The New York herald., 1850-12-23
IA O N K Y III A II X E II.

SUNDAY, Dec 22-6P. N.
The arrival Of the steamship Africa from Liverpool
with seven days later intelligence from all parts Of
Europe, particularly with favorable adviees from the
continent relative to the Political dcuitss existing
between the principal powers has removed all anxiety
existing In the public mind and reestablished public
confidence. IL does not, however, appear by our
accounts that all grounds for apprehension have been
removed; but the prospect at present. b In favor of
preservation OF the peaceful relations existing be-
tween Austria and Prussia. Great efforts have been
made to involve the European powers In one general
war by some Of the leading politicians In the derent
governments. II the movements which have been
made fall to bring about hostities we may look for
. long period Of peace, and q preservation Of that
prosperity which has, within the past year, been
established among all glasses In every part Of the
old world. The American mall steamship Baltic,
from Liverpool, has been at nearly twelve
days, and will be due to morrow or next day with
four days later intelligence from all parts Of Europe
ny her we shall receive more decided accounts per-
haps sufficiently TO put the matter at rest one way
or the other. The by the Africa s calculated to
give an impetus to speculation In our markets and
these who have adopted the safe kept soof
from the speculative movements Of the day can now
enter the market with more confidence aud With
better guaranty Of profitable resut 1t pretty GER
tain that nothing has been lost by waiting with one
thi, time last week. while the fsvorabs appearance Of
Political affairs In Europe is certainly equal TO the
advance realized on the exceptions alluded to- IL s
possible that In view Of the favorable news from the
other side advance In most Of the f.nciss will be
realized but hardly conceive II possible for that
advance 10 amount to than or three per cent
at the utmost Ifpresent prices are sustained II
great thing gained and holders can expect at
this season Of the year. II prices 60 improving
they have for some time past, we cannot see What
margin there viii be for the spring rse~ even In the
event Of political affairs containing tranquil. The
spirit Of speculation high ct this moment ss
ct any previous time this year and there appears to
be no let up 10 the excitement II is ovever pretty
certain that fancy stocks generally aceum uatins
In Wall street. thst they becoming concentrated In
the hands Of brokers' who will doubtless nnd IL dicult
to get rid Of them again, unless st 9 depreciation.
They may be able 10 hold, and facilities may be easily
obtained 10 carry them along for time; but no one
wants TO be loaded down with such stocks az are con
siared fancy In this and all ether markets All the
unproduotive stocks, at present prices run up the
interest account very rapidly and therefore increase
In cost TO extent little dreamed Of BY holders eene
rally Such prices now current bring out a
great deal Of stock, and the progress of reinveet
ment is usually exceedingly slow, Il will he long
time before the fsncies again become as well distr
butsc |. they have been for some time past.
The commercial accounts frem Europe Of very
sstisfsetory ohsrscter. The advance in cotton is
highly important not only account Of the additional
vnlue given to entire supplies but particularly s
II Is indicative Of permanent improvement In those
things, which exert . powerful induenoe upon the
movements Of manufacturer and upon the condition
ofthe consumips classes throughout Europe Advice.
from this country relative to the production and pro
bsble supply, have bees 20 uniform snf consistent .
to leave doubt in the minds Of speculators and all
parties Interested that ordinary eon,umpHon inset