The New York herald., 1862-08-11

New York. Monday, August IL, 1854.
THE SITUATION.
Rumors were rife in Washington yesterday-and
were the source of considerable excitement-that
battle was progressing between Culpepper Court
House and the Rapidan river. 1t having been
known that General jackson had crossed the Rapi
dan river to check Generals Sigel and Banks, the
anxiety was all the greater.
Heavy skirmishing took place on the afternoon of
Saturday. 1t turns out that serious action oc-
CURED. The forces of Generals Banks, Pope and
Mcdowell were engaged with the rebels, under
6tonewall jackson, near Cedar Mountain. The
6ghs continued for several hours, and the loss on
each side was said to amount 10 nearly 5000 killed
wounded and missing.
Again we have intelligence Of the destruction Of
the rebel ram Arkansas. This time the news comes
from rebel sources exclusively. Tie Petersburg
Va Express of Friday says. that q des-
oatch from General Van Dorm to Mr. Nal
tory. the rebel Secretary of the Navy
states that the ram Arkansas, Lieutenant Ste-
phens commanding, had been destroyed. The
substance of the despatch is that she left yicks-
burg on Monday to cooperate in the attack on
machinery became disabled, and while attempting
TO adjust 1t several of the enemy's gunboats at
tackled her. After q gallant resistance she was
abandoned and blown up. Her officers and men
reached the shore In safety.
despatch from Brigadier General Schofeld to
General Halleck, dated at st. Louis on the 10th
instant, states that Colonel MCNEIL, with one
thousand men, had beaten Porter's forces-two
thousand Eve hundred strong--at Kirksville, on
the 7th. and again near Stockton on the 9th
Instant. Porter's forces were said to be terribly
demoralized.
Our correspondence from New Orleans, Key
West and the Gulf to-day contains . good deal of
interesting news to which we direct the attention
of our readers.
Ia the details of the news from Europe by the
Scotia, which we publish elsewhere, are some
interesting points relative to the American ques-
tion. Among others is the announcement that forty
merchants and shipowners Of Liverpool memorial
zed Earl Russell relative to the alleged violation of
international law by the federal cruisers in the
Bahama waters, and that Lord Russell replied,
through Mr.. Layard, justifying the proceedings Of
the cruisers, owing to the practice of sending ves-
sells TO the Bahamas for the purpose Of running the
blockade. He recommended strict attention to
the Queens neutrality proclamation, which pro-
hibits British subjects aiding either side in our
present struggle.
IL is asserted by the Independence Beige that
France, Russia and England are negotiating. The
two former have made propositions to England,
that England has sent special envoy to Washing
ton TO urge President Lincoln to take the initiative
towards peace If he wishes to avoid offers of me-
dation. II is hardly necessary to say that these
rumors have no solid foundation.
MISCELLANEOUS NEws.
The telegraphic details Of the European news
by the Scotia, dated to the Sd of August, are pub
ished in the HERALD this morning. Our summary,
given Sunday contained the points Of the finan-
cial and commercial intelligence. The Liverpool
cotton market was reported by the Jura. On the
I'd instant the quotations were unchanged
Breadstuiis were firm and steady. Consols closed
IN London on the "a instant st 93s6 q 93A for
money.
We have advices from Buenos Ayres to the 14th
u June; but they are Of no Importance. The chief
article brought into the country from the United
States IL lumber OF this 440 900 feet have arrived
'ately, and the prices well maintained The
asua rate IL for good pine, $40 Spanish, on board
snd spruce pine, $50 so q s37. Dry hides have
been sold for t3 rials, silver, for United States
There ia little exchange Of WOOL and prices remain
about as usual The whole country Is at peace, /
and there Ia very little danger Of its being dis.
surbed for some time TO come.
Z The United States gunboat Come cticut, from
New Orleans 3Oth ult., arrived at this port yester.
lay, bringing the mails from that city and papers,
Also the mails and dispatches from the coast block.
lding feet The steamer Ceres, Captain Mitchell,
n the employ of the federal government, arrived
1t New Orleans on the 10Th from vicksburg, hav.
ing left the feet near that city. On the 22d ult.
phe was sent 10 point twelve miles below vicks.
burg with four hundred negroes lately In the EN-.
bloy Of the government. After landing them, and
shis returning to visksburg. shs wss fred upon