{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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Meooay, may u-0 y. II.


Ansr grsssr panic IN Wall strsst than has been
experienced Tor many months There has been an
average su in the fanciss Of i've psr cent with every
probabiityof prcss going ssll lower Tho bottom Of
"au street. appears to have. fallen out


Afhs nrst board Long Island fell o spsr cent Har
ism I'll Norwich and Worcester Al Reading Railroad
.; Morris Canal 2; Farmsrs' Loan ~; Psnnsylysnia
oss Ohio es. 81 Canton . The sales were large and
there appeared to be disposition to sell any quantity
buyers however. forw ard boldly and freely took
every lot offered which sustained the market more than
nwouid have bosn otherwise AT the second board Nor
wien worcester improved per cent and other stocks
~ 'ns ns closed hm at prices current in the morning


Tho stock operations Of Wall street have throughout
'ne day been in perfect fever of excitement and the
banks have had things oil their own way fall Of 6ve
per cent in one day enough satisfy the most abid
bear in either board These Mexican difficulties will
create great revolution in the complexion Of political
ana commercial aais In this country There IT, at pre-
sent avery fair probability that the surplus will
be rapidly reduced by distributing II through the coun
try for the purchase of provisions and munitions of war;
WILL therefore, 60 into the hands Of the people, and
hsys very favorable influence upon trade generally. 1t
win into the hands Of the farmer and from the farmer
into the hands Of the country merchants and from them
ntohe hands Of the city jobbe importers &c. and give
greater impetus to the wheels Of commerce.


The large appropriations. which war with Mexico
viii require ust draw upon the treasury to such an ex
tent that every of will require fostering
and the prospect is that the tariff will not undergo the
notifications and reductions contemplated war Of any
magnitude win require funds than we have now ON
hand and the government husband its means to pre-
vent direct tax upon the people II is the impression in
the minds Of many Of the shrwdest fnancier that much
good will come out Of the temporary evils that may arso
nom the position of our foreign aairs-that the dcul-
ties with which We have been and still are surrounded
WILDE cleared away much than many anticipate
ana that we shall como out Of the fire purified and i'm
proved In our political and commercial relations.


The North Branch Division of tho Pennsylvania canals
was opened for navigation last week. and boats have
already begun to Thcrc immense quantities of
railroad and pig iron stored up along the ne awaiting
an carly tanshpment to tide water Boats appear to be
very scarce In comparison to the quantity Of freight ON
hand Tho coal trade Of tho Wyoming region will also
Be greatly increased this season. account Of tho many
new iron establishments already erected or in contempla
don along the Susquehanna Valley.


We annex table exhibiting tho quantities Of certain
articles imported into this district for tho 6rst four months
OF the past three years This statement merely includes
tho most staple articles Of mpor-foregn manufacturcs
cannot be enumerated and not therefore given =