The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-11-21
Our Paris Correspondence.

Tie Bourse and Money Market
During the last week the funds, which showed
some disposition during the first few days,
took downward tendency afterwards. Attempts
had been made to work up the prices so as better
to allow of the fall which would almost certainly
follow the discussion of the budget OF 1913, and
the approaching election of the Presidents but
these attempts were rendered abortve by the I'M
expected resignation Of NJ Goudchaux, and his
being succeeded by M. Trouvc. Chauvel. 1t Is not
that NJ. Goudchaux bad preserved unlimited influence
thespeculatos; but it supposed right wrong,
that he had taken the frat opportunity which pre-
eented itset Of quitting the Ministry, because tn,
situation of the inancies offered difficulties which
he could not surmount, and his successor came into
office without apyguarantees, from his previous posi-
ton, Of capability. His name was received with
downward movement, which made progress when
the que ston Of the Presidency became the order of the
day and parties began to occupy themselves with the
several candidates It IL generally thought that busi
will continue in almost perfect state Of stag
nation until after this election Besides what have
mentioned above as tending to preve mt rise, the
speeches Of Gen Cavagpac the debate as to fixing
the time tor the election of the President have had
their due influence The events of Vienna have ope-
rated but little, II at all, on the market.
The last weekly balance sheet OF the Bank OF France
shows, compared with that of the 10Th Of October
| an increase Of nearly one and a half millions OF
| francs in the bullion in the Paris Bank, and q
diminution Of tenth part of that sum in the
1 bullion in the branch banks-an increase Of more
| than one hundred thousand francs in the unpaid
| bills diminuon Of two millions in the DISCOUNTS
| ut the chief bank, and nearly half a million
in those of the branch banks. The protested bills
reduced half million in the Bank of Paris aud
about tenth Of a million in the branches. The
| notes in circulation increased four AID q half
millions IN the Paris Bank and decrea,ed about a
million in the branch banks There Is diminu-
| ton of $50 600 francs in the treasury balance
SEQ Oo0 francs in the general accounts current Of
Paris and increase of 900 francs in the accounts
current Of the branc The whole amount of bull
hon in the principal and branch banks amounts
to 231,C0O,000; the whole of the bills discount
ed to 750t0 0oo the protested bills to 20 500 000 the
circulation is 800 600 00Q the treasury account 10 O0
OS0 the general accounts current above 100 900 600
The advances to the State and the city Of Paris have
not varied this week -
The DOniieur Of the Goth publishes a comparative
table Of the principal imports and exports during the
nine first months of 1896 1877, and 1913 Tb, table
places in strong relief he falling of OF
and nanufac lures On the imports almost all the
ticles have fallen and some in enormous proper
ton. This may be seen by the following extract
showing the results Of the and 1877 which
be it remenbe ed, was year Of commercial calamity.