The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-22

The News.

The News.
By the arrival yesterday of the steamship North
ern Light at this port, and the North Briton al
Quebec, we have news from Europe TO the sth inst
four days later than previous accounts. The poll
teal intelligence is unimportsnt The financial and
commercial news, however is very interesting. The
Liverpool cotton market was buoyant, and an ad-
vance in prices reported. The breadstufs market
reports are also favorable, with an Improvement in
-four Of sixpence per barrel There an increase
of ease in the London money market Consols on
the 7th closed at 96i a 96I for money, and 81 for
account-an advance of quarter her cent. In
American securities there was little doing. and
prices were steady.
The stoppage of signals through the Atlantic
cable was announced in the London papers on the
eth inst in letter from the Secretary of the Com
pany. The letter states that Ineligible signals
failed to be received from Newfoundland at one
O'Clock on the morning Of the Sd, from some IN
known cause. The directors and a corps Of scien-
tifc and practical electricians were at Valentia,
with the view If possible to remedy the difficulty.
90 the receipt Of the news the shares of the stock
of the company Immediately became quite nominal,
the only price named being GOO to $500 sterling,
without any operations. The par value Of
from the American end Of the cable are somewhat
similar to those received from vsentis. They do
not, however, agree in several particulars. 1t is
believed however, that the difficulty, Whatever il
may be. can be overcome, and that the line viii
shortly be in working order. At all events, the
general sentiment on both sides Of the Atlantic is
very decided that as one cable has been success
fully laid and successfully worked, other cables can
and should be put down, so that temporary acct
dent 20 any one Of them may not stop communica.
tion between the two continents.
The Board Of Counclmen met last evening. An
important communication was received from the
Street Commissioner, but for some reason il wa
passed over without any action upon II on the part
Of the Board. The document developes the facts
concerning certain alleged defslcatons in the Blu
reau Of Assessments during the term Of Office o
Joseph r. Taylor. The amount involved is upwards
OF 100000. The paper alluded TO is given in our
report Of the proceedings, published in another Co
lumn. The Corporation Counsel was instructed to
state why the injunction obtained by the Williams
burg Ferry Company restraining the Common
Council from ordering the advertising Of the lease
Of Peck slip for ferry was permitted TO go by de-
fault. A resolution proposed by Mr. Dunn, pro-
posing the appropriation Of $4,000 for the repair
OF the roads Of the city, referred 10 the Com
mittee on Roads Mr. Brady offered a resolution
directing the Corporation Counsel to answer the
order Of the Court restraining the Common Council
from acting on paper from the Aldermen relative
10 the repeal Of an ordinance prohibiting steam be
low Fortysecond street. and TO have the injunction
removed forthwith II possible.
The Board OF Supervisors held q meeting last
evening. A communication was received from
the Mayor, nominating Andrew u. Mckle. Philip
w. Engs and Abraham NJ. Cozzens a. Commission.
err for building the new City Hall II was referred
10 Committee on City Hall. In answer 10 a resolu.
ton Of the Board the Comptroller sent in o state.
meni showing that the sum Of 81 .32e 50 had been
paid on judgments against the Corporation for ser.
vices rendered IN cleaning and taking charge Of
station houses from lst May TO lat August, 1857.
AMER transactng considerable routine business the
Board adjourned 90 Tuesday next
The Board Of Ten Governors held their regular
meeting yesterday. The salary Of the Superinten.
dent Of the Island Hospital increased 70 " per
day, his deputy TO o. and the salary Of Major
Hurker, superintendent Of the Peniientiary Exten-
Eion 70 o.. The institutions have now population
SIT persons increase Of 3G over the previous
week, and Of Gas over the previous year The Pre-.
sident and Secretary authorized TO draw their
checks for two sums Of s25 900 each for the sup.
port Of the department After the transaction Of
other unimportant routine .business the Board al.
iourned
The democratic factions Of the Second Congress.
sionsl district Of New York held their nominating
conventions yesterday. The Bradley, or soft or.
panization, re-nominatcd Hon. George Taylor, the
present representative, by reclamation. The Van
derbilt, or hard faction, nominated Edwin c. Itch
field on the first regular ballot. The ballotting
stood % for Litchfed and % for James H. Hut
chins. The Republican Convention o. the Second
district met last evening, and after referring the
question Of the contested seats TO q committee, cd.
Journed til the llth Of October without making q
nomination. The most prominent candidates are
Police Commissioner strsnahan. Gen. n. b. Duryea
and r. G. Underhal
There was not much business transacted in Me
Court OF General Sessions yesterday. Frederick
Hin pleaded guilty 10 stealing $50 worth Of pro.
perry from Jas w. wallack, and was sent 10
fhe State prison for two years. James Peterson.
charged with stealing t44l worth Of iewelry. the
property Of George Brodie, pleaded guilty 10 an
attempt Al grand larceny, and was remanded for
sentence, Gustavus Ludwig indicted for an al
tempt At arson In the first degree in firing the
dwelling house Of Henry Miller, pleaded guilty 10
an attempt 10 commit the fourth grade Of that
oHence, which plea was accepted by the District
Attorney. lie was remanded for sentence by the
~ 9pags, The Grand JWy came lai0 court with