The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-12
TRIPLE SHEET.
New York, Thursday, May IL, 1850.
The Gews.

Inc NtwSs
The kangaroo and Persia, from Liverpool on the
9th aud S0th ults respectively, reached this port
yesterday morning. Our files contain the details of
the important war news telegraphed from Quebec
and ST. Johns. All doubts of the passage of the
Ticino by the Austrian troops at end as the
organ Of Lord Derby in London acknowledged, at
the last moment, that one hundred and twenty
three thousand of them had passed that river
-Four thousand workmen we're in advance of the
French army of the Alps, engaged in clearing the
way for the soldiers as the first division expert
enced little difficulty in crossing Mount Gents, in
their march to the grand rendezvous at Souza on the
Italian side Of the mountains. 1t was thought that
the Austrians would endeavor to engage and crush,
by superior numbers the Sandman army before the
French force had united with it. The revolution in
Tuscany was complete, and the Archduke had fed
from the capital. The people Of that State, with
those Of Parma and MOdena, had declared for
France and Piedmont. The proof OF The actual ex-
lstence OF two secret treaties, recently concluded
between Russia and France, produced the utmost
Excitement ia England aud other countries wishing
to enjoy neutrality. Russia was TO make a sort
Of" moral force demonstration, easily convertible
into an active one il necessary i'll support of France
The report Of the debates in the French Legisla-
ture on the new loan and the increase of the army
given elsewhere, will be found very interesting, as
will the copies Of the most important Of the various
State papers which publish, together with let
ters from our correspondents in Paris, Berlin and
London.
The effect Of the war news by the Kangaroo and
Persia on commerce and financial affairs continued
to be felt yesterday. Both Continental and London
fba Of
steamer, was quiet and nominal, but very firm, and
especially so for the former sale of guilders
was made at AZ net. Private letters received from
houses in Liverpool stated that, in case indications
were strengthened, the war, should it occur
would be confined to Italy or to the Continent, aud
England stand aloof reduction might be expect
ed in cotton and other products.
The Persia brought out adyices countermanding
some orders for the shipment of produce TO the
North Sea until affairs the Continent could
become more definitely settled. Up to within the
latter part of April cotton was sustained with con-
fidence in our market, and its value was not
seriously influenced either in Liverpool or on this
side by rumors Of war, balanced as they were by
reports of the early convention Of a Congress for
the adjustment of differences. But when it became
known that Austria had refused to Join the Congress
on terms proposed by the other Powers, coupled with
the rumors Of q Franco-Russian alliance and that
the Austrians had crossed the Tcino, the market
FOR The first time during the season, both in Liver
pool and here, became seriously depressed. The
late condition Of the foreign market has been re-
sponded to in all the ports Of the Union, anl f1E
the time sales to great extent have been sus.
pended. And this, notwithstanding the falling of
IN receipts, the Of FROST injurious rains
and floods which in former seasons would have
wrought a decided influence on the market, is
now disregarded.
The receipts of cotton at the ports are only 49,.
600 bales in excess Of 1866, the largest crop year
Of the country previous to the present The ex.
ports to Great Britain are only 1900 bales over
those for the time in 1856; and TO France Co.
600 bales less and to other foreign ports IL 900 in
crease, showing net total increase Of only 80 600
bales The total exports amounted to 2 i5l 900
bales, and the total receipts to ,j02 900 bales
fortunate feature in the trade is. that 80 LARGE
portion of the crop has been forwarded to Eurone
before the war cloud reached IT. cri,js. Had oc
CURED few months earlier it would have made an
immense difference in tie receipts Of the c,rntrv.
The speculative fever in -four was greater tian
ever yesterday, and with sales of over 10000 bar.
barrel, and in some cases even more Wheat ed
vanced from sc. to l0c. per bushel, and closed firm
Choice Kentucky, if it had been offered, wcul
probably have brought from 81 to g o.
or Q trihe more. Corn was firm, wit
sales Of good yellow at 9Sc. and soc
Pork was frmer: prime mess at ZIG 50 q sl725;
thin mess at SIG 2j q :lG So and prime at sl3
sl3 so; new mess at SIC 25 81 closing at the latter
figure. Beef and lard were frmer and IN GOOD de-
mand. ougass were quite steady, bu, owing TO the
storm sales were limited. Coffee was nrn. with
small ,oles. Freight engagements were moderate.
but a: teady rates.
We ave news from Ceylon dated at Colombo on
the 2ni, If March. The Observer Of that dag savs.
During Tire last fortnight eight vessels have sailed
with coffee, the proportions exported being
FOG ,l56 eHts. plantation, and l37,3o7 cwts. ma
tive, making a total of 3i3 ,463 Six Of the
above ves.cls are bound for London. The ces.
saton Of demand for native coffee continues,
end the article has, during the past fort
night. been on offer to small extent at 35s. and
los per cwt, unpicked and undried, with the con
tHioA alat tie black, brown, &C., coffee and gravel