The New York herald., 1862-01-16

heaviest receipts ever known. The total receipt
of all live stock was as folows-3 ,66s beeves l23
cows, 3l4 veals, 6,293 sheep and lambs, and 46,7l3
swine.
The foreign news received yesterday by the Arabia
had favorable influence upon the cotton market Hold
asked cent per pound advance over previous cur
rent quotations. while sales quite limited, owing
degree the absence Of spinners with other pur
chasers, kept off by the extreme inclemency OK ths
weather The stock here is very light and supposed h
to exceed much 900 bales OF available cotton Ih'
stock Of American in Liverpool the 2Ith OF December
1861 from the circular Of the Liverpool Broker
Association Price Current was 2l625o bales, against
403, ,434 the same time in 1860 Since the 9th ut
sales have been active reaching during the week RE
ceding the sailing OF the Arabia 900 bales Allowing
that duo proportion Of the sales have been made for
export the 9th ut. ncludng parcels 70 the
United states) and for oonsumpto6f it is fair to re-
sumo that by this time the stock Of American
cotton in Liverpool does not exceed 10000 bass.
At . minimum weekly sxbort and consumpnve
demand of so 900 bales per week ths consumption sbne
having averaged 1860 Al 900 per ws,k), it viii bs
ussd about nte weeks But suppose we reduce he
ACTUAL consumption down to 10000 per week, this will
only give supply OF eight weeks from this dts
and which win expire by the middle Of March or the lst
Of April farthsst On the 9th ultmo the stock Of
East India cotton In Liverpool embraced bales
and the supplies from all other countries amounted 70
~ 100 bales. It must be remembered, however, shas
the weight Of these bales the average fun oashird
less and half less than tho American,
and that to spin ndia cotton successfully requires sd
MIXTURE Of American. Hence it may readily be supos
cd that the stock Of all kinds Liverpool cannot, With
any certainty 90 beyond period OF three months TO
three and q half months supply from this date Inc
-four market heavy under the foreign news and foil
OF SC. per bbl Wheat and corn, were both dull and
closed at easier rates Pork was in fair request and
prices unchanged Sales Of s6aars embraced sa7 Ahds
and $50 bags and 900 bags Of Rio coffee were sold
Frsshts were steady, and engagements were moderate
owing OF the Trent Settlement-Ths
Peace Reaction In England.
Our news from England by the steamer Ara
bia, which we publish this morning, is Of the
most encouraging character in reference to the
expected psaceable settlement of the Trent
difficulty.
The steamers Hansa and Glasgow, which left
this port on the 21st of December, had arrived
out on the Sd instant, and the Arabs, which
sailed from Liverpool on the next day, and
Queenstown on the following day, reports
that in the brief interval of twenty-four
hours, and in consequence of the news
from the United States, consols had ad-
vanced to tho quotations current before
the Trent affair; that there had beer con-
siderable advance in cotton, and thst it was
still advancing that there was decline in
breadstuffs and provisions, and that here was
strong conviction prevailing in England that
the steamship Europa, due at the departure
Mason-Slidell affair.
Here we have the most, satisfactory proofs
of decisive peace reaction in England, and
upon the expectation only of pacHc solution
Of the Trent affair. But why this onfidence in
pacific settlement? We think th& it may be
readily explained The Hansa 'aid Glasgow
took out the New YORK HERALD Of the 2lst
ultimo, the leading editorial srti.le Of which
distinctly and specifically foresladowed the
surrender of Mason and 6idell back to the
|--.--A.-- r r.i.' - -a.; ".-+o-.-
explanation to the British government touching
the seizure and detention Of those rebel emissa-
ries. Our anticipations of this adjustment
were so pointedly set forth that the intelligent
European reader could hardly fail to accept
them as coming from some positive and unques-
tionable source of authority.
That this positive peace editorial of the
HERALD was calculated to produce reaction
in England we have every reason to believe !;
and this good effect was all the more probable
in view of the fact that this journal had been
so industriously misrepresented by It's enemies
at home and abroad as to be regarded in
England as the "raw head and bloody bones"
of an implacable American mob, intent, above
all things and at all hazards, upon awar with
England. We may we'll imagine, therefore, the
effect upon the English reader Of leading
article in the HERALD broadly foresladowing
and fully endorsing the pacific adjustment
of this Trent affair upon the basis Of Earl Rus
sed's ultimatum, and yet in full accord with
our own doctrines of neutral maritime rights.
The complete effect of the reaction produced
in England by the news of the Hana and Glas-
gov had not been developed bebre the de-
parture of the Arabia. Our next steamer from
the other side will doubtless bring US much
fuller evidence Of the satisfaction of he English
people from their confident anticip,tions of
new lease of peace with the United Safes. We
dare say that we shall thus have good cause
before long to congratulate Captdn Wilkes
and the American people upon an act which
will have resulted in an honest neutrality on
the part of England. and a cordial sympathy
for our good cause throughout the European
continent which otherwise we mirht have
never secured.
In the news by the Arabia we think we have
sufficient evidence Of the public opinion of Eng
land to show that the great body of the people
of that nation have never sympathized with the
belligerent proclivities Of Lords Palmerston
and Russell in reference to this country, and
that the British Cabinet and aristocracy hence
forward to the end of this rebellion viii cease
to trihe with the important peaceful relations
renewed between the two governmental