The New York herald., 1864-09-27

80" OIAs Auc60Ays Sept leOfs
THE SITUATION.
report. originating the Memphis Bulletin, which
reached by way OF Cairo yesterday TO the erec.
that Mobile had surrendered naval forces under
Farragut. created little excitement the public mind
ana produced effect in circles So far
however the not been onlcaiy conf med Many
doubts were thrown upon the rumor in Washington
YESTERDAY, when IL reached there. Other reports
such ~ that Of the capture OF General Early and
defeat OF Grants army-wers also in croula
ssca. but found no credit. The programme, how.
svce, promises the speedy capture OF Earlys
entire force the occupation OF Lyachburg the cap
cure Of Richmond together with the whole Of the army
Of General Lee Such is the .'suation. il is under.
stood In Washington The military authorities there re.
gard tho heaviest work OF crushing rebellion a. neary
0nishsd.
General Sheridan 10 not disposed 70 le& his succession
q Victories terminate wishou, . rich fruton BE Is
stu driving tho rebes with heavy loss from point to
point The Victory Fsshers Hill quickly followed
BY another a Mount jackson, from which be had driven
che sssmy without attempt their part to accept
che ssse Of battle HIS dispatches dated eleven O'Clock
Saturday oight point six miles south OF Now.
narkss, state that tho rebels then flying, bu.
0s had no cavalry to pursue them or prevent
choir fight II is sscertansd that twenty pieces OF
tilsry captured Fishers Hill, ana also eleven
huudred prisoners and large quantity OF tion
caisso,s and other material In his passage the rebel
hoapitaa ia Ali tho towra Prom Wipchestsr IN Nev
kst hiIsd with wounded men. i is said that General
BrscAsrdss has taken command Of the rebel Depart
neas of tho Southwest General Torber, who with his
cavalry orcs had gous towards Luray and defeated
shs rsesi force OF General wckham a that place and
captured several prisoners.
These facts We learn from the Official dispatches Of Mr.
Stanton; and from other have the statement
tAst General Averiu has been relieved from his com
mand greatly 10 the astoDishment OF the army.
Tho for this actisn known, but j, 10 sup
posed % arise from question TO seno ry OF rap
between Averl and rorbert The parting OF General
Averl with his oncers and most Affecting.
The Official reports from Gen. shermans department
state that the rebel Hood moving towards the Alabama
line and that large OF the rebels made
upon Atheos. Alabama. They were commanded by Gen
Forrest, eight thousand strong, with tsu guns After
nght Of two hours troops under Coonels Jsmison
and Campbell. compelled TO surrender Several
buildings burned and detachment, OF Union troops
ssot . reinforcement from Decatur, were cap
tured BY the enemy. The rebels in this dis.
uist arc commanded BY Generals Forrest, Roddy
and Wheeler, the latter OF whom 10 sad
20 have gone 70 join General Hood. AT last accounts
Forrest moving Pulaski, and heavy firing was
hoard in the direction OF supher Branch.
Tho news from the Southwest confirms the reports
chat the rebel Generals Price, Kirby Smith and Shelby
arc making determined nroads into Missouri but Gen.
erai Rosecrsns prepared to receive them. Calls 10
arms OF ths citizens Of Missouri have been issued by
Geoerals Rosecrans and Pike Price is said 70 have
snrty thousand men, and Smith, with ten ,boussnd lie
20 jon him in the central portion Of the state
Our news from the Mexican frontier to-day interest
log a. showing In detail the movements q cortna IN
his conflict with the rebel troops under Uolore Ford
II appears that the statement of the occupation OF
Brownsville BY the Mexican General true. although
the eoeuy evacuated the place for time. That the
Freoch troops who sailed from Basdad the 18th inst,
Tor Mstancros were met BY Cortina the 1tth were
repu,sed With severe loss driven back TO Bsgdsd
confirmed
MISCELLANEOUS NEws.
The gold market hbored under great excitement yea.
tsrday, and the panic Of Saturday intensified. Tne
price opened al le2 but rapidly declined 70 1876 1885,
partly under the rumor Of the surrender OF Mobile After
rapid fluctuations 10 1872 but AZ Eve O'Clock had
relapsed 70 1873 The stock market also greatly
cited and lover, with feeling Of plpc the NC
which partially subsided In the afternoon Produce
merchandise OF all descriptions declined heavily 10 sym.
pstby with gold
The continued violent fuc,ustion IN gold hs, tesotteu
1uts panic in the merchandise msssis and lmments
Losses win epsue except in The event Of speedy
coyery Of gold. In some articles which vers bought
largely some time spcs speculation, such a. cofss
ko the prevailing quotations indicate losses 70 the n
tan, of hundreds Of tnousauds ef doiars On the Coz
item Of ,osses ve are told that the leading specu
l.iors 10 compelled 70 cell now, would fink nearly Q
quite 100000 81 600 600. All kinds Of produce Dc
cped yesterday but especially COTTON, brssdsufs pre-
vissens Sc. On Change Goor declssd toc u pss oD'
wheat, 1oo I7s lower corn declined lc. . &C. oAs
dull asd lower. Porx opened dull and decidedly
lower, but closed With rather frmness Beef dul
irregular and lower Lard also dun and lover. wbhk
and frsishis dull and depressed
fhs steamship Nortn Star, from Aspipwa, arrived .
shis port yesterday afternoon. The news detailed
our Panama correspoudsot, 10 very Interesting Tro'
Peru We ssrs that preparations for bos,es were sti
prosrsssins A new Pesuvss Monitor had made bs
IN ZIP. bpl HiLA gnahsr pesf Essulhh AaAHs " u