The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-12-13
MONEY MARKET.

Friday, Dec. s2-6 r. M.
There a better feeling in the stock market to-day
The transactions very extensive, but there
slight improvement in quotations. Ohio SIS advanced
/; vicksburg, II Farmers Loan, ! Morris Canal !;
Canton, Reading Railroad, II Norwich and Worces-
ter, 81 Erie Railroad, / stonington Il Long Island
J. Harlem closed firm at yesterdays prices. At the
Second Board Reading Railroad advanced per cent
Canton Long Island, 3; Norwich and Worcester, ).
The Improvement in quotations for fancy stocks, ep-
pears to be nearly rapid as the decline was Some Of
the railroad stocks have advanced almost as much
they fell of. Money continues plenty Loans are daily
made at five per United States 6's, security
and there is at present every appearance Of another
speculative movement. II cannot, however be but tenn
ary there many things of important cha
racter likely at any time during the session of
Congress- that the bears will get hold of something that
will break down the market again. and perhaps produce
another panic.
The war nearly subsidized and the stock specu
ators will without doubt be again actively engaged
in drumming and drawing in the ou operators The
probabilities Of a have all sides been much mag.
nfed and those who have been the most alarmed have
Upon reflection become Invested Of their fears very
large part the whole panic produced by the bears
of Wall sreet-their object having been accomplished,
they taking different sides and striving to allay
much possible, tho excitement they were promi
producing There have BEEN within the past five
years, than twenty wars with Great Britain, If
we may Judge the statements made by stock spccu
lators We have been near rupture with Great Bril-
tain more than dozen times within the past two
years according the statement of politicians
now and yet peaceful relations have been pre-
served and instead of connection becoming weak
ened, it is becoming stronger and stronger every day
There at all times hundreds of bear Spectators
ready at all times to magnify any little difficulty that
may arise from time to time in foreign relations by
the circulation of false reports by manufacturing foreign
correspondence for home consumption and any other
of like character, for the purpose of depressing
prices of stocks and merchandise for the time
BILE them to purchase during the heghth of the panc
and ruin those who easily frightened. These things
are done so often that it matter of establishment to
us, that many be found having such limited
knowledge the position Of this country with all Others
as to be nmidated by these manGuvres of the bears in
all branches of business made believe that the
whole country, and particularly those engaged in
merce, sure of being ruined. These pancs sc.
nsrally of very short duration While they last they
run high but subside rapidly they advance. The
recent panic in the stock market depressed quotations
for Of our fancy stocks fifteen and twenty per
cent but since the fever has sbaed the loss hes nearly
been recovered. These ups and downs in the stock
market are experienced almost monthly but the bears
at times have great deal OF difficulty in depressing
prices particularly when the bulls toleraby strong
and at those times nothing oprepos a a
rumor. Any movement of the Government likely TO
create any excitement in regard to foreign relations
is allowed to pass, but is seized hold of by the
bears who generally make much capital of it in Wall
street The variations in quotations for fancy stocks
have very little to do with the probability ofany diff
Guilty with Great Britain Local causes have more in.
fuence upon the market value ofncy stocks than any
thing else.
The political and commercial position Of the Govern
ment Of the United States and Great Britain is Of such
vast importance that it becomes almost an impos-
sbility to create rupture between them In connec
ton with this, there is at present for the
cited feeling existing in relation few degrees Of ter
rtory in dispute The official espondence just pub
shed betweenthe British Minister and the Secretary Of
State, throws much light upon the subject and shows
that there are many ways of settling the question
in dispute Negotiations have not yet failed, and
when they do fail arbitration steps in and arranges the
difficulty Two countries intimately connected in all
their commercial relations, necessary in promoting
industry and prosperity in each other be drawn
into upon dispute involving territory OF only
four degrees of latitude in extent Arbitration is the
alternative Of the present day. in settling any difficulty
that may arise between two nations, and we hardly
think it will not be resorted to now, when the whole
world is deeply interested in the preservation Of
peace particularly with the United States
Our government will, without doubt give the requlr
Oregon territory south Of the degree Of latitude
south Of the mouth of the Columbia river and form
territory Of that part to be regulated the laws the
United States This have perfect right to TO-
disputes claim to that line. The disputed terri
tory would thus be confined to the tract of land between
the mouth of the Columbia river and the 4oh degree Of
latitude separated from the territory south of that line
claimed by and north of that line previously offered
to Great Britainthe joint occupancy to continue in
a. A.
tied by negotiation, arbitration, This will pro-
badly be the result Of the present agitation of this sub
ect and this arrangement cannot be Objectionable to
any party Our citizens. settling in Oregon south OF the
Columbia river will be protected by our laws the Same
the subjects OF Great Britain have since 1921 been
protected by the laws Of Upper and Lower Canada An
arrangement this question, upon this basis would al
ford every facility to American settlers, and enable US
to establish the prosperity existing throughout thu
States, upon q ba is that coull not we'll be shaken
! So long difficulties with Great Britain upon TINS
or any other question are anticipated. long will com.
mercial affairs continue somewhat deranged The ee-
mens OF perity were IN more favorable con-
don than at present and it ia important than
that our foreign relations should be settled permanently
ani satisfactorily. Alterations in commercial sys-
| ten are in conempla ion, which, IL perfected, must
move immensely valuable 10 the various interests Of
both countries Our banking systems about under.
going complete modification, and the adoption OF the
Sub-Treasury system will create revolution in the
currency, and establish upon actual specie basis
| The expansion commenced by The banks, in almost
every state in the Union, rapidly drawing the CON-
mercial classes into operations similar those that pros
tratcd them in 1897 and 1885, but the prompt action Of the
Administration, in recommending tho Sub Treasury plan
for tho regulation OF the Government finances checked
the innat'ons and compelled the banks to very
cautiously in their operations The large surplus re-
venue Of the Government on deposit in banks situated
in every section Of the country which the passage OF
the Sub Treasury act would draw from them In specie
acts ms healthy check upon any expansion they may
be disposed to attempt which guarantees In g. eat de-
gree the continuance OF the existing volume of the cur
rency, and prevents any farther depreciation in value
In connection with the improvement in the value OF the