The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-08

Our Geographic dispatches from the principal
grain depots on the lakes show that very exten
sive movement in breadstuffs is going on. $50 900
bushels of wheat, 50 900 Bushels of corn and 900
bushels of barley arrived yesterday at Oswego alone
At other points the receipts were corresponding,y
large. We may look for immense receipts of grain
between the present time and the close Of canal
navigation, and also for important reduction in
prices.
At Charleston yesterday cotton declined &c. 2ac.
from the highest prices of the previous day. There
were 60 sales of cotton at New Orleans on ruesday,
and business generally was at stand, partly. how
ever, on account Of Indictment weather.
The receipts Of beef cattle last week amounted to
3,ll2 bead, falling of OF SAT head as compared
with The receipts of the week previous. The offer
ings of the week were nearly all of common and
ordinary quality, aud the supply being am ple
prices declined trie, SC. ii being the range of
quotations. The better qualities of stock, of which
there were but few, readily brought llsc. l2c.
Cows and calves were in moderate de napd, at I'M
changed rates. The receipts Of veal calves were
somewhat lighter and previous rates were fully
maintained The ruling prices were Sc. Sc. There
was an active demand tor sheep and lambs, but at
no change in rates. Swine were in request at &c.
a 79c. per pound.
there were no sales OF cotton yesterday Of moment,
while ANAL shipments continued to be made on o~ners
account. superhne branos Of S ale and We Tern nour
wi'hsut change Of moment In price nbs far to
good grades Of extra nrmer, with 81 e.
Wheat was scarce for prime TO choice o 81 southern,
with rses Of bite at 81 30 . ~ SIX, and red do .,
81 20 s$sb Western wheat la light stock without
salts, and nominal Canada white sold NJ 81 S. Corn
wss sod e9c 70a for mixed. and Ut 49, for small
lois Of choice Southern white Pork was Ill and 10 YER
with OF st s22 Is t22 80 prims at SIT rs
About ESQ hhds sugars were sola At pnoes stated
snohsr column Coffee quiet Fre'ghts were some
what lon active, bu. with OF moment in rates
MIR. Buchau ans Administration and the Inn
padding Revolution In sarties and Party
Platforms
The present financial revulsion is destined to
bring about a comprehensive revolution in the
political parties OF the country and their party
platforms. The niger agitation is overwhelmed
by the financial difficulties which confront us at
every point; and the remedies Tor deprecated
stocks, broken banks, bankrupt spectators, mer-
camille failures and the disastrous loss of conf
dence as between man aud man, become now
the paramount question. When our business
men Of all sorts are debating between an assign
ment or ruipous losses 10 maintain their footing
bleeding Kansas," Dfed Scott and Uncle Tom
must stand aside. Niger philanthropy cannot
hold water in the midst of financial crisis like
this; and hence We conclude that this crisis in
the monetary and commercial affairs of the
country will inevitably work out great revolu-
tion in the political parties and party politics Of
the dsy.
In tits connection the administration Of Mr..
BucbaDar looms up into bold relief II occupies
o commanding postios; il has secured, to an IN.
usual degree IN thsse latter times, the confidence
OF all sections Of the coaatry, and of
the frest body Of the people, OF all classes and
all parties The conservative views of Mr. Blu
cbanan's inaugural, the eminently conservative
composition OF his Cabinet aud the temperate,
Just and consistent course, foreign and domestic
which be has thus TAR pursued, have placed him
in the confidence Of the country far beyond any
of his predecessors since the days Of Gen. Jack
son. We, TOO are among those eho believe that
be If not only competent TO prevent mischief
bloodsbed aud confusion upon the niger quee-
ton bat able TO DO something Of positive good
II
revulson, and in re-es sblishing The foancial ard
commercial interests Of the country upon sound
tr and more permanent foundations and princi-
pies than any within our past experience
TIE sub Treasury Is good Institution a.
great financial balance wheel, as far as II goes;
but IN the miost of general financial derapgc-
ment, and with failures ard suspt n1ions on every
hand as The order Of the day, something more
than the sub Treasury will lie expected from tue
general government. PROFESSIONALLY, some
thing more Sill be expected of Mr.. Buchanan.
A judicious Bankrupt Law, and a modia-
cation Of The tariff. including more
marked incidental protection to home
manufactures than that Of the Law OF As, aud It's
amendments are among the relieving measures
which, in this connection. will fret suggest them
sclves TO the political &C Dnomisk Surrounded by
the mon manufactures Of Pc1as, lviois. Mr..
Buchatan, ss the representative ID Congress OF
the peculiar interests Of that State, was always
we b, lieve something Of q protectionist. But
now, with the iron interest Of the Union coversg
twenty times the capital aud labor which ID
commanded when Mr. Buchanan was member
Of the United States Senate, and with our hume
rous cotton factories, North and South, threat
ened with bankruptcy from the high price which
the raw material commands In Eoglaod, and
from the low prices Of English cotton goods Ia
our own markets, little more Incidental protec-
ton to our irun and cotton Interests in the modi
ecatiou Of our revenue laws, would undoubtedly
afford a large margin OF immediate relief to our
manu- sc,uripg and working classes
TIE Bankrupt law Of 1871 was rather loose
and bungng affair, and big rogues and little
ones slipped through Its convenient mesoes with.
ou' difficulty bu, general Bankrupt Law might