The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-21
TWO CENTS.

Assembly of the report of the Committee of enquiry
to the instructions Of the 18th May the Esd
June This document, which you will probably re-
ceve at the time with the present letter very
vouminous one, and Of the utmost Importance. Thu
reading of 1t commenced to day, in the Assembly at
two O'Clock and took about three The members
OF the Assembly who are nculPated, as you will see
are principally NM Ledru 'Rollin, Caussdiere, and
Louis Blanc What the Interior conseq ne may
be, II IL difficult to say; but you will probably learn
some of them by the London journals Of Saturday
the 9TH which will receive intelligence from here Of
more recent date by at least half day, than this
letter. My next letter however, will put you in pos
session. no doubt, of still more important details
PANS, August 8, 1913.
The Bourse aud Money Market
1t was supposed, some ten days since that the new
loan would have been the precursor of a favorable
change in the market. This great financial measure
favorably received, showed a return OF confidence
by the capitalists in the government and day by
day. political affairs appeared to character Of
greater calm and security it expected that affairs
at the Bourse would reassume their wonted aspect,
and that all securities would rise. The loan was pre-
scented TO the chamber Saturday the 22d, and
voted on the Monday and yet, the day after the
fall began to take decided course and from the 90
to the Goth, there decline the thrces OF 20 y5
nd the ves of f5 This fall appears to hayo been
produced by the measure allowing the holders OF GER
ifcates of subscription of the old loan of 1si7, on
which some payments had been made to deliver them
in payment of Inscriptions to the loan The hold
ders these certificates to obtain the
new loan at rate below the market price Of the per
cents and by their throwing them the market they
tccaioned general depreciation of all values The
mount OF these certificates, thus paid into the trea
sury, was estimated at twenty millions bet this was
not the real of the sales since holders sps
culation seeing the funds likely to continue in de-
cline, also brought large into the market In
addition to this the Minister Of Finance had issued
notice allowing capitalists to pay up at all the in
stalments OF the loan, and to receive stock mme-
diately Finding the unfav orabie effect of this
in the present state of the market he has with
drawn this option and postponed to future day
the delivery Of stock. This day is fixed for tho
The threes were well held, and showed much frmness
for several days in comparison with the ives but
the holders of treasury bonds have begun receive
their per cent stock in exchange for their bonds and
have many of them brought their stock into tho
market the threes have also since rapidly declined.
An additional of tho fall is the aar mi ng
of affairs OF the lberatng army in Italy of whose re-
verses we nave from asy to day received accounts
mand tit is said) the intervention of France imme-
dately This was accompanied with news Of rising
at Milan. and grave troubles ut Turin. The general
opinion however, the Bourse il, that shall not
intervene Immediately. Private letters the thea
tire Of war said to have added to the anxiety of the
market
Accounts from Rome too, of no very gng
character regards the cause indepe add.
ing to the probability Of an intervention.
Three of the railways have this week had much doing
in them whilst all the rest have remained nearly sta
toDary. They are the Lyons, Orleans, and North A
week ago, there much uncertainty as to the Lyon s
but the treaty made at SO of agreed on
for the shares subject only to the appreciation of the
Assembly, this seemed certain arrangeme ut and
the rate agreed giving certain benefit to the hold
that This line rapidly, and much business
done in it. The Orleans it has had it's loan all
readily subscribed for and this and the removal of the
sequestration which was in fact only of pre-
serving from the injuries of the operatives who had
struck and threatened to break up the rails and stop
the traffic caused in BoursSa rise from $40 700.
The North has also been much in request The debt
of this company is about it is said, to be converted
into bonds payable at different periods and this
would have the effect Of freeing the funds of the
pany from asheavy present liability, aud preventing
expected call of DO francs share, this line met
with ready buyers at a considerable rise.
subjoin list of the prices for the week.