The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-11

The polit ca v from Chile Is unimportaut,
the country cont runs to enjoy the greatest tran
guilty. A treaty peace had been made with
the Indians Several veins Of nickel had been dis.
covered in hs esert OF Atacsma, situated in
the province OF Copiapa. This is the first
discovery Il he kind ever made In Chile. new
line Of steamers to England and railroad to unite
Chile W tn tn, La Plata provinces, crossing the
mighty Andes, are spoken Of, and there is every
probability Of their being realized. The proprietor
Is Mr.. Wheelwright, an American gentleman, who
has already done 20 much to develope the re-
sources and promote the material prosperity of
Chile.
Bolivia continues her warlke preparations
against Peru, and orders to assemble the National
Guard have been issued. Martial enthusiasm Is at
boiling point.
The Peruvians, on the other hand, are very
strongly opposed 10 President Csstillas war policy.
and misunderstanding has, in consequence
grown up between that parsonage and the Vice
President. Should Castillo persist, the probability
is he will be driven from his Office and perhaps
baDished the country. Efforts were being made to
induce European immigration, with view to the
culture Of cotton; but 1t was thought the project
would fail.
Ecuador Is still in state of anarchy, which will
continue as long as General Franco remains in the
country.
Dates from Buenos Ayres to March Is bring in
telligence of the formation of President Derqui's
ministry. He was installed in Office on the 9th.
General Urquizas farewell speech is spoken of
highly.
In Central America all the States were tranquil.
The election for President in Costa Rica had
passed of quietly From the returns received
it is supposed that Mr. Montealegrete, the present
head of the provisional government, has been elect
ed. The Congress Of Nicaragua have voted
sword to Com. Hiram Paulding, for his services in
breaking up Walkers expedition.
On the Isthmus the great event was the arrival
Of the Powhatan at Panama, with the Japanese
Embassy on board.
Accounts from Bogota state that the obnoxious
Election law of New Grenada will probably be
modified. TIE news had pacific effect on the dis.
affected States Mr. wyke, late British Minister to
Central America, had taken his departure for Eng
land.
Cotton was tolerabIy active yesterday and the sales
braced aoou, 5000 bales closing with . firm feeling
the basis OF 1880 1lh1c. for middliDg upards The
quotation for the class Of cotton Ia yesterdays &C.
neral notice, vt llAc., was accidental The re-
ceips at the ports since the 1st o. Ssp-
TENDER last have reashei 4,2i3O0o bales, against
1896 eco Last year. The total exports In the time
have reached oto biles ssanst 900 last year.
The stock hand amounts to $4,000 bales,
against 4e last year. Taking the stocks both In this
country md Liverpool at ists advoes, and making be
raj allowances for the supplies in the interior TO
fer sard, apd then put against this aggregate the
sumpve wants Of Great Britain and the North Of Europe
with Increased demand from the repeal OF
the usea combined with the Of spinners
70 the end Of the cotton year. and solid
reason, beyond unexpected political financial convu
sons which seriously effect the prices Of this staple
TO the end Of the season. though the crop Is known
70 be the largest before made in the his
tory Of the country. II shows that consumption
overaksn production, closely absorb such
immense crop as high prices And should the world keep
u peace, Ne demand for cotton suffer diminuton
supplies from this standard Of production without
hanoement Of prices mo subject important, but want
Of space forbids pursuing further. we understand
purchases Of The lower and cheaper grades Of cot
being made on French account, 70 introduce In
anticipation Of the abolition the duty the LIST July next
and which ID Intended, supposed, 70 take tho place
Of East India suts In the manufacture Of French goods
The duty TO be taken Cd cotton amounts about &c. per
h. about IS per bale. Tho -four market
changed yesterday whi sales were fair. Wheat was in
fair request and rather rmer Corn I'm better
demand and prices nrmer Pork In steady 70.
prime 1t sN ga l2H Sugars wore steady with sales
Freishts were firm, and with fair amount OF engage
menis, ct full rates, for Liverpool
The Nominations at Baltimore-Atti-