The New York herald., 1867-04-15
FRsAN0aAL AND COMMERCIAL.

kusDAy, April II lseS
nk" vas excited and irregular during she
sesesuence Of European telsgrams referring 70
- 0ssaAsniag sssituds OF Franco towards prus.,s
- - Asss doubles sxarrsrstsd IN. gr.v,,v !, N.
eaeo sno the speculators for rise in the Gold Room
eddsd 70 Asr ensos BY circulating unayorsb,e rumoru
un own Invention The intelligence received on
seroy was q more pacific character than that which
asd " and the general opinion IN Wall street nov
tess neither France Prussia hes any present In
suon Of letting loose the dogs Of war to struggle over
NnasDoeoh-Gsrman bone Of contention Luxembura Bat
shsud they and were actually TO break out b.
sea these Powers, would afford no ground for serious
~ to It's consequences this country and IL
sas prove 70 DO Of real service TO BY the
o would simulate production and the export Of
eaeo@ The only danger OF any financial moment to
- s3o exposed In relations with Europe lies
y hs fAns Of than six hundred millions Of our
Ssoaces being held thee about three hundred and 0v
nihans Of which are United ssates honda But great
y n Europe would be more likely to strengthen than
Annish confidence In these BY imlsirng Il In those Of
10 bsllg9ent Powers and an liable 70 became In
Hoevsd In hostilItiea Gold would nevsaheless rule
1eh9on this side Of the Atlantic while n marni.
nAs ~ being waged the other than 10 It's al.ence
Rsssr bseauss OF the contingencies TO which in NE
DeaerA estimation II would expose us and public opinion
sss than anything else, during period Of suspension
osnzos the gold premium.
y = the possibility Of sudden rise In the latter
- any time from OF tho several causes
SaAsh might affect 1t that furnishes . sort OF
0nae reason for retail traders Of all kinds
esspdsg the prices Of their At much greater
Doentage above the wholesale market than was usual
Nn1sesdsnt 70 the war hundred per cent is now con-
Sdsrsd only fair profit large class Of goods whore
on afteen TO twenty suncient In hard money
Anas and u Ii this dsproporton between the prime
.~AsA 49,
noa Injuries Of life that s giving rise much dis
esotsnt among the aboring population in relation to
wages and which threatens to ripen into o conflict
eetuesp labor and capital The cost Of living is SO high
ewing 70 the excessive charges Of retail dealers for
everything they sell that working men find their wages
1naAeQuate to meet the ordinary OF themselves
and their families Hence strikes and bitterness of feel
1ng between employers and the employed and the con-
1osas decline Of enterprise in building and other chan
1saa A. IN instance in point we may mention
ehAs large hotel projected q short
me anos IN the upper part Of this city and the
necessary capital for it's construction subscribed Tho
ground was purchased and estimates received for
4nnsshing and fitting, which were deemed reasonable
s the times; but whom the TO be made for
The masonry, the hard structure ITSELF was found that
ne cost Of labor and material high make the
speculation Of building new hotel on such scale
mis- indsposition inability to upon new enter
Srisss in consequence OF the high price Of labor will
eventually react to the injury Of the workmen by leav
~ them with little or no work TO do; but At
Ne nme time the absence Of Q proper ad-
Dustusas of retail 70 wholesale prices underes among
oonss sauees the evil But, like water, they will find
tAsk tue lsvsi in the course Of time.
Gold advanced from l3SK on Monday to 1ss on We'd.
Assday, afssr which Il tended downwards and touched
13SK - Saturday, the closing price being 1854 The
Asnanl for customs duties al the port during week
agsFsGated o0o and the Sub-Trsasury paid out
oI4,0o0 In coin for interest the public debt Gold
- loaned at rates varying from 1leth per cont per
1icm for borrowing to per cent for carrying The
Treasury y supposed to have sold to about
mo sxtsnt Of s daily receipts; but the sales
made secretly, is impossible 70 state the amount In
NE abssnce Of ofcial information which the Depart
nsna careful to conceal and Congress failed to its
Anty h not passing law either prohibiting salcs Of
0pvssnmsns coin or requiring them TO be made pub.
ndy.
Ehs sock market was excited throughout the week
~ tAs opening II greatly depressed and the bears
Usss astvsy engaged hammerng to the best of their
abiiy bat this resulted in all the active railway shares
1siag sonsidsaby oversod and sharp reaction fol.
ows which continued to make progress up the close
- business On Saturday, when, at halfpast Ave, the
followinG quotations ent-New York Central
1oX y; Erie, SIX u; Reading, 10oK u Michigan
2nouthsrn, sSK y; Cleveland and Pittsburg, 70 n;
Rock Island, SIX 50; Fort Wayne, o3K K; North
western. sax aK; do preferred, cox ol; Atlantic
Mall sax; Pacific Mail, lz5K III Western Union Tele
Graph, ssaK
{ The upward OF the market mainly due to the
Durohasss the bears their shorts but It
assssd BY demand from speculaors for rise acting
Upon belief that stocks at present prices cheap
although In comparison With the prices In 1851
sad 1884 they high, the following statement Of
- nngo Of the market for railway shares In those
gsaes viii show