The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-26
CO d MERCIAL AFFAIRS.
HONEY MARKET.

sunday, march DO Ps M.
In the early part of the week just closed the stock
market was quite active and transactions large,
at prices ruling about tho same from day to day The
bulls and bears equally matched that it al
most impossible to affect quotations materially, and
operations were apparently without profit to either
party About the middle Of the week. spectators were
locking ont for the steamers news, and were there.
FORE little disposed to operate to any extent It being
the prevailing impression that the next aooounts from
Europe would have depressing influence upon tho
market. On Friday reports were current on change
that the steamers news was on Its way over the wires
from Halifax, and 1t had the effect to arrest trsnssc
tions but the news not coming to hand until mid
night, Its publication in the regular edition of the
Herald Saturday about thirty hours in advance Of
the arrival Of the steamer at this porgave the COM
msros classes opportunity to digest it before the
opening of the business Of the day The readers of
Herald were, therefore, thoroughly pose up and
tered the market prepared fer operations As generally
anticipated the advioes not favorable those
received by the two previous steamers and the effect
upon cur markets was very unfavOrsble much more
so than the nature of the warranted.
The depression in prices for bresdstufs is no more
than might have been expected from the movements
recently made In relation to supplies the abundance
exiting in the great grain growing districts Of Europe
and the extent Of the domestic supply. The imports
tons Of breadstus into Great Britain from the United
States have been large and at prices ruling in the prin
cipsl markets of the United Kingdom at the latest
dates there is every prospect Of still greater expor
tstien from this country Our canals and rivers
about opening and intercourse with the interiors;
about being renewed The supply Of breadstus ct the
principal points our great lakes and rivers and on
public works. Is larger than before known and
the facilities for bringngit to market superior to those
of any previous year. and the prospect at present i
that We shall have large surplus for shipment and
afford to export at prices current in London and
Liverpool at the latest dates.
The slight decline in quotations for cotton was ex-
pected and dealers have not been disappointed. The
improvement in prices reported by previous arrivals
vas very great, and upon very slender basis; It
mostly artificial, and founded upon anticipa-
ted activity in the manufacturing districts and In
the demand for manufactured goods than upon any
actual improvement mt in trade or In prices for fabrics
generally. We have doubt that advices from this
country, relative to the gold mines in California had
tendency to initiate prices for cotton the markets
f the world for British cotton goods would have been
increased and improved in the event of those aavces
proving correct. We ind, by the accounts that up
to the I'd Of March quotations for cotton ruled higher
than reported by the steamer Of the oath Of February
and that the slight decline noticed was realized be-
tween TIE "a ana the lOJn OF March. NOW
by the London papers, that on Satu. day, the Sd Of
March, news was received from the United States
which tended to diminish the expectations witch
had been formed respecting the gold mines of Ca
lifornia. There advices were frsm San Francisco
up to the 25th of December-as late Is has been
received here up to this day. II will be recolect-
ed by readers that there accounts represented MUIR
der and anarchy as the most conspicuous features
The gold digging population, and that only about one
and halt million Of dollars had been shipped These
accounts had no doubt atendeney to dspre prices for
staples, particularly cotton, and destroy in
sure that buoyancy In the markets Of Great
Britain after the first sdvoes relative to Calfor
mia had been received. We have, yet, nothing
calculated to do away with the FIRST opinion expressed
relative to the gold mines Of California. Every 60.
count received thus far, up to the latest daeDecem
Der 25thconfrms those previously given and the only
disappointment visible is that produced by the non
appearance Of the gold iself This Is easily accounted
for. II is now three months since We have had sc-
counts of any hind from San Francisco, while sd-
vices from Panama are to the first of March. This
shows the difficulty Of obtaining q conveyance from
California TO any psnt OF with this port,
and accounts for the delay experienced In receiving
The precious metals.
The financial intelligence from Europe, by the Cana.
da dee, not very materially differ from that received
by previous arrivals Con'ols have sligbty improved,
notwithstanding the CON pie xon Of political affairs
the continent. American securities In moderate
demand but quotations ruled about one quarter per
cent lower reaction TO some extent Ia expectedser
rapid rise and IL is the bert evidence in the world Of
the confidence in stocks for investment, that q
greater deckIe than that reported had not been real
ized The position Of political matters the cont.
pttt /, calculated to iporea,e the d.msud for AEer
,.. .rt,ttfts END CAti.Ai III. cuultTS fcr