The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-22
FINANCIAL AND COMMERCIAL.
MONEY Ark II r.

MONEY NJ Ar X Il r.
TUESDAY Fab 2l-6P.M
The stock market Was very unsettled ~ the Opening
this morning and thars ndicationa Of nossrAs
reaction The operations large sensrAy o. 'o~s'
prices At the arst board Parker Vein declined per
cent? Morris Canal Iioos csarai Privilege oon',,
Erie Railroad, ;Rsasiss Railroad, X; New HAVEN SAn
road "; Michigan Southern distraction, q Ottawa"
and Hudson advanced X psr cent; Ns~ fofk 1e"a
Bonds v: New Yori Central Railroad =; osvsiAuu, "
lumbus and Cincinnati Railroad, 4 northern
rond "; do. OoostructoD, Parser 'n"usS.s
st the decline and stsek was fseey ou'i0S -,
80 undsr the circumstances, Pfss'y n4n. 49,
I'm essh OF these stosAs has been rAp'a' o1i'sy
o,.S that the Erie Railroad Company wiz pay on the
s, 60, /. seni annual dividend of fsur pr cent.
-...n =. ,uuoh better than stockholders have anti.
$500 IN ocpsequence Of the delay and arrangement OF
..I a Eris for several The detention and din.
I,,ss experienced that point tsndsd materially to the
s,..ss OF receipts on the Erie Railroad and affected
tbs net earnings OF the company IT, In the face Of these
upfayorAbe msvemsats the company can pay dividend
in April Of per cent out Of tbs sctu net income 1t
can do much better than sup ,osed to say the Least
Nicaragua Transit moves slowly either up or down. II
does not appear to BE- much influenced By spscuAtors
A. ether fsnoss on the list Tho stsamship Star Of the
west bslosgn TO this line loft port yesterday Tor San
Juan with full complement OF passengers for CAhfor-
ais Hsr way bill was very large Thin Line u daily BE-
coming greater voris with the travelling public In
ohsR stocks nothing cd 10 Affect them In any
vay bat a. far Is ns operations at tss Stock ExchAsg
TO- Il u the prevailing impression that much higher
prices will be realised There IL very htts danger
OF Anything In the shape Of Intelligence from ths scsto
hostiities or the different points Of negotiations, 10
Europe reaching u.s. to depsss dspresiAss more thA
temporarily the market value Of our stock sssudas.
IL IL the belief OF many that the reduced value OF
our cotton crop exported 10 Earope wil In the
event Of war, DO 80 great 10 materially rsstre
our resources and consequently entail distress and diaas
tsr upon that great interest This has been the cry
Of those who have but supsrnesny examined the sub
jso and Who therefore suppose that depreciation In
the Value Of that great staple much interest loss to
the country at large Any important reduction In the
quantity OF tbs material exported would most likely
restrict the manufacture the Other iide II 1t did
not prices weud be maintained and We should not feel
the eject anticipated. II the shipments we're largely
Diminished In consequences Of the want OF demand for
consumption In Europe, We should be obliged to manu-
fAeturs largely At home to supply our own markets
with many articles which manu- actursd abr 3D.
ana which ws have to pay for In some way. rnis
would reduce our Indebtedness for such fabrics,
and . more moderate expectation OF our products
would b required TO adjust the salaEss Of trade.
The impetus such . state Of things would give
our domestic manufacturing interest would never
b sAssd and eud be d several In the
contest going between this country and Great B
tain for superiority in this branch Of industry gene.
raj war throughout Earops WOULD BY increasing the value
Of money rsduss the market value for every species Of
manufAsturss particularly al articles Of luxury and OF
rAvaganes Our wants would, therefore, be supplied at
cheaper rates and less aggregate COST On this account
more Hmitsa ,ration Of our products would suos
to preserve Pre- per equilibrium OF trade 10 svy pan
Of view W nothing but the most favorable results
growing out Of the present position OF Affairs in Europe
war would increase and strengthen the dispoIitisn
among foreign capitalists to place their property on this
ds Of the Atlantic where 1t would bs out Of the reach
Of al political revolutions, and whore wars or rumors
war would not endsnser destroy Whatever tends to
ansr capital and Industrial talent from Europe to
shores directly advances al lsoal interests and
know ct no svsAt well calculated to give tho movement
great impetus the actual com nenesmsnt Of
Europsan var