The Sun.
London, England, 1862-09-18 00:00:00

AMERICA.

QUEENSTOWN, WEDNESDAY AIORNING.
The Inman steamer City of Washington has
arrived, having left New York on the 6th inst.
She brings 259 passengers, and has 434,000 Bois.
in specie on freight. On September 8 she passed
an American ship bound west, showing a flag black
and white under ensign. On the 10th passed the
British ship Darby Allan, bound west. On the
10th the City of Washington called off Cape Race.
Her advices have been anticipated ; but the sub-
joined financial intelligence is of interest :

(From the IVezo York Shipping and Comma cial List of

Sept. 6.)
" The apprehensions engendered by the late unexpected
manceuvres of the army of Virginia, and the reported ad-
vance of the Confederate forces in Kentucky towards Cin-
cinnati, Ohio, combined with the thousand-and-one un-
favourable rumours which have been circulated in Wall-
street and elsewhere during the past three days, have not
extended to financial circles, and have utterly failed to
shake the confidence of any but the most timid in the final
success of the Government in its warfare against the re-
bellion. The existing state of things is generally regarded
as the legitimate fruits of the policy which, until re-
cently, was pursued by the authorities at the National
Capitol ; but, inasmuch as the future mode of dealing with
the rebellion promises to differ radically from that of the
past, it is believed that the efforts of the Government
to subdue its enemies will be entirely successful. It is also
believed that the erroneous idea of the invincibility of any
particular army will not in future prevent either the public
or the Administration from more fully appreciating the
magnitude of, the difficulties to be overcome, before the
Union forces can effect the accomplishment of their task
of capturing the Confederate capital, or of overcoming the
Confederate army. Hence it is hoped and believed that
the next time that an advance takes place it will be with an
army sufficiently imposing to ensure the successful consum-
mation Of that long-deferred object. The report was cur-
rent yesterday that the Confederates had crossed the Upper
Potomac and invaded Maryland. This was not without
benefit to the Bears, who make the most of every unfavour-
able report, and whose forte it is to exaggerate every
rumour which has a tendency to depress the stock market.
There is comparatively little business transacted in mone-
tary circles, and the stagnation which has for some time
existed in commercial eh ties is extending to every depart-
ment of trade. The business of suppressing the rebellion
is coming to be regarded in the light of a personal matter
—in which one and all are interested—and business is there-
fore considered by many people as of only secondary
consideration. Business places are generally being
closed at abut three o'clock, and the balance of the day
is devoted to the business of reinforcing the army and
otherwise advancing the interests of the country.
In fact, it would seem that the vastness of the
war, and the immense sacrifices which must be made to in-
sure the suppression of the rebellion, were never until now
half appreciated.

"The market for gold and silver has been greatly excited
by the rumours and realities of the three days, and the
premium has risen or declined according to the tenour of the
latest report. As a general thing, however, the tendency
has been upward, and the closing rates were much higher
than on Tuesday last.