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Later from Europe.

The steamer Hibernian, from Liver-pool on the 6th, via Greencastle on the 7th, has arrived off Cape Race. The political news is uninteresting.

The Confederate loan on the 5th opened at a further violent decline, the first transaction being 35a30 discount. It afterwards rallied, closing at 26a24 discount.

London, Aug. 6.--The funds are firmer. Consols are advancing, under the improving tendency of the Paris Bourse and the more general belief that the Polish question will not result in war. The satisfactory progress of the harvest asserts the buoyancy of the discount market, which is easier, with light demand.

Liverpool, Aug. 7.--The sales of cotton this week have been 27,000 bales, including 4,000 bales to speculators, and 3,000 to exporters. The market is easier, at a decline of one quarter of a penny on American. The market closes quiet at the following authorized quotations:

Fair.Middling.
Orleans24d22½d
Mobile23½d22d
Uplands23d31½d

Stock in port, 307,000 bales, including 43,000 American.

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