THE NEW STEAM BARK CREAM CITY. - This monster steam craft arrived here yesterday afternoon shortly after five o'clock, and came alongside the dock foot of Bates street, where a large number of citizens, including many of our first and best mechanics, availed themselves of the opportunity to pay her a visit. She has on board 30,000 bushels of wheat, taken on at Milwaukee, and is by far the largest vessel afloat on our western waters. In attempting to wood at Forestville, on Lake Huron, on Saturday last, she got aground, which delayed her on the passage 24 hours. The steamer Magnet, Captain Smith, which was at hand, assisted in getting her afloat, when shortly after, the engine getting disabled by a rope getting in the wheel, she was taken in tow by the Magnet and brought to this city, arriving here as above stated. She will proceed immediately on to Buffalo, under her own steam and sail. In addition to the novelty of being propelled by sail and steam, she presents a majestic appearance, sits gracefully on the water, and has as fine a model as any vessel afloat. Her engines and machinery, which are placed directly in her stern, have been got up and placed in position on the best principles, and are capable of moving her, independent of canvas, from five to six miles an hour. The Cream City was built at Sheboygan, but fitted out at Milwaukee by B. B. Jones, Esq., who has very successfully been building both steam and sail craft for nearly thirty years. The City is commanded by Captain Johnson, a gentleman of good, practical experience, and well qualified to fill so important a post. We wish her safe and prosperous voyages, and trust her owner may be well rewarded in his new enterprise.