Our Paris correspondent refers the postponement of the meeting of
the French Chambers to the inability of the Emperor to make any state- ment respecting Italian affairs in their present diplomatic stage. He re- ports no progress, but thinks some settlement may become to by the 1st of March. The remainder of his letter treats of various interesting topics. " If we rely on the information furnished by the English papers the point on which the Derby party would base their opposition, is the article referring to the exportation of coals, probably on the ground of a possible deficiency in ultimate production of British mores owing to increased con- sumption abroad. This leads me to mention that experiment of a conclu-
sive character have recently been made in the dock-yard of Toulon, with a view to ascertain the comparative steam-generating power of French and English coals for maritime purposes. Owing to an improvements in grates and fire-boxes the results have proved almost the same with both sorts of
fuel. It is, therefore, expected that France will only continue to depend on England for her supply, till the increasing communications by rail will have
reached their complete development. To finish with the treaty, I may as well remark that the art 10 granting without exception, the favours and privileges enjoyed by national ships, and the art 11 referring to the expor- tation of coals, differ but very slightly from the information which you published some weeks ago.
" While the negotiations respecting the Newfoundland fisheries still keep pending, the French Government is on the point of obtaining from Den- mark, the conclusion of arrangements begun some three years ago, for a settlement on the coast of Iceland and a fishing establishment. Cod fishing on the shores of Iceland takes yearly more importance, and 300 vesaels are now in armament for the season of 1860, 130 of which belong to Dunkirk. " The excitement created in Madrid by the capture of Tetuan has a little abated ; however grand the success may have appeared, there still remains
much to do—General O'Donnell has ordered tents for 20,000 men, and the utmost despatch was requisite from the Paris establishment which fulfilled the order in four days.' " On the other side Spanish agents are buying camels in Algiers, a de- cided intimation that we shall hear of movements further in the interior of Morocco.
" The newspapers of the evening, publish telegrams from Madrid an- nouncing that the Emperor of Morocco asks on what conditions he could obtain peace. O'Donnell has referred to the Queen. However the facts .I have stated previously you may rely-upon as atriotly correct. " The Money Market and Bourse show better dispositions, but the crisis in the London Market reacts on ours, and prevents improvement in the general steadiness of securities.
" There is always much talk about the suppression of the tourniquets (turnstiles) at the entrance of the Bourse, which are considered a great nui- sance by small speculators, but bring yearly to the Paris treasury some 900,000 francs. The last propositions made by the Syudicat des agents de change to the municipality, was that they would as a compensation for the suppression, pay a yearly rent of 400,000f.
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