Northern Times.
Liverpool, Merseyside, England, 1857-09-07 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, MON DAY, SEPTEMBER 7, 1857.

AME RICA.

ARRIVAL OF THE CANADA.

The British and North American Royal Mail
steamer, Canada, which sailed from Boston on the
28th ult., arrived here on Sa'urday afternoon, with
three days later news; and 430,000 dole. in specie.
She reports the arrival of the screw steamer Anglo-
Saxon, at Quebee, from Liverpool, on the 23rd
instant, in 101 days. The City of Washington
from Liverpoo►, and the North Star from South-
ampton; both at New York on the 24th, in 12 days
There is not much news of importance by thin
arrival.
Several heavy failures are announced ; among
them are those of Da Launay, Iselin & Co, and
E. S. Munroe, of New York. New York was taken

by surprise on the 21:h ult. by the announcement
that the New York F g ney of the Ohio Life and
Trust Company had suspended payment, and
closed its doors. Payments hitherto by this
agency (as well as by the private bankers generally)
have not been made in money. but by checks
upon banking institutions. Patties having checks
drawn upon by the n list Co. Agency, upon their de-
posit bank(the American Exchange Bsnk,)presented
them for certification to-day, which endorsement was
refused, and the checks therefore went to protest.
In some cases these checks were drawn this
morning in payment of drafts upon the Trust
Company by their Western correspondents, and
received by the regular mail to-day by Wall-street
banking houses and by merchants. Finding the
checks not " good," the holdeis in one or more
cases demanded the return of the original draft or
drafts, which at first was refused by the company,
but finally acceded to under a writ of replevin. It
was known on Saturday that the agency was in
some trouble, as certified cheeks upon it dated one
day ahead wero offered to brokers three days
previous, for the purpose of -raising gold. The
capital of the Trust Company at Cinoinnatti, is
_ _

two and a half millions, and its affairs there
have been well managed. NG loss is feared
to depositors or to their correspondents, as
the company have abundant resources to
meet eventually all their obligations. Another
account states that the liabilities are bAween five
and six million dollars, and that it is feared the
assets are not one million. The suspension of the
Ohio Life and Trust Company has been followed
by that of John Thompson, who has for so many
years done the leadi:lg business in uneurrent
money, and acted as the agent of various banks
This suspension has been wholl✓ unexpected, ani
will cause an inconvenience, the extant of which
cannot now be estimated. The assets of Mi.
Thompson are largely in hank notes, not available
at present, and in other securities alike of small
value in the present excited state of the market
Other Stock houses have also suspended; among
them De t annoy, Iselin, and Clark, and E. S.
Munroe. The embarrassment of the former, thus
far extends only to their Stock business ; the house,
however, are understood to have purchased some
exchange on short time.

From 'Washington we learn that the Secretary of
the Navy bad beeWmuch occupied of late with re-
presentations respecting the construction of the six
war vessels ordered to be built by Congress at its
last session. There is a general desire that ene or
two of them should be built by contract, and upon
the plans of private constructors, as the Niagara
was. We understand that Alderman Steers, brother
of the late lamented marine architect, has made
proposition to build one of the vessels upon a
model furnished by him. The marine politicians
have brought to bear all their influence in favour of
Portland as the place of construction for one of
them. The Navy Yards at Boston, New York
Philadelphia, and Norfolk will each furnish
one.

The Secretary of State is believed to have
settled the long standing difficulty with New
Grenada, by getting ready a treaty to which the
signature of General I-lerran is expected. Nothing
further is positively known than that it provides
for the payment of the indemnity on which our
Government has always insisted. But it probably
also secures the standing of the railroad company
as tolhe duration of their charter, and determines
with precision the liznis within which the Go-
vernment of the Isthmus may tax the mails and
the tonnage of the United States.

At New York the Surrogate had decided against
Mrs. Cunningham's claim to the Burdell estate,
and gives it to the blood r3lations of the deceased.
The Savannah News, of the 20th ult., says ;—The
first bales of cotton of the season was received
yesterday by Messrs Tison & Gordon, from the
plantation of Mr. Allen Gibson, of Marian county,
Florida. This bale came by the steamer St
Johns, and was discharged yesterday evening at
too late an hour to allow it to be sold or sampled.
The first bale received at this port last year was
on the Ist of August, from the plantation of Mrs.
A. E. Shepherd, of Stewart county, Georgia It
was received by Messrs. Hunter & Gammel, from
Hughes & Daniels, of Columbus ; classed middling
fair, au..? sold at 131 cents. We reckon this bale
will sell for a handsome advance over last year's
prices.

Advices from Florida state that the Indians had
heisted a white flag, and strong hopes were enter-
tained that the war was over.

Advices from St. PaUl, Minnesota, of the 21st
ult. state : —The Constitutional Convention pro-
gresses slowly. Some points of difference have
been harmonised ; others, more prominent, such
as appointments and universal suffrage, it is
thought the Convention will fail to agree upon.
The republicans favour but one Constitution, while
the democrats are set upon submitting both, as
best subserving the interests of the people. The
Convention wiil probably agree upon a day for the
submission of both to the people. Three half-
breeds, who killed a German near Grell Lake, were
forcibly taken from the sheriff, near Little Falls,
and hugged to a tree. The crops of Minnesota,
notwithstanding the ravages of the grasshoppers,
were never better than the present year.
By the arrival of the mail as late as due, we have
New Orleans dates of 18th, and Galveston ltith
inst. The Galveston News says that the mnjority
for Runnels, the dethocratie candidate for governor,
will not be less than 11,000. The Civilian says
that great excitement is existing in Houston, owing
to the -Aiscovery of a plot got up by a gang of
thieves to kill the city marshal. The ringleader in
the affair, and another were captured. The
accounts of the cotton crop from the interior of
Texas were encouraging. Picking had fairly com-
menced. The effects of the drought on the frontier
were deplorable. The Pacific railway was being
graded at the rate of two miles_ per week, and 500
hands were engaged on the work.
Colonel Roberts, who had arrived at St. Louis
from Now Mexico, reports that a battle had oc-
curred between the Apache Indians and Colonel
Miles' command on the Jiia River, in which 25
Indians were Idled and upwards of 30 wounded.
Lieuenants Stein and Davis, and nine privates
were wounded. Colonel Miles recovered a large
amount of property.

COMMERCIAL INTELLIGENCE.

NEW Y._BK, AuG. 25.

The demand for Money, is rather more active, and a
slight advance has occurred in the rates of discount.
Bankers aro, however, very cautious, in consequence of t'.e
recent heavy failures. Exchange on E)r.dou is steady, at
1094 to 1091.

C DTTON.

The past week has been one of the most quiet of the
season, the transactions having been entirely of a retail
character, and chiefly confined to the necessities of our
domestic spinners, who have, in moat instances, been com-
pelled to pay higher rates. The quantity of cotton offering
is so reduced, and the demands of holders so irregular,
that it is difficult to give correct quotations ; the annexed,
which are raised lc above those at last week, must there-
fore be considered as nominal. The sales for the week I
estimate at 3,000 bales, and the export, mostly from first
hands, has been—to Liverpool, 2,355 bales; Havre, 409 ;
Antwerp, 280. Total, 3,044 bales.
Naw ORLNANS, August 21st.—Receipts of the week 440
bales; same week last year, 1,016. Sales of the week,
680 bales; to-day, 250. Stock, 15,000. Market slightly
higher. Middling 15 to 15te. Decrease in receipts at all
the Southern ports as compared pith last year, 590,000

bales. Freights to Liverpool, id. August 22nd—Receipts
0: the week, 190 bales. Middling, 15,;c. Freights, d.
to Liverpool and advancing ; to Havre, 19c. August 24,
Sides to-day, 350 bales, at unehanged prices.
MOBILE, August 21.—Receipts for the week, 200 bales ;
same week last year, 377. Sales of the week, 730 bales,
at 151 to 15ic for Middling. August 22nd—No freights.
Weather clear and cool.

CIiCP: The accounts received since my last, ire con-
firmatory of the improved condttion of the growing crop,
which, however, being still backward, is mere liable to
damage from early frost, and bad weather during the pick-
ingseason, which has now commenced.

:NEW CCTTON.—A bale of new cottpu reached Savannah,
from Marion county, Florida, on the 13 h inst. Last year
the first bale was received en lit August. With the excep-
tion of the 6 bales at New o:haus, noticed last week, no
further rce,ipto ore reported.
The following is a statement of the movement in Cotton
since the Ist September last, as compared with the pre-
vious three years :

SUMMARY.—Receipts—Decrease at the ports, compared
with last year, 583,000 bales ; compared with 1853,
316,000. Exports—decrease to Great Britain, 529,0(10;
compared with 1853. 321,000 bales, Decrease to France,
65,000; compared with 1833, 14,000; decrease to other
foreign ports, 109,000 bales; increase compared with 1853,
47,000 bales. W. P. WRGRT.

COTTON STATE VENT.
(From the Yew York Shipping List of 2Gth Avg.)

1
1 Saporta to Total
Stock.
Receipts. 1 Great Britain Exports.
I
1857 2,90'3,940 1 1,407,376 ~ 2,211,499 65,876
1856 3,498,697 1 1906,512 1,949 709
! 50,679
-----
tom .. ...
Deer... 579.964 ' 499,1 A ...... .. .... , .

BREADSTUFFS ; The market for Flour is ♦ery dull, and
prices are 10c to 15.; per barrel lower, with nothing doing.
Wheat is alto 5c per bushel lower. Indian corn closes
steady, after a slight decline.

PRWISIONS : There is a rather better feeling in this
market, and both Beef and Pork exhibit an advancing
.endency. Lard is very steady.
FRMIGLITS : We vote, to Livelinol, Cotton 3s; Wheat
2;1, I.

THE BRAZILS AND RIVER PLATE.

ARRIVAL OF THE TAMAR.

nom OUR SPECIAL CORRESPONDICNT.

SOUTHAMPTON, SAT ORDAY EVENING.
The Royal Mail Company's steam ship Tamar,
Captain J. H, Jellicoe, with the usual mails in
charge of Lieut. Charleten, R.N., arrived this day
at a quarter past one o'clock. During the voyage
homewards the Tamar experienced fine weather to
St. Vincent, and from thence to Teneriffe strong

north-east tradea, from thence fine weather, and

has accomplished the shortest passage from the
Brazils (Rio de Janeiro); viz., 22 days 4 hours
including all stopages. She has made the
run
from the Rock of Lisbon in 2 days 21 hours 15
minutes. •

The Tamar brings mails from the following
places with their respective dates affixed :—Buenos
Ayres 2nd August, Monte Video sth, Rio de
Janeiro 14th, Bahia 17th, Pernambuco 15'tli, St.
Vincent 26th, Teneriffc 30th, Madeira 31st, and
Lisban 2nd September.
The total number of passengers brought by the
Tamer was 94, amongst whom are :—Mr. Brittain,
Mr. AP-Gregor, Captain and Mrs. Portugal, Mr. E.
• do Mornay, Lieut. Ancora, &c , arid 10 distressed
British subjects, and 8 invalids, RN: She also
landed 67 passengers at Lisbon.
The Tamar brings specie to the amount of
1,854 from the following places, viz :—Buentaa
Ayres, .;..e.754 ; Rio de Janeiro, £OOO ; other ports,
£5OO ; also diamonds and precious stones to the
amount of £5,217, and on freight, 25 serons Ipe
cacuanha, 52 barrels tapioca, 57 boxes oranges, 25
quarter casks wine, 113 bags cochineal,: 5 bags
coffee, 248 packages sundries.
The following are the stations of H.M.S.—At
Monte Video, Wasp. At Rio Janeiro, Indefatigable,
with Flag of Rear Admiral Johnstone, H.M.S.
Mad,gascar, at Bahia, and Harrier, at Cape de
Verdes. The steam transports, Sydney and
Australia, with troops for India.
From the Argrentine Republic, there is a variety
of interesting intelligence. On the 31st of July,
the law was published declaring General Rosas a
traitor to his country, and confiscating his property.
This summary proceeding obviates the necessity
of a public trial, with its endless complications and
formidable disclosures.

The Buenos Ayres Packet of the Ist August in
its monthly summary says :
In our political or external relations, we-regret to say,
that we cannot report the same satisfactory progress ;
but here the means and agency are often concealed and
we may perhaps some day be agreeably surprised by un-
expected results. The tone of the ministerial press, how-
ever, on both sides, hardly warrants the supposition ; and
should there be any foundation for the rumoured
alliance of the Confederation and the neighbour-
ing Empire, against Paraguay, we foresee
new complications and enhanced difficulties,
that it would be easier and more prudent to
obviate now, than rectify at a later stage.
It must be confessed that the present is an active and
laborious adminis'ration, As regards internal organiza-
tion and administrative dispositions, more has bee❑ done
in three months than in three years immediately
preceding. Of the legislative measures submitted to
the chambers some a e complicate and of great
importance, such as the commissariats for the
country sections, the electoral law, the organization of the
National Guard, &c. ; others of palpable and acknowledged
expediency, as the naval and military academies, the
explored, n of interior rivers, postal extension and facilities,
and latterly, a decided interest in favour of the sine qua
own—railroads. In this department, therefore, greater
despatch could not be exacted or expected; and it is to be
hoped that now the Legislature, in its turn, will duly
second and carry into effect the laubable efforts of the
Executive.

The Minister of Finance had submitted the esti-
mates for the ensuing year. In round numbers
theoestimated outlay amounts to 83 million, and
the means to 77 ; leaving consequently a probable
deficit of six millions. It differs little from its
predecessors, unless it be in a general increase of
10 per cent. on all salaries, civil and military ;
those of the Governor and Ministers only ex
cepted. In the Department of War we find
an increase of some 20 per cent over that of last
year; and it must be allowed that forty-eight
million under this head is rather a formidable
item. As some apology, the probability of active
measures against the Pampa Indians, is hinted at.
As regards commercial and shipping interests,
the liberal and enlightened policy of the
Administration is fully borne out. These drafts
are subject of course to discussion and revisal ;
but as things stood in the Chambers, no
essential modifications were apprehended,
Tho inundations of last winter were being re-
peated, and apparently on a still larger scale. We
may expect to hear of heavy losses in sheep and
other live stock, but VVe trust some of the versions
current are greatly er.aggerated.
Rccent correspondence from the Rosario report
twenty foreign vessels in that port. An Oriental
plenipotentiary had also passed by Buenos Ayres
on his way to the Parana, and it is well known
that the principal object of his mission is to reclaim_
a modification of the law of differential duties, in
favour of the Oriental Republic, and, moreover,
that the Emperor of Brazil has consented to act
as mediator.

The accounts from the Confederation are upon
the whole satisfactory.
The differential duties, as a political experiment,
are not giving much satisfaction, as we can see by
the measures announced in the Confederation for
the prevention of contraband.
From 400 to 500 Swiss emigrants ere locat9d in
the province of Entre Rios, under the immediate
auspices of the President of the Confederation,
each family of four persons receiving 16 squares,
that is 61 acres, of good arable land, 100 silver
dollars, four oxen, three cows, and the timber
requisite for the construction of their houses. The
locality of this colony is exeAlent, and from the
known character of the settlers, we may augur a
successful result.

slaughtering them. The few brought in are required for
the consumption of the town and the cu'rent prices
are such as to preclude any competition for Baladero
purposes.

Banta, Aug. 15.—Sugar, onr market continues in a
state of apathy, no transaction of importance have tran
pired ; quotations are nominal at 4$ per arroba for browes
and 45500 per arr. for. whites in cases. Superior brawns
in . bags would fetch something above the price Mated.
Cotton, prices have Flightly improved, last sale haviog
be n at 78200 to 75400 per arr., for .IVaccios, according
to quality ; a report is current that 75550 per arr. has
been granted for a small lot, but the purchaser named
denies the fact. Fur Bahlets of tuerior quality 75300
per arr has again been paid for home consumptio.2.
•CAfte : As stated in the P.S. of our last number, our
stocks on hand Ir..ve been cleared off at 4sBoo per arr.;
mupilies from the Interior are coming in regularly, but
from- Caravellas we have had no arrivals Butter : Im-
ports consist of 480 brls 685 half brls from Havre, 50 brls
from Liverpool, 50 from Lisbon, and 129, not spoeified,
from Bio de Janeiro. Of new sales have been effected at
850 rs. per lb Irish, and 560 re. per lb French. F• eights :
No charters have transpired, and the rates arts flat at
quotations. Exchanie has given way, considerable trans,.
actions having been effected a.; 27 314 d 60dIs ' • latterly
something was done at 27-314. 90 do and 27 112 30 dr ;
the-latter on easy terms of payment.
PAIINAMBITCO, August 18 —Sugars : Subsequent to the
advises of the last two steamers from Europe, sugars
have declined ab3ut 15 per cant. Channel kinds having
recently been purchased at 3$100; the weather still con •
_ .

tinues to- be favourable for entries, and with tha exception
of a few days' rain, (which indeed has been much wanted),
the weather has been hot ; it is to be hoped that the rain
will continue,- as it is said that the yeung cane
in the interior suffers, it is many years since we
have experienced such dry weather for the months
:of July and August ; the arrivals since our last
monthly report have been 25;846 bags, or about
150 tons, and the shipments during_ the same• period have
been 3,925 tons. Cottons : Some stir has been made in
the market owing to better accounts from England, and
the prices have advanced from 100 to 200 rs. here, and
400' to 500 re. per arroba in out ports,.the freceipts sines
our last month's report have been 3261 bag', and ship-
ments daring same time 3 033 bags.—Hides : This article
has detained to 305 to 307 rs. per lb., and but few purcha-
ses have been made in the last few days, at a higher ra,e
than 310 rs.—Hides : The arrivals during the month have
been on a fair average, and the demand being smaller, the
price of the article has declined to 115$ per pipe.—
Freights:: Have been ruling very low, in consequence of
the continual large quantity of tonnage in port, and ex-
pected to arrive : la vessels have been chartered from this
and out-ports at £lO and 420 and 5 •per cent. per ton of
Sugar, and ad to 7 16 per lb. for Cotton, and %$ par barrel
for the River Plate —Exchange: The basin, ss of the 'month
has been heavy, and transactions to the amount of
£130,000 to £150,000 have taken place at 28d. 60. lays, in
some instances as much as 50 days credit for payment was
given; the Government took of this amount about £20,000
Thscounts ; There has been a good demand on the ILIA of
late, and this establishment's rate is stilt 10 par cent ;
10!, and 11 per cent has been freely given .out of doors
Jerked Beef : The arrivals during the month were 17,197
arrobas in two vessels from Rio Grande de Sul, and the
price ruled at from 55600 to 645100' for this description,
ssooo to ssloo per arroba for •Buenos Ayres,
and the actual stock, as mentioned, is only
3,000 arrobas, or barely a week's consump-
tion, the increase in the demand during the month
has been caused by the small stock sad high price of cod-
fish. Batter : The receipts of Irish have been 675 firkins,
mostly new. which were sold at 800,rs to 760 m, and
640 re per lb for the remainder of old; of French, there
arrived about 1,741 firkins, part of which was sold at
500 rs to 540 rs Ter lb ; we find that the average con-
sumption of Irish is about 500 firkins, and of French about
1,200 do. per month. Codfish : There have been three
arrivals, with 6,575 drums, which were disposed of at fair
rates ; the last sale is said to have been under 18$000 per
drnm, but more animation prevails, and the stock on hand
is only about a fortnight's consutuptio'kespecially as there
is a scarcity of jerked beef. We hear that the cargo of
the Phanthom was sold in Bahia, at the unprecedented
price of 235000 per drum, and immediate' y re tailed at
3$ per ditto profit. Flour : Since our last monthly
report, four cargoes have arrived from the States with
12,400 barrels, which wen' to to the Southern ports, and
one, with 1636 barrels remained here. The stock which

last month was 19,000 barrels, is now reduced to 12,000
ditto, or about seven weeks consumptm. Wine : The
stock of Portuguese, is still heavy, and the demand limited,
about 50 pipes white Mediterranean, sold at about 2003
per pipe, and the cargo or the Dolores from the Straits at
a price which has not transpired.