Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-10-04

New YORK, September 2S-The following is
additional by the Anglo-Saxou:
The stirring news from America, brought By
the Europa and subsequent steamers, Was the
theme Of universal Comment The defsst Of
POpe's army was regarded as most disastrous for
the North; but the valor displayed by the north
ern troops ct the second Bull Ran bsttle is gem
orally admitted.
The Times admits that the Federal troops
fought with more than ordinary courage; that
their two days fighting rescue5 their military
character from reProach; but everything except
that honor for them is but dust. The gallant
stand which the Fedsrals made only takes the
sting Of disgrace cat Of their overthrow.
The Times argues that the Federal govern
ment is brought 10 the verge OF ruin, aud be-
lieves that suca 8 term may be safely used VIXEN
it is no longer safe to execute the functions OF
government in the capital. 1t argues thst, bad
as the prospects Of the Federals now appear,
there is no element of better prospects in future
The Daily Ne'rs admits the severity of the de-
feat Of the Fedsrsls, aud thinks there will be
more bloody battles in Maryland.
The London Star considers the Northern cause
hopeless, because the emancipation Of the slaves
of the Southern States has not been proclaimed.
1t urges the adoption Of that measure.
The London Herald thinks the Moth viii DO
well to consider the expedielcy Of making a
compromise WIN LD5 OOuGQ az once
The MOrajHg Post points out the ground in
which the COntederdte government may claim
recognition from European powers
The question Of subs bstitutes for cotton attracts
more attention. Practical men express little
confidence in the substitutes offered.
Il is reported that three OF the finest steamers
on the Cyde-the TroRa, Giraffe aud Clydos-
dsle-havs been sold to the Confejerates.
The Liverpool Telegraph says that, besides
the commissions committed TO others, the ship
builders are employed by the Confederates, and
work is being pushed forward with all possible
dispatch.
a large iron plated ram is being constructed
on the Mersey, without any attempt at conceal
ment This ram will be of the most formidable
character She will attempt to run the block
ade of Charleston.
The same journal says that vessel is lying
at Liverpool taking ON cargo of iron plates,
destined for plating Southern vessels, which are
awaiting their arrival at Charleston
The Roman question continues uppermost in
France, but there is nothing to indicate move
ment.
ITAIY.-Ths official Turin Gazette defends
the government for not declaring its intended
course toward Garibaldi. 1t says the law has to
be executed, and Justice take its course.
LIVERPOOL, September lS.-B-eadstuffs mar
keL steady aud generally unchanged. The au-
thorites report -four quite steady. Wheat
steady; red Western and Southern IS. I0d. F.;
white Western Il0 t25 Corn firm; mixed 293.
Beef inactive; downward tendency. Pork
fat. Bacon quiet, steady and unchanged. Lard
active and D25. higher
LATEST MARKETS, VIA LONDOSDBRRY.- -
LIvERPOOI., September I9- Breadstuff5 quiet
and irregular Flour has declining tendency.
Provisions quiet, firm and unchanged.
Cousols closed at 93s 093l for money.
American securities quiet and steady
The bullion in the Bank Of England has de-
creased E247 900.