The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-23

COM MRRCIAL AFFAIRS.
MONEY MARKET.

AOuuuy, INuy $50 We
There general improvement in stocks to-day;
but it the result Of local causes than from
any favorable influence of the foreign news At the
first board to-day Long Island advanced x per cent;
Harlem, 2x; Norwich and Worcester, z; Canton, l;
Farmers Loan, Vi Morris Canal, "A Erie Raroa d,
new, 1; Reading Bonds, 3
At the second board Harlem advanced per cent
with moderate sales Long Island y; Farmers Loan,
Il; Reading Railroad, ~; Erie Railroad, new, 4.
The Caledonia ut Boston, from Liverpool brings
days later intelligence The advices, both poti-
cally and commercially important and satisfactory
The progress of the revolution is encouraging, and
there is fair prospect of things settling quietly down
As the constitutions of France and Ger
many havo been adopted and established may look
for definite action the part the
the people, and rapid progress in the consoda
ton of the republican form of government At the
latest advices all confusion the riots in the pro-
vinces of France indicated slight disaecton, but not
to extent calculated to shake the government to
intmidate any degree the leaders of the Assembly
The mobs Of Paris any other city of France have
vulnerable point to attack-they have no indi-
vidual to deposc from power to politically destroy
their attacks hereafter must be against the people,
against the national assembly, against the elected re
representatives. of the masses; and all their cnmity all
their most bitter prejudices, will be in vain cx-
pended in their efforts to shake that portion Of the
government. There be more revolutions In
France there Is nothing to revolutioniSe the pco-
Pile rule, and the influence Of mobs is at an end.
From this time forward France will be republic and the
favorable manner In which the form of govcrnmen t
has been changed the best evidence in the world Of
the moderation and discrimination that will be exer-
cised in perfectng the system which has been adopted
We understand perfectly well in this country the little
Importance which attached to political mobs and riots,
far the safety is concerned They
here directed against particular abuses and
very seldom directed against any individual SO it will
soon be in France If they exist at all Every week will
strengthen the power and position of the National AS
sembly Of France and from the moment of its meeting
new order Of things commenced. 1t will be some time
before the commercial world will feel the effect Of the
revolution; but it Is coming in such shape and upon
such basis will give every individual greater conf
dencc and in time greater activity in all the indus
trial departments than have been realized ever be-
fore during the history Of that country With popu-
lation Of thrty-fvc millions Of active, cnterprisng,
ingenious, energetic people, prolific soil manufac-
turing interest of its kind is already superior to that of
any other country how possible that under such
improved form Of government France be otherwise
than the greatest nation in the old world' Her re-
sources immense but they have been checked by
the restrictions Of former governments. They will
now be rapidly developed and more progress made
within the next ten years than in the past twenty
.hc commercial intelligence from Great Britain Is
rather favorable than otherwise An advance in cot
ton and decline in brcadstuns is a movement which
should be pleased to extended AS these staples
must regards prices in opposite directions, it Is
for the interest Of this country that they should
progress reported at the latest dates We do not
depend much upon active dema nd for bread
stuGs abroad as for cotton and the ability of the
manufacturers Of the United Kingdom to our
cotton depends much upon reduced prices for food
that any depreciation in prices for brcadstus is ia
vorablc feature in commercial affairs.
| The annexed statement exhibits the condition of
| tho Bank Of England at several periods
BANK ENGLAND