The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-28
co n n ERCIAL AFFAIRS,
MONEY NIARKET.
FRIDAY. Aurll 27-G u.

The news from Europe is not so favorable in nan-
cia commercial point of view, anticipated but 1t
Is full encouraging might have been expected from
the position of affairs in Europe at tho departure of
the previous packet Amidst all the changes in tho
markets. and fluctuations in prices money continues
abundant, and confidence unmpaired. This is the
most favorable feature Of the news and there little
probability at present Of any change in this partc
long the markets continue inactive and prices so
much reduced, money must remain easy, and diff
Guilty will be experienced in employing capital in the
channels of trade The rate of interest continues de-
pressed to the lowest points.
The decline In cotton is attributed FIRST to the large
supplies and second to the activity in the manufac-
turing districts 1t expected here that the accounts
which forwarded by the Hermann relative to the
destruction Of the cotton CROP by and FROST will
have favorable effect on prices and operations in
Liverpool but under the impression that specu-
lators will be disappointed in this the advces which
imme dately followed those sent by the Hermann were
Of a satisfactory character, and were calcua.
ted to induce operators the other side to wait the
arrival of next steamer The advance in breadstus ia
encouraging, and 1t will without doubt, give an
impetus to shipments from this country We have
shown by official returns, that the exports of -four
grain &C., have been very large in the face of deprss
ed and depreciating prices abroad and it is but rca-
would give greater activity to shipments This nteli-
gence comes at very opportune moment-upon the
opening canal navigation in this State-as it will as
1t spreads through the Western country bring out sup
plies, and be Of vast Importance to the producing
classes. Any improvement in prices for any of our
staple products early in tho season. before supplies
have left the hands of tho producing classes most
desirable as 1t benefits those who best entitled to
it, and places spectators in the position they should
will be sustained until opportunity is afforded to fill
tho markets Of that country. Accounts from Great
Britain relative to the growing crops will henceforth
be important and interesting 1t is difficult to tell
what q day may bring FORTH with such variable eli
mate and limited territory. We shall have another
steamer-America-a next Thursday, with seven
days later news.
The stock market opened rather heavy this morning.
the result partially Of the complexion the European
news. The Cambria did not bring so much specie az
expected The bulk Of tho import of precious metals
from England will DO at this port il transhp-
ment from Boston At the first board to-day, Morris
Canal fell of u per cent Farmers Loan, RI Canton
Company, 81 Harlem, q; Long Island y; Eric Rail-
road, new, x; Norwich and Worcester, q; Reading
Railroad, u; Ohio 6's advanced y per cent Tho
transactions very large, and principally for cash
Sterling exchange has advanced within the past day
or two We cannot quote tho best bills on London
lower than y Sper cent premium.
The Syracuse and Utica Railroad Company have
called for instamcnt Of $40 per share payable 18th
June; and like sum, payable on the 18th Of July.