The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-12

com M ERCIAL AFFAIRS.
MONEY MARKET.

Friday, Feb. 1l-6 p M.
There not any material variation in quotations for
stocks day Transactions in the fancies
extent At the first board Long Island advanced per
cent Harlem l; Farmers Loan Nj Reading Railroad fell
eff per cent; Reading Bonds u; Reading Mortgage
Bonds IA Pennsylvania SIS III Morris Canal closed at
prices current yesterday There has not been much i'm
provsmsnt during the past week in any fancy but Har
lem, and the advance In that has not been much
might appear from the length OF time since the improve
ment commenced. Reading Bonds and stock seem to
be In bad odor with the SPECTATORS and tho bears
getting prices down very rapidly.
The announcement In the street yesterday Of ths ai
lure the house. Of Du Launay& ofPars and ofths
branch Of the house in this city caused for time
excitement it not known what the amount Of LA
bilities was, what amount would fall upon parties
here We have since learned that the amount Of losses
here will not be very large the house has not been In
very good credit In this market for time past and
bills the Paris house have not sold very freely to the
French importers in this city The heavy losses of th'
house. sometime since by the explosion OF some cotton
SPECTATORS and the recent sses the large quant-
ii Of breadtunit held, weakened the concern very
much and It's wealth has since bsen much overrated
Many cautious importers have purchased the bills OF TINS
aud other European houses, credit to be PAID Ior
when advces were received that they had been hopered
the other side in this way they have avoided al
risk and all losses The standing OF these foreign houses
here depends entirely upon the sire Myth and standing
of tho head of the concern the principal OF the houo
on the other SIDE and II the head goes the tall s sure
to follow The.houses Of Bopnafs & Co.. and Du Launay
Co of Paris are an illustration Of this and It has been
40 we'll that reliance has been placed upon
the here and the bills Of there concerns avoid
al IL would be we'll for those remittng bills ofexchange
ON Paris or any other place Europe to look to the Gre
dit and standing of the drawers here to avoid all bills
drawn by branches of European houses in this city and
purobsse only of houses Of well known weslth In the
United States of whose credit has been rer
manently established here.
By recent advces received from France the rsvulson
appears 10 have been general and Is spreading rapidly
on the continent. The large failures reported by our
last accounts show that the which created so
much commercial dsaster In Great Britain have existed
for the continent and the effects begin TO
make their appearance. We shall not be much affect
cd by the revulson in that section, when II
raging in England; and il importers only avoid
remtng bills Of exchange drawn by branches Of houses
located In the continental cities they will not be seri
sufferers by any Suspension which may take place
Whatever remttaDces they make, let them be Ia bls|
drawn by good houses here let them look as much to
drawer to the the bills drawn aud then
in the result Of failure the other side they have rod
to the hare, which they.havs not IN h
csss Of Bognsge 4 Co., and pu Launey X Co,
The annual oino!al report Of the Harlem Rail Road
Company, made 70 the Legislature showing the soa