The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-04-24
o S II s c. K [ p L
MARK FIT.

pa wv
The stock market to-day has been again quite ami.
mated, and stocks have gone up rapidly. Illinois es /
per cent; Indiana rs o; Delaware & Hudson 81; Ken
lucky 6s a; Ohio ]; Mechanics Bank 8 per cent; Bank
of America l per cent; Long Island I Canton II; Far
mer's Loan st; Harlem 1t.
A sale Of cloths was made today which evinced some
Improvement, but was much more than former sales
mode by other auctioneers.
The Bank Of Kentucky has recognised oil the stock
issued by Lewis of the Sohuylkill Bank.
The stock market has received a great impetus in con-
sequence of the advices lately received from abroad by
the Great Western. We have received, from sources
entitled to the highest confidence, intelligence that Lord
Aberdeen and Mr.. Everett had, in negotiating arrived at
such results, as formed a fair basis upon which terms of
settlement, for all the questions in dispute between the
tive countries, could be amicably formed. The special
messengers arrived in the steamer, were charged, It is
stated, with the outlines of the negotiation for con6rma-
ton by this government. This, of course, entirely ,su.
persedes Lord Ashburton's mission, and he will proba.
bly, go home as soon as his private business will permit.
The results arrived at by Lord Aberdeen and Mr.. Eve
rette, were fastened by a concurrence of events. The
state of affairs in the East rendered it imperative upon
the English government to remove, without delay, all
cause of d~isquiet in this country, and the mission of
Lord Ashburton naturally prompted Mr.. Everett to be
active, in order not to have the business taken out Of his
hands. 1t will be we'll for him if he has not left a loop
hole, by which Great Britain may renew the quarrel
when she gets more at leisure.
The probable settlement of the difficulties seems to
have been current in London, in consequence of some
expressions dropped by Lord Aberdeen, and produced
some desire to speculate in American funds. The OPT
MON abroad seemed to be, that the extreme low prices
of stocks here arose from panic generated by the state OF
our foreign relations, and that the removal of fears on
that head would cause a reaction, in consequence large
orders for investment 10 low priced stocks were sent,
which have been executed. Mr.. Moulton and Mr.. Fas.
tenrath, who came out with the Great Western, were
aware Of the state of things, and it is to this circum.
stance that a rise in stocks may be attributed. This, OF
course, is no solid basis Of improvement, and a reaction
must take place. Illinois, Indiana and Pennsylvania
stocks have risen S to 10 per cent, and yet no one be.
lieves their actual value to be any greater now than 80
days since. The States have done and will do nsthing
towards paying their debts. The " bulls" in the stock
market make the most of affairs, and have it all their
own way. 1t is very evident that the rise cannot be sus.
tanned. For business generally, there is more real
ground for improvement prices are very low, and the
actual wealth of the country very great-the canal is
open, and there is no expansion Of paperto create fears
of a sudden reaction. The elements of a large inland
trade are in operation, although the state of our foreign
commerce is not Immediately SO promising. Our great
staple, cotton, is very low, without chance of immediate
improvement, and on that mostly depends our means for
meeting foreign demands. The new bill of Sir Robert
Peel will undoubtedly increase the commercial inter.
course between the two countries, il absurd legislation
an our side does not counterfeit its beneficial tenden
ci0a.