The news from Europe.
The outline of European news received here by telegraph was of so vague a character as to render necessary a republication of a portion of it. The New York papers of Monday furnish the subjoined details: ‘ News of the battle of Bull Run was received in England on Sunday, 4th of August. It caused a profound sensation. Northern Americans were much depressed, and the Southerners correspondingly elated. There was almost a collision in the Liverpool News Room. Mr. Russell's letter to the London Times was confined to graphic details of the route of the Northern army. He calls it a cowardly rout, a miserable, causeless panic, and disgraceful to men in uniform not soldiers. The London Times editorially says the victory was a complete one. The Union army lost all, even their military honor, and wishes it could find something in it to congratulate either victors or vanquished, but sees nothing but what must stimulate the evil passions of both combatants. The London News denounces the Times' criticism, but says nothing has happened which was not anticipated as possible. All journals think the event has closed the door of compromise, and must embitter and prolong the struggle. A Paris letter says the success of the Southerners powerfully operated on Parisian opinion in favor of the Secessionists. The London Times has another (a second) article bitterly sarcastic on the battle at Bull Run. It says there must rise a gathering doubt that the Southern nut is too hard to crack, and that the military line, as a matter of business, does not answer. The same article ridicules and laughs at the threats of a prominent New York journal against England's going into the ports. It fears the question of the blockade in America may involve England in some difficult complication. The London Times remarks that there is a little cloud which, although only as large as a man's hand, may come to overshadow the whole sky. On the last day of the session Lord Palmerston stated his views on the question of the blockade. He said, in effect, it the blockading force should allow any one vessel to enter a blockaded port by the payment of duties, the blockade from that moment is raised. A belligerent may seal up a port, but if he lets one vessel in, his right is gone. It follows, therefore, that when a Federal cruiser willingly allows a ship to pass a blockaded port upon payment of customs, the blockade will be at an end. An anonymous advertisement appears in the Liverpool Post, inviting a shilling subscription for a testimonial to General Beauregard in admiration of his skillful generalship. The London Herald says a report had been received that Napoleon, on receipt of the intelligence of the defeat of the Northern army, decided to recognize the Southern Confederacy. Queen Victoria, in her speech at the prorogation of Parliament, said the dissensions which arose some months ago in the United States, have unfortunately assumed the character of open war. Her Majesty deeply lamenting this result, has determined, in common with the other Powers of Europe, to observe a strict neutrality between the contending parties. Lord Palmerston said the Government is not aware of the American Government having resolved to station vessels at the ports to levy dues. ’General news.
The yacht race between the English yacht Alarm and the American yacht Camilla, was won by the former. The London Times, in a leader on the Galway line, shows distrust in its being commercially profitable. The Danish Government has granted an important modification in Mr. Shaffner's North Atlantic Telegraph concession, extending the time until 1874, and returning the caution money. It is rumored that a conspiracy has been discovered in St. Petersburg, to put aside the Emperor and family, and to give a constitution to Russia. The King of Sweden is the guest of Napoleon at Paris. The Paris Moniteur announces that the King of Prussia has sent an autograph letter to Napoleon. It is reported that his contemplated visit is postponed, it not abandoned, and that the King desires to visit the camp at Chalons if accompanied by the German princes who met at Baden last year. He does not wish to appear as acting apart from them. Sir Henry Bulwer had had an audience with the Sultan of Turkey. The latter expressed his deep sense of friendship for England, and his determination to effect large reforms. The French Emperor has officially received the Minister of the Kingdom of Italy. It is asserted that the interview between the Emperor and the King of Prussia will take place at Strasbourg in October. Oma Pasha has addressed his ultimatum to the Montenegrin chiefs. His army numbers 30,000, and is being concentrated for vigorous operations. The Emperor of Austria had ordered an immediate convocation of the Transylvania Diet. The European commission for the settlement of the affairs of the Hesse-Grovina has been dissolved.Commercial Intelligence.
London Money Market--On the 7th, firm, tending upwards. An advance of one-eighth was established in consols. The discount market was quiet — good bills 4½d a4¾d. Business at the Bank was slack. There was a fresh fall of one per cent in United States fives. Gold continued to flow into the Bank. James Caster, Beater & Co., warehousemen, of London, have suspended. Liabilities about £200,000. Nottingham, Clough & Co., warehousemen, have also suspended. Their liabilities are also heavy. There are rumors of the suspension of a respectable house in Liverpool, carrying on an American agency. Liabilities moderate. London,Aug. 10, 1861.--Consols closed at 90¼a90¾. American securities flat. The bullion in the Bank of England has increased £163,000. The specie in the Bank of France has increased 12,000,000 franc. Breadstuffs Market.--Wakefield, Narsh & Co., and Richardson, Spence & Co., report flour dull and tending downwards; quotations, 25s. a 28s. 6d. Wheat firm, but quiet; red Western 9s. 4d. a 11s., red Southern 11s. a 11s. 6d.; white Western 12s.; white Southern 13s. a 13s. 6d,. Corn firm, at an advance of 6d, a 1s; mixed 29s. 6d. a 31s. Wheat 31s. a 34s. Liverpool Corn Market.--There was an average attendance of country millers this morning. Wheat in consumptive demand, both for home and French account, at full prices. Indian corn in steady demand, without change in value. Peas scarce, and held for more money.The Latest Markets.
Liverpool, August 9, 1861
--Cotton.--The Brokers' circular reports the sales of the week at 63,000 bales. The market opened with an advance of ½d., but closed easier, with but little inquiry, and prices weak.
Speculators took 19,000 bales, and exporters 11,500 bales. To-day's (Friday) sales are estimated at 10,000 bales, the market closing steady.
The following are the authorized quotations:
| Fair. | Middling. | |
| New Orleans | 9½d. | 8½d. |
| Mobiles. | 8½d. | 8d. |
| Uplands | 8¾d. | 8.5-16d. |
