The Northern Daily Times.
Liverpool, Merseyside, England, 1856-05-19 00:00:00

AMERICA.

ARRIVAL OF THE ARABIA.

The British and North American royal mail
steamer Arabia, Captain Stone, - arrived in the
Mersey early yesterday morning from Boston and
Halifax, bringing 142 passengers, and 190,5721.
sterling in specie. The steamer America, from
Liverpool, had arrived out at Halifax, and the
Edinburgh, from Glasgow, had arrived out at New
York.

By the Arabia we have received our files of
papers from New York to the Gth ; Boston,
the 7th ; and Halifax to the Bth instant, all
inclusive. The accounts from New York are only
three days later than those published on Friday,
and do not embrace much news of importance.
The papers were chiefly filled with details of
Walker's defeat, and the recent riot at Panama, the
facts connected with whieh are already known.
With reference to the Central American question,
there was a good .deal of anxiety to learn whether
the American government would acknowledge the
government of General Walker. Some portion
of the press advocated its so doing, whilst the
more respectable portion as strongly denounced
the proposition. It appears that General Walker
had sent a minister to Washington, and his arrival
there is announced, and it was thought that some
outside pressure would be brought to bear upon
the President, to induce him to recognise him.
The Washington correspondent of the Herald
telegraphs :—" A distinguished functionary of the
government informed me today that our govern-
ment would recognize Gen. Walker, and that the
new Nicaragua Minister, who is supposed to be in
New York, or en route for Washington, would be
recognised. The president's private secretary,
Webster, left here this evening for your city, on
business, as I am informed, in connection with
our Central American Affairs." Another cor-
respondent says :—" The President and mem-
bers of the Cabinet held a consultation yes-
terday on Nicaraguan affairs. It is thought the
outside pressure will compel the administration to
receive the new Minister, who arrived in Wash-
ington last evening. Mr. Soule, in his speech at the
New Orleans meeting, on•the 28th nit., announced
with much positiveness that our government would
recognise that of General Walker."

With reference to the British Minister we find
the following in the New York Tribune :
" Mr. Crampton has said to a foreign minister
here, that the reply of the British Government
to Secretary Marcy's demand will not be as satis-
factory as the United States expect. If this opinion
be well founded, it is not improbable that he may
have his passports at an early-day, the answer is
expected by the next arrival."

The growing crops throughout the entire of the
United States, are represented as most flourishing,
and from present appearances, the forthcoming
yield of breadstuffs will be the largest ever known
in the United States. The prospect of a good
sugar crop in Louisiana is very poor. The severity
of the winter killed both seed and plant-cane to a
great extent, and though an attempt has been
made to get cane from Cuba for planting, only
three ship loads have been obtained—the Spanish
government (from selfish motives purely,) inter-
dicting further shipment. The sugar planters upon
the highlands between Bayou Sara and Baton
Rouge, being utterly unable to get cane, have
planted their fields with cotton.

In the House of Representives, on the sth, the
following resolution was submitted by Mr. Cling-
man :

I 'That for the better protection of the persons and property
of American citizens under the law of nations, and as secured
by existing treaty stipulations, with reference to the
thoroughfares or lines of travel between the waters of the
Atlantic and Pacific Oceans, the President be, and is hereby
authorised to employ any part of the land or naval forces of
the country, and call for and use any number of volunteers
that may be necessary to provide for the safety of passengers
and others of our citizens in those localities, and such forces
may be used by him in aid of the local authorities or other-
wise to insure the observance of such rights as the govern-
ment of the United States and citizens may be entitled to

enjoy-
The steamer Illinois had arrived at New York,
with 2,000,000 dollars in gold dust, from California
The News is unimportant. Business prospects
look gloomy in San Francisco, and the unprece-
dented dry weather had left the majority of the
miners without water, and necessarily without
work. The gold product must, consequently, be
small for a few months to come.
In Oregon and Washington Territories, the
difficulties with the Indians seem to be rather on
the increase, and the red men were becoming more
daring. A party of about eight hundred had
attacked the Cascades, in Northern Oregon, and
burnt down the place, together with the steamer
Mary. Two or three engagements had taken
place, in which the Indians were compelled to
retreat to the mountains, with considerable loss.
We have Newfoundland accounts to the 25th
ult from Fortune Bay, and from St. Pierre to the
27th. They report that the mail packet at St.
Pierre was so much injured by the ice on her last
passage, that the governor had ordered one of the
men of war to take her mails to Halifax. The
vessel was to sail on the 28th. There were two
hundred sail of French fishermen at St. Pierre,
waiting for bait, as herring could not be obtained,
there being so much ice in the harbour. Captain
Rich reports that there has not been so small a
catch of herring on the coast of Newfoundland for
many years, the bays and harbours having been so
full of ice. Herring were selling at St. Pierre, at
35 francs per barrel. There is now but little ice in
the Gulf of St. Lawrence.
The commercial accounts continue favourable.
On the sth in New York the demand for money
was less active, and loans were more readily
obtained on good business paper. Notwithstand-
ing the heavy export of specie, the reserve held by
the New York banks was nearly 13,000,000 dollars.
The transactions in the stock market were on a
moderate scale, and prices were generally well
sustained. The rates of Exchange on London
continued high and restricted business. The
quotations ranged from 100 k to 110. The cotton
market had become suddenly quiet, and prices had
receded half a .cent per pound. In breadstuffs
there was a moderate business doing at full prices.

COMMERCIAL INTELLIGENCE.
MONEY AND STOCKS : There has been much agitation in
our Stock Market since our advices of the 29th April. The
large shipments during the week, and the withdrawal of some
of the country balances, have caused our banks to reduco their
lines of discount and loans, at a moment when speculation had
awakened to more activity. .This measure on the part of the
banks has caused some operators a want of money which com-
pelled forced sales, resulting in a heavy fall on most of the
railway stocks, and especially on those which had been the
object of speculation. This depression was followed by a
reaction, but a decline on last week's prices. State stocks
have been but little affected by the above movement.
Securities for permanent investment remain generally very
quiet, principally railroad bonds.