Indiana State Sentinel

Eight days later from Europe.

The steamship Caledonia arrived at Boston on Monday, Nov. 3d. She brings London and Liverpool papers to Oct. 19.

The price of grain is rising rapidly. The weather has been wretched, and large patches of uncut grain are exposed to the elements in the north of England and in Scotland. Damp corn enhances the price of fine wheat, and those who hold the latter calculate on a farther rise. The money market shows symptoms of wavering; consols have declined one per cent., and the value of money is higher. The iron trade is brisk, and prices advancing. The produce market, (sugar, rum, molasses, wool, coffee,) is firm, with slight advances in some articles.

The American provision trade flourishes. The stock of beef, pork, and cheese, is light; and the state of things in Ireland will have a tendency not only to improve prices, but to lessen competition.

The cotton market is depressed: the business transacted is limited; prices have a downward tendency; and holders, evidently not at ease, show a desire to accept the current rates, and to press their stocks. The sales of the week ending on Friday, Oct. 17, only amounted to 20,000 bales; and limited as this business is, it was even more restricted on the 18th—for not more than 1,500 to 2,000 bales changed hands. A thousand causes may be adduced to account for the present stagnation. Foremost is the railway madness. It swallows up all classes and shades in its vortex.

The state of trade in the manufacturing districts does not certainly give an indication of the existing feeling in the cotton market. The yarn market is especially dull. Large quantities had been purchased for exportation to Germany. The market for goods in Manchester and the neighborhood is also less active, and prices have receded a little—they are 'easier' in the parlance of the trade. The woollen trade in the Yorkshire districts has also diminished somewhat in activity, but still maintains a healthy appearance.

The dock yards and naval arsenals of England exhibit extraordinary activity. In many of the outports steam-frigates of the largest class have been ordered by the government to be ready by a fixed period, according to the contracts: and the builders have been bound down in heavy penalties to have them fit for sea at the required time. Oregon is pointed at by certain politicians as the solution of the mystery.