Later from Europe.
Cape Race, July 21.
--The steamer Asia passed here at 10 o'clock this forenoon for New York, with Liverpool advices to the 13th.
The result of the fighting before Richmond is treated as a severe reverse to the Unionists by the English press, and McClellan's position is regarded as precarious.
Lord Palmerston had stated in Parliament that the British troops would not be withdrawn from Canada.
The recognition of Italy by Russia and Prussia had been announced in the Italian Parliament.
The London Herald treats the affair before Richmond as a decisive defeat of Gen. McClellan, and says the Confederate capital is safe.
It does not believe, however, that the campaign in Virginia has ended, but supposes it will go on until Europe stays the uplifted swords and in the name of humanity enforces peace.
The London Morning Post argues that practically the scheme against Richmond has terminated.
It then points out the dangerous position of McClellan's army.
The Times says that these three days of June mean that the Confederate army is strong enough to hold its position in Virginia for a time that may be indefinitely prolonged, and evidently the Federals will have again to begin the siege of Richmond, with a much worse chance than at first.
The new American tariff continues to excite strong hostile comments from the press.
The Times bitterly denounces the spirit which regards the tariff with satisfaction, because of its injurious effects upon England in particular and Europe in general.
The Liverpool Post says the tariff will be looked upon in Great Britain as a measure amounting almost to a declaration of war, and thus the unpopularity of the Northern States will not only be terribly aggravated, but it will impart something more than moral force to the cause.
The fortification bill has again been defeated in the House of Commons, and an amendment calculated to preserve to the Commons a due control over the expenditure of public money was carried by a majority of five against the Ministers.
The bill for carrying out the slave trade treaty had finally passed the House of Commons.
The Paris Patric asserts that France will never treat with Juarez.
When the French army has entered Mexico the Mexicans will be consulted, and their wishes scrupulously respected.
France will only quit Mexico after the complete execution of the future treaty.
The Presse says the date of Gen. Ferris's departure for Mexico is still doubtful.
The latest.
London, July 13.
--In the House of Commons last night, Mr. Gregory made inquiries relative to the proceedings of United States cruisers off the Bahamas.
Fortescue said the letters on the subject had been received, but they could not be produced, as the correspondence was in the hands of the law officers.
Commercial news.
Liverpool, July 12.
--Cotton — Sales to day of 6,000 bales. The market has fully recovered from the depression with an upward tendency, and closes with an advance of 1d, on Surats since yesterday.
Breadstuffs are firm, but quiet.
Provisions are flat.
London, July 12, P. M.--Consols closed at 92¼@@ 92¼ for money. 