The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-03
CO CIAL AFFAlRS.
MONEY MARKET.
0..-SHAux a ua,sil "A q u


very uniform but the have not been large
or the demand active Tho market at the close Of last
week In consequence Of the absence Of the
steamer and tho anticpstions relative to her advices
were by of favorable character PriceS Sa
turday last therefore dropping. On Monday the
fact that the steamer must be near at hand, had o
tendency to check operations to great extent and hold
ers were not disposed to force their lists upon the
ke On Tuesday night after business hours had closed
the arrival Of the steamer Boston announced and
by midnight her came to hand by telegraph. We
published very full and interesting accounts In the He
raid on Tuesday morning. and the commercial Glasses
put in possession Of the intelligence at an carly
hour. The eRsct of the news upon the stock market
was trinng; In fact Wall street Spectators hardly
know what light to view 1t In The bears and bulls
equally loss how to aot and transactions that day
very limited extent and at average decline
Of about half per cent from prices current tho day
bsfore. There considerable excitement In the
street. and the probable Of the republican move
mcnt in France created great deal of satisfAoien-
Even the French merchants forgot their probable ruin
in the general joy the events in Paris produced On
Wednesday the stock market dropped little; but tho
rapid decline the bears looked for upon the receipt Of
later intelligence, not realized, and the bulls
sgreeably disappointed. little calm reflection had
wonderful influence in reestsblishing confidence and
Thursday the market opened aud closed Arm, without
any material variation in prices the disposition to pur
chase prsdominating. On Friday there . decided
change the better end decided increase in the
tent of the transactions the bears abandoned all hopes
Of important Decline the prospect being in favor Of
a rise. The opening Of the market on Saturday, gave
the bulls great hopes the advance in some Of tho ance
reached and two per cent Notwithstanding the
marked improvement in prices there was anxiety to
sell the advance the prospect of further rise being
sufficiently attering to incline holders to wait the open
Ing Of the week.
Money yesterday was much easier than 1t had
been for some time previous, and there diff
ncuy experienced in obtaining loans, upon the best
security ct seven per First rate business paper
could not BE- negotiated at less than threequarers to
one per cent per MONTH but that is mucsss than the
rates ruling week or two previous Wshsve no doubt
but that the money market will steadily improve, in the
absence of any thing likely to disturb financial matters
The new loan no doubt weighs upon the money mar
ket; but that will be disposed Of The bill has
pissed both houses of Congress- received the signature
Of the President and u.s. therefore law No alterations
were made in tho bill in the ssna.e and stock will be Is
sued for the loan instead of treasury notes 1t is stpus
ted that must not be negotiated below par and
whatever doubts existed relative to the policy of prohi
biting farther issue Of treasury notes at the time the
bill passed the lower house. they have disappeared un
dor the events which have since transpired. Agents
WILL without doubt be sent Europe for the purpose Of
ng this loan, and the prospect Is that they will
be successful The capitalists Of Europe have within
the past two mouths soon that the governments oil
Europe do not stand very substantial basis; they
have seen how utterly powerless q king is in the
hands of the people, when the people act for them
Selves and We have doubt their minds have received
N Impression which will be oblterated Tbs pre-
carous position Of the public debt Of France is sufficient
t, make capitalists trsmble for the fate of their claims
against all European governments There is no other
existence than that Of the United States
which has within the past seventy years carried through
three wars and IL free from debt We have paid in
full the debt Of two
The expenses Of the revolutionary sl35,l9s
7O3 and the debt in 1884, SIS In 1903 Louisiana
was purchased for 0co and the debt in 1894 was
$50 427 100 At tho close Of the last with Great
Britain the debt had largely increased In 1885, the ag
gregste sla7 334 $685. Inle2 Florida purchased
for s500000o; and in 1922 the debt amounted to $685.,
ST. In 1885, thirteen years after the debt Of the
United States sxtinguished In thirteen years we
paid on nearly hundred millions Of indebtedness
The deb. Of this government will not vary much from
one hundred millions of dollars when the war with
Mexico is closed and that amount compared with the
existing resources of the country, is tribe. We can
pay ths whole Eft Of in years. necessary but
portion of 1t is or will be in twenty years. stock the
pre- MUM upon it will be large and the demand for 1t
80 much greater than the supply, that It will be held
with the greatest tenssity. There is not another In
stance similar to thc in the history Of any other country
in creation.
The annexed table exhibits the quotations In this
market for the principal speculative stocks for each day
of the past week. and the close Of tho week previous
It will be perceived prices do not vary much from those
current on Saturday last
QUOTATIONS ron THE PRIrcIrAL SrocKs IN THE New
YoRK MARKEr.
Sat Mon. Tues Wed. Tbs Fri. Sat
Treasury Notes 6s.. .l6lL lolM loIM l0A l0lM lolM
New York State S.. "a, 49,,
Ohio SIS. y65h so& VI W - yh
Kentucky S.. 80 98k
PENN ylvania S.. 72A 7sA TAX TH Is -
Iudiana state S.. Gh $50 -
Reading RR Bonds. SIN 57L 3ex 53H 3tA -
Reading Mtse Bonds 6, SO sok =
Re ding Railroad 3Sz SIX 3S 96k 81 NA
Nrrweh Wor.... 35x S3H IS 3oA
Erie kairoad, old. SIX 59x 90