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Sheridan's Great Victory.

Early's Command Routed and Captured.


Victory reported over Johnson.

Lee's New Line of Defense.

New York Stock & Produce Market.

The Ohio River Falling at Cincinnati.


NEW YORK, March 8. — The Herald's City Point Correspondent of the 6th says there is no longer much doubt of Sheridan's movement up the Valley having been crowned with complete success.

The concurrent testimony of all deserters and refugees to-day, from Sheridan's right, north of the James to Meade's extreme left, beyond Hatcher's run south of Petersburg, is that he surprised and encountered the rebels under Early, at Waynsboro, nearly midway between Staunton and Charlotteville, utterly routing and capturing the entire force, and securing among the prisoners the doughty general commanding. It is admitted by the rebels, according to the stories of deserters, to have been the most overwhelming affair of the war in proportion to numbers engaged.

The whole region is represented as being unprepared for Sheridan's advent, and as fleeing in every direction to escape his relentless squadrons.

The accounts agree so well in every particular, and are in such perfect accordance with what was expected, that all are constrained to believe that Early and his army are indeed captured.

Scouts report Sheridan in Staunton on Thursday, and would be in condition to push for Lynchburg.

The Tribune's Washington special says it is reported from Hancock's headquarters, Winchester, that Sheridan has defeated Early, but that Early is not captured.

The Herald's Wilmington correspondent of the 23d says they have there confirmation of previous reports that Gen. Sherman has reached Cape Fear river, N. C. It is said that he had struck that stream sixty miles above Wilmington previous to the 1st inst., thus spoiling the rebel plans for effecting a concentration against him, and forcing him to give battle in the vicinity of Goldsboro, at which point they expected to have a combination of advantages in their favor, which would insure his defeat.

The Wilmington Journal, in its issue just previous to the occupation of the town by the national forces, admitted that Sherman's movements, if not soon checked, might have the affect of compelling Lee to abandon Richmond and Petersburg.

The Herald's City Point dispatches say it is positively known that on February 28th Sherman was at Camden, S. C., on Sawnee river, a little over sixty miles southwest of Fayetteville, on Cape Fear river, which town it was believed he has before now reached.

There were rumors in the army of the Potomac, on Sunday last, that Sherman had defeated Johnson in a heavy battle, and captured 15,000 prisoners.

The Herald's 6th Corps correspondent says it is reported that for some weeks past large numbers of negroes have been at work throwing up fortifications along the banks of Roanoke river. Several months since many old and experienced officers surmised that if Lee was compelled to fall back from his present position he would form a new defensive line along that stream. The country is admirably adapted for the purpose, and the river will add considerably to the difficulties which an attacking column would have to overcome. Siege guns from Petersburg and Richmond have been sent off in that direction over the Danville railroad, and many things seem to indicate that his army will soon be en route for some place.

The Herald's Wilmington correspondent, of the 23d ult., makes no allusion to the junction of Schofield's force with Sherman's. Schofield was busy perfecting plans for the continuance of his campaign in North Carolina.

The exchange of prisoners in Cape Fear river was going on. Our prisoners that have been received look well except their want of clothing.

The Herald's correspondent shows there are no less than three hundred blockade runners in the port of Nassau, whose occupation is dull. They represent capital to the amount of $15,000,000.

The Tribune's special says it is policy to contract rather than to expand our currency.

Judge Edmonds is recommended for the Interior Department by the governors of nine states.