; rye, 32s Od ; beans, 41s lld ;
peas, 41s 2d
ENGLISH GRAIN SOLD LAST WEEK.—Wheat, 92,278;
barley, 54,575; oats, 12,312; rye, 84; beans, 3,599; peas,
669 quarters.