The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-11-26
SUNDAY MORNING, NOVEMBER 26, 1s4s


always prefers certain grounds ofjudg~snt and
the Inform 1t yet collect the chances OF
or the other candidates for the Presidency, are
too vague to allow the SPECTATORS to hazard anything
on the result Thus the most experienced abstain
Iris question 81 the Presidency has almost wholly
absorbed the attention Of capitalists but stu has
debates Of the Assembly on the rctied OF !S4S
and ON the Of the revenue Of lS49. Unhsp
PLY, they not disposed to adopt without examina
lion the calculations Of M. Goudchaur, or NJ
TIouve Chsuye 1t Is difficult TO say II the dehct Of
this year. although there are only two months to oome
be aiceItaned; consequently 1t Is thought impos
sble hazard for 1S49 the adoption OF estimates on
which thing like certain calculations be formed
Can them the receipts OF the two last months Of this
year be adopted abases Of estimates for the next year,
besides which every Minister promises for the future
great savings and considerable authorizations, which
are rarely, II ever realized. Have our Finance Minis
considered the expenditure rendered necessary by
the augmentation Of the public debt the foundation
of the agricultural colonies in Algeria and many other
credits regarded indispe nsible!
Irssults from these reflections that the Bourse at
tschts but qualified credence to the favorable details
stated at the tribune Of the Assembly, to the results
Of 1s49 What Is to be certain, is an enormous
deficiency Of nearly $50 millions for 1siS and pro-
Why the sellers are not in hurry to realize their pro-
fits after great decline 1t has been supposed
that the two projects Of law presented to the Assem-
bly, by M. Trouve Chauvel as to the Bons du Tresor
and the savings banks, have contributed to lower
prices The minister, by announcing that supple
those parties and that the calculation would be found
cd the average prices Of the ves and the threes
from the 7th Of July has left in doubt the period to
which the average would be struck. It has been con-
jecured that it would be up the PRONUNCIATION Of the
DEGREES. This omission in the statement Of the minis
ry loan to operate on the funds BY producing fall SO
to obtain larger average and this operation they
have been assisted by the obvious tendency Of the
market To this operation, therefore, partly, lie attr
buted the sudden decline Of prices Saturday The
events Of Vienna have had no influence this week
our funds, since the result Of the struggle has been
foIeteen.
Bank shares have had downward movement, ON
of the weekly balance sheet published the Sd
being considered, far from satisfactory The specie in
Paris has increased 2a millions and In the depart
emit quarter offs million The commercial discounts
in Paris have diminished millions those OF the depart
nents have increased La millions. The account cur.
rent Of the Treasury to Its credit Is diminished from
ga millions to ia millions The overdue bills are in
bills falling due the end Of October being payable
in due c0urse until the I'd November, the balance
sheet having been made up to that day The specie In
the bank 1884 millions, against 39S millions of
issues. The protested bills still amount TO 221s mil.
lions. The whole commercial discounts for Paris and
the departments, are l725a millions.
Nov. 8-The Bourse Of yesterday was disastrous; the
fall continued the holders who had been attracted
in crowds the decline Of the last few days Offering
to sell ell Sides precipitated the fall thai the five
per nts declined 20 and the threes 35 The ves
left of at SO co. and the threes at 40 20 week since
the ves wei at 6s &c. and the tbrees ct a. The princ
pal motive Of the panic that the subscribers
to the loan would refuse to pay up the remaining
instamen ts, if the fall should continue. This they
paid for the Minister of Finances Ia negotiating this
loan committed the Of giving inscription OF
renfe for each nstsment paid instead OF waiting the
payment OF all the instalmen ts and then giving an
inscription for the entire amount of renle. H. there.
FORE the ves fall below 81 g. the subscribers will find
it to be their interest not to up the remaining In
stsme uts 1t may be easily understood that this has
created great alarm in the market, prices are ap.
preaching 81 for il the state should be left without
the which it calculates from this loan, It
will be obliged at the beginning of 1849, to find some
means Of meeting the most urgent claims. Nu-
viIcee ana contributed materially to the panic. Dur
Ing part Of the day prices for money we're cenumes
below prices for the end Of the month. A multitude
Of rumoIs ahoat-soms said that negotiations
had been going on between General Cavaignso and
Ledru koin, TO obtain the retirement Of the latter
from the candidatsship for the Presidency, and the
throwing the ultra interest into the cand
dsteship of General Cavaignac, on condition of ap-
pointing Lsdrs Robin Minister of the Interior Others
.sssa that NJ. sDufaurs sbouk to reign, ,choos
ing to lend himself TO promose the election of General
Csvaignac, IN truth, the whole Bo1rse was one
shares fell l25 francs, closing at 1880 Besides the
common causes that occasion fluctuations in this
security and the effect that any considerable auctua-
ton in the funds has less all Values this fall
Is 10 the apprehension of the effect the
bank Of the serious dhieutiss likely to ensue to It
gloomy of the market the bank being holder
Of "a millions Of rente Of the public debt.
Much anxiety was expressed as to the intention said
to have been formed by leading banking house
tMessrs Rothschilds fere to wind up their affairs ON
account Of serious losses sustained at Vienna This
come toy is known that since the revolution Of
February it had taken such position to enable 1t
to close its affairs at my Al distrust PREVAILS
and tboussn alarming rumors ahoat the premium
gold has increased to 81 francs the 700 france
Nop 9.-The Bourse opened yesterday at the cloeing
prices of the previous day but the amount OF stock
offered being small, and considerable purchases
having been made ION account, 1t said, of some
German houses suddenly put stop to the fall, and in
less than quarter of hour the Fves to "a and
the Tbrees to 40 As Prices seemed what unsteady
after this but about O'Clock the Threes had reached
~ and the Elves GA co. They closed at AZ and "a 90
for cash, and 70 and "a IS for account.
possible that the fall Of the price of the Elves to
nearly that which would risk the abandonment OF
the payment Of the future instalments Of the
loan, may have induced certain capitalists interested
in the event to to the aid Of the funds. Dur
ing the whole Of the bourse, the agitation was
extraordinary and the fluctuations considerable
Towards the closing 1t was rumored that General Ca
vaignac had made overtures to the Rue de Poitiers
ported by that reunion, he would appoint NJ Theirs
Vice President, and choose his ministry from that
party; but the reports yesterday wre current Of
proposal having been made to M Ledru Rollin to
similar effect, these rumors obtained no credenee.
The tpecuators know very well that 1t Is not this ALL
ance which would induce the majority to vote for &C.
neral Cavajgrac.
Bank shares followed the movement Of the funds,
and rose to 1880, and closed as you will see, at
1875 being rise Of 146 francs the closing prices
Of the day before Railways and all other domestic
ysires, also rose
The prices of the week are as follows
pr 80. 5per cts, toid) 5per cts (todn) Bnkshs
Nov 2. .43 60 6I76 6f76 AGO