The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-24

Government and State stocks generally, have i'm.
proved in prices, in the face Of very limited demand
and in the face of the loan of sixteen millions of
dollars which must soon come upon the market. This
is pretty good evidence that they strongly held
and that holders consider them good Investments at
present prices Even spectators afraid to part
with Them fearful that they will not be able to get
them back again at lower prices With the exception
of two fancy stocks which have within the past
day two advanced very much quotations for stocks
range very low; and any improvement in the money
Market in prices for staple products, in COM
mercia affairs generally, would create activity In
stocks, and an advance in quotations.
The new government loan of sixteen millions of dol
lars is exciting considerable interest in financial cir
cles 1t is the impression in Wall street that the whole
amount will be taken in this country that bids for
three four times the amount will be made and that
the premium will range from quarter to per cent
1t is possible that bids from the other side may be
ceived; but the negotiation Of the loan will, by
means, depend upon offers from England The stock
will sell better in Europe, after the loan has been
gotiated in small lots and have doubt there will
be a moderate demand for it, at handsome premium
upon the first price.
Mexican affairs have experienced no change, and
the indefinite nature Of accounts
the seat of government of Mexico will doubt have
some influence upon the premium bid for the loan
1t possible may receive something between this
and the middle Of June of encouraging charac-
ter relative to the ratification of the treaty of peace
in the event Of which the loan would be taken upon
more favorable terms, and the bids would be to i'm
mense amount 1t is impossible to form any opinion
at this moment of the probable result of the negoa-
tions or whatever they may be called at Queretsro
The commissioners appointed by the President and
Senate the part of the United States had at the
last accounts made but little progress in the business
would be detained for the want of quorum of Con-
gress All kinds Of rumors in circulstion but they
entirely speculative, and to be received with
will not be satisfied with any thing short of constitu.
tional ratification 1t has been stated that the Presi
dent of Mexico would in the event of a quorum Of
Congress being out of the question: declare the treaty
ratified II two-thrds Of the representatives present
voted in its favor but that would not be constitu
tional manner, it could not be binding upon the ma
ton and should not be accepted by the government
Of this country.
The public mind throughout the country has nearly
lost sight Of this important question. 1t does not in
terfere much with commercial m tiers and only with
financial affairs far the creation of loans
concerned Trade between the two countries has been
partially resumed and the occupation of Mexico by
troops is nearly effective If the process of
nexation had been consummated The expenditures
have been largely reduced the establishment Of
troops at the principal points complete, and it is
a question in the minds of largo portion of the COM
munity, whether it would not be better to hold to
what have, than to abandon our position, and
trust to Mexican honor and honesty