The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-24
c ON MERClAL AFFAIRS.

Sunday, Sept. 23-0 p. n.
The stock market has been exceedingly dull sns
gloomy during the past week. and spectators for fa
have svasd themselves Of the events which have
PRED to their time contracts and provide 70,
those about maturing The bears have wide margin
to play upon, and II the complexion Of our foreigr
Affairs has influence In inducing holders Of fancy
stocks to realise IL dstors outsiders from coming in.s
the market, and sompels the bulls not only TO carry
what they nov have, but to take oil that may be
offered or suffer further depreciation in prices. The
particularly favorable for the bears and the
future is allied with events which WILL without doubt
when they transpire, have . very depressing in
huenes upon financial and commercial affairs. The
second act Of the French difaculty will be opened
In about thirty days, whom shall probably have
. repetition Of the excitement recently real
lied Tho courne the government OF Francs
will pursue In the premises is matter of considsrsb
curiosity ard much anxiety. The position Of Mr..
Rives is ct present peculiar and in the event OF
his presenting himself at tho Court Of st. Cloud ana
his credentials being refused IL will only add fuel to
the Gre.
IL will be reeoected that some time since or SOON
After Mr. Rives sailed for Europe, there were rumors
sHeat to the effect that tbs French government would
object TO the appointment Of Mr. Rives rs minister In
consequences of the pursued by that gentleman
during lis prevlou, residences that court relative to
the claims Of citi,ens upon the French govern
ment. The correspondence which passed between Mr..
Rives and bis government after the nts fox
the payment Of the claims had been made was oon-
sidersd highly insulting to the French aud
Louis Philippe bad to exercise all his powers to prevent
population OF the terms agreed on BY the French
government, and to preserve peace between the two
souI tries II will be rsoollectss tina. Mr. Riyes boast
ed Of having obtained a larger sam than really
due to American citizens and his course was dscidedy
r0ndc "a Inv tls aV,I
The appointment Of Mr.. Elves under these sirsun-
stances mutsr to France, was, to cay the least q
bad tase and the Of France have perfect
right TO refuse to accept him the representative oil
the government Of the United states 10 IL particularly
unfortunate that this question should have been a-
tated just at this moment, that the Peusssn affair
should have occurred here, at the time when similar
movement may be going on In Paris. 10 Is possible
that may hear the result Of Mr. Rives mission be-
fore the events which have transpired here and at
Washington during th. past week, reach rssis We
sha look with much interest arrivals from Europe.
until this difficulty is definitely settled In the mean
time look fer depression 10 those securities which
likely to be Influenced By any permanent misundsr
standing between the two countries, even n II fs
nothing more than . cessation Of diplomatic inter
course.
twin be by the daily quotations for stocks for
the psst week that the opening aud clos nr price,
ruled higher than in the middle OF the week. The
panic produced By the that The French
minister had had HIS passports rendered at its
height on Thursday when stocks were the most do
pressed. Since, the revival has been slight ou holders
feel by no means confident Of sustaining prices aud
avail themselvss Of every opportunity, which uu-
fortunately few and far between 90 get Of the din
cultiss surrounding them. We are daily astonishei
ar erssd at the evidences presented Of the revolu-
ticn in the public mind relative to all securities
Of fancy character, ard trust 80 will b. perna
10 has been thorough. Holders Of these stocks
high prices TO he pted, the prospect % their
getting cut wihcut heavy sscroes Is very poor aud
even " they should others must be victimissd for
their benefit Present. prices rule sor above What the
sctusi value Of the securities warrant that they are
sustained entirely by artificial causes and must there
fore give soon o. these Influences are removed
1t hardly be expected that the present ease In tbe
money market viii last. In England We nnd that the
demand for mcney Increasing and the rate Of in.