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

Sunday, Sept. 23-0 II. n. 4
The stock market has been exceedingly dull sns
gloomy during the past week, and spectators for l
have avaed themselves of the events which trans
pirsd to their time contracts and provide fo
those about maturing. The bears have q vide margin
to play upon, and II the complexion Of our foreigr
Affairs has no influence In inducing holders of fancy
stocks to realise dstcrs outsiders from coming in.s
the market and sompels the bulls not only TO sarry
what they nov have, but to take all that may be
offered or suffer further depreciation in prices The
particularly favorable for the bears and the
future is fllsd with events which WILL without doubt
when they transpire, have . very depressing In.
Huencs upon financial and commercial affairs Tbs
second act Of the French difacuty will be opened
In about thirty days, whom We shall probably have
. repetition Of the excitement recently real
lied Tho course the government OF France
will pursue In the premises is matter of considerable
curiosity ard much anxiety. The position of Mr..
Rives is ct present peculiar and in the event
his presenting himself at the Court Of st. Cloud and
his credentials being rofrsod, II will only add fuel to
the Ore.
II will be reeoIiected that time since or soor
after Mr. Rves sailed for Europe there we're rumors
saeat to the effect that tss French government would
object to the appointment Of Mr. Rivss minister I'm
consequence Of the pursued by that gentleman
during lis previou, retdencs At that court relative
the claims Of our cti,ens upon the french govern
ment. The correspondence which passed between Mr..
Rives and his government after the arrangeme nts for
the payment Of the claims had been made vas CON
sdersd highly insulting to the French aud
Louis Philippe bsd to exercise all his powers prevsnt
srepudiation Of the terms agreed on By the French
government, and to preserve peace between the two
countries IL will be rsoollectss that Mr. Riyes boast
ed Of having obtained larger sam than was really
due to American citizens and his dssiaedl
condemned by the government aud people q France.
The appointment Of Mr.. Elves under thsse eirsuu.
stances muistsr to France, vss to cay the least
bad taste and the government Of France have perfect
right to refuse 90 accept him the representative Of
the government Of the United States 10 Is
unfortunate that this question should have been ay
tsted just at this moment, that tho Psussn affair
should have occurred here, vt the time when similar
movement may be going on In Paris. 10 is possible /
that may hear the result Of Mr. Rres mission be-
fore the events which have trsnspired here and at
Washington during the past week, reach rasis. We
sha ook with much interest for arrivals from Eur,pe
until this difficulty is definitely settled In the moan
time look fer depression Ia those securities which
likely to be influenced BY any permanent misundsr
standing between the two oountries even II n Is I
nothing more than cessation Of diplomatic inter
course.
twill be seen by the daily quotations for stocks for
the pact week that the opening and closing prces
panic produced BY the that The French
minister had had his passports rendered vas at its
height on Thursday. when stocks the most do
pressed Since, the revival has been slight on holders
feel by no means confident Of sustaining prices and
avail Themselves 81 every opportunity which are IN
fortunately few and far between 90 get out Of the din
culties surrounding them. We daily astonishei
ard grsnsd at the evidences presented Of the revou-
ticn In the public mind relative to AL stock securities
Of fancy character ard trust 80 will b. perna
nertas 10 has been thorough Holders Of these stocks
at high prices TO be pied the prospect % their
getting out witbout heavy sacrifices Is very poor aud
even 10 ibey should others must be vic,iaized for
their benefit Prsten prices rule so,r above What the
actual ,aue Of the securities warrant tina, they are
sustained entirely bysfaeisl causes and must. there
fore give way these Influences are removed
1t can hardly be expected that the present in tho
money market will las, fu England We End that tho
demand for money pcrtssirg and the rate Of in.