HARBORS AND RIVERS.

ARRIVAL OF THE PACKET SHIP LIV

 FRPOOI,
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ARRIVAL OF THE PACKET SHIP LIV-

 ERPOOL

 Three days later-The .New Commercial

 Policy of Grem Britain-.96airs in

 Ewope-.Markets, Sc. Sc.

 Another special express from the Atlantic reached the .N'eao York Herald office this morning.

 It brought the intelligence received by the magnificent packet ship Liverpool, Capt. Eldridge, which sailed from Liverpool on the 9th inst.

 The news thus placed in our possession is very interesting. It is very little later from London or the Continent.

 Cotton remained as before quoted.

 There appears 10 be no change in the other markets.

 All the English papers are full of hope and humbug relative 10 a war with the Unl- ted States. There is an article in almost every paper received

 One paper says that the ground feature of the wreck Is ''the brighter and better hope of peace with the United Statesn

 The great debate on the new commercial policy of Great Britain, was to open on the 9th ult That debate will be important-its result more so.

 The advces from England contain some terrible accounts of shipwrecks

 From the London SuHdya Times, Feb. S.

 1Ae .New Commercial Poicy of Great

 Brtaia-Probable Result of the Debate. -The debate on Sir Robert Feels Free trade propositions to morrow, 1t Is needless to say, will be one of the most interesting that has taken place for many years in the British House ol Commons The attention of the whole country Is directed to the im- portance of the question involved, and to the greatness of the struggle. The interval that has elapsed since ministerial measure was first propounded, has given time to all parties to weigh well it's merits, and to calculate its results The monopoIisls do pot now pre- sent the same front and united phalaux, as they did some short time since. It is true that small portion of them are still deter mined to fight the battle out, though it be apparent, even to themselves, that their ulli- mate defeat IS inevitable. Others of them have begun to admit glimmering of light into thelr hitherto darkened understandings. Like the premier himself, they see the error to their ways, and are now ready to admit, aud by thelr votes to give effect to the ad- mission, that free trade IS not only good in theory, but that the circumstances of the country render 1t necessary that 1t should now be reduced to practice.

 FRANCE.

 The Paris papers of Thursday, of the 5lh ult,, are solely occupied with comments on the proceedings in the Chamber of Deputies on the preceding day.

 The Five per Gents underwent considera- bIe depression on the Paris Bourse on Thurs day, owing 10 the certainty that the conver- sion of the stock would be moved in 1be Chambers The Three per Gents were flat and shares which rose at one moment somewhat considerably become feeble to- wards the end of the market.

 SPAIN.

 Madrid journals of the 3C tn ut have been received. Most of them advert to the speech of the Queen of England, praise the liberal measures to which 1t refers, and consider they will be of great importance to Spain.- The father of General Narvaez, the Condo de Canada Alta, died on the 29h.

 The Funds were more firm.

 Lipprpool CottGn .Narket, Satnrday, Fe6 7.-The trade demand for cotton has been very extensive throughout ihis week, in the early part of which it was so freely supplied by holders of American that last weeks quo tations were barely maintained; but during the last few days the market has become more firm, and closes with last weeks rates fully maintained, and, in some instances, l-Sc per lb. advance establish. Egyptian is in mo. derate demand, and very abundanlly SUD- piled at former prices. Brazil IS also only in moderate demand, but unchanged in value In Surat fair business is doing at former prices. The sale of the week amount to 46,29O bales, including 1000 American or speculation and 700 for export.

 Our market has been very firm to-day, ant the business amounts to 5000 bales, prlnc paly American, of which 1000 bales have been purchased on speculation.

 Liuerpool Corn .Market, Feb. 7.-Tht market for free Grain continues in depress ca state, which must be attributed to the still unsettled question of the Corn laws.- Very few transactions have occurred in Whea since Tuesday, the best quality has main taned that days price, but secondary sample; have given way Id to 2d per bushel Floul has met moderately fair demand, but { small decline in value has had to be submit ted to- Beans are Is per quart and Barley Sd per bushel lower. No change as regard: Oats and Oatmeal, for which articles we have experienced slow sale Several transac tions have occurred in Bonded Wheat anC Flour, but at no better prices than were cur rent last week.

 s Marriage .fnnouncement-An argumen is going on among Northern editors as to tht