The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-14 00:00:00

AMERICA.

The United State mail steamer Baltic, Captain Comstock,
arrived in the Mersey yesterday afternoon, from New York,
with 83 passengers, and 35,142 dole. specie. By her we
have received our files of papers to the 2nd inst., which
are four days later than those brought by the America.
The steamer Arabia from Liverpool had arrived out at
Boston, and furnished the news of Russia having accepted
the Austrian propositions for peace.
The latest advices from Washington report that the
further attempts to elect a Speaker of the House of Repre-
sentatives had proved futile. On the let the greatest
excitement is reported to have prevailed in relation to the
contest. An apparently cordial coalition had been formed
between the South Americans and the Nebraska men, which
gave Aiken one vote higher than Banks. It was said that
this could be increased two votes on the following day, and
same feared Aiken would be elected under the plurality
rule. Mr. Aiken is an accomplished and popular gentleman,
but as he was born in Ireland, it is somewhat doubtful
whether the Know-Nothings wilt sustain him.
In the Senate the Central American question had again
been discussed, and the Hon. W. H. Seward delivered a
speech occupying six columns of the New York papers, and
which breathed the most hostile tone towards England.
This speech reviews the claims of Great Britain to portions
of Central and South America—holds them to be without
foundation, and believes, that, under any circumstances,
they were all solemnly and for ever relinquished and aban-
doned by the treaty of 1850. He maintains that the
American positions taken in this matter are just, and having
arrived at the pith of the whole question, finally points out
the course which it becomes Americans to pursue in the
present emergency. The Senator's counsel is, not to sub-
mit the question to arbitration, for that, he says, would
imply a doubt of the rightfulness of the position taken by
the United States, but " to give notice to Great Britain
that America will interfere to prevent her exercise of
dominion in South America, if it shall not be discontinued
in one year; and also that authority be now given to the
President to execute the delayed purpose." In noticing the
bellicose oratien of Mr. Seward, the New York Times

says:
Mr. Seward does not think that Great B

will choose a

resort to war, but after the last positive declaration made by
her statesmen, and with such an alternative offered to her as
he advises, we do not see how she could possibly avoid it.
Mr. Seward, in support of his idea that England will avoid
a war, says, '' Her government, t ardly less than our own, is a
popular one, and this controversy grows out of a caprice of her
own administration." But, at the same time, it must be
remembered that her government being in a certain degree
popular, is one of the reasons why the peeplo will sustain its
acts, and if such a notice as that recommended by the Senator
were given, it would altogether preclude Great Britain from
retreating with honour from the stand she has already taken.
Notwithstanding the decidedly belligerent tone of the speeches
of Messrs. Seward and Cass, we are not apprehensive of any
serious difficulty with Great Britain on the Central American
question. Neither country is inclined towards war; England
cannot afford it, and the South, which, at present, is the do•
minant power in our own Government, has no desire for hos-
tilities with any foreign power which will not be likely to end
in an extension of slave territory. The two countries have
but to remain quiet a short time longer, and Colonel Walker,
hllibtister, will probably solve the difficulty by
consolidating the Central American governments, and excluding
England and all other intruders from that distracted territory,
which needs nothing so much as a capable ruler. Still the
subject is fraught with serious consideration, and the speech of
Mr. Seward will excite an unwonted degree of interest in the
public mind ; but, as the President has stated in his Message,
negociations have not been suspended, and there is yet room
for hope that there will be an amicable adjustment of the
matter. The speech of Mr. Seward, from the high position
he has long held as a statesman, and the powerfttl influence
he has exerted on the political destiny of the country, will
not be likely to lessen the probabilities of a peaceable settle-
ment of the difficulty.

or some other

The steamer George Law had arrived at New York with
881,000 dollars in gold dust from California, but no later
ad vices than those received by the Star of the West. The
news from the Isthmus and the South Pacific is not
important. The Chilian Congress, in extra session, was
occupied with measures for divers local improvements. A
violent storm, unusual at this season of the year, had done
considerable damage to the shipping in the port of Val-
paraiso. Political affairs in Bolivia si ere still cloudy, and
the government were endeavouring to conciliate its
opponents. From Peru we learn that a quarrel had
occurred between the Executive and the Assembly, but
peace was soon re-established.

By telegraph from New Orleans we have important news
from Mexico. liar° y Tamirez, who had conspired to over
throw the government of Comonfort and establish an empire-
had been detected in his schemes and placed under arrest,
lie, however, effected his escape, and at last accounts WES a.
the head of a large force, besieging Puebla, with every prost
pect of success.

The pacific tenor of the European advices, taken out by
the Arabia, had produced pretty much the same effect upon
the American Money and Stock Markets, as the announce-
ment did in England, and much the same view as to the

ultimate result was entertained. Many of the American
securities advanced in Wall-street from two to three per
cent. The Money Market, which, previous to the news,
was sufficiently accommodating to borrowers for the amount
of business offering outside the bank, was easy, at sevea per
cent. on call, and eight or ten per cent, for discounts. The
sums offering on temporary loan were on the increase. The
Cotton Market had advanced from a to 9of a cent.
per lb., and the sales for the three days reached 10,000
bales. Flour bad declined from 25 to 274 cents, per barrel.
Exchange on London had slightly advanced, the quotations
being 108 to 1081.

REVIEW OF THE NEW YORK MARKET,
For Ti,ree Days Preceding.

NEW YORK, Feb. 2, 1856.—The market closed very firm
at the date of our last respects per Atlantic on the 19th ult,
since which we have your mail advices, per Baltic, to 12th
ultimo, and yesterday morning the synopsis of the Arabia's
important intelligence, by telegraph from Halifax, of a large
advance in ronsols, indicating the probability of peace from
the negotiations in progress, and a week's business of 58,700
bales, at an advance of id in the better grades, which had
been unduly depressed, and Ad on all others, but closing
with less spirit. Here, the effect has been to strengthen the
confidence in higher prices abroad, which has recently had
more advocates, and to induce holders to demand lc. higher
rates, on the supposition that the Southern markers will
receive a large impulse on the news. The business of the
fortnight has usually teen small—say about 700 bales daily—
and without spirit, up to Wednesday and Thursday last, when
1 500 bales were sold at ie. advance. The impediments of
navigation have interfered with our manufacturing demand
confining sales nearly entirely to exporters. Sales, in transilu,
front Southern ports to Liverpool, have also been very
light, from the high cost of recent shipments. The
sales here yesterday were 2,000. bales, at -lc. to ac.
advance. The tendency at present is to under-estimate the
crop. The receipts, from various causes, have recently been
light. Snow and rain storms have so prevailed that the coun-
try roads are perfect morasses. The first has fallen so gener-
ally that it insures us free navigation in the spring months, and
will bring to market the crop heretofore detained by the want
of navigation. We anticipate moderate receipts during this
month. Wo are assured by parties returning from the South,
that the rains have not beat out the remaining Cotton, but it
will probably lower the quality of what still remains in the
fields. The estimates do not extend over 3,700,000 bales,
nor under 3,300,000 ; but some of the advocates have changed
positions. We see no cause for reducing our estimate of at
least 3,500,000 bales. J. T. STEWART & CO.

ASHES : The arrivals continue very light, and the sales are
necessarily small, at 6 dols 75c for Pot, and 7 dols 75c for

COAL : The late large stocks of Liverpool have become
much reduced, and the market, though still depressed, is
steadier than before.

CorPER : New sheathing is scarce, and very firm at 33c,
Yellow Metal is steady at 26c six months.

FLOUR AND MEAL, with a light supply on sale, the market
for State and Western flour opened film on Wednesday, and,
with an increased demand, the buoyancy was supported until
Friday, when prices receded 25 to 371 cents, under the in-
fluence of the adverse accounts per Arabia. The news caused
considerable excitement at the Corn Exchange, and all parties
seemed inclined to pause until the receipt of the letters, and
more perfect data with regard to the political intelligence. The
arrivals continue very light, in consequence of the obstruction
of transportation by snow on the Erie Railroad, and the
deliveries from store have been on a more extensive scale.
Sales, 28,000 brie., the market closing irregular and so un-
settled that it is difficult to quote accurately. Canada dour
has been affected similarly to other descriptions, prices having
declined 12i cents on the low grades. Sales 1,500 bras., at
8 dols, 26c to 10 dols., as in quality. Southern flour, pre-
vious to the news, was firm, with a moderate demand.
GRAIN : The buoyancy previously noticed in the wheat
market continues, the very light stock counteracting the effect
of the unfavourable accounts per Arabia. The demand has
been quite moderate, however, both for home use and export.
The market at the close was very much unsettled, and our
quotations should, therefore, be considered nominal. The corn
market is 2c to 3c lower, and shippers have withdrawn from
the market since the arrival of the steamer, while the home
trade buys very sparingly.
IRON : Scotch pig is offered, to arrive, at 30 dols 50c to 32
dols, but small lots from yard command 33 dols 50c to 34
dols. Bars remain quiet.
LEAn : Pig remains very quiet, and we have only to note
the sale of a small lot Spanish, from vessel, at 6 dols 624 e,
equal to cash.

MOLASSES : An invoice of new crop Cuba Muscovado just
arrived, the only foreign here, is held at 42c.
NAVAL STORES : Turpentine continues to be firmly held at
3 dols 50c per 280 lbs, for prime quality, though we know of
no further [transactions since those reported i❑ our last, at
3 dola 37Ac. Tar is in pretty large stock, and though in good
request, prices have not further advanced.
OILS : We notice more activity in whale lately, and the
market is firmer.
PROVISIONS : The market for pork opened a shade firmer,
but subsequently reacted, and closed about the same as at the

date of our last. The demand has been more active, mainly
speculative, with but little inquiry for export, The stock
officially announced yesterday, reaches 40,660 pkg
kinds, against 32,676 at the corresponding date
35,668 Ist. February last year. Beef continues dull
prices are a turn easier

last month

RICE : The market is very unsettled, with a downward
tendency in all descriptions.
SALT Tne market remains very quiet, and the' receipts
continue small.
SUGAR : There is a moderate but steady demand fcr home
use, and, as the stock is very small, full prices continue to be

realized.
TIN : The stock of all kinds of Pig is quite mod
while of Banca it is small, and the market is firm ; br
advanced rates now current have checked sales.

FREIGHTS continue quiet in consequence of the obstructio
of navigation and moderate offerings, but the market is withor
important change. The guano engagements stated in our la,
as being 25,000 tons from Chincas Islands to St. Thomas't
for orders to ports in the United States, at 24 dole, has bean
increased to about 60,000 tons ; and 22 dols per ton is now the
highest rate offered for the United States. The enga,
include 6,000 brie flour at 2s Gd ; 14,000 bushels cor
more is now asked ; 600 pkgs lard, 27a Gd ;075 brls as]
700 pkgs bacon, 27s Gd to 30e; 500 tee beef, 4s to 4s
40 do 5s ; 1,200 bales of cotton, 3-16 d to 7-32(1, in,
Sea Island at d, and by the Baltic, sailing to-day, 172
Sea Island cotton at 9-I W.
EXCHANGE: The transactions for the steamer hay(
been large. Sterling bills were not abundant, which had
effect to raise bankers' prices to 82. per cent, The busini
Continental was moderate. Bills on London 8 to 8-2- per
cent. premium.

OVERLAND MAIL.

0

gements

:s, ZOs;

In anticipation of the Overland Mail we have rece
our files of papers from India to the following date
Calcutta, January Bth ; Bombay, January 16th.

BOMBAY.

We extract the following from the Summary of the.
Bombay Times of January 16th :—On the last day of the;
year a notification was issued by the Governor General
intimating that, as the Santhal insurrection was at an
end, the troops engaged in its suppression would return to
cantonments. Throughout the length and breadth of
India profound peace reigns supreme.— Arrangements for:
the annexation of Onde, such as we described in our lastr
appear to be advancing quietly and auspiciously. From
Burmah the only intelligence is an account of a terrible
conflagration which deviated Rangoon on the 10th of
December. The origin of the fire is ;not known—it broke
out near the jail, and in a few hours destroyed sonic 18
brick warehouses, 180 timber houses, and about 300 bamboo
dwelling places, The loss, estimated at 150,000/. will fall one
the European houses, to whom the native merchants are
largely indebted. The Queen steamer left Bombay for
Aden three days since for a cruise in the lower part o f the,
Red Sea, with a view of settling some disturbances near'
Jeddah. The Neemuch brigade:has of late been ordered to
be strengthened, with a view of preventing strife in 03eley-
pore, or summarily suppressing it should it happen to arise.
The arrangement has been made in terms of the reference
of the Rajpoot princes themselves, and it is from a portion
of them declining to abide by their own submission, or
attending to the award of government, that annoyance is
apprehended. The malcontents appear to have secured
the services of stipendiary agitators, who seem for
some weeks to have been working a portion of the
press, and disseminating all sorts of slanders and mis-
statements against Colonel George Lawrence, w!te sets
under his brother Sir Henry, as political agent for Mey-Nlra
in which Oodeypore is included. The Rajpootana Mato?
which have of late, by the admirable management of the
representatives of the British Government, been kept in.
tranquillity, used to be amongst the most turbulent in India,
and would speedily become so again were the chiefs
left at pleasure to indulge their pugnacious pro-
) pensities in the game of war. Sanction has
been given for the construction of one first class
screw steamer in Bombay, at a cost of some hundred or one
hundred and fifty thousand pounds. It is pretended that
the new ship is not to be put in commission, but to be kept
in readiness in case of war ; in what quarter misunder--
standings are apprehended such as to send a hostile fleet
into our seas, does not appear. When the Americans, the'
only power with whom the thing is possible, contemplate
the destruction of Bombay, such a force will be sent en'
purpose as to sweep the Indian navy before it, were it tvvicq
as strong as it is. The frigate, even out of commissiont
will cost £30,000 a year, double the sum allowed
for education in the whole Western Presidency,
These things occur in a presidency whose revenues fall short
of four millions, its expenditure exceeding nine. We have
had repeatedly occasion to advert to the almost unparalleled
indolence and inefficiency of our bishop, a man of acknow-
ledged talents, of considerable power as a preacher, and of
whom, on his nomination, the highest hopes were enter-
tained. Arriving in Bombay in 1851, he is now making
his first tour through his diocese, a large portion of
which his predecessor used to inspect annually. During his
tour, he seems to have given offence, and occasioned
annoyance almost every where, recommending, when at
Kattiwar, the re-baptising of the children of Presbyterians,
the ordnance not being considered by him complete, unless
performed by Episcopal hands. A Captain Gibbon, of the
Madras army, having been dismissed the service, for having'
introduced of his sister-in-law a Courtezan into a ball-
room and lied on the occasion, the Commander,in-Chief
states that the court acquitted him in one point against
the evidence—on another it recommended him to mere'',
on the ground of his having " fallen into error in an
' unguarded moment," the whole proceeding showing that
he was an inveterate and habitual transgressor. The,
recommendation was wisely disregarded, and the name 01
one most unworthy member of an honourable service, dis'
appears from the Army List. The Governor-general bee
just declined accepting a public entertainment from the
Bengal Club, on the score of bad health. He retires frern
India, as formerly indicated, on the Ist of March. Hi
successor, Lord Canning, is understood, at the present date'
to be on his way from Suez to Bombay, he is expected
here ten days hence, and will spend a week at the
Western Presidency. Lord Elphinstone is to return
to Bombay to-morrow, from his six weeks tour
in Guzerat and Kattiawar, and he will take up his residence
at Parell. Sir William Gomm, Commander-in-Chief of
India, is on his way down to Bombay through Sinde. 11!
will be succeeded by General Anson about the first of neat
month, and will not until then quit the limits of his com-
mand. There is a greater demand for money in the market,
' and the banks have raised their rates of interest. Governs
' ment and other securities have further declined. The import
market is still very dull, although sales have been extensive
at reduced prices. Freights have fallen.

COMMERCIAL INTELLIGENCE.
BOMBAY MARKST.-2ND TO 15TH JANUARY.
We have no change to report during the past fortn'ght, fartbilt
than that money is In greater demand, and that the banks have,
raised their rates of interest one per cent. A further decline h38
taken place in government a ,d other securities.

In the impoil market:WereWetie ;I;y,4;he7e. is no change. In
demands from the interior have not at all been free; and althoug
the sales have been large, prices realised were most unremuntratiVe,
sales being forced by parties who have long been firm holders. The
prices of every description of grey goods have materially lower d!
most of the staples being but little sought after. Bleached goo
are equally neglected, and coloured goods generally can only P'
disposed of at reduced prices. Yarns also are not in demand.
EXPORTS.—In cotton, only an Inferior quality is procurabl'
Accounts from the interior of the corning crop are most favourable:
and the new supplies are expected in the course of a few week'
Linseed has declined in price. - -

FREIGHTS.—Rates of freight to Great Britain rule much about tb:
same as at our last, £3 2s. 6d. per ton for cotton and other measure-
ment goods; but oil seeds, of which there is a large quantity offerer
lug. £3 12s. 6d. to £3 Iss per ton. For China Rs. 15 per CandY*s
EXCHANGE 011 England, for the mail, opened at 2s 15-16 d to 2
led, and gradually rose to the following quotations :-2s 2ad to 9s
9-16,1 for China and first class credit, and 2s 21d to 2s 2id for doc,7,
ments, and at these rates a fair amount of business was done.
i,"„
Caleatta we quote Rs 101 at sight, and Rs 99 at 60 days' faro
Madras, Rs 100 at sight, and Rs 91a at 30 days sight; an
China, Rs 216 at 60 days' sight