The Sun.
London, England, 1862-02-10 00:00:00

COMMERCIAL INTELLIGENCE.

NEW YORK, JAN. 28 (Evening).
Money easy. Exchange very dull, at 113 i.
Gold slightly firmer, at 1031.
Stocks lower. New York Centrals, 834 ; Erie,
342 ; Illinois Central, 611.
Cotton firm and advancing. Middling upland,
33c. Flour unchanged ; wheat dull ; corn steady.
Provisions quiet ; coffee steady ; sugar well in-
quired for; molasses steady.

NEW YORK, JAN. 29 (Morning).

Mr. Spaulding, from the Committee of Ways and
Means in Congress, has spoken on the Government
demand Note Bill. He argued in favour of the
constitutional power of Congress to issue demand
notes, making them a legal tender, if the war con-
tinued, until July, 1863. " The public debt," said
Mr. Spaulding, " will be 1,200,000,000 dole., includ-
ing the floating debt." This estimate exceeds that of
the Secretary of the Treasury by 300,000,000. dole.
Mr. Spaulding urged Congress to use their power
of taxation, so that the whole property of the coun-
try would be held for their redemption. He said
that an early and successful advance of the army was
of the utmost importance, and that the passage of
the Bill was necessary to sustain financial credit
and prevent foreign interference.
It is reported from Cairo that the Confederate
General IPiferann Thnmrtanti hoe boon captured.
Great excitement prevails at Newbern, in antici-
pation of an attack from General Burnside's expe.
dition.

Roanoke Island has been fortified.

The New York, Tinzes states that the report in
Congress on the Canadian Reciprocity Treaty will
suggest many changes, making it more favourable
to the United States.

It is reported that the privateer Calhoun, being
chased by a Federal steamer, was abandoned and
burnt.

The Glasgow, North American, Europa, and City
of New York have arrived out.

The City of Manchester sails for Liverpool this
morning.
COMMERCIAL INTELLIGENCE.
NEW YORK, JAN. 29 (Evening).

Money abundant. Exchange is dull andun-
settled, at 1131. Gold is quoted at 31 per cent.
premium.
Stocks firm and advancing. New York Central,
83Z; Erie, 351; Illinois Central, 628.
Cotton slightly firmer. Midland upland, 330.
Flour dull. Wheat inactive. Corn heavy.
Provisions quiet. Coffee very firm. Sugar un-
changed. Molasses steady.

NEW YORK, JAN. 30 (Morning).
Two divisions of the Federal army are moving
on Springfield.
Letters from Port Royal indicate the probability
of an early attack on Savannah.

Congress has passed the bill authorising the Pre-
sident, under certain circumstances, to take posses-
sion of railways and telegraph offices.
Mr. Gurley has in Congress stongly denounced
the inactivity of the army, and said that he consi-
dered it impossible for one man to command effi-
oienctly so large an army as the present Federal
army.

The New York Evening Post says, that it will
proposed to pay interest on Oovernment notes in
specie.

The House Committee on Foreign Relations has
authorised contracts of 500,000 dols. for the manu-
facturelof ordnance for the coast defences of Massa-
chusetts.

LONDONDERRY, FEB. 8.

The Hibernian, which arrived here this evening,
was detained at Portland until the morning of the
27th January, in consequence of the non-arrival of
the Canadian mails.

NEW YORK, JAN. 24 (Morning).

General Arthur has remitted to the Legislature
of the State of New York his report on the defences
of New York harbour.

General Arthur states in this report that in case
of sudden emergency recourse must be had to
floating or fixed obstructions in the channel.
The Board of Engineers has been sitting since
December, and it is confidently believed that lines
of floating obstructions can be placed across the
Narrows, that will effectually prevent the passage
of large ships, without injury to the channel.
During the late threatening aspect of foreign
relations the Governor of New York purchased
large quantities of timber, which is ready to be
used to obstruct the channel in case of emergency.
General Arthur likewise describes a plan whereby
in case of emergency concealed obstructions could
be sunk in two or three weeks in Fort Schuyler
channel and the channel leading to the lower bay.
These obstructions would drive vessels into the
immediate range of the guns on Sandy Hook.

Plans for resisting a land invasion on Long
Island shore are also discussed in General Arthur's
report. Ile recommends the establishment of State
foundries for the construction of arms and of iron-
mailed gunboats.
State surveys will also be taken of all assailable
points on the lakes.

Finally, General Arthur says that the State
militia should be trained to the management of
heavy guns.

Stone laden vessels are to be sunk in Maffitt's
channel, at the entrance to Charleston harbour.

The steamer Mauritius, with troops on board,
put into St. John's, Newfoundland, on the 24th

just, for coal. She had experienced fearful weather,
and been obliged to throw many horses overboard.
Sacramento is reported to have been again in-
undated. The late tremendous storms will, it is
thought, cause a large increase in the yield of the
Placer gold diggings.
General Price has sent a letter to General Halleck
asking if the Confederate prisoners are to be treated
as rebels or as belligerents. General Halleck re-
plied that spies and incendiaries would be punished,
but that prisoners captured in the garb of soldiers
would be treated as prisoners of war.
The North Carolina militia has been ordered out
to resist Burnside's expedition.
The Federals are reported to have occupied Cedar
Keys, Florida.

The Europa arrived at Halifax on Saturday

night.

NEW YORK, JAN. 25 (Evening).
Per Hibernian, by Telegraph to Portland, and
from Londonderry.)

The rebellion in Kentucky has been effectually
crushed by the victory of General Schipf over
Zollicoffer.

The enemy were driven from their chosen battle-
ground to their entrenched lines on the further
bank of the Cumberland River, with the loss of
cannon, tents, baggage, and subsistence.
Pursued by the Federal troops, they abandoned
their fortified camp without a fight, and, flinging
away their arms, dispersed in small bands south-
ward through the mountain paths.
The residue of the Kentucky campaign will be
fought in Tennessee.
General Burnside's expedition of 80 vessels and
25,000 men is in Pamlico Sound.
The railroad connection between Carolina and
Virginia will be cut by General Burnside, an ope
ration which will still further restrict the move-
ments of the Confederates.

Another expedition, to be sent into the Gulf,
will paralyse the operations of the Confederates in
one of the wealthiest of the slave States.
The army of the Potomac is still in tents.
The roads in Virginia being broken to the bottom
by rains, an advance is impossible.

So soon as the frost shall harden the roads for
the movement of artillery and baggage a decisive
battle is expected to take place in the neighbour-
hood of Bull Run.
The House Committee on Commerce have before
them the question of the reciprocity treaty between
America and Canada.

The New York Evening Poet says that apprehen-
sion is felt in some quarters that the satisfaction in
England, reported per City of New York, at the
surrender of Messrs. Mason and Slidell, will be
toned down when the grounds of the surrender ex-
pressed in Mr. Seward's letter are known in Eng-
land.

Two Federal commissioners have been appointed
to visit the South and contribute to the comforts of

the Federal prisoners, at the expense of the Federal
Government, to such an extent as the Confederates
will permit.

COMMERCIAL INTELLIGENCE.

NEW YORK, JAN. 25 (Evening).

Money easy. Exchange dull, and nominally
quoted at 1132 to 114. Stocks dull. New York
Centrals, 83: ; Erie, 35; Illinois Central, 61i.
Cotton firm and prices advancing. Sales in two
days 500 bales. Middling Upland 33c. Flour very
firm. Wheat quiet. Corn slightly firmer. Provi-
sions quiet. Coffee and sugar steady. Molasses no
sales.

NEW YORK, JAN. 25.
(Per Saxonia, via Southampton.)

The steamship City of New York was intercepted
off Cape Race Jan. 23.
The steamship Hibernian arrived at Portland on

the same date.

The City of Manchester arrived at New York
Jan. 24.

The steamer Mauritius, from Liverpool for Hali-
fax with 750 troops on board, put into St. John's,
Newfoundland, Jan. 24, short of coal. The Mauri-
tius experienced fearful weather, and had to throw
20 horses overboard.
1 LAC At ow Jur n, 1T e, .(7(4,, of J an. 25, has the fol-
lowing on the " situation" :

" Our new Secretary of War furnishes fresh evidence
from day to day of his talents and foresight. The general
order issued recently, approving the gAllantry of the sol-
diers then engaged in the battle of Mill Spring—upon which
we have previously commented—is followed now by an
order from Mr. Sttanton, providing for the comforts of the
brave soldiers of the Union incarcerated in Southern pri-
sons. Recognising as the first duty of the War Department
that of taking measures for the relief of the prisoners of war,
he has ordered that two commissioners should be appointed
to visit the cities in the South, where our. officers and men
are in confinement, and there to adopt such measures for
their comfort—at the expense of the United states—as the
rebel authorities will permit. Such a course of action will
bring consolation to hundreds of afflicted families in the
North, will impress our soldiers in the field with the grate-
ful assurance that our Government will not desert them in
the hour of direst need, and must necessarily stimulate
thousands of others to enrol themselves in the service of a
country which is thus mindful of their wants when the for-
tunes of war throw them into the hands of the enemy.
" In the battle of Mill Spring it appears that General
Schcepf did not actively participate in the engagement ; the
work was accomplished by General Thomas. The fighting
on both sides was desperate, and the gallantry of the troops
almost unparalleled throughout the entire day. The result
was considered doubtful up to a late hour, when Gen. Zol-
licoffer fell, but the victory and the rout were complete. De-
spatches received by the Norfolk Day Book, from Savan-
nah, dated the 22d inst., state that the Union troops took
possession of Cedar Keys, Florida, on Thursday last,
in which direction heavy firing was heard on that
day. Cedar Keys, a small group of islands on the west
coast of Florida, 18 miles below the mouth of the Savannah
river, is a most important point, forming as it does the At-
lantic terminus of the railroad across the peninsula to Fer-
nandino. Being in the possession of our troops, the land
connection between the Gulf of Florida and the Atlantic is
completely cut off. The islands are remarkable for their
splendid growth of timber valuable for ship- building. Offi-
cial despatches from Flag-officer M'Kean at Ship Island,
received at the Navy Department yesterday, put us in pos-
session of the details of the late naval expedition to Biloxi,
previously reported by the steamer Rhode Island, at For-
tress Monroe. It will be remembered that when the Rhode
Island left the mouths of the Mississippi three steamers had
bebn despatched to Biloxi, and that one of them was seen
returning with a schooner in town, supposed to be a prize.
It proves from Captain M‘li ean's account that the schooner
was the Captain Spedden, loaded with lumber, an article
much needed at Ship Island for erecting stores. She was
captured by the Henry Lewis. The object of the expedi-
tion was to seize a rebel steamer said to be at Biloxi, but
she was not found there. The town was surrendered to our
troops and the batteries destroyed. Nearly all the male po-
pulation had abandoned it. We learn from Mobile that the
rebel schooner Wilder, from Havana, was captured by one
of our cruisers off Fort Morgan, on the 20th instant. She
showed fight, but had finally to succumb. The rebels state
that the Union vessel lost her ship's gig in the contest, and
that none of their men were damaged. No mention is made
of the name of the vessel engaged. The Norfolk Day-Book
recommends the obstruction of the rivers and harbours of
the rebel States. A rebel flag was recently taken from a
staff in Lynchburg, Virginia, and torn to shreds, and the
halyards cut into fragments. The Lynchburg papers are
indignant at this mean and despicable act.' The Burn-
side expedition, judging from the tone of the rebel news -
papers, is creating considerable alarm among the rebels of
North Carolina. The North Carolina militia is to be called
out forthwith, and placed on a war footing. The rebels
threaten that unless the militia turn out •promptly, draft-
ing will be resorted to. The women and children are re-
moved to Newbern. Governor Wise commands at Roanoke
Island."

A despatch from San Francisco, dated lan. 17,

says: --

During the last 50 hours it has rained hard almost in-
cessantly. The storm still continues. Yesterday the water
at Sacramento commenced rising again, The third corn
plate inundation of that city is unavoidable. The area of
land now overflowed in the State is 20 miles broad and 250
long, taking upwards of 3,000,000 acres, mostly arable, a
considerable portion being actually fenced and tilled. It is
estimated that 4,500 cattle and sheep have been drowned
since the winter commenced. The unprecedented succes-
sion of tremendous storms has washed the *lining regions
where the ground was previously upturned and dug over,
producing great changes, rendering probable a large in-
crease in the gold produce from the Placer diggings for the
ensuing year."

Tho German Committee who, in accordance with
the resolutions passed at a mass meeting of German
citizens held in New York to discuss the reported
resignation of General Siegel, have issued a report,
stating that President Lincoln informed them that
General Siegel had not sent in his resignation, and
that, if General Siegel had done so, Mr. Lincoln
would have declined to accept it. Mr. Lincoln ex-
pressed satisfaction at the patriotism of the German

citizens, and declared the claims of General Siegel
should be considered first in order.

A Washington despatch says the House Com-
mittee on Commerce have before them the question
of the reciprocity treaty between the United States
and Great Britain.

The New York Iribune says a few more letters
on the Trent affair are expected from other foreign
Powers; the whole correspondence will then be pub-
lished in a neat volume, probably by special vote
including Senator Sumner's speech, and the volume,
it is supposed, will be the most valuable contribu-
tio❑ on the subject of international maritime law.
Proceedings in Congress were unimportant. A
great deal of time has been occupied in the discus-
sion of the right of Senator Bright, of Indiana, to
his seat in Congress. Mr. Bright is charged with
being a Secessionist, and with having written a
letter to Jefferson Davis, introducing a friend who
had a new invention for the manufacture of fire-
arms.

The Evening Post, of January 24, says the stock
market failed to respond to the buoyancy in London
which followed the announcement of the surrender
of Mason and Slidell. The dullness may, however,
be due in some measure to the apprehension which
is noticeable in some quarters, that the grounds of
surrender, as expressed in Mr. Seward's letter, will
somewhat tone down the first outburst of satisfac-
tion.

Delegates assembled at Salt Lake City, Jan. 22,
and drew up a State Constitution, to be submitted
to Congress. Utah demands admission into the
Union.