The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-23
The News.


We have very important news from Nicaragua
On the 18th inst, General Walker, ct the head OF
enc thousand men, attacked the allies, four thou
sand strong, near Massaya, repulsed them, drove
Aem into the town, where the battle ragged till mid
night Meantime, large body OF Guatemaians
hesieged Granada. Receiving intelligence OF the
attack Walker Immediately marched to the relief OF
the capital. he reached the heights surrounding
De city q. ten O'Clock in the Forenoon charged up
On the enemy, drove them from their posts, cap
turing their commanders and their cannon, and
routing them completely. The allies lost eleven
hundred tnen. Walkers loss vas sixteen killed and
thirty wounded.
By the arrival of the City Of Baltimore at Phil
adelphia, and of the screw steamship North Amer
can at Quebec we have five days later advices from
Europe. In financial point Of view their contents
are i'm portant. The Bank of England has raised
es rate OF interest 10 six per cent in consequence
Of the drain on its golfers caused by the large
exports of gold to India and other quarters,
and simultaneously with this prudential measure
the Bank Of France has resolved TO grant ne dis
counts paper having more than sixty days to run
The idea that the later VIII suspend cash payments
without first resortng TO the other alternatives left TO
is simply absurd. IL has only TO carry still higher
the rate of interest TO protect itself in degree
against this abstraction of its metallic basis There
would be nothing extraordinary in its raising sue
sossivey the rate Of interest in the course of the
next twelve months, from SIX to eight, ten and
twelve per cent, and, inconvenient and embarrass-
ing as such steps would prove, they would be pro.
nctiye Of infinitely less mischief than the suspen-
SION Of its specie payments. We have an ex-
ample of similar high rates Of interest ex-
sstipg in another continental State, without
she pressure on the mercantile community being
found TOO great for endurance. However this may
be, it IL certain that the reaction OF these
measures will make our own money market stringent
Cor some time to come-that it viii drain OF our So
perfnous gold, check lmportations and throw back
On eur hands large amount Of American stocks
IL will require the utmost prudence and caution on
the part Of our merchants TO steer their way clear
through The difficulties to waicn these combined IL
Husnces are llkey 20 give rise. As they have been
apparen; TO all well informed people for months
past, IL Is to be hoped that the trading community
in general have not only been ere~arned but fore
armed
The news received via Quebec and Philadelphia
from Liverpool yesterday, was published at too late
period in the day for its effects 70 be developed on
oar markets.. The cotton market vas irregular,
with sales (beiore the publicity Of the news) OF
about 700 500 bales. Flour fell or about cents
per barrel, especially on the lower and medium
grades. There being no tow In, the supply Of wheat
WAS light and sales moderate at about the previous
DAYS quotations. The market closed firm. Germ
was stiff with limited sales of Western mixed, at
CSC. 50. Rye was firm, with sales at 90c. PORK
sold moderately, at s2l so for mess. Sugars con-
finued firm, with sales OF about 500 900 hhds-,
ss fun prices. Coffee quiet, with sales OF GOO
hays Rio, at lie. lie. The light transactions In
grain checked freight engagements, which ranged
a. Od. cad. for Liverpool, with enc bin engaged
ahead at sd. Rates otherwise we're quite steady.
Last evening the Academy Of Music was crowd
ed by one of the most respectable audiences ever
convened within that magnificent structure, to hear
an address from Gov. Robinson, Of Kansas, report
OF which will be found in another part Of TO days
paper.
The democrats had meeting at Tammany Hall
las. night, 70 ratify the ely and county ticket.
There vas, as usual bit Of a Tow, which was soon
ouellsd. and the whole ticket headed by Fernando
wood was endorsed. Edward c. West was nomina.
bed by acclamalon for the seat the bench Of the
Supreme Court, made vacan. by the resignation OF
James r. Whiting.
Our correspondent at Belize, Honduras, writing
on 2sth OF September states that the popular feeling
against Americans from the United States had OBJ
tared such height in 0moa and Truxillo that many
OF our citizens had left the mines and other fields
OF labor, in order 70 return home. Some Of them
died At Belize. The reports from the gold mines
are discoursging. Only ine sand could be found
I'm the interior. and that was scarce. Pure gold
had been discovered the coast, near Tuxillo but
the men had only made one dollar day as yet. Our
destitute sailors and land travellers suffered greatly
at Belize and a call il made the Cabinet 90 pro-
vide an aid fund The merchants Of Guatemala.
Honduras, and San Salvador are represented az be.
ine much incensed against Walker for his as-ump-
ton OF the Presidency Of Nicaragua, and vow Ms
overthrow, with the aid Of Chile and Peru. A very
uneasy state OF public feeling prevailed in Belize.
On the Rio Hopdo-north-t Indians had com
menced 10 interfere with the mahogany cutters and
chief. named Lucianno Zuc, had seized on all the
wood cut on that river, and demanded payment Of
four dollars per log for IL. The timber had been
previously bought on British account, from the Yu-
catan people, with the consent of the Mexican 60
vernmens; and u Zoe did not give way some trouble
was expected. The weather was very hot.
There was a slight skirmish in the Board Of So
pervsors last evening between the Mayor and some
Of The members, on the question Of improyidence in
payments made TO officials by that body. The sub.
ject came up on an application Of Justice Pearusn
for fifteen hundred dollars compensation for extra
services. see our report.
The onmissionefs Of Emigration met yesterday
Prom the statements Of their agents throughout the
country, IL appears there IL great demand for ser
want girls in the country towns; a fact Of consi.
derable Importance 10 that numerous class Of
help In this city. Emigration seems TO be ra
psdy ON The increase; 1l4,5e2 have already landed
!. this port this yesr, ana they now arrive at the
rate o. $500 per week
The supply Of beef cattle on iuarket yesterday
-na rnru imiled.1 7na head am. inst 1892 the