The New York herald., 1862-03-19

las oT1rathsr less than those Of the corresponding
week OF last year.
Tho cotton market quiet yesterday and prices
changed. No transactions OF momens were reported.
Holders were not pressing sales while quotations. In the
absence Of any movement Of Importance nominal
at 27Hc. 2Sc for mddlng upands. Flour was heavy
and fell of about l0c. per barrel for common and
medium grades, while the market more active at the
concession. Wheat was heavy and lower while sales
were limited and prices irregular Corn heavy and
prices rather easier while sales TO fair extent in
part for export, at Sc. 5sxc for Western Mixed in
store and at Soc 59lc. for do delivered yellow
was at 6sc Pork heavy with fair amount Of sales
at $13 so SIS rs for mess and at 50 rs for new
prime Sugars nrm, with sales OF at prices
given in another place Coffee quiet and quotations
nominal Freghts steady, while engagements were
moderate.
The Swelling Tide Of victory-The Cap
ture OF Ncwbern, North Carolina.
The cause Of the Union is riding proudly
onward upon the swelling waves Of victory.
Newbern, N. c., the second city in the State in
population and in commercial Importance, has
been wrested from the rebels. While we were
yet fearful that the rebel army from Manassas,
moving southward, rendered the position Of
General Burnside, near Suffolk, in the rear of
Norfolk, an exceedingly dangerous one, it sp-
pears that he was hundred miles south Of
Suffolk, driving the enemy out Of their forts,
batteries, trenches and other defences Of New
bern.
From the details Of the fight, which we re-
publish this morning, it will be seen that
while it was not terrible three days struggle
like that at Fort Donelson, in Tennessee, or Of
Pea Ridge, in Arkansas, it was still marked by
that gallant heroism of our troops, which, on
the land and on the water, ever since that sig
nifcant little victory near Somerset. Kentucky,
has defeated the enemy in every encOun-
ter. That defeat in Kentucky not only
announced to the rebels throughout the
South that their defensive line was broken be-
yond reparation, but that the prestige and the
spirit, and the elements Of victory, had passed
over to the side of the Union. Our subsequent
unbroken line of successes from Missouri to
Virginia, and thence along the seaboard to
Florida, operated, no doubt, very seriously to
discourage the rebel defenders of Newbern.
They had prepared ample means and defences
for stubborn and very bloody struggle; but
they had prepared still more carefully the ways
and means for running of. and hence they were
much more successful in their retreat than in
the battle. In fact, the sustaining spirit Of the
rebellion, from repeated defeats. is utterly bro
ken, and neither impregnable positions, nor
tiers of artillery, nor any other of the means
and devices of war, will avail jeff Davis now.
1t is all over with him and his Southern con-
federacy, and this idea seems to have hung
like a cloud over the rebel army at Newbern,
in fighting and in running away.
The artillery, small arms, ammunition and
other spoiIs of war captured in this affair will
amount to large sum; but their aggregate
value is bagatelle compared with tho
value Of Newbern as . military position. 1t
places General Burnside in the rear of Beaufort,
Morehead City, and of Fort Macon, which de-
tends the entrance from the sea to these places
The distance from Newbern to Beaufort is about
forty miles; it is passed by common highway
and q railroad, and as the country on both sides
is an impossible swamp, our possession OF these
two roads in the rear, and of the sea in 'front.'
gives to General Burnside Beaufort, Morehead
City and Fort Macon without further difficulty
Under the protecting guns of said fort lies the
rebel steamer Nashville; but now her only
chance is dash for the open sea, for otherwise
her capture or destruction where she lies will
be the end of her piratical career.
Fort Macon is one Of those regular and costly
casemated works Of solid masonry like Fort
Sumter) the recovery of which President Lin
coin, in April last, declared to be one of tho
principal objects of this war. 1t is piece of
United States property seized by the rebels
but recovered perhaps, ere this, by the Burnside
expedition. With its reoccupation by the old
flag, instead of having any longer to watch the
entrance to Beaufort by our blockading vessels,
that deep and desirable harbor will become a
place of shelter for our ships of all classes, and
amply protected against piratical cruisers by
Fort Macon and a single gunboat. Another of
those old government works, Fort Clinch, at
Fernandina, Florida, was recovered by the Du-
pont expedition the other day. Fort Pulaski,
near Savannah, being completely invested, we
next expect to hear has been given up to it's
rightful owner. Fort Sumter and Charleston
will probably be reserved for the crowning
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