The Express.
London, England, 1861-09-27 00:00:00

COMMERCIAL LWELLIGEiCE.

Exchange on London, bankers' Stocks
firmer. New York Ventral, 721; Illinois Central, ;
Erie, 2.1 j. Cotton dull, and quotations nominal. Bread.
stuffs opened at a slight advance, but closed with a do-
dining tonarucy. Provisions quiet.

SOUTHAMPTON. Sum. 27.

The United States steamship Ara 4), Captain
Lines, with the mails for France and England,
from New York on the 14th inst., has arrived.
She brings 24 passengers for England and 73 for
France, and 44/0 dole. for Havre.

The Angln-S.Axon had arrived out at Quebec!, and
the Europa at Halifax.
On the 15th the Arngo spoke in lat. 40.40, lou.
70.30, a four-masted steamer steering west, sup-
posed to be the City of Manchester ; on the
16th, in lat. 42.10, lon. 114.40, observed a bark
steamer steering west, supposed to be the New
York, from Bremen and Southampton ; and on
the 26th, 11 a.m., off Eddystone, exchanged
mil;nals with Hamburg steamer, steering west, sup-
posed to be the Bavaria, from Southampton.
The Nei, York Times of Sept. 13 has the follow-
ing :

We have glorious news from Western Virginia; which
fully confirms the correctness of our recent anticipations,
that there would be struck the next telling blow against the
rebellion. The command of the rebel Floyd, consisting of
five thousand men, has been ignominiously muted, leaving
behind them all their camp equipage, waggons,
horses, large quantities of ammunition, fifty head
of cattle—in feet, everything, even to the personal
baggage of Floyd and his officers. The rebel
army was found by General Bement-rano to be entrenched in
a powerful position on the top of a mountain at Omni.:
Ferry, near 'fiummerville, on the west side of Carley River,
and, after suitable reconnoissances, an engagement com-
menced at 3 o'clock on Tuesday afternoon. Floyd had six.
teen field pieces, sad his rear and both flanks were, from the
nature of theground, inaccessible,while his front was masked
with heavy forest and • close jungle. Notwithstanding these
difficulties, however, the success at our arms was complete,
and with a comparatively small loss of life. The enemy's
position was first discovered tby four companies from
the Ohio Tenth Regiment, acting as scouts, who unex-
pectedly earns upon a parapet battery, and a long line of
palisades for riflemen, when the battle opened with great
fierceness, and continued until dark. The Tenth, Twelfth,

and Thirteenth Ohio were immediately brought into action,
and engaged the batteries with good effect, while M'Mullin's
howitzer batteries and two tield•piecea were got into posi-
tion, and succeeded lin silencing several of the
enemy's guns. The battle raged furiously as night ap-
prroched, and the German brigade, under Colonel McCook,
was brought up, soon after which the firing ceased, on ac-
count of the darkness, and the troops lay in position
on their arms, ready to resume operations with the morn-
ing light. During the night, however, the rebels fled pee'.
pately across the river, leaving everything behind them,
and destroying the temporary bridge which they hail con-
stricted, so that pursuit was impossible, the river at that
point being deep and turbulent. The national loss is but
fifteen killed and about seventy wounded. The loss of the
rebels is not known, as they carried their dead and wounded
with them.

Thegiev.Yurk Times, of September 14, reports
a number of arrests iu Baltimore, including Hon.
Henry May, Member of Congress, all the members
of the legislature ifroml.Baltimore county, Mayor
Brown, F. H. Howard,l editor of the E.cchange,
hit mr—us Wall, jun., editor of the South,
and others. Among the members of the legis-
lature are :—Roes Winans, Charles H. Pitts,
Lawrence Bengston, S. T. Wallis, T. P. Scott,
Henry M. Mortit, W. G. Harrison, and Messrs.
Dennison, Quinlan, War field, Thomas, Bruce,
and Lynch. It is also reported that Benjamin C.
Howard, the peace candidate fur governor, is
among the number. These arrests were all made
lb pursuance of orders from Washington.
. . . _ _ _

The legislature of Maryland was called to meet
on the following Tuesday, and it was anticipated
that a course of legislation hostile to the govern-
ment would be immediately inaugurated, with
perhaps an effort to declare the state out of the
union, preparatory to the expected advent of the
rebel army on Maryland soil.
Advice. from Western Virginia state that the
rebel troops under Leo, on the morning of the 12th,
oommenoed an advance upon both positions occu-
pied by the national troops at Elk Water and
Uhoatt Mountain Summit. They succeeded in sur-
rounding the Summit, but were subsequently dis-
persed by reinforcements sent from Clarksburgh.
Their advance on Elk Water was also stopped by
shells from Loomis' Battery. During a alight
skirmish near Elk Water, two rebel officers--oue of
them CoL John A. Washington, late of Mount
Vernon—were killed.

Governor MagoAin, of Kentucky, has given a dill
further proof of his sympathy for the rebel cause,
by vetoing the resolutions recently passed by the
legislature, requesting him to call out the state
troops to repel the rebel inroad.
The first manumission of slaves, under the recent
proclamation of General Fremont, took place on
the 13th, the slaves made free belonging to Thomas
L. Smead, of St. Louis.
Au important order in reference to the payment
of volunteers has been issued by the Secretary
of War to Paymaster-General Lamed. Where
volunteer regiments have been accepted by the war
department without reference to state authorities,
pay is to be allowed from the date of the organisa-
tion of each company with the minimum number
of men, satisfactory evidence in each cane being
furnished. Volunteers are also to be paid when
organised and accepted by the governors of the
several states, without regard to the date of mus-
tering into the service of the national government,
provided payment has not already been made by
the respective states, in which case the government
will eventually become responsible.

COMMERCIAL INTELLIGENCE.
NEW YORK, Sarr.l4.
_

In Wall-street yesterday, another million of dollars was
a.klod to the popular subscription to the National Loan at
the Sub• Treasury Office. The Stock Exchange was firm on
national and state stocks, but dull on the railways. Ex-
change on London advanced to 104 to 108 i percent.
The sales of breadstuff* yesterday were very heavy (28,6(0
his, flour, 467,000 bushels wheat, and 220,02 bushels
earn), and prices were generally higher. Large isles of Rio
gaffes and Cuba sugars were also reported at advancing rates.
Provisions were attracting more attention ; pork was dearer.
Cotton was quiet, as were ►lso rice, tobacco, hemp, candles,
beeswax, wash, iron, lead, tin, lumber, linseed oil, tar,
torpeutine, nada, spices, and whalebone. A fair inquiry
prevailed for hay, hops, tea*, mackerel, herrings, ingot
sapper, raisins, currants, laths, molasses, ish oils, tallow,
wool, sod whisky. Common resin was depressed and de-
clining. The freight engagements were moderate.