The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-26
FINANCIAL AND COMMERCIAL.


MONDAY, July 26-AP. "
The restoration Of peace In Europe the most important
event. that happened since the var broke out, pro-
dued little effect in commercial financial circles
Eere to- day. The caused the French funds TO I'D
vanoe az per cent the Brsh g. other foreign uosks
In proportion; but in New Ycrk neither MERCHANDISE
STOCKS money, porexchsnge, have bees psroepbly
verbally unfavorable for speculative movements, Is in
measure the cause Of the prevailing apathy; something
10 due TO the complete sway which the bears exercise
the Sock Exchange and which for the present para
lyzcs the action OF that body may DO doubted wne-
Their the dull indifference msnteatei In eli monetary and
commercial circles to day Gao be Of long duration.
No event could have happened which will do
10 much good 70 this country a. the re estab
lishment OF peace IN Europe. A theory was indus
triousy propsgated at the time the war broke out
70 the effect that would DO beuedois TO this country
We took OCCASION more than once TO show hs aacy Of
this view, aud to demonstrate that while war might aad
probably would cause su advance bresdstus provt
and fregh, IL must prove injurious to coa mercs
and Industry ~ large, and necessarily OF mous.sry
uneasness. Events have coadsmsd the latter without
altogether confirming the former proposition The var
undoubtedly wrought great mischief to trade and dis
turbance 70 monetary affairs 1t yed altogether the
trade OF Austria and I'aly; IL dsarranged tho whole
system Of European exchanges; caused, for time,
fatal depression in all European ssoures IL drove Euro
pean manufacturers out of heir usual markets. and CON.
PEELED them 10 send their goods here 10 be sold
Ut loss; raised the price OF money A.
most OF the grea' haapcal centres, wisnoa,
providing cafe and satisfactory employment for IT, Il
died the minds of capitalists with vague uneasness and
dread which paralyzed their energies, their purse
spg and checked the progress Of enterprise throughout
the world On the other hand while drst tho var ost
INN In
world, is noticeable that the Of pss,e the
price both of whea. and OF provisions the
Of war found them. II is not worth while 10 speni time ia
detailing the Causes Of this striking fact they ,von
enough; there the fact Freghs have bssa tsor
aoy Affected by the wn, az was expsced rne-e ueyse
was less demsnd for Shipping thao Throughout, ths
and present months Ia word far this country
concerned, the short did all the aud
the good that was expected from it, We to ssa
what fruits the peace will bear OF these IL yet too
soon TO speak.
may, however, be safely assumed that the restoration
Of peace will restore ease and stability to the
markets Of the world, and will dsodge the large hoard,
OF money which were laid up consequence Of the var
may be expected that largo Of ,ney will no
be forthcoming for investment 10 the proms c,
mercia and nar cia schemes of the day is prob able
that Italy and Austria under their condition. vii be-
prepared this FALL to consume larger quaotty OF
goods than usual though may be necessary thu ma
nuacturers to give the buyers longer credit. than
ordinary This circumstance nay prove Of advantage to
our overssocked markets; If sudden demand for B-tsn
or German goods springs up in Europe-sud snddsa
generally lead to such demand-our rsa-kets MY D,
relieved of large share Of their surplus b. re,hpmsn. 70
Europe.
The bank statement OF to-day compares as folio VIZ with
that Of the previous week.
WeeLe lam
July $20 405 sos % 223 6I8 pol 67s 70 1891
July 3D.. ll9934 $50 1896 9l2 S17O s25 IS 9,3