The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-24

heavy for gil grades exoeps for choice lots OF
5ou,hsrp; Illinois old winter red sold ., 81 ~, red
Tennessee 81 81 co. fair Southern white al 81 20 choice
do at 81 so fair white Oslo 81 81 20 Corn
carter and Western mixed .old Al sac Soc Pork was
firm, with sales Of at s2S 76 S2s s1 and in retail
los at s26 and q! so for prime. Sugars without
change OF moment The sAes embrace about 200 oco
hhds and SEQ foxes, including portion of Cuba 70. ex
port cofse quiet sws,, pg the pubic Freghu
were without change, while engagements were light
News from the Telegraph squsdson-.Proos-
bic Arrival or the TeIsgrsPhio spaT.S from
Europe.
The Anglo Saxon, which arrived at Quebec
yesterday, briggs us very satisfactory news from
the transatlantic telegraph expedition. 1t APP
pears that the squadron did not finally leave
VaeDtia harbor till the evening" Of the 9TH inst.
Deepstchos to four o'clock o. the afternoon OF
the 10th instant had been received FROM the Mia
CARA, at which time she roS three hundred miles on
her 'rcp. Gad eas then poTag ola thc cable a, he
rate Of fee mites pr hour. All was working we'll
ard the future locked highly encouraging.
The distance across the ocean along the line
which the expedition Will follow is about $40
miles-ssy l70O miles for deviations from the
straight Gue-snd it Is calculated by persons 10
the confidence OF the company that they will
accomplish this defiance in twenty days-thst is TO
say, that they viii travel at the rate Of three or
three and half miles an hour, including stop
pages Tor accidents, &c. The frat three hundred
miles, according TO The news by the Auglo-
Saxon, was accomplished at an average rate of a
little over ioar miles an hour and We now learn
that the Niagara was proceeding at the last
accounts at the rate OF five miles per hour.
We believe that the expeditions which laid
the Mediterranean, British Channel, and New
foupd,and cables did not find such high rate
of speed as this attaiuable: the Mediterranean ex-
petition Is not believed to have averaged over
two miles al hour; but, doubtless, allowance must
be made for the completeness of this expedition,
the high character Of the vessels engaged, and
the fair weather which II is reasonable to PIE
sumo they have had hitherto, and 10 hope they
may enjoy throughout The opinion that has
been expressed by the friends Of the company has
not been lightly formed, or adopted without the
very best counsel
This is the twenty fourth Of August. Should
the expedition, therefore, perform the voy-
age within the time indicated 10y the success of
the three first days, il is possible that we
may hear of the landing of the cable tonight.
If the expedition should arrive at Trinity Bay be-
fore :. A. NJ. tomorrow morning, to-mOzrow's
HERALD would contain news from all parts of
Europe up 10 this evening, and possibly up 10
to morrow morning-as the difference in time
viii enable Us TO print in our morning edition the
European news up 10 4. N. OF the day on which
our paper appears
We have read with some attention The argu-
ments Of several London journals against the
OF laying the cable. None Of them
appear 10 he so well founded az to Justify serious
apprehension. AS to the reversing of the coils
Of wire in the two portions which were made at
different factories, this is admitted 10y engineers
to constitute no serious basis Tor alarm The
danger Of kinhing Of course exists; bat when the
stupendous preparations which have been made to
obyia.c such accidents borne in mind, this will
appear really very small; and even break would
only cause few hours delay. 1t must be we'll
remembered that the portion or thc cable which
is at any given moment exposed TO injury IL very
short in proportion to the whole length. That
part which Is on board the ship is beyond the
reach Of harm, and that other part which LEE
on the bottom of the ocean is safer still; thus
the only part which can kinli, or snap, or
be broken by a fish, or be injured in auy
way, il the few fathoms which hang over
the ships stern, a. the whole Is being paid out.
With mere ordinary good fortune no serious mis-
hap need be apprehended.
We have oil Of MS talked and thought so much
about this transatlantic cable, and IL dangers
and IL prospects and It's grand results, that now
utat Il actually approaches realization it is not
easy 10 destroy the old, vague, distant, shadowy
vision that VIC have nursed 80 long. and substi-
tutc FOX il a real palpablc, practical fact. After
dwelling on the scheme a. the public have douc
for two OF three yeais, they are really further
from realizing the reality than they were at first
and The first Geographic message that We receive
from Europe Will produce . shock even more
startling than il would have done lad The line
been carried into eject Two years ago. As u &C
neral rule, il II likely that the bulk Of this COM
munity are iLcredulous as 10 the success Of the
enterprise; IL seems 20 grand so gigantic a
NDdAt 90 tiA isi8lNf ~ - WI kpVO
TO he tr1ic people have read and heard, too, Of
60 many accidents happening to teleraphic Ca
bles that il seems safe 10 withhold belief for the
present. This sort Of reasoning Is conmoo among
a very large class Of people here. 1t will en-
haLcc The excitement which the iirsl message
from Queen Victoria viii create.
Looking back, over The long list Of great dis.
the present age, one fails to find parallel, or
anything like parallel TO this transatlantic tele.
graph. The steam engine, steamers, locomo.
tiyos, all fought their way into favor by SLOW de-
gees Fulton's steamer called successfully ten
years before the world appreciated the invention:
there vas locomotive built in tic United States
nearly twenty Years before they were invented in
rnciand The invention for tho Torn, .ut,