The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-28
co M NJ RRCIAL AFFAIRS.
MONEY NIARKEV.
Sunday Feb. 27-0

MONEY MAFKEV.
Sunday Feb. 27-8 p. m.
Daring the past week there has been considerable ex
citement in the stock market Prices have rapidly sd
vsnced, and as rapidly declined On Monday an Extra
Herald announced the arrival Of special messenger at
Washington from Mexico, with treaty from the late
commissioner Of the United States made by him with
the Mexican government. The effect of this announce
msnt upon the stock market electrical prices in
stsny advanced and outsiders came In with confidence
and purchased largely. This relieved the market Of
great deal Of Stock and It almost the universal OPT
MON that farther improvement in prices must be real
lied day two after the reception Of the treaty at
Washington, the stock market continued firm, and
holders not disposed to SELL at moderate adj
vance as the ratification of the treaty appeared almost
matter Of certainty The sud- illness of President
Adams and the suspension Of business caused by that
event. delayed oil action upon the treaty and gave the
stock spectators Of Wall street time to cool of and time
for lection The delay also gave tho Spectators
plenty Of time to circulate ell kinds Of reports relative
to the treaty and the most ridiculous so. made
for Wall street consumption. 1t first stated that
condition similar to that Of the Wim provlso in
serted in the treaty and that its ratification entire
~ out Of the question: dozen other statements equally
currently reported and the public mind
became very much unsettled
The only correct synopsis of the treaty given In
the Herald Of the Goth inst and the from which
that was derived gave it semi official character and
settled all doubts upon the sutjsct. Asso the Will
mot proviso condition exploded the opposition conferred
upon the section which provided that grants Of land In
Texas, made by the Mexican government prior to the
year 1886 shall be respected by the United States,
the most Objectionable part Of the treaty and
80 to condemn It. The bulls and bears Of Wall street
are less able to form correct opinions relative to the
treaty, anything else connected with public affairs,
than any other class their interests change almost
every hour to-day they may be In favor of q treaty
In almost any shape, and tomorrow opposed TO any
movement calculated to bring actual peace upon any
terms The longer all action upon the treaty is delayed
the less confidence those connected with financial and
commercial affairs will have in Its ratncation an the
less anxiety the public generally will have for Its favorable
confederation The public mind is easily and
easily aayed that tho treaty in few days will to
create any wonder and in the event Of its rstfcs
ton, will give place to something else This feel
ing Is pretty we'll understood in Wall street. and the
shrewdts. operators Of that section take advantage OF
the imitation in prices produced by the temporary
element The treaty has been Of advantage to both
bulls and bears during the week. It enabled the for
msr to rese at handsome advance and the latter to
make new contracts at higher prices.
There doubt but that the apprehension relative
to the ratification OF the treaty has been the prime
cause of the decline Ia prices for most Of the fances
1t s however, reason why prices should touch points
lower than those ruling previous to the
that such document had been received or even had
been made. The advance might have been premature
but he decline certainly unwarrated by the present
position CT Thugs generally.
The treaty Of peace with Mexico already presented to
the Senate has bsen made with the existing
of that republic with the sid and advice of the
sentatives oftne British government and OF the princ
pal capitalists Of Europe and with the consent Of Santa
Anna the principal leader of the military opposition
party ia that country 1t is true the treaty had been
ratified by the Mexican Congress and there has been
vast deal Of ipfornaty In the mode of negotiating on
the part United but that does not Affect the
authenticity Of the treaty make 1t less binding upon
the Michigan government in the event Of It's ratification
Az precedent, 1t may be dangerous one and
should by all means be adopted to prevent
such proceedings Should it, however, ranspire that MIR
Trist hes been acting under secret orders from the Exc
cutive all these fall to the groundsnd that he
has pretty generally believed from the fact that the
President has sent the treaty into tho Senate with bis
enforcement Should the terms of the treaty be sats
factory TO the Senate the fact of its having been
ratified by the Mexican Congress may chi sction to
its Immediate ratification by government; this will
however be merely matter of time and all doubts
lstive to peace will BIS removed Hostiltics in the
msantims will have ceased the expenditures par
TALLY reduced and the end and object Of stock specu
lators accomplished. The Rothschilas Of Europe,
and the host Of speculators in this country, have
for long time been closely Watching tie o.
things in Mexico TO catch the gmmeripgs peace
for the purpoce of taking advantage Of It's nasencs
upcn financial at IRIS Tho Rothsehilds have. through
their agent In Mexico, who Of the prime
IN inducing the Mexican government to come to terms
been early app scd of the probable result of the pend
ing negotiations and they have without doubt proted
largely by it, by purchasing State aud govern
ment securities United states 6s aud Treasury Notes
nave within the past three weeks advanced three and
FIVE per cent, aud good State stocks have improved
NEARLY as much. This has been the result of tho
icot rumors Of peace and the agents Of the bscds
we're no doubt, officially informed of the facts and in
po.see.on of oil the necessary information when the
rumors which have no long been floating about were
hrst started The tresty was not signed until the ID
inst butt must have bean determined upon ,ous tim,
previous to that The spectators of t country have
had the intelligence, second hand aud have had to play
second fiddle the great capitalists OF Europe whose
sources of information uplimicl, aud whose fnan
cal power enormous from It's connection with all the
principal governments OF the world except this We
yet out OF their power but bow long shall remain
so, depends upon future ex 9eEditures.
The Mexican treaty may not b. disposed Of for
time Its varou, sections WILL doubt give rise to
debate In cutive seton. In the
time, advces may be received from Mexico Of It's rau
ncetion by the Mexican Congress Later intelligence
rom that city daily expected and fully due, andevsry