The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-31
FINANCIAL AND COMMERCIAL


HONEY n q X EFT.
SUNDAY, hs> So-ePM
During the pact week there hes can no particular
movement in nnaDcal affairs. Money continues easy The
raee reduced, and The difficulty making loans
about the previously reported. The slight dis
Dances which have appeared in TIE political horizon
have irusuced the movements Of tbs stock warks.
materially, and probably win not until they sssume
different shape The public mind Of Wall street is too
prsc,ca IN tbese things make mountains out Of suoo
noenils The different political parties OF the day viii
present question IN foreign relations tor their
Particular PURPOSES and viii for the tune attract attain
M local points Of ISSUE and far "a this goes
the people win have for complaint THIS wi at
all evepte be relief the greater the excitsmeo<
In relation foreign affairs the greater the freedom
from domestic pc ica brois and outrses Esaqoes,ion
v the policy pursued With much by Lord Pal
IN the administration Of the Great
Britain, IN keeping the public mind continually sgsa.ed
foreign difficulty nro, by actual host,tes In
part OF tie world, would not be the very bsss could
aoopt this side OF tho Atlantic. Nothing
the public mind completely the agitation Of
political question with foreign governments, involving
national honor 1t XII lie of for the time all Interval
political trouble, and gives healthy tone the public
mind The present condition Of foreign affairs in
peculiarly favorable for such resuiis and n would be
well the agitation now going On regarding the British
ou,rsees the Gulf Of Mexico would be continued FOR
Indefinite period. Financial and commercial matters
not likely 10 be distu,bet unless the
government Of Great Britain adheres 70 the
right has assumed; and no one supposes for
moment that such desperate policy would for a
meDt be sustained by the people Of Kng'and The Eng
lnh Ministry kpo~ pretty well how far they 90
their relations with the United sats and not hest
tate to make ample apology any deviation
tram tha n0e az In he
Acirs Of the British West India 6eet TO overhaul Ameri
can vessels In the Gulf have from the Palmer
government short time before going out of Office
tire effect in England the receip Of the ioteli
which has within the past two weeks gone forward
by every steamer will DO such 70 defeat every effort
Lord Pa and his party 70 get again into power
II the Derby hoistry have been defeated and asstsef
election has been ordered, sdvices from this
try, se.sng forth our foreign policy In stronger
language than hos been usual In negotia
tops ssd remcnswsnoes. and showing the danger that
exists Of rupture the peaceful relations of the two
Countries v be time destroy any rising popularity
Of amerstop party and materially strengthen the
rerby party The people Of England deeply nie
rested preservation of the oords, feelings Of
friendship between tbs countries place any party
In power disposed trihe With any way hazard the
preeen, alliance We shal not get response from the
side o. the Atlantic 70 the advoes which have been
Mr. Dallas before the middle Of June and 10
the meantime the outrases upon commerce are hey
increase and the public mind this side wrought
70 higher pitch OF excitement and Indignation We eli
know very we'll hcw this business viii end; bot We must
look the expenditure OF great deal Of patriotism and
the acuye Of considerable buncombe by the pol
cal leaders 1t washire soa.
In the stock market We have nothing satisfactory 70
report For nearly the whole Of last week the tendency
OF prices downward and Of the largest holders
have evidently been unloading The effect Of this has
been to distribute large lots Of stock and they
have settled down strong hands reaction viii without
doubt realized that will take prtoes rapidly back again
TO the points from which they reoeded This downward
entirely local. and the result Of toe
OF three small cques OF spectators During
an easy money MARKET In stocks generally
more frequent and greater extremes than Al other
within the past -four mooshs the nscsussons have
sudden violent, several times the extre
Of the marhet nave within the space Of four or I'VE
weeks ranged from ten 10 mseen per cent
Such differences sufficient 70 satisfy the viIdes,
and sapguipe spectators, and, with ali the
plants Of duness and ihe absence o, speculation, It rs
very seldom, IN years Of the greatest imitation AMI
sppaseut prosperity, that better opportunities have
Cured for those closely watch the Of events
reap rich harvests from the ups and downs Of the
spc,es
The expectation Of specie from this port last week
small but about the average Of the pas, month or two