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We have the following summary of news from Northern journals of the 15th and 16th inst:

From Virginia.

The Baltimore Gasdle, of the 16th, says that the campaign in Northern and Eastern. Virginia has been brought to a close. After pushing from the Rapidan to the Chickahominy with indomitable resolution, but with a terrible sacrifice of life, Grant has concluded to abandoned the line on which, at one time, he declared his determination to fight it out if it look all the summer, and to commence a new campaign against the defences of Richmond from the south side or James river.--Gen. Grant has established his headquarters at Bermuda Landing. He will proceed to invest Fort. Drewry, the capture of which is regarded as an absolute accidently.

Gen Sheridan's expedition.

A scout who arrived at Washington from the front, Tuesday night (14th) says that Sheridan's cavalry force, which started out Thursday, on an extended raid, had not been heard from when he left; but it was the impression in the army that he had reached Charlottesville, on his way to Lynchburg.

The rebel cavalry are not in a condition to seriously impede his successful progress, and he will probably reach the latter point with little or no fighting on the way. From Lynchburg, his movements will remain a mystery for the present at least.

Another account says that Sheridan was moving on Gordonsville, to destroy railroad communications in that direction, whilst General Kantz was similarly occupied on the Southside, the object being to prevent the movement of supplies and reinforcements.

Gen. Storgin's Esp edition.

A telegram, dated Memphis 18th instant, says:

‘ The expedition of Gen. Sturgis, which left Memphis on the 1st, in coming in.

We learn from an officer that they met a large force of rebels at Guntown, said to consist of 10,000 infantry and cavalry, under the command of Generals Forrest, Lee and Roddy. This large force attacked them suddenly, and a most desperate fight ensued, resulting in the death of Sturgis, with the loss of his wagon train and ammunition.

’ The last was a most severe loss, as Sturgis had run out of ammunition and was obliged to destroy and abandon his artillery. Many of his infantry were captured, but the exact number is not known.

General Sturgis's force consisted of 3,000 cavalry and 5,000 infantry.

The N. Y. Times says the above reads as though sent by the rebels themselves.

Official dispatches refer to the defeat of Sturgis as a "disaster."

Gen Morgans expedition.

A telegram from Lexington, Ky, states that on the 12th inst. Gen Burbridge defeated the rebels at Cynthiana, killing some three hundred, and taking 400 prisoners. Morgan's command is utterly demoralized and scattered. Cols Hanson and Garrard are in pursuit.

A telegram from Gov. Bramlette says that ‘"no rebels in force are moving towards Louisville."’

After the Cynthiana defeat Gen. Hobson and part of his staff were sent under guard to Falmouth, but the whole were recaptured by a scouting party, and are now at Falmouth


A gentleman who left Little Rock on the 3d of June says that everything was quiet when he left. Price and his army were near Red River.

The Washington correspondent of the Boston Traveller states that a call for 200,000 men will be made in a few days.

The Senate Committee on Foreign Affairs had a heated discussion on the 14th on the Mexican question. No conclusion was arrived at.

The bill to suppress speculation in gold has passed the House of Representatives--yeas 76, nays 62.

Gold opened in New York on the 15th at 197½ and closed at 10 P. M at the same rates.

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