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SEVEN BAYS LATER FROM EUROPE.

 NEw-YORE, June I7.

 The Packet ship Orpheus, arrived yester- day. having sailed from Liverpool on inc 18th May.

 The cotton Market had again improved.

 The Liverpool Journal says :-' It will be seen that Lord John Russell is a candidate for StrWud-COlOnet Fox (LOrd Hollands sOn) having resigned iH his favor. That he " ill be returned there can be no doubt, and in few days he will be at his post, ns leader of the COmr1ons, aud pFOposer of the measures which are to, secure, through reform. prosper ity to England, and racifcatiOn to Irrland- Never were ministry n,ore popular than the present--never were the people more indu- ced tO aid the government by the force of public opinion and public confidence. Ina: all the evils which aff1ict the '' body pOltic'' of the nation will be removed at once, no man can expect; but it is hoped that ameIioraton will now commence in earnest, and that it will continue with accelerated moiion-gain- ing strength and speed as it advances" In England, the Journals appear to be who'll " occupied on the subject of the recent cIpc- tions. Parliament re assembled on the 18th of May. ... -v..i ... ss..t -iH F.

 In France, the Journals are occupied with the trials going on in the House of Peers.

 The intelligence from the continent of Eu- rope is not nf an interesting character. The affairs of Spain appear to be in the same un- certain condition in which they have been for a good while past. 1t seems iO be i,npracti- cable. such is the want of fcOmmunicat:0n, t" ascertain how battle. which was said to have lasted two or three days, terminated. whether in favour of the Queen or of Don Carlos.