LATE FROM EUROPE.
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ARRIVAL OF TIE STEAMSHIP HIBERNIa.


Boston, May II.


The Hibernia arrived at Boston this af.
ternoon in the extraordinary passage ol Is
DAYS from Liverpool. Her commercial
news is most important.


CorroN.--pfiees on the sailing of tho
Caledonia had downward tendency aud
since her departure have further declined
and lett the markets quite fiat. The amount
Of sales have lallen oil, aud speeulaloIs
arc not operating.


Prices Of American descriptions oil Cot.
ION declined from the 10Th TO the 23d ull.
to per pound. Brazil, Egyptian ani
Surat Ia /, and at the close ol the week
ending the 20ih, further decline followed
oitlo 1 on American, aud also On all other
descriptions OF Cotton.


Quotations for Cotton arc-iair 10 good
fair bowed Georgia GA 6ld, Mobile % a
ID. There were, however, some anetua.
lions in price.


GRAtS Am flouR,-Spccu,atiau was
-, throughout the monIh in breadsluils,
lul Notwithstanding this influence the
prica Of Western Canal Flour settled al
iHs per bbl., anl American Red Nheal at
lOsa lis sd per 10 lbs,


During the last day NJ two, Wheat has
advanced ID per 10 lbs.


Western l'lnuf advanced Is per bbl.


philadelphia aud Baltimore Flour al.
,nnged Cd IN the Liverpool market, but the
demand was limited.


Corn went back little in the meantime
and prices declined Is per is0 lbs; Yellow
receded in the same proporiion-2s.


Subsequently 10 this the market for Flour
aud Corn improved again-an active de.
mand sprung up for Flour and Wheat.


A rise 0! 2s per bbl was established on
Flour while Indian Corn improved very
considerably and was sold a, Dos to..5ss for
Yellow, aud 5ss TO Cos ior White.


The markets closed at these figures firm.
~, and considerable business was doing
in Brcadslulls generally.


The supplies of Grain and Provisions
sent from the United States 10 the Relief oi
the starving Irish, created an immense
sensation throughout Ireland, aud was the
theme of universal eulogy, and the subject
of warm and generous sympathy through.
out England.


The State Of the Money Market con.
iinued 10 excite much apprehension. The
course oil the funds during the last fortnight,
was steadily downward. The amount Of
Bullion in the Bank of England was still
steadily and rapidly disappearing. The
great bulk Withdrawn from lis vaults was
On account OF, and Tor shipment TO parties
in the United States.


The Brokers are demanding six and a
half and even seven per cent for notes und
Bill. OF shoft dates aud first rate character,
and for bill. running till July they ask seven
and one eighth per cent


The elIeel al all this has almost put a
stop To business. There have been ifaHsae.
i.ns of magnitude, however, during the
last ten days aud the Bank has discounted
inqre lfee.Y The effect has been an I'm.
proved feeling in the market and COnsols
have rallied little, This improved state
Of feeling had been further strengthened 10y
an announcement that tho Emperor OF
Russia had resolved to invest more than
two Millions OF pounds sterling in gold, IN
the English Funds.


The effect OF the investment OF Russian
Gold was counleraclcd by adyices from
the Continent, where the price Of Corn
had advanced prodigiousy.