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eived copies of New York papers of Tuesday, the 15th instant.--The news is not important. Sheridan's movements in the Valley. The correspondents from Sheridan's army merely mention the "strategic reconnaissance" by which Custar and Merritt lost two or three hundred men on Thursday by attacking Rosser, and go on to dress up a victory for Powell. A letter, dated at Martinsburg the 12th, says: The strategic reconnaissance by our cavalry on Friday caused the enemy's cavalry, under Lomax, to advance against our lines on Saturday morning. Considerable fighting ensued, during which the enemy were repulsed with great loss.--General Sheridan then ordered Colonel Powell to pursue them in their flight. This he did with the greatest vigor and success. He drove them through and beyond Front Royal, and captured two guns, one hundred and fifty prisoners, several wagons and a large number of horses. Our losses are said to have been considerable, as the fighting was extremely warm fo