The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-08
MONEY MARKET.
Friday, April 4


At the opening of the market, this morning, prices
were rather firm, but there little disposition to ope
rate in consequence Of the continued absence of the
steamer At the Hrst board. Farmers Loan fell off y
per cent Morris Canal advanced u; Illinois, and
Treasury Notes, y. All others closed at previous
prices.
At II O'Clock, It was announced that the steamship
Washington, from Southampton was telsgraphsd and
Immediately all business suspended and the most
intense excitement existed for the intelligence An ex-
trs Herald spread the rapidly the city and he
effect in Wall street depressing, prices failing CT
fraction with transactions to extent in the leading
fsncsr At the second board Treasury Notes declined
u per cent; Illinois 6's, u Harlem, u.
The advices from Europe by the Washington, CON-
mercially, Is unimporant financially, rather interest
ing but politically, highly interesting decidedly
uonary and in every perfectly satisfactory
There no doubt but that the financial affairs Of Eu
rope will for long time be in the greatest confusion,
trade will be neglected, and far concerned
our imports from the revolution ry sections for long
time very limited. 1t is encouraging that. amidst the
confusion and chaos on the Continent Great Britain
her position in the financial and commercial
world so firmly. There had been an advance in the
corn markets. and buoyanoy in cotton, with sales to
soma sxtsnt Consos were firm 1t prices current pre-
vious to the revolutionary movements in Austria and
Prussia and confidence was under the circumstances
wonderfully maintained. How long such state of
things will last in England, with the governments on
the continent crumbDg before the revolutionary spirit
of the age IL matter of much doubt and great apprs
hension. Weshail have the Hibernia along day or
two with i've days later intelligence and in the mean
time the commercial community win have az much a
they can do to digest that just received
The reports current relative to the refusal Of the
Rothsehds to accept bills upon them drawn from this
sde are without the slightest foundation. We harm
nom Mr. Belmont that he received letters by the Wash
ngton from the other ide to the effect that every ming
Wa right and that al bills from the United States were
accepted and paid - usual.
AT meeting Of the Board Of Directors of tlle New
York and Harlem Railroad Company held on the 18th in
stant CHARLES Parsha Eeq, rendered his resinstion
as President Of the company and Robert Schuyler ESQ
was unanimously elected President The following gen.
usmsn have bssn elected directors to Au vacancies
which have occurred In the board, Wis., Robert sohuy
lsr, Morris Kstcham, Samuel Jsudon George Barker R.
M. Blstchford, and Jonathan Sturgis
bill Is bsfore the Senate Of che Unitsd States pro-
vidng forthe establishment Of branch mint in this
CITY The hrst section appropriates $225 600 for the
purchase OF the sts the erection Of suitable buing
and completing the necessary combinations of machi
nery The second section designates the ofncsrs and
their compensation. The third section provides that
omsers shall % under oath, with proper gretiss The
iourtn tnsh the general direction OF said branch mint
shall bs under the control Of the director Of the rsnt at
Philadelphia, who shall have power to prescribe such
for onu.rnin~ A.s-n- --.-n --A -
al laws for the regulation of the mint Of the United
States, and for the punishmsnt of officers connected
Herewith shall be applicable to the New York branch
mint The sixth and last section directs the transfer to
the treasurer Of said branch mint when appoints of
al moneys books and papers in the hands Of the asss
tsnt treasurer in the city Of New York.
>~Ath ~ e. ~
principal and State stocks In this market for
threA nsrinda