The hostilities between Guatemala on the one hand and the States of Honduras and San Salvador on the other, have been temporarily suspended, since the defeat of the latter States. The armies met at a little village called La Arada. The battle lasted four hours, when the allied army, commanded by Vasconcelos, President of San Salvador, was completely routed, with a loss of 500 men. His arrival at the capital was the occasion of a riot among the lower classes, and he did not immediately resume his executive functions. Carrera in the mean time advanced to Santa Anna, thirty miles from the frontier, where he made propositions for peace. The provisional President of San Salvador replied that no negotiations could take place until the troops were withdrawn from the territory. This was done, but at the last accounts no treaty had been made. The President of the National Diet of Central America has issued a proclamation demanding the cessation of hostilities. The blockade of the port of Amapala, in Honduras, has been abandoned by the British fleet. Three iron steamers, intended for the navigation of the San Juan River and Lake Nicaragua, are now building in Wilmington, Delaware, and will be placed upon the route on the 1st of July, at which time the line will be complete, and steamships will leave New-York and San Francisco direct for Central America. The journey from sea to sea will be made in about twenty-four hours.

THE WEST INDIES.

The Island of Cuba is at present in an excited state on account of rumors that another piratical expedition was being fitted out in the United States, the vessels of which were to rendezvous at Apalachicola Bay. This was at first looked upon as entirely groundless, but letters from Georgia and Alabama have since partially confirmed the statement. There is an active force of 25,000 men on the island, and any attempt at invasion will be unsuccessful. The Captain-General, Concha, continues his course of reform, abolishing all useless restrictions, and establishing needful regulations, so far as his power extends. The Venezuelan Consul at Havana has been discharged from his functions, and ordered to leave the island in eight days, in consequence of having furnished money to Gen. Lopez, with whom he is connected by marriage. Mr. Clay, during his stay on the island, was honored with every expression of respect.

In Hayti, the efforts of the American, English, and French Consuls have thus far succeeded in preventing a war between the Haytiens and the Dominicans. A commission of four persons has been appointed to confer with the Consuls in regard to this subject. Several of the Dominican chiefs have arrived at Port-au-Prince, where they were very kindly received, and it was believed that peace will be speedily established. A political conspiracy has been detected at Port-au-Prince. Among the persons concerned in it was the late Chief Justice, M. Francisque, and one of the three ministers of Soulouque. A large number of arrests were made, and the prisoners tried by court-martial. Eight of them, including the Chief Justice, were condemned and publicly shot.

The cholera has not yet wholly disappeared from Jamaica. The budget for the island estimates the liabilities at £248,300, and the income at £215,850, leaving a deficiency in the revenue of £32,450.

SOUTH AMERICA.

There are now about 900 persons employed on the Panama Railroad, and the track to Gatun, a distance of twenty-six miles, will be ready for the locomotive by the 1st of July next. There was much excitement on the Isthmus towards the close of March, caused by a report that the specie train, carrying $1,000,000 in silver for the British steamer, had been attacked by robbers. It happened, however, that only a single mule-load was taken, which was afterwards abandoned by the robbers and recovered. Three of the boatmen arrested for the murder of passengers on the Chagres River have been found guilty and sentenced to be shot. A large fire broke out on the island of Taboga, in the bay of Panama, destroying fifty huts, and property to the amount of $50,000. Several parties have returned to Panama from the gold region of Choco, in New Grenada. They found the rivers of the region abounding in rich gold-washings, but were forced to abandon the enterprise from want of supplies.

In Chili, the 12th of February, the anniversary of Chilian independence, was celebrated with imposing ceremonies. The municipality of Valparaiso are making exertions to establish a general system of primary instruction for the children of the city. The survey of the railroad to Santiago has been carried about fifty miles, to which distance a favorable line has been obtained. The island of Chilöe, in the southern part of the Republic, was suffering from a protracted drought. The election for President was to take place in the month of March.

In Buenos Ayres, the opening of the Legislature and the Annual Message of the President have been postponed by mutual agreement. The financial affairs of the republic are in an exceedingly prosperous condition, the available resources on hand for the present year amounting to more than $36,000,000. By order of the government, the civil and military officers were directed to wear the customary mourning on the 24th of January, "as a token of grief for the death and respect for the memory of the illustrious General Zachary Taylor, late President of the United States of America."

A terrible accident occurred in the harbor of Rio Janeiro on the 8th of February. The French schooner Eliza, while at anchor near the fort, with a large quantity of gunpowder on board, blew up with a tremendous explosion, and soon after sank. She had 240 passengers, only a few of whom were on board at the time. Ten were killed and twenty wounded.