The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-18

thorising any new credits whatever their utility until
they had qualified the income and expenditure.
has been remarked for several days. operations
have begun to be made in the Five per cents for
the Of the month, with margin Of three francs
the closing. This circumstance would indicate that
considerable rise, Or all events, great variations
in the quotations are expected.
Much attention and interest now excited by the
plan of the Minister of Finances to organize
dit We have but very imperfect hints of the bases of
the system of M Goudshaux, but they sufficient
to influence in the funds and occasion
sales of bank shares which have reached 1000 francs
1t has been said also that the directors Of the bank
had decided that they couldnot yet resume cash pay
ments, had been demanded by several bankers.
The bullion IN the bank may it is true, be considered
high in proportion to its notes in circulation 22S
millions of bullion against 372 millions of notes but
there are l49 millions of accounts current and several
other amounts which do not form parts Of the notes
which might be immediately called for, which would
render the situation of the bank critical II it should
resume its payments, and any unforeseen circum-
stances were to ensue.
The principal cause Of the uneasiness which now
prevails at the Bourse the situation of the
market at the end of the month, many spectators
fearing heavy deliveries at the settling But as there
is nothing to lead to the suppositon that the orders
from the departments will not continue to arrive it Is
probable that many sales may be effected in this way,
settling.
We have no particular news from Italy; but much
surprise has been expressed that an official notidca-
made and doubts are beginning to be entertained
to its truth. However the general opinion ia deci-
dedy against the probability Of the resumption of
On Tuesday, the arrival of Prince Louis in Paris,
announced at the Bourse, accompanied by statement
that he had had interview with General Cavagnac,
his appearance had been for some time nsidered
to be likely to be productive of disorders this news
caused partial fall but prices rallied, when it
ascertained that he had taken his seat at the
sembly and that public tranquility had not been dis.
tuIbed.
Some idea is entertained at the Bourse that pro.
ject for issuing notes. in the nature of bank notes
transferable to bearer to be secured by the guaranty
Of real property mortgage will be proposed to the
Assembly, but 1t is not believed IL will be adopted
is not we'll received at the Bourse The mention
of its being likely to be proposed has, however, caused
a fall in bank shares.
Railways have now almost ceased to be thought Of
There is little nothing doing in any of the lines
Some statements in the Standard and Morning
Herald, English journals speak of the returning
tivity and improvement in commercial affairs. I'm
happily the writer's either very iinformed have
some view in what they write since find little
confirmation of this improvement. Matters are
decidedly somewhat better, but far from being in
either a satisfactory or healthy state.
commercial letter from Havre states that business
is resumng its activity. Most of the manufactures
at work. and nearly all their have returned to
their empoyments; but the manufacturers rather
preparing for expected purchases for the winter than
for any orders they have actually received.
subjon the prices for the week -