Later from Europe.
The steamer City of Washington, with Liverpool dates to the 10th instant, has passed Cape Race. --The following is a telegraph summary of her news:The American question.
The Opinion Nationale says that Russian papers revive the rumor that France, in consequence of the stubbornness of England against doing so, has invited Russia to join her in an offer of mediation to America. The Paris correspondent of the London Herald believes that the French Government entertains very serious intentions of interfering to end the civil war in America. The London News gives currency to rumors that Generals Scott Banks and Pope were about to enter Mr. Lincoln Cabinet at Washington. It thinks that the accession of General Scott indicates that military operations are to be prosecuted with the utmost vigor, and to be kept free from the civilian interference which has hitherto, through jealousy, hampered the movements of Gen. McClellan. The London Times has daily editorials on the position of affairs in America. It says that the dissevered States seem to be fast approaching that point where they must become two reasonable nations or go on to anarchy and ruin. The offer of our mediation would only be received with insult. The London Times recurs to the hostility to England and professes itself wholly at a lose to account for it. The same Journal regards the news tariff in effect prohibitive. The import trade with Europe will be all but annihilated; but the effect will be most severely felt in America. The measure will enlist on the side of the South all the sympathies and interests of the two greatest nations in Europe.Great Britain.
The Parliamentary proceedings were not of much interest. The fortifications were again discussed in the Commons, and there was a in which Mr. Cobden and Lord Palmerston indulged in some rather bitter personalities. In the House of Lords the African Slave Trade bill had been read a second time. Earl Derby expressed fears that unless a treaty was made with France like that with America, the putting a stop to the slave trade would be ineffectual. Earl Russell said that France had declined to enter into a similar treaty; but he believed that she would offer no objection to the exercise of its provisions. Lord Palmerston confirmed the statement that Russia had recognized Italy, and said that he believed Prussia would do the same. After considerable debate a resolution against the English forces interfering in China was rejected. It was rumored that the Galway subsidy would be restored. General Prim had arrived in England. The U. S. corvette Tuscarora arrived at Southampton on the 7th inst., from Cardia. The object of her visit was unknown.France.
Rumors that France would back out from the Mexican expedition continued. The Paris Constitutionnal says that the glory of the French arms once vindicated and money matters settled with Mexico, proceedings against her will terminate. The cotton manufacturers of Rouen had sent a deputation to the Emperor to represent the difficulties they were laboring under. A similar deputation from Lille also waited upon the Emperor. The Paris Bourse was heavy at 68f. 30 for the rentes. The Italian Ministers had again strongly repudiated the rumors of Italy's interference in Mexico. M. Mon had resigned the Presidency of the Spanish Chamber of Deputies.Commercial Intelligence.
London, July 10, 1862
--Consols closed at 92½ for money.
The Bank of England has reduced its minimum rate of discount to 2½ per cent.
American Stocks.--The market has a downward tendency.
The latest sales were: Illinois Central shares, 48a48½ discount; Erie Railroad, 28¾.
Liverpool Cotton Market.--The sales of cotton for two days amount to 27,000 bales, including 16,000 bales to speculators and exporters.
The market is firm, with an advance of one-fourth to one-half a penny per lb. since the sailing of the Persia, closing upward.
Trade Report.--The advices from Manchester are favorable, the market for goods and yarns being upward, with small sales. 