The Sun.
London, England, 1866-08-10 00:00:00

THE SUN, LONDON, FRIDAY EVENING, AUGUST 10, 1866.

now expected that an armistice will be shortly
agreed upon ; their troops have been withdrawn
across the Tagliamento, to the line of demarca-
tion that Austria had demanded, before she
would agree to commence negotiations. It is,
indeed, high time that some change should take
place in the course pursued by the Italians, for they
have been as perverse as they could all through
this affair, and by their pertinacity have greatly
increased the difficulties of Austria in coming to a
settlement of the complicated matters before her.
It is said that a complete understanding exists
between France and Italy on the subject of the
cession of Venetia, and the KING has appointed
Plenipotentiaries for Italy at the Conference to be
held at Prague, which looks as if some definite
understanding had been arrived at. It is
so far satisfactory that progress has been made,
because it was keeping people in unnecessary sus-
pense thus to delay continually, and to waste time
in disputing over technicalities. The real secret of
the matter is, that the Italians are quite disgusted
at the result of the war, so far as they are concerned.
Their pride has, indeed, gone before a fall ; and
now they know and appreciate that whatever gains
may accrue to them will be in consequence of the
efforts of others. No doubt this is mortifying, but
they do not improve matters by giving way to petu-
lance, and by exhibiting a spirit of contention that is
quite out of character at the present eventful epoch.
It cannot be said that any of the nations which have
taken a prominent part in the war have come out
very creditably, considering all things. Austria
has manifested a total want of recognition of the
principles of nationality, and thus lost a great op-
portunity ; while Italy has alienated many friends
and disenchanted admirers by her prejudiced course;
and as for Prussia, it is very difficult to define accu-
rately the extent to which she has gone in forfeit-
ing the respect and estranging the feelings of inde-
pendent parties. But we have not yet seen the end
of the game.

solution to the question of frontier limitation. It
was believed at Vienna that Austria must give up
the Trentin, which is the last footing of Austria in
Italy, and which would be an incessant source of
conflict. _ _ .

vV
The fair of Beaucaire, which is generally an im-
portant one, is just finished, and the business has
been very flat, much below the usual average. The
languid state of commerce, in spite of the prelimi-
naries of peace affected it very much. The chief
diminution in business was in drapery and in wool-
lens. There was some activity in the tanning trade
and also in Indian cottons, which fetched a high
price. In flannels, nothing whatever was done
The warm weather has returned, but there is still
a great deal of rain, Some fear is expressed that
the quantity of wet will injure the grapes.

LA TEST INTELLIGENCE.

(REUTER'S TELEGRAMS.)

- -

AUSTRIA AND ITALY.

FLORENCE, Aug. 10.

The Italie of to-day says :—The Italian forces
which had advanced as far as Pergine and the walls
of Riva, are compelled for strategical reasons to
concentrate in the rear.

" The diplomatic question relative to the district
of Trent must not be confounded with the strate-
gical question. The necessity for concentrating the
troops may cause the evacuation of certain portions
of territory occupied by the Italians without its re-
sulting that such territories are not to be claimed
in the negotiations for peace."

The Nazione of to-day says :—The mediation of
France not having succeeded in obtaining the
acceptance by Austria of the conditions of the uti
possidetis formally agreed upon with Italy. France
left Italy to consult her own interests. A formidable
concentration of Austrian troops ready to take the
offensive, on the district of Trent and Isonzo, de-
termined the chiefs of the Italian army to place
their forces in a better position for defence.
The military conditions for the discussion of an
armistice being thus changed, there would hence-
forth be no reasons to refuse the armistice, which
has become necessary for European reasons. We
conclude, therefore, that an armistice will shortly
be agreed upon.

RAGL7SA, August 9.

In consequence of the refusal of the Porte to
satisfy the demands of the Christians in Candia the
latter have risen in insurrection.

SPAIN.
MADRID, August 9 (Evening).

The Queen of Spain arrived to-day at Zaranz.
Enthusiastic popular demonstrations were made in
honour of her Majesty during the journey from San
Ildefonso.

FRANCE.

IMPORTANT DEMAND OF THE FRENCE

GOVERNMENT.

PARIS, Thursday.

The French Cabinet has addressed a note to the
Prussian Government, pointing out that the great
changes in the political organisation of Germany
render it necessary that the French frontier should
be rectified by a cession of territory to France.
The French Cabinet made yesterday a further com-
munication to the Cabinet of Berlin, demanding
the restoration of the French frontier as it existed
in 1814.

PARIS, August 10.

The Siecle of to-day says :—" France, in view of
the considerable aggrandisement of Prussia, is said
to have opened negotiations with the Berlin Cabinet
relative to the Rhine frontier. Prussia has not yet
thought fit to entertain the French propositions."

The Moniteur of this morning says :—" The re-
turn of the Emperor from Vichy has received
several erroneous interpretations. By the advice of
the doctors his Majesty gave up the course of treat-
ment which he was following at Vichy. The Em-
peror is much better in health since his arrival at
St. Cloud."

PARIS, August 9.—Two o'clock.—The market
opened feebly, and although very little business was
transacted prices were quoted at a slight improve-
ment. French Threes were done at 69fr. or an
improvement of 22ic. ltalian Fives at 51f. 55c.,
or 35c.F
higher.o neier 1 Mobilier,3oof
.al s
065 a l
risef .
of sf. Comptoir, or a rise of sf.
Credit
d'Escompte unvaried at 865 fr. Scarcely any change
has occurred in the Railway Market.
Three o'clock.—The market was firm at the close,
with an improvement in almost all securities :
Ii per Cents 97 50 Bank Shares 3550
Do. end month — Italian Loan 5l 20
3 per Cents. 69 25 Do. end month 52 20
Do. end month 69 25 Mexican Loan 29
Credit Mobilier ... 651 25 Do. Bonds 177 50
Do. end month ... 651 25 Spanish Threes
Credit Foncier ...... 1300 Home Debt ***
Do. end m0nth...... 1300 Deferred