The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-21
COM II ERCIAL AFFAIRS.
MONEY MARKET.

Sunday, Feb. 2O-6 r. M.
The stock market has been repeatedly agtaed during
the past week by events calculated to influence prices
for good for evil The arrival Of tho steamer from
Liverpool the reports relative to the negotiation Of the
loan by foreign houses and tho passage
of the loan bill through the House of
things have had effect upon the stock market and
prices have been inflated and depressed from time to
time, as they have TRANSFERRED Tho most important
movement during the past week, connected with our a.
nances the passage of the loan bill through the lower
house Of Congress There Is great difference Of opin
ION among capitalists In this market relative to It's
tiou many being under the impression that cannot
be negotiated in the shape proposed at par while other
believe tbat the whole will be taken at the terms
proposed 1t will be reoolscted that the loan
taken by Corcoran Riggs the government brokers in
Washington, the Rothschilds Of America, at fraction
above par and sold out to In this other
ces in lots ct prices varying from to ak
per oset par. At the time the last loan taken
there was considerable excitement created In the
financial circles OF this and other markets, In
quence the result of the bids made for its negotiation
The opposition organs accused the Secretary of the
Treasury COLLISION with the government brokers' and
the most dshonorabe charges made against all
concerned in the disposal Of the loan. The cause of
these attacks the fact that the cgues they repre-
scented sadly disappointed and in their attempts to
shave the government much possible they lost
the prize they considered secure and the fortu
nate bidders In for share of the abuse Of the
gsns Of their rivals.
We should not be surprised the same scenes set.
ed again. and Of charges brought against the
head Of the Treasury Department the Fortunate bidders
for the loan aud oil concerned similar to those made
of last year. We prepared for all this and should
rot be surprised to greater excitement than
previously existed There is not so niue h margin for
bids ths last loan and there may not be much diff
culty portioniDg the amount The bids must be
at par above and the most favorable Of course gets
the b'gsest slioe wanted The Wall street capitalists
must bear In mind that the fraction ofa per cent
above all other bids has the preference and large holders
may lose their chance by the smallest trihs The result
Of the last years operations may hsve favorable effect
upon capitalists aud then, to calculate
closely than heretofore.
70 Is rumored in financial circles in this city, that
Corocrsn Riggs the government brokers ct Washing
oa will bs the successful bidders for the whole of this
loan, and that they will retail 1t out to those who may
want It. In lots to suit purchasers the current
price also stated, that the loan Is nego-
tated, the government will make public all the infcr-
nation In its possession relative to peace and that that
information is such as will have a favorable influence
upon government ,tock and enable those who succeed
IN getting the loan, to make handsome profit by the
advance These tho reports current in w all sreet
and give them for the benefit of those nterested In
the lean thst they may govern themselves accordingly
AS the loan Ia disposed Of have doubt the
value will advance In this Market and the rst
holders will be able TO get rid Of all they wish several per
cent above par whether there Is any foundation In the
reports relative TO peace net The fact that the loan Is
disposed of-tbat IL is out of tho way, and weighs
longer upon the market-wi have favorable influence
upon the banks and doubt produce greater album
dance OF monsy tnd cheaper rate of interest Such
was the reru OF negotiation of the last loan and
we see Why should not experience SINH
lar state Of things upon the negotiation Of the present
loan The brokers shrewd enough to
ths and should they succeed in getting the loan by
hasng the most favorable bid they will not escape at
taosstmar 30 those previously made and the Secretary
81 the Treasury will doubt In for his full share
ofsbuse We will see which will carry OF the palm in this
sGsir-Boeton, New York, or Washington The Wall
street capitalists frequently too sharp for their own
interests snd shin little close The Boston bidders
for the laet oan BY those Of this CITY IL
arranged that the bidders for both cities should
agree upon certain per cent which the Boston peope
honcraty adhered but which Of Tho ca pitsss Of
this city volated by putting in better bids This breach
Of conadencs did not avail them much as Corcorau 4
Riggs oyerbid the whole them for what they wanted
md succeeded la getting t. J, would be we'll for tho
Bo,ton eeTitssis to keep themselves completely Ipde,
psndsrt u Wan street In regard to thisloan make
shsIr bids without say undssstsadias wu'