LATER NEWS FROM AMERICA.

Southland Times, Volume III, Issue 200, 10 January 1866, Page 2

LATER NEWS FROM AMERICA.

: — "* [BY ELECTRIC TELEGRAPH.] (From the Argus Correspondent Dec. 29J Sxdney, Thursday. The ship Berengaria, from San Francisco, arrived this morning, with 430 tons of breadstuff's. The Tony, for Melbourne, with 450 tons of wheat, sailed in company ; and the Atreveda, with 600 tons, was loading for Sydney. Papers are here to the 31st October. The Otago had arrived from Melbourne. Private advices report the markets easier, with enormously large stocks on hand. Wheat at Idol. 90c. to Idol. 95c, flour unaltered. Prices are maintained solely by speculation in the Eastern States, chiefly owing to the operations of two parties, whose operations portend a speedy crash. The only export trade going on from California was for China, and in small shipments hence. A large deposit of valuable ore, containing seventy per cent, of iron, has been discovered in the Sierra country, near the Pacific Eailway. The Eusso-American telegraph is proceeding rapidly ; one cargo of the cable had arived at Sitka. The Missouri state legislature had reorganised their Government, and Mr. Humphrey had been inaugurated. Mr^ Sharky was elected a senator, vice Jeff. Davis. Messrs. Harris and Asley's bonded warehouses at New York were burned. Seven hundred thousand dollars worth of cotton, and a large quantity of whiskey and flour, were destroyed. Gold was at forty-seven premium. Considerable difficulty was experienced in reorganising Louisiana State, as many districts refuse recognising Mr. Wells as the legal governor. General Grant's order to muster eleven coloured regiments out of the service causes much disaffection amongst the troops. A great Penian convention met at Philadelphia on the 15th, and continued sitting with closed doors up to latest . advices. The democratic party had issued a manifesto endorsing the President's reconstruction policy, advocating the assertion of the Monroe doctrine regarding Mexico, and denouncing negro suffrage. The Michigan Central Eailway Depot has been burned, causing a loss of a million dollars. The steamer Atlanta was lost off Sandy Hook ,- only five persons saved. The withdrawal of the troops from the Southern States , was loudly protested against by the Southern people. There were fresh rumours of a negro insurrection current, but considered unfounded. j Mr. Stephens, late Vice-President of the Southern States, had an interview with President Johnson, who asserted his intention to carry out his original policy of re-organisation . The North Carolina Convention has decided to prohibit slavery, and decided not to pay any debts contracted, directly or indirectly, for the purposes of the rebellion. President Johnson has officially expressed a hope that every penny of Confederate Government debts would be repudiated. Mexican affairs are still very unsettledThe Eepublican party are endeavoring to raise a loan of thirty million dollars in the United States. The Emperor Maximilian has refused to acknowledge the American consul at Mexico. The Imperial troops were defeated at El Jaroal. John Mitchell has been unconditionally released from Fortress Monroe. There has been great fighting with the Indians along the overland route, and these continue. The latest telegrams report Wirttf found guilty. General Grant's report of the war is completed. Mr. Wade Hampton has been elected governor of South Carolina. There have been great floods in Cuba,, and much property destroyed.