EFFECT OF THE News IN New YoRK.-The
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EFFECT OF THE News IN New 1oRK.-The
!" Express" of Friday evening says:


"Thc news from Mexico to-day has had most cheering
influence on the operations Wall The intelligence,
although not in an official shape, is believed The public
mind is relieved the position and safety Of Gen. Scotts
army Many believe that peace will follow, while others have
confidence in such result The effect of the has
been to inspire confidence, and to do away with the gloom
tina, spread the street by the failure of Prime, Ward
& Co."


The liabilities Of this house set down at between one
and two millions, large part of which, it understood is
held by the Barngs. Their suspension caused by the
recent failures of Giles, Son & Co., and Alexander Co.,
or Iond dor,