Northern Times.
Liverpool, Merseyside, England, 1857-11-09 00:00:00

ARRIVAL OF THE ATLANTIC.

Th( United States roan' steamer, Atlantic, Captain
Eldridge, arrived here about noon on Saturday with 15
passengers. Her advices are to the 27th October. The
steamer Baltic had arrived at New York.

The news by this mail is, politically, not of the lcast
moment.

We learn that the vessels arriving at New York were
reporting having experienced very heavy gales. A New
York paper of the 27th ult. says :
The ship Patrick Henry arrived here yesterday from
London, haring on board the captain and sixteen men
belonging to the British barque Athenian, which vessel
she found in a sinking condition. The brig General
Williams brought in the Captain and 'five men of the
schooner John Harris, which was wrecked on the 21st
init., while on the passage from Philadelphia for Boston.
An unknown schooner was reported ashore off the High-
lands yesterday afternoon. The wind yesterday from the
north east was very heavy at intervals, and the vessels at
anchor: in the north river and at Quarantine dragred
their anchors, but without receiving any damage. The
tide, in consequence of the north east wind, was unusually
high, flooding a number of the piers ou the east side of
the city. A quantity of filar on pier No. 7 was consider-
ably injured by the rain, and many of the cellars were
filled with water. We do not bear of any damage received
by vessels at the wharves.
From ii-ansas we learn that great excitement existed in
that portion of the union. A despatch, dated St. Louis,
Oct. 26, is to the following effect :
A pretest, signed by several prominent citizens of
Kansas, was filed on the 15th inst., against the fraudulent
returns from Oxford precinct, Johnsten county ; and in
reply to it, after a personal examination, Messrs. Walker
and Stanton publish s proclamation in the Herald of Free-
dom, of the 20• h, in which they express a determination to
reject the entire vote of Oxford, and to give certificates
to the free State candidates. The proclamation produced
intense excitement among the extreme pro-slavery men.
and threats of vengeance against Gov. Walker and
Sicretiiry Stanton were made. On the 19th inst. a
protest was made against assembling the Constitutional
Convention, by a mass conviution of the people at
Lseomp'on.
We have also news" from the Salt Lake City. A St.
Louis paper publishes a discourse delivered by Rebe
C. Kimball, at Salt Lake City, August 30, in which strong
grounds are taken against the United States government,
and a determination is expressed to resist their troops to
the last extremity. The Mormon " children" are called
upon to arm themselves, and people generally are exhorted
to lay up grain and otherwise prepare for the conflict.
During the discourse Kimball says:—" We are the
kingdom of God and the State of Deseret, and will have
Brigham Young for Governor just as long as he lives."
Young made a speech equally bold in its declarations of
hostility against the United States.

Respecting monetary affairs, we extract the following
rorn the New, Fork Herald, of the 27th ult.:—

The stock market, much to the surprise of speculators
generally; was rather' buoyant this morning. A very
small amount of business was transacted, but the sales
were in most instances at better prices. At the first
hoard Ohio State 6's advanced I per cent. ; Tennessee
6's, 2 ; Virginia 6'e, ; New York Central Railroad 7's,
2 ; Illiuoie Central bonds, 3; Reading Railroad, 3 ; Michi-
gan Southern Railroad, preferred, 2; Illinois Central
Railroad, ; Cleveland and P.ttshurg, i; Cleveland and
Toledo, Michigan 6's fell off I per cent.: New York
Central Railroad, le ; Erie, i. There was no moveneent
of consequence is any leading stock security, and the
operations were principally for cash.' The European
advices appear to have had very little effect upon our
finances, one way or the other. The feeling in the street
was so much better than generally anticipated that the
market actually improved under the favourable inflaence.
We hear of orders from Eurepe to purchase our stocks,
limited at prices considerably above those now current.
The repeated assertions in the London papers that the
panic here would be a very temporary affair, and that it
was got up by few stock jobbers solely for the purpose of
depressing prices for speculative purposes, no doubt
induced many capitalists in London and on the Continent
to send out new orders for purchasing, so as to take
full advantage of the depression. This will only add to
the financial embarrassments tof Europe, while it will
materially help us. The London papers have not fore-
shadowed this revulsion. They have not anticipated it
one hour ; and even up to the la•est dates, with all the
facts before them, they would not believe in a general
collapte of credit systems either at home or abroad. The
London Times, surrounded by a clique of railroad
financers and bankers, has been deceived as to the actual
state of things on this side of the Atlantic, and induced
investments in our railroad securities up to the very
kit Wes' or' int yam. VP ?Penn e the tehrpv, tee sn9 ~e he
purchase our railroad stocks. There is a. clique of
bankers and financiers in London who hold the same
position in regard to American stocks, particularly of
railroad companies of the present day, that the old
United States bank did during the last great revulsion in
regard to the stock securities of that day, and the pro-
bability is that similar results will mark the p-esent
revulsion. The amount involved is now much greater,
and the danger to those involved more imminent. The
great depreciation in the value of public stocks during the
revulsion of 1@37, and the utter impossibility of
negotiating them, saddled the bank at that time with a
load which, with other losses and entanglements,
completely used up its thirty-five millions of capital
and bankrupted the entire concern. Individuals now are
engaged in bolstering up and carrying vast amounts
of railroad bonds and stocks, involving an immense aggre-
gate value, upon a capital considerably smaller than that
wielded by the United States Bank, and we do not see how
they can escape• the same fate during the present panic
The Anglo-American banking houses of London, backed
up by the London Times, will, we fear, find themselves
unrqual to the emergency for the concentration of our
railroad bonds and stocks (which to-day are not on an
average fifty cents on the dollar) in the London market is
to the extent of tens upon tens of millions of dollars.
Most of these securities will for a, long time be a dead,
weight in the houses of this clique of capitalists. The
European money markets will not be in a condition for
many months to afford any aid or relief to the holders of
these securities, and the market has, therefore, been com-
pletely destroyed. We have seen on this side of the

Atlantic house after house, known a short time since to
have been in the possession of large capitali and large
avai!able resources, go down one after another, solely on
account of the utter unavailability of the piles of railroad
securities in their possession. Under the circumstances.
they were worth no more than so much brown paper. The
same class of houses in London will, we fear, find it diffi
cult to avoid the same results. The Bank of England
must cat ff supplies upon all such securi'les. Capital in
London will not come to the aid of this data of bankers
t here any more than. here, and we may look for similar
disasters.

CONAIERCI AL.

NEW YORK, Ont. 27.

There were no sales of cotton reported 3 estriay, while
prices were nominal. the only movement consisted of
shipments to Liverpool on owner's account. Four c:osed
heavy without change of moment in prices. Tne sales
were to a fair extent, both to the local and Eastern trade,
while some purchases were male for export. There was
a good export demand for wheat, and sales were pretty
freely made, closing firm for prime to choice lots of S
ern white and led, while common grades of Western, in-
cluding Chicago spring, wero easier. Corn was less
buoyant and active, and sales of Western mixed were
made at .68e. to 69c. for sound. Pork continued to be held
with firmness, and small sales of mess were made at
20 dollars 7Sc. to 21 dollars. The sales of sugars were
confined to about 200 to 300 hhdq., at steady prices.
Coffee was quiet. Freights were firmer, with more
offering for English parts. To Liverpool about 40.000
bushels of wheat were engaged in balk and bags at 7d. to
Bd., Kith 11 mr at 23. 3d. to 23 6d., 100 tierces of new
beef, and 5(,) do. old at ss. Rates to Landon exhibited
more firmness. The receipts of bread.stuffs for the forty-
eight hours ending yesterday morning indicated an
increase compared with those for the same period a week
ago; and proved that produce was in Motion. The receipts
by the Hudaditriver embraced about 2:7,000 brls. flour,
98,000 bushels wheat, 28,000 bushels corn, and 11,000
bushels barley. About 4,000 to 5,000 brls. !bur canto
over the Erie Railroad.