LATEST NEWS FROM AMERICA. (BY ELECTRIC TELEGRAPH.)

West Coast Times, Issue 95, 6 January 1866, Page 3

LATEST NEWS FROM AMERICA. (BY ELECTRIC TELEGRAPH.)

FROM THK ARGUS CORRESPONDENT.

Sydney, Thursday.

The ship Berer.garia, 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 Atrevcda, with COO 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 arc unaltered 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 largo deposit of valuable ore, containing seventy per cent, of iron, has been discovered in the Sierra country, ucav tho Pacific Railway. The Russo-American telegraph is proceeding rapidly; ono cargo of the cable had arrived ut Sitka.

" The Missouri stato legislature hud reorganised their Government, and Mr. Humphrey had buen inaugurated. Mr. Sharky was elected a senator, vice Jeff. Davis.

Messrs. Harris aud Asfey's bonded warehouses at New York wero burned. Seven huudred thousand dollars worth of cotton, and a large quantity of wins* lcoy and flour, were destroyed*. Gold was at 47 premium. Cousidwablc difficulty was experienced in reorganising Louisiana Stato, as many districts refuso recognising Mr. Wells as the legal governor. General Grant's ordor to muster eleven coloured regiments* out of tho service causes much disa'tiectiou amongst tho troops.

A groat Fenian convention met at Philadelphia on tho 15th, aud continued sitting with closed doois up to latest advices.

Tho democratic party had issued a utuuifcbto endorsing tho Prosidout's reconstruction policy, advocating tho assertion of the Monroo doctrino rogarding Mexico, and denouncing uegro suffrage,

has been burned, causing a loss of a million dollars. There were fresh rumors of a negro insurrection current, but considered unfounded. Mexican » flairs are still very unsettled. Tho Republican party aro 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 wore defeated at El Jaroal. John Mitchell has boon unconditionally released from Fortress Munro. There has beon groat fighting with tho Indians along the overland routo, and these continue. The latest telegrams report Wirtss 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 properly destroyed.