Later from Europe.
Arrival of the Arago.
New York, March 22.
--The Arago, from Southampton on the 6th inst., has arrived.
There was a renewed activity in cotton and considerable advance in the price.
The Europa had left Liverpool for Queenstown, to take the cargo of the Australasian to New York.
It was rumored that Russia had decided upon Lent as the time for the voluntary emancipation of the serfs.
The Ministry of Holland had resigned.
Austria, England, France, and Prussia, had demanded of Denmark a delay in its action on the budget before the Holstein Chambers.
Count Cavour had brought to the notice of the Italian Legislature the necessity of settling the Roman question.
The demand for discount in the London market had increased.
The London Times says the new Tariff bill of the U. States establishes protective duties on the most extravagant scale, and the result will be an almost absolute prohibition on imports from Europe, more detrimental to America than to Europe.
In the French Legislature, M. Boissy made an attack on the alliance with England, but it was received with dissatisfaction.
Austria has sanctioned the re-establishment of an electoral law in Croatia.
The bombardment of Antilla, Italy, commenced on the 20th.
Commercial.
Liverpool., March 6.
--Cotton — sales for two days of 35,000 bales, including 17,000 to speculators. --The news from America caused an advance of ½ on Uplands and 1-16 on other kinds.
The market on Tuesday closed with an upward tendency.
Breadstuffs quiet.
Flour has an declining tendency, and is quoted slightly lower.
Consols 91@92½. 