The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-06

ket was buoysnt and slight advance obtained.
Flour quiet and steady. Beef. pork and bacon
dali. Consuls closed at ssss s2s4
The new Board Of Aldermen organized yester
day. by electing Alderman Walsh President for the
present year, and -Messrs. Valentine and Smith
Clerk and Sergeant-at- Arms The annual message
Of the Mayor was received and is published in an
other column.
The first session Of the Board Of Councilmen for
the year 1868 was held at noon yesterday, when
Morgan Jones, Esq, was unanimously elected Pre-
sident. James M. Sweeny. Clerk; George Letter
man. Sergeant-at-Arms, and Thomas j. Carleton,
Doorkeeper, were re elected TO their several posi-
tions. The annual message Of his Honor the
Mayor was received; and, on motion, the reading
was suspended and the document referred TO the
Committee ON Printing. when appointed. The
Board then adjourned until Monday evening next
the 18th inst
The January term of the Court of General Ses-
sions-City Judge McCunn presiding-commence
charged for one week. in consequence of one panel
being then in session in the Court of Oyer and
Terminer. District Attorney A. Oakley Hall then
announced that his assistant Mr. Charles e. White.
head, who, during the past year, had assisted in
discharging the business of the Court of General
Sessions, was compelled to retire from that posi-
tion in consequence of its duties interfering with
his practice in the civil courts, and that Mr.. Samuel
B. Garvin, who was formerly connected with the
Court, had been appointed as the successor of Mr..
Whitehead. Judge McCunn, in reply. stated that
he heard the announcement with great regret
which was only mitigated by the intelligence that
Mr.. Garvin was to take the position which had
been so worthily filed by Mr.. Whitehead during
the past year. After transacting some business Of
an unimportant nature the Court adjourned until
eleven o'clock on Tuesday morning.
The Court of Oyer and Tcrmincr was opened
yesterday, before Judge Leonard, when the Grand
Jury-of which Robert 7. Woodward, ESQ, was
foreman-were sworn in, and briefly charged by
the Judge on the usual topics. Mr.. Hall, District
Attorney. said that the calendar was very heavy,
and would doubtless occupy the Court for some
time.
There was great jubilee Of the colored people
of this city and of noted abotionsts, last evening,
in the Cooper Institute Speeches were made by
Revs Messrs. Garnett and Cheever, and Prof.
Wilson and others.
The stock market was active and excited yesterday,
and prices all higher in tho morning. tho advance
being from to por cent on the speculative railway
shares. In the afternoon there realizing, and
tho extreme prices OF the morning not sustained
Gold rose to 1861, closing at 1S4k bid Exchange ad
vanced TO l48K 14SX. Money was easy at Q per
cent. Tho bank statement shows increase Of
in deposits sl7s7 SPECIE and s165 $40 In
,oans.
The cotton market was more active yesterday, and
prices OF mddngs up to eskc. 6eho, with sales
and resalss reported OF bales There GOOD bus
transacted in flour, which advanced SC. 10c, as
,ikcwise In wheat which was o., and corn which was
To- dearer. Large sales OF Rio coffee were reported,
and prices closed Nc. 1c. per pound higher Sugars
sought after, and were buoyant. There was
less activity in provisions and whskey which were de-
pressed. The freight market exhibited animation.
There were remarkable alterations In other oommod-
ties.
Important from the southwest-Capture
OF Murfrsssboro and vicksburg.
We have the gratifying intelligence for our
readers this morning, first, that General Rose
Grams, after desperate and sanguinary struggle
Of Eve days, has captured Murfreesboso, has
put the main rebel army Of the Southwest to
fight, and II vigorously following It up;
secondly, that "the Yankees" are In posses
sion Of vicksburg; and, in the third place, that
a splendid dash has been made from Kentucky
by body Of Union cavalry into East Tonnes
see, whereby number Of invaluable bridges
to the rebels, over otherwise difficult rivors,
and deep mountain chasms, have been destroyed
along the great Tennessee and Virginia Rail-
road, thus cutting off, at least for several
weeks, the only direct line Of communication
between Richmond and the retreating rebel
army Of Bragg in Middle Tennessee.
The Importance Of these military achieve
ments can hardly be exaggerated. The repulse
Of Bragg from Murfreesboro, if 1t has not re-
suited in the destruction, capture or dissolution
Of his army, has saved Nashville, which was
really the prize at stake in the late desperate and
protracted contest. Had Rosecrans been do
feated, not only Nashville and all its immense
military stores and supplies would have been
lost, but the tide Of war would have rolled
back upon the Ohio river, and the return Of
spring would have probably found ths re-
bells in occupation Of Louisville Nashville, In
this view, was the frst great object and expect
ed reward Of Bragg's advance to Murfressboro;
and JEFF. Davis, In his late visit to that place,
no doubt calculated upon crushing Rosecrans
with superior force. We say, therefore, that
the repulse Of this powerful rebel army of Cen
eral Bragg, which was aiming at nothing less
than the recapturc Of Nashville and the sub
jugation Of Kentucky, is, under the circum-
stances attending Il, ono Of the most fortunate
and encouraging events OF the war.
We have 90 fully heretofore explained to our