The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-23
FINANCIAL AND COMMERCIAL.


Tho Details of the from Europe, which will be
found In another column, will enable the intelligent
reader to decide the prospects Of between France
and Austria. Passengers arrived in the ste
port tina. people on the other side expected outbreak
from Cay to day. The effects Of the commerce OF
the United states have already pretty fully discussed
in this column. That great general war in Europe
would be injurious to all the nations Involved and
quenty 70 the United Sates-wbch connected by the
closet commercial lilies with the trading nations of Eu
ropeis clear need demonstration. There nte
rests here which would benefit by war. The West
would reap large profits fro the enhanced prices and in
creased demand which would create for its sta
Piles breadstus and DIVISIONS. Shpownors would again
earn interest the capital lying idle in he shape
of shipping These interests would be as largely
benefited by general in Europe this year they
were by the Crmean four and five years ago. Bat
Cotton-the great staple OF she Southwoud suer. The
demand for cotton 10 Europe is exactly regulated by
political movements the price Of cousos Tle more
peace and the prosperity the greater the demand
for cotton, and the higher toe price commands abroad
IT, therefore, the present European imbrosiio euds in
war; must be expected that cotton, aud all the vast net
work of enterprises Industries which Deepen lent
upoa and connected with cotton, will be injured. An
branches or commerce, Ia a word oh CHI dependent
FOR their vitality the prosperity Of Europe, will neces
sarly check from outbreak of hostiltes.
That this country is revivns and that, under ordinary
circumstances, prosperous times may be soon ex-
pectef apparent from thousand ndcators out with
che exception of the breaistns and shipping interests,
the recovery in progress will be retarded, not ad
vapced, by European war.
Money l. without change Loans offered to the bro
kers at per cent Exchange steady: quote sterling
bankers bills at ITO, and francs a. 81 SEX. The
steamer from san Francisco, learn from New
Orleans, brought dowo two millions Of gold
81 500 0oO will come here. About million will be ship
ped TO Europe to morrow
The stock market opened very strong this morning
There was large Of outside orders, especially
FOR Central which is being taken pretty freely by persons
along the line Of the road After commissions
executed tho bear party distributed their orders to sell
with skill, and the second call prices receded from u
TO u per cent the whole list sYmpathisiag With Central
As no news received between the calls and
Jere shareholders stock being made the street.
the decrBc OF y to per cent the OF hour Is
or Itself a proof the present decline In
is the of the bears. Tnat tbs demand for stocks
from outside light true but this, also, IS the fruit OF
tho operations of the jobbers which terfy persons
who might purchasers OF stocks IL Is true thain
the end this thing itself There must come
time thousands Of shares OF stock which
daily sold for future delivery by bear joobers will be
called for and when that 1t easy to foreiee
what will sppcn. 10 the MEANWHILE the market 10 at
the mercy Of the bears TIE question OF che future in
O nutshell From Til harvest time, the Western
ROADS, VI their Eastern depoua
them for business must show diminished earnings
compared With last year. because, the sprng ani
Of 1858, there was largo quantity OF graa comm
forward from the West where, nov, there Ia little
AS 1000 toe crop begins be harvested
and everything thus Far encourages hopes of earl
harvest the receipts OF tne railroads will begin increase
IF the crop be an average one the viii be large
the crop Indicated be above the average
the Increase will DO enormous, and the will make
the monty, proportion economies and i'm.
proved which diversity has forced on tnem
The increase Is all events last until the crop
OF 1850 In The problem to be solved 10 simply
when will the public begin anticipate the mproyement
OF business the roads
The business In New York Central this morning, incud
ing private sales amounted 1000 shares The prise
opened at "a and to AK under the Of bear
sales, declined TO "a ani afterwards done In the
street as low as 73 cosiug the afternoon at AZ All
the speculative stocks sympsthised with the exception OF
Rock Island which very firmly held Southern guarsn
teed 10 80, but freely offered by tae
seers options, and declined Il per cent closing a, 35x.
Panama stronger We hear that tho summer dividend