The Sun.
London, England, 1862-02-14 00:00:00

AMERICA.

(PER CITY OF NEW YORK, via QUEENSTOWN.)
NEW YORK, FEB. 1, EVENING.

The news brought by the Africa caused almo'st a
panic on the Stock• Exchange this morning. The
result was a general fall of from 2 to 4 per cent. in
shares, the impression that the European Powers
would certainly intervene in America being strength-
ened by private advices from Europe.

One steamer returned to Fort Monroe from Hat-
teras, being unable to cross the bar.

COMMERCIAL INTELLIGENCE.

Money easy. Exchange flat at 113 k to 1134.
Gold dull at 31 per cent. premium. Stocks tend
ing downward. New York Centrals, 83a ; Erie,
33;; Illinois Central, 60. There was but little
business doing in cotton, as holders decline to make
any abatement. Breadstuffs generally active, and
firmer. Wheat 4c. higher ; flour has risen sc.

LIVERPOOL, WEDNESDAY NIGHT.
The Canadian mail steamship North American
has arrived with advices to the Ist inst.

On the 31st ult., on the motion of Mr. Sumner,
the joint resolution appropriating 35,000 dols. for
expenses in connection with the Industrial Exhibi-
tion was considered. Mr. Sumner advocated the
grant. Mr. Hale and Mr. Lane opposed it, on the
ground that at the former Exhibition they were able
to show reaping machines, &c., but now " the sword
and cannons were their reapers, and the rebels
were their harvest." The resolution was rejected
by 22 against 17.

On the 31st an inquiry into a statement that one-
third of the cartridges furnished to the Burnside
expedition contained no powder was referred to the
Committee on Government Contracts.

Vessels were constantly running up and down
the Potomac, despite the Confederate batteries.
There was a scarcity of seamen at New York, and
5,000 were wanted. It appears that, owing to the
better pay, the New England fishermen preferred
the army to the navy.
The Congressional Contract Investigating Com-
mittee had despatched commissioners to Philadel-
phia to inquire into certain alleged frauds of great
magnitude.

Richmond papers state, under date Augusta,
Georgia, that the Federals had sunk four vessels on
Rattlesnake Shoal and were preparing four more
for a similar purpose. Advices from Nashville,
dated the 26th, report that 15,000 Federals crossed
Bowling green River on the 25th, and were suc-
ceeded by another body on the 26th. A despatch,
dated Baton Rouge, January 21, says, " The Go-
vernor to-day sent to the Legislature his veto of
the bill to loan to cotton planters seven millions of
State Treasury notes." The British Consul at
Mobile on the 26th sent a flag of truce to the Fede-
rals, demanding the schooner Wilder, captured by
them, on the ground that she was a British vessel.
The Richmond Despatch of the 29th asserts that
the Federals had sunk some vessels in Roanoke
Sound and other waters. The Confederate and
Federal vessels had a skirmish on the 28th near
Fort Pulaski, Savannah. The fort was provisioned
for elm months. The New Orleans Delta says that
a steamer with 1,000 bales of cotton ran the
blockade of Charleston on the 13th ult. On the
26th ult six stone-laden yeseele were sunk by the

Federals in Maffit's Channel, Charleston. Some
negroes who deserted from Norfolk to Fort Monroe
on the 29th reported that the Confederate iron-
plated vessel Merrimac was to be launched that
day.
The steamship Calhoun, after running the blockade
into a Lousiana port, accidentally burst her boilers,
and had to be destroyed. Her cargo was very
valuable. A Confederate schooner had got into
Pensacola.

San Francisco on the 24th ultimo was inundated
and the streets navigable in boats.

INDIA AND CHINA.

We have received, in anticipation of the mail
files of papers from Calcutta to the 9th January;
Hong Kong, 31st December; Melbourne, 24th
December ; and Sydney, 21st December.