The Sun.
London, England, 1862-08-21 00:00:00

FINANCIAL AND COMMERCIAL.

(From the .New York Shipping and Commacial List of

Au-just 9.)

The more buoyant feeling which was beginning to de-
velope itseif in financial circles at the date of our previous
issue has steadily increased during the three days past,
owing mainly to the growing indications that the war move-
ments, which are being inaugurated by the Union armies in
Virginia, will result in the early defeat of the Confederate
forces, which are keeping guard over the Confederate
capital, and the capture of that renowned stronghold,
which has for so Jong a time defied all the efforts of Union
generals and soldiers to its capture. The stimulus
which has been given to the recruiting business
would seem to give promise of speedily making up the
entire number of volunteers, recently called for by the
President, in view d which it is expected that the
Confederate forces may soon be driven out of Virginia
altogether, if the entire Confederate army there congre-
gated be not entirely annihilated. Tie view of these facts
the buoyancy is increasing, and all descriptions of Govern-
ment securities have reflected the improved tone in a
general enhancement of values. In the existing state
of the Government finance it regnirea the most favourable
war bulletins to prevent a general depreciation of Govern-
ment securities, the currency, &c. With a long continu-
ance of the policy now prevailing it is obvious that even
this will not succeed in preventing the threatened reaction.
In common with many ethers we remain steadfast in the
disbelief of both the necessity and the expediency of the last
issue of demand notes, but as the Secretary determined to
issue them in opposition to an united press and public, and
as they are already in circulation, it is manifestly unjust to
continually decry against them as some people persist in
doing, especially as it tends to destroy confidence in the

Government, and bring about the very disasters which it
should be the aim of every one to avert.
The depression in gold has continued with little or no
abatement. The news of the loss of 1,114,000 dols. on the
Golden Gate, rendered the market a shade firmer on Thurs-
day, but it almost immediately reacted, and the decline
since has been steady. It was quoted lower yesterday than
it has been for a long time previously, sales having been
effected at 12i to 13 per cent, premium. Foreign exchange
has continued in sympathy with gold, and rates have de-
clined materially. Business has been very light, and the
rates are quoted nominal.

Money is plenty, and as the demand is light, the market
is easy at previous rates.

SOUTHAMPTON, AtrG. 21.

The Hamburg and American Company's steam-
ship Sasonia, Capt. Elhers, from New York on the
9th inst., has arrived off Cowes. She brings 362
passengers, 229,308 dols. in specie, for England ;
95,627 dols. for France ; and 10,000 dols. for Ham-
burg.

On the 11 th inst. she spoke the steamer Bavaria,
bound for New York, and on the 14th, the steamer
Glasgow, steering westward.
Her news has been anticipated.

PARIS, AUG. 21.

The Moniteur of to-day says :

" The Emperor has written a letter to M. Chaix
d'Est-Ange, assuring him that the sentiments his
Majesty entertains towards him are unchanged, and
that he will soon be called to the Senate."

The Constitutionnel of to-day publishes the
following statement, signed by its Secretary, M.
Boniface

" We are authorised to give a denial to the tele-
gram from Rome, relative to a declaration alleged
to have been made by the Marquis de Lavalette to
the Pope. It is understood that as long as our
troops are at Rome the Holy Father will have
nothing to fear from an invasion. It was, there-
fore, not necessary to inform his Holiness of the
fact of the two declarations contained in the tele-
gram; one is, therefore, superfluous, and the other
is contrary to the policy which the Marquis de
Lavalette represents at Rome."

THE ITALIAN SENATE.

TURIN, AUG. 20 (Evening).

To-day in the Senate Signor Giulius requested an
explanation from the Government of the recent
events in Sicily.
Signor Ratazzi replied that the Government con-
sidered Garibaldi in a state of rebellion and the
situation of Sicily grave, but hoped that the diffi-
culties would be surmounted. Signor Ratazzi also
stated that, according to intelligence received from
Messina, the communication between Catania and
other towns was interrupted. General Melia, be-
lieving it to be the intention of Garibaldi to pro-
ceed to Messina, had intercepted the approach to
that city. Garibaldi, however, profiting by the dis-
tance of the royal troops, rapidly directed his march
towards Catania.

The Government had sent troops to Catania, and
the fleet being in the waters off the town to oppose
any embarkation or disembarkation of volunteers,
it was hoped that in a few days Sicily would be re-
stored to its normal condition.

The Senate, after hearing Signor Ratazzi's ex-
planations, adopted the following resolution :----
" The Senate, convinced that the Minister will
act with the greatest energy, in order that the law
and the dignity of the Crown and Parliament be
maintained intact, passes to the order of the day."
The Chamber of Deputies and the Senate will
assemble to-morrow in extraordinary sitting, in
order to receive a communication from the Govern.
ment.

TURIN, AUG. 21.

The Discussione of to-day publishes a telegram,
announcing that the entry of Garibaldi into Catania
took place without any conflict, the city being de-
nuded of troops.
The same paper mentions a rumour that Gari-
baldi will soon embark.