The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-22
NEW YORK GERALD, FRIDAY JULY o. 1s5a-rRIPLe SHEET

INN TEKALD, FRlDAY
mourn came again before their lordships. tHear,
Acar) He rather hoped than trusted that the
armistice would lead to something, and the cir
comstances which had come to our knowledge
issued by the Foreign Minister Of France induced
him to think that it would be very necessary, who
ever conducted the government of this country, 70
watch the terms which might be proposed.
munication having passed bet,oeen the French
and the English governments on the subject, that
the French gocernment, at this moment scere
confident that, whateuer terms Mey mtgM pro,
pose could be readily adopted ty the E"9fish
government.
Earl GRANvILLE--On the part of her Majesty's
government, and l may almost venture to say on
the part Of the whole House, beg to thank my
noble friend behind for the course he has taken
in Withdrawing The motion which he had placed on
your lordships table. (Hear) Even before the
intelligence we received this day lcertainly had
motion at present. At the same time perfectly
ADMIT that when noble lord, like my noble friend
behind me- one OF the most eminent diplomatists OF
fhis country and of Europe, sees that his place IN
this assembly gives him an opportunity OF speaking
upon most important question bearing, upon TO.
reign affairs, he may feel it both his wish and his
dnty to express himself. Whatever may be thought
there cannot be the slightest doubt that though thai
message does not gice conciusice proof that the
blessed consunmdtion of peace sciu be arrired at,
get ii docs give as this oery Satisfactory assn,
rance, that the taco EmperorS Of France and
Austria feel the necessity Of endeaoor,ng
10 some TO some arrangements aohtch uid
lreren a further efusion of blood. Clear,
hear) ] am perfectly sure that your lordships
would deprecate any act on our part, or any word
frnm our lips which would in the slightest degree
do mischief in the present circumstances OF the
case, (bear, hear), and therefore most thoroughly
copcur in. and at the same time offer my thanks to
the noble lord for the course which he has taken.
think your lordships will feel that am justified in
pot following the noble lord throughout the speech
which he has made not only because IN my opinion
il would be indiscreet in the present crisis for any
individual member Of the house to discuss this sub.
cct, but because it would be an absolute derelic-
ion Of duty on the part Of any members of her
Majesty and of her Crown, to take part in discus
sion which could have no good effect, and which,
am quite sure, might create difficulties abroad, and
place ourselves in disadvantageous position when
he time came for exercising the influence which
trust will be exercised in settling this great ques-
ton in the most advantageous name. (Cheers3
Their lordships then adjourned, at twenty mi
Hutes to six o'clock.
FINANCIAL EFFECTS OF THE NEWS OF THE
ARMISTICE.
From the London Globe (Cty Artice), July 81
The announcement Cat noon) of an armistice
between the beigerents has naturally produced an
important effect in monetary and commercial
circles. In fact it has created general excitement
in all departments OF business and the commotion
appears greater than would otherwise have been
| he case, owing to the extreme quietness which
previously prevailed At the Stock Exchange the
favorable character Of the is at apparent
| III the bu"yancy and animation which characterize
the various markets, immediate and extensive pur-
| chases having been completed Soon after eleven
o'clock the funds advanced u per cent. LON
| Venetian Railway shares (Which rose sud
| denly from ! to discount to and Il premium)
| 81 los each. Most other descriptions of negocia-
bic property have participated in the upward
To
able, investments cannot be effected, because hold
refuse to sell now that their prospects have
completely changed. Conversation in city circles
exclusively confined to the intelligence, and it is
almost unnecessary to observe that very cheerful
feeling has been produced. Should the result prove
rs favorable as desired, an extension of business
| may be speedily witnessed. especially as momen-
'aIy affairs are in satisfactory condition; but the
progress OF negotiations, If peace is to be con-
| cluded, may exercise the salutary Influence in
checking undue imitation wild speculative adven-
| ture
from the London Times (City Article), July 81
This has been settling day in consOls, and the
effect of the sudden intelligence Of the armistce has
been extraordinary. The opening transactions
were at a rise of per cent, and the upward move
ment Immediately made further progress. There
was then reaction, but the latest operations were
at nearly the highest quotation of the day. The
first price was 943 to I, from which they went to
95. The few words appended to the despatch Of
| the Emperor in the Moniteur qualifying the arms
tice as merely relaxation Of hostilitiss," then
|
momentary and the concluding quotation was 94l
to /, the reasons for the reservation suggested by
| the AOniteur being obvious.
The fluctuations in foreign stocks have been ra-
tier violent. the difference between the highest
and lowest prices of the day having occasionally
| been as much as or 4 per cent. at the opening
considerable advance took place. from which
| there was partial reaction, but the market was
| again firm at the close. Peruvian and Sandman
| exhibit an important Improvement; Sandman, SO.
| The excitement on the Paris Bourse today (Sth)
| is stated to have been intense. At time the
quotation was G6f Soc, or q per cent above that
of last evening. The closing price failed to arrive
In the foreign exchanges this afternoon there
| was considerable Improvement In the Austrian
rates.
From the London News Getty Artisle), July o.
| A great sensation was produced in the Stock Ex-
| change this morning by the unexpected news that
| an armistlce has been concluded between the
French and Austrians in Italy. 1t at once ar
gued that. if the proposal for suspension of hos
| tilities originated with the French Emperor, the
| circumstance furnishes evidence OF his Majestys
spit OF moderation; whilst II 1t originated with
| Austria, more uneqnivocal acknowledgment of
defeat could scarcely be afforded. Strong hopes Of
| speedy peace were consequently engendered.
| The imme date result was rush to buy back on
| the part Of recent speculative sellers. 1t is upon
| occasions of this remarkable character that the
| tendency of the current speculation is most
accurately developed. Mainly under the in
| fuence Of the demand from operators for the fall
| Consols, soon after the commencement of business
| attained rise of i to IL per cent Much anxiety
then displayed for the receipt of the dispatches
| from the Paris Bourse, which were delayed much
| beyond the usual hour. Upon news that the French
funds had risen fully per cent consols, which had
| meanwhile experienced relapse of to per cent
from the best point of the morning. at once sprang
| mp again. At the close the market showed renewed
trmness, and the latest quotations were exactly Ia
| per cent above those Of yesterday. This was the
monthly settling day. Up to the close of the set
tlement the supply of stock confirmed scanty, and
| INSTRUMENTATION" of l-lG, and even per cent,
was given.
! The rise extended through nearly all the other
| departments of the Stock Exchange. Perhaps the
most animated demand was for Lombardo- Venetian
Railway shares, the new issue OF which rose from
| l5s. per share discount to 25s premium, finally
| closing about 30s per share higher than yesterday
IN Turkish stocks although the best prices of the