The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-30

CO M M ERCIAL AFFAIRS.
MONEY MARKET.

Friday, Sept. 29-6 p. M.
There was no change Of consequences in quotations
for stocks and the sales limited than usual
Treasury notes advanced u per cent, and Harlem d.
Long Island and Erie Railroad, new, fell OF u each.
MThe treasury loan of eight hundred thousand dol
lars has been consummated. The collector of customs
of this port received this morning dispatches from
Washington, authorising him to transfer the funds.
The arrangement made is as follows:-The holders Of
treasury Eotes to the amount of eight hundred thou
sand dollars, deposte them with the Assistant Trea-
in this city, and receive specie at their par value
with the understanding that at given time, the 1st
of the money is to be returned to the trea
ury and tie parties who borrow it to receive the
AMOUNT in treasury notes again. This not the
asst Of this matter 1t is the first loan of the govern
ment to private individuals made public and we
have doubt it will be followed up by others, when
certain clique of Spectators in Wall street may
wish to get up the price of treasury notes. govern
ment stocks.
By the arrival Of the steamship America at this port
from Liverpool have days later intelligence
from all parts Gof Europe. The news, politically il
rather important but otherwise 1t does not amount to
much. Advices from the continent, relative to the
questions at issue between Austria and Italy,
satisfactory those received by the previous
steamer, and hostities may re.commence at any
ment. The Austrian government was not on the best
of terms with that of France in consequence of the
position taken by Gen Cavaignac; and the mediation
offered by the latter, and accepted, is by means
likely to terminate favorably The Scheswg Holsein
and Denmark armistce will probably terminate before
the difficulties between these countries amicaby
arranged, and hostilities again he peace
Of Europe Is, therefore, precarious ever.
No changes Of any Importance have taken place in
financial affairs. There had been increase OF
f75370 lin the bullion of the Bank Of England and
deorease of f254 045 in the circulation. The Bank
Of France was steadily strengthening itself in the
specie Department. there has been increase of eight
and half millions of francs in the mother bank and
branches since the previous report Since May last,
the amount Of bullion hand has nearly doubled.
while the increase in the circulation has been only
moderate. The value of gold the continent has
increased, which may cause shipments, to
tent, from London. The premium on gold at Paris
was 10a per mille which, at the English mint price o.
f3 Us 10Hd. per nee for standard gold gives an
exchange OF 254l; and the exchange at Paris Lon
don, at short, being 25 37 it follows that gold is IA
per cent dearer in Paris than in London
At Hamburg the price Of gold was 4341s per mark,
which at the English mint price of f3 us 10ad per
for standard gold, gives exchange of 1894;
and the exchange at Hamb urg on London at short
being 49, it follows that gold is o23 per cent dearer
in Hamburg than in London.
The commercial accounts about the q,
previously reported Cotton continued in moderat
demand and prices rather in favor Of purchasers
In consequence Of the complexion Of political affairs
on the Continent several large orders had been
fernandez, and the manufacturing districts were
therefore, in less active state than few weeks before
few days of fine weather had created sanguine
pecaons Of average yield in the grain crops, and
the corn markets not active. Prices for all
descriptions of grain were dropping, except Indian
The injury to the potato crop admitted to be
full large reported earlier in the season, and
opinion is expressed that large quantities of Indian
corn will be required to supply the deficiency in that
important article of food for the lower classes. The
advance in prices for this grain in the face of de-
cline in almost all Others is the best indication in the
world Of the probable demand for this species Of bread