The Liverpool Standard and General Commercial Advertiser. — 1851-10-14 (Liverpool, Merseyside, England)

THE LIVERPOOL STANDARD, TUESDAY, OCTOBER 14, 1851.  ARRIVAL OF THE EUROPA,  By the arrival, on Saturday night, of the British and North American Royal Mail steam-ship Europa, Captain Lott, we are in receipt of our usual letters and papers from New York to the 30th ult. inclusive ; and by telegraph via Halifax, we have commercial intelligence down to the evening of the 2d instant. The Europa left Boston on the Ist instant, at noon, arrived at Halifax shortly before midnight on the 2d, and after taking on board the rest of her mails and dispatches, sailed tor Europe. She brines 51 passengers, only 10,400 dollars in specie, a fair general cargo, and the mails from the United States and the British provinces. The political news is exceedingly meagre, and, excepting the announcement by magnetic telegraph from Toronto of the resignation of the Canadian Cabinet, there is no incident whatever worthy of special reference. But the commercial intelligence is of a far different character, and of paramount importance in relation to the interests of European merchants. In consequence of the large exportations of gold to Europe—amounting to nearly the whole of the produce received at New York from California—the pressure on the money-market has been so great, and operations so " tight," that a complete panic had ensued, which, however, in some degree had been relieved, just previous to the sailing of the Europa, by the receipt of a large amount of exchange bills from the south, drawn upon the strength of cotton exports to this country. Still the rates of exchange were very high ; sterling being quoted as high as 1104 to 1104, and Continental paper in proportion. The American vessels which had been sent in search of Sir John Franklin's Arctic expedition, had returned,— one, the brig Advance, having reached New York on Tuesday, the 30th ultimo, and the other, the Rescue, being hourly expected. They had seen no traces of Sir John Franklin. The men were all in good health, and no life was lost. The persons charged with the anti-slavery riot in Pennsylvania had been committed for trial for murder and high treason, and undergone their first examination. A number of literary men had held a meeting in the City-hall, at New York, for the purpose of adopting measures to pay proper regard to the memory of the late J. Fenimore Cooper. The newspapers throughout the union are more or less occupied with the dress reform—or Bloomerism. The adoption of the costume was getting so general as to excite neither surprise nor ridicule.  From South America we learn that the small number of factions who raised the standard of revolt in the northern provinces of New Granda had been completely defeated by a body of militia, and order and tranquillity were restored. The following is the telegraphic dispatch from New York to Halifax, 2d Oct., 1851, p.m. :—" Much excitement existed yesterday in consequence of banks and money brokers refusing redemption of country bank notes, heretofore negotiable. To-day the panic has somewhat subsided. The screw-steamer Glasgow arrived here early yesterday morning. The news by the Canada, received yesterday, made the flour market exceedingly dull, and prices are norrinal. Lower prices must be accepted to make sales. Wheat is dull, and offering at low prices. The cotton market is also flat."