The Sun. — 1854-10-16 (London, England)

AMERICA.  LIVERPOOL, OCT. 14. By the royal mail' steam-ship Arabia, Captain Judkins, advices have been received from New York to the sth. She has brought $869,436 and 2,6801. in sterling on freight. At the time of the Arabia's departure nothing was known at New York of the catastrophe to the Arctic. A New York paper remarks as follows on her being overdue at that port : " There was a good deal of anxious inquiry yesterday for the Arctic. The Arctic is tie steamer into which a new experiment was introduced in the furnace and boiler, and this voyage is the first with that experiment. By many knowing men it was said it would not answer, and that the experimental trip to Boston was a failure, &c. This steamer is now in its 14th day, which is unusual for so swift a steamer, but she may possibly be detained at Liverpool for repairs or alterations." Between 20 and 30 persons are supposed to have lost their lives by the sinking of the steamer Malta on the Ohio ri►er.  The first council of Roman Catholic bishps ever held in the province of New York assembled on the Ist inst. at New York.  The New York Journal of Commerce notices the reaction which was exhibiting itself in the immigration traffic. It says,— "We have noticed of late frequent departures of large companies of emigrants from this port on their return to the Old World. These occurrences seem to indicate that a reaction on the excessive emigration of past years has commenced. A vast improvement has taken place in the condition of many of the estates in Ireland since relieved of their redundant population, and which, added to the operations of wholesome laws, and the favourable yield of the grain and potato crops impart strong additional attractions to the old fleshpots.' " The new steam frigates were being actively proceeded with under the supervision of Mr. George Steers. One of these vessels, the Niagara, is to have a speedofl7 miles an hour under sail alone (i) She is to be a propeller and to carry guns of 11 inch bore, the largest calibre used in our navy. The extreme length of the Niagara will be 345 feet ; depth of hold, 31 feet ; breadth of beam, 55 feet ; draught when loaded, 22 feet 9 inches. The five remaining frigates are all to be much smaller than the Niagara, having a displacement of about 3,500 tons.  Advices from Venezuela to the 3d ult. announce that the revolution in Barguesameto had ended. General Rodisquez, the chief of the patriot army, was being taken by an escort to Caraccas, but his guard murdered him on the road. An abundant coffee crop was nearly ready for collecting. Inactivity of trade generally was still prevalent in business circles at Now York. The demand for money was rather more active, but on desirable securities there was a good supply offering at 10 to 12 per cent. for 60 to 90 days. A meeting of the New York and Newhaven Railroad Company had resulted in nothing but a stormy debate. Not much bad been done in exchange. Bills in general were very firm, and on some of the continental ports they were scarce. We quote bills on London at 9i to 10 per cent. premium ; Paris, &c., at sf. 12ic. to sf. 11c. GO days, and sf. 7c. to sf. 64c. short sight ; Antwerp, sf. 121 e. to sf. ; Amsterdam, 41i to 411; Hamburg, 36i to 36i ; Bremen, 79 to 794- ; Frankfort, 44- to 415 ; and thalers, 73i to 74. The corn-market had slightly hardened, especially for the low and medium grades, but the demand continued moderate. Flour and meal continued to decline. Grain had not undergone any material change. Iron was firmer. Freights continuo depressed. Two houses are reported to have failed at Boston, one of them being largely engaged in the Australian trade.