The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-03
COMM ERCIAL AFFAIRS.
MONEY MARKET.

TuesOay, may do Fs NE
The advicss received from Europe by the steamship
Americs not considered at all favorable Upon the
first receipt Of the Intelligence the effect upon the pub
lilo mind was snooursgng but 1t owing particularly
to the political complexion Of the accounts rather than
to any satisfaotory commercial accounts. As
the eject OF tho favorable termr alton Of the Chartst
movement in London had passed away, and the excite
ment growing out of that event had subsidized
the actual condition of commercial affairs In Great Bril-
tain and the Continent began to be realized and the
result great depression ~ experienced previous to
tho arrival Of the We cannot anticipate any
thing from the other side but the most gloomy 40
counts and 1t will be best be prepared for the worst
The whole continent of Europe will be in perfect csul
dron of political agitation for long time; and In the
msaptms the Of trade will become changed and
more directly emanate from this country than ever be.
fora While the nations Of Europe will be engaged in
rssabshins their political systems and forming new
governments We shall Be actively and doubt more
successfully engaged In consolidating financial and
commercial systems and placing ourselves in position
to take advantage of the order Of things which msy
spring ND in Europe. We have changes to make in
our political systems, they as perfect As man can
make them and our whole energies and our whole
resources will hsncsforth be exsrtsd to improve, In
Grease and extend commercial intercourse with the
world and this country the grand centre Of nan-
cisl and commercial operations.
At the first board to-day, Long Island fell Of 4 per
cent; Harlem, 4 Canton, u; Norwich and Worcester,
\; Morris Canal, III Indiana bs, u Reading Railroad
per cent? and ell others closed at prices
rent yesterday.
The Bewery Bank has declared a dividend Of four
per cent upon its capital for tho past six months
Tha Eagle Fire Insurance Company have declared a
dividend Of 1--WE per cent.
hot he inf n.
sion of large shipping house engaged in the Havrs
trade is without foundation. The rumor had gained
considsrsbl. currency in Wall street, but are official
" informed that II 4. Incorrect In every particular
The run upou the Bank Of Mobile, which commenced
on the aad OF April had nearly ceased the 2bth. An
additional numbsr Of CLERKS had been employed to pay
out the specie 10 payment for bills presented and oonn
d.ucs was becoming re established. This 10 one of the
best banking institutions in the southern or south west
crn States and evory bill IL has in circulation could DO
promptly paid in specie at Its counter.
Tho receipts of the Long Island Railroad Company
for the month Of April ls4s were $ll27i OIL, against
$947S "a for the corresponding month In ls47 showing
an increase Of 81 this year. equal to about IL per
cent There were sI5 passengers transported during
the month just closed.
There has been but moderate demand for sterling ex
change for this packet The best drawers are asking IL
TX per cent premium which Is equvaentto refusal
10 draw Bills Paris drug in the market, and no
enquiry at all for them Public confidence has become
no much shaken by the position of political cia
and auancal affairs in Europe, and in all parts OF tho
world that tho only regulator CT balances Is tho pre-
cious metals
vhs annexed statement exhibits the quotations for
tho priucipsl goverpm,nt and State stocks In this
wsrket for three periods -