English and Foreign.

Lyttelton Times, Volume IX, Issue 581, 29 May 1858, Page 5

English and Foreign.

AMERICA.

By the arrival of the Whirlwind at Melbourne the ' Argus' acknowledges the receipt of incomplete New York files to the end of January, from which it collects the following items of intelligence :—- .

The movements of the filibusters and their supporters are the absorbing topic of the day. The excitement at the south is up to fever heat. Meetings to express the public indignation at the seizure of General Walker have been called at New Orleans and Mobile, and recruiting forNicaragua is going on actively at these points. A large force „is already enlisted. A body, of 800 men left Texas on the 26th ultimo to reinforce Colonel Anderson.

It was' stated that General Walker will demand indemnity for. his losses, and also that his men shall be sent back to. Nicaragua, and his flag saluted by the United States' vessels of war. It is reported that Commodore Paulding will be recalled.

General Walker is making quite a triumphal tour through the south.: At Richmond he has received a' banquet from many of the leading men of Virginia, including " the-Speakers of both Houses, at which filibustering, through its prime hero, received the ovation of all present. It is; said that this meeting fairly represented the entire southern opinion on the subject. . The last news from the country of the Mormons puts a new complexion on the struggle now waged between the followers of Joe Smith and the federal Government. The Saints, it is stated, are at war among1 themselves, owingl to Brigham Young and about one-half ofthe population desiring to march against the United States' troops, while the other half wish the invading force to enter the Salt Lake city, and to establish there a military government. The Mormons "disposed for resistance have obtained the aid of large bodies of Indians, who have undertaken to harass and cut of the supply trains of Colonel Johnston. These savages have been led to believe that the Saints have at their command 80,000 fighting men, well equipped for service; They also speak of numerous fortifiications and of a large number of allies of their own race; and they delare that the Mormons have no idea of running away from Utah. There appears, however,' to be great reason for believing that they do contemplate a Hegira. In the Virginia Legislature, on the 4th Jan., resolutions were introduced, denouncing, in very emphatic terms, Commodore Paulding's arrest of General Walker. The Cabinet held a meeting on the sth Jan. It, is understood that Commodore Paulding will be sustained in his action against the filibustiers. General Walker has written a letter to the President,'in which he declares his de- . termination to proceed against Nicaragua, and the President has caused peremptory orders to be issued to the federal officers at the south to stop all filibustering expeditions, if possible. General Walker's men have been discharged from the Saratoga, and turned adrift, to wander about, homeless and penniless. _ General Scott is now in Washington, planning the spring campaign agains the Mormons. The steam frigate Niagara sis now to be employed in laying down the Atlantic telegraph cable. ' .' ; ■ The steamship Cahawa arived at New York from Havannah, on the 4th January. General Walker's steamboat Fashion remained in the harbour of Havannah, end it was not known at what time she would leave, or where she ' would sail for. From Cuba we learn that negro-stealing was carried on to a very considerable extent, as many as 100 having been carried off in one night. Money Market. —New York, Sunday, Jan. 17, 9 p. m.—Throughout the week just closed the stock market has been comparitively quiet. The closing prices yesterday do not yary mate- • rially from those current at the close of the previous week, and no new feature has been developed in the course of the daily transactions. Speculators for a rise are full of stocks, and there is no outside demand for them. Prices, as a general thing, rule high which gives those who wish to realise a good opportunity to do sa on favourable terms. The money market 'is particularly easy and comfortable for speculators on the Stock Exchange, but beyond these limits, money is scarce and hard to get at any

price. Money is cheap, but not plenty; it is cheap enough to those who have the right kind of securities, to put up, but to those who have not that class, of .securities, the rates rule high, \ and it/ is. difficult to raise large amounts. The inactivity of business is calculated to keep the money market stringent with the. commercial classes. No one is disposed to enter into new contracts. Among the merchants >confidence is at a very low ebb, and credit hardly .exists. No one knows who to trust; and, we .understand, that many houses have defaulted on,the first payment under the extension. Lithe; early part of the revulsion many concerns laboured under the belief that short extensions would answer every purpose, and enable them to gc>along' smoothly enough. In this they have made a great mistake, and see. now that .it.,is „too late. Thia will result in general; liquidations, and very many houses who supposed: that with a little time they could go, through, will now be compelled to wind up. This is the second stage of the revulsion, and •its; effects•.will not soon pass away. It causes a relapse in the growth of .public confidence; and, although the aggregate failures in this city and .-jfchrbught the country are but a bagatelle, compared with the total number of mercantile firms, the whole com: munity is effected, and credit usually continues a long |time [depressed after the violence of a panic has passed away. The low prices ruling for all kinds of merchandise seem to attract no purchasers beyond the absolute demand for immediate consumption, arid business generally^ therefore, continues dull' and heavy. The opening of the.spring will, without doubt, give activity to the movements of produce and the most staple^.articles of consumption^ and that is about alPwe can expect for many months.