The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-22
CUMMEKClAL AFFAlRE.
MONEY MARKET

f-rrrA Hf10ays April AID, =. M.
The stock market opened steady this morning, and
prices did not vary fraction at the first board with
very limited sales Soon after the session Of the board
commenced, the steamship Sarah Sands, from Liverpool
with nine days. later intelligence, announced by
telegraph Business Of oil kinds suspended ct once,
and the most intense excitement existed An Ertra
Herald issued ct two O'Clock aud the spread
the city with the greatest rapidly politically the
advioes Of the highest importance commercially they
do not amount to much but considered rather favor
able than otherwise The whole Of Europe is in COM
plste blaze from the White Sea to the Mediterranean
from the Arctic Ocean to the Straits Of Gibraltar; and
what will be the result Of the present state ofthngs in
that section Of the world can tell That there
will be general Throughout Europe, we do not for
moment doubt In fact the ball has already commenced
rolling-no power earth stop It, II il the only
thing that oan prevent OWL war now in any country
general war throughout Europe would be the
best thing In this world for the govern
msnts-it would consolidate them, give employment
to the refractory Spirits and act . safety valve
to let OF the superabundance Of patriotism, attract
tho attention Of the people, and bring order and
shape Of tho confusion and chaos which Is almost
universal A foreign would now be the salvation
Of the French Republic would do away entirely with
those dissensons and that distraction which threaten
the destruction Of the provisional government. The
military movements throughout the continent must
suit in something. collision between any two of
the leading powers would be the sgoa for general
plosion. This what expect and 1t may be
at hand than generally imagined.
The list Of suspensions in France IL .nng and
the financial endorsements were becoming moro OPP
pressive. The provisional government endesvoring
to raise large loan from the Bank Of France and public
and private finances in horrible condition Busi
ness of all kinds at complete stand STILL the minds
Of the people being filed with anything else but trade
and commerce. In England everything was COMPARE
lively quiet; prices for had experienced very
little alteration Cotton had improved but the advance
had not been sustained BreadstuRs had slightly
ceded but there little doing that quotations
merely nominal. The London money market steady;
capital abundant and consos firm at previous quotations
We are happy to announce that about GEO 900 of bills
drawn by the Canal Bank OF New Orleans the Roths
chds have been accepted leaving only about El0 900
approaching maturity, which had not been presented
This will give great relief to PARTIES hero, and will pre-
vent shipments Of sp,cis to this extent must have
gone forward In the Of thess bills being returned
The Canal Bankhss noted very promptly In this bust
ness and It is our impression that 1t will keep clear Of
all future dealings with the Rothschids AZ ~ the
bA NIX received information that iis bills had been noted
for protest. collateral security was Immediately demand
cd of the agent of that house for drafts held against tho
prfnsipals for one hundred thousand fancs The only
security he had 10 oerwas their letter OF credit which
he deposited with the ank Subsequent to this the agent
Of the Rohschds proposed to open account with the
Bank Of Louisiana which proposition was at once de-
clinsd soon a. tEe Canal Bank heard that Its bills
had been dIsbonored, arrangements made to take
nm .v.rv hill that hsd been drawn The credit Of the
Rothschids has received shock frem the events which
have transprod In Europe within the past sixty dsys
which n will perhaps never recover from.