The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-21
PARIS, Jan. 49, lS4S.
State of the Paris Funds-Agitations and Reports
ON the BOurse.

PARIS, Jan. Is. lS4S.
State Of the Paris Fands-Agitations and Reports
on the Bourse.
Durlngt the last ten days, there has been a gene
raj decline of prices. All securities have fallen.
The three per.cents, during the past week, fell
from rs 10 to 74l5, and the fves from ll7.15
to 1925, which were their last quotations.
During the last two days, this downward move
ment was continued, and the threes closed yes
terday at 1870, and the fves at 1855 for the
end OF the month In the share market like
downward movement took place, but not so
rapid or extreme.
This general depreciation OF securities has
been ascrlbed to variety of causes, among which
the reported decline of the health of Louis
Philippe is named most frequently. Neverthe-
more real and practical cause for so general a
fall may, perhaps, be found in the near approach
OF numerous and heavy calls of the great railway
companies, combined with the monthly install
ments on the new loan. These produce real
pressure on the market, and one from which no
contingency can relieve 1t. Holders OF shares
who are unable to meet the calls expected to be
made three months hence are selling, and those
who are able to meet them, are selling govern
ment stock to provide funds for the purpose, in
contemplation Of further fall. Well, it is CON
tended that money Is not really 80 scarce, either
relief is expected from the approaching half
yearly payment Of the dividends on the fives -
There are still other. causes of the recent and
present agitations of the market. Reports unfa,.
vOrable to the maintenance Of peace arise out of
the situation of affairs in Italy and Switzerland.
Not day passes that reports are not circulated
on the Bourse either of an invasion of some of
the States of Italy by Austria, or Of some eneute
in the same States. The debates in the cham
bers, since the opening of the session, have also
contributed to the agitation of the market, being
considered by spectators as presaging stormy
times. In word, public confidence has been
considerably shaken. 1t is true that this situa-
ton of affairs, may be regarded as the reaction
of the unreasonable rise which took place before,
and even immediately after, the announcement
OF the conclusion of the new loan. Bold specu-
lators were at that time overburthened with
stock, which they expected to get rid of after
the adjudication. Although surprised at the
price at which the new stock was issued, they
nevertheless, pursued their operations; but they
force of things, which has brought the new loan
down to the price at which it was issued, and
has now reduced the .threes below "a. 1t re-
suits from this: that being compelled to abandon
the course they had resolved on, by the appre.
henslon of the future, they are Obliged to make
their settlements on the most Instantaneous
conditions, and thus accelerate the fall of stocks,
already declining from other causes. From the
very commencement of the month, this state of
things wasforeseen; for it had been observed that
the parquet became sellers in the cousse by means
OF combinations, OF an immense of quantity of
stock. 1t was therefore concluded that stock was
passing into bad hands. Each party Immediately
contracted their operations, and thereby fastened
the denouement of those which had been effected.
Even In the most prosperous condition OF the
market, such circumstances would be often suffi-
Client to produce a b0uiererSen,ent; but how much
more certain must such an effect be at present,
when the market is glutted with securities which
as yet represent no real sources of revenue, but
only vast works in process of execution, the ultl-
mate returns of which no one can certainly
fOresee.
MARsElLLys, Jan. Is, 1S4S.
Breaking out of the Sicilian Revolution Thrilling
Description of EventS, by an Eye Witness
History and anecdotes of the same.
We are here in state of high excitement, ow-
ing to the arrival of intelligence of general in
surrection which broke out in Sicily on the an
niversary of the fete of the King of Naples. You
have, doubtless, been made aware, by your Ma
pies correspondent, that for long tme the great
est discomfort had prevailed throughout the do
minions of the King of Naples, and especially in
the Island of Sicily, where political reforms, the
emancipation of the press, and the re-establish-
ment of the constitution of 1912, have been loud
ly called for. These demands have, howe yer,
been resisted by the king. The population, ex-
cited by continual disappointments, at length re-
solved, that if on the celebration of the anniver-
sary of the kings fete, which was to take place
on the 18th of January, the reforms were not
granted, they would proceed TO enforce them
Out of this arose the transactions which ! am
now about to relate to you; but think II will be
best to give you them as nearly as possible from
the words of the parties from whom we have
extract such passages from the letters of eye
and ear-witnesses as will present you
with the most lively tableau of this important
says-"As early as the 9Th instant, the Sicilians
had acquired the conviction that nothing would
be done to relieve them of their burthens but the
period fixed on for demonstration, viz: the
18th, was not anticipated. AS the movement was
for action, waiting for the signal from Palermo
Without knowing precisely the nature and ex
tent of the manifestations. the police foresaw the
events, by the calm and decided attitude OF the
population, and irritated it the more, if possible
by efiectng, on the night of the 9th, the arrest
of some OF the first persons in Palermo. They
are the same who, in the warm demonstrations
effervesence and restored to order, when the au-
thortles declared themselves uunable to do so,
these impatient masses. Amongst the persons |
arrested the following are mentioned:-Prlnce
Fiorenza, the Chancellor Amar and his brothers,
Francis Ferrari, and twenty others, all equally
"Count Acceto had been denounced, but when
the police wenA to his house to arrest him, they
found the doors barricaded, and they began to
beslege the house, the first floor of which is oc.
cupied by the English consul, In the course of
their proceedings the arms of England got de-
tached and, falling on the ground, were broken
to pieces.
"The police, dreading the Intervention of the
representative of England, withdrew, amidst the
hootings of the populace. M Acceto was thus |
saved, and the consul sent off communication |
Of the insult which his flag had received, to the
British ambassador at Naples, who has demand |
were of nature to keep up the energetic reso-
luton of the people Every thing, however, was |
organized in silence. Manifestos were sent of |
secretly from Palermo, in all directions of the |