The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-09

Whence it results that the rise since the 10Th No
v.mber was Is francs on tho Elves without reaching
the coupon detached on the eth March) "A rs on the
loan 10 80 on the Three per Cents and ITO on Bank
Shares. 20
lowing day, Sunday the 18th, the Elves were
done in the Passage de POpera and the Coulisees
at 50 rs. The Bourse Of Monday, even in the
opinion of the most cautious, was to show con-
tnuation Of the rise, and 80 francs for the Five
per Cents were generally spoken OF as TIE probable
quotation for that day. Capital was flowing in,
it was eaid, from all quarters. Buyers from
London and Amsterdam, were operating freely IN
the market Germans and Italians were bring
ing in funds for investment. The provincials were
RENTING money that had been for some time
withdrawn, and all to find employment ut the
Bourse. Besides these, the old deposltors in the
Savings Banks were expected to crowd into tho
market with the amounts they had lately received.
to buy into the Rentes Stock would necessarily
all aspects, inevitable. That which gave authority
TO this reasoning, was the undoubted truth Of the
premises on which 1t was founded the error lay
IN drawing conclusions somewhat too rashly-
Monday came and the market opened with re-
duced quotations. Various were the causes as
signed. Large sales to realize profits, dssensions LII
the cabinet IN respect of Italian atflrs, &c;, &C..
were stated TO be the motives. The fall alarmed
the buyers. They began TO perceive that they had
ventured too rashly, and gradual decline was the
This was followed by rumors of the resump-
ton Of hostilities by Piedmont, and spectators,
u
their calculations as to its consequences, appeared
for come time to have altogether lost sight Of
foreign policy, now began to take serious alarm at
the warlike disposition of Sardinia, the colnplica-
tons beyond the Rhine, and the cruel injustice Of
Russia in tho East. Within three Bourses, the
funds had fallen 6 or francs. 1t was verltablc
panic The Rentes had, il was asserted, fallen
into bad hands; advanced from rs to 80 francs
by capitalists, they had been raised from 10 to-
Is francs by SPECTATORS OF influence, and from 30
to 80 francs, they had evidently been abandon
ed to gamblers who had been encouraged by the
success Of their operations, and found dangerous
facility in carrying them out, together from the
universally entertained and apparently well found
ed opinion Of continuous rlse; and this to a great
extent is the explanation given OF the rapid fal In
the market. Yesterday it had the appearance OF
being somewhat firmer, and an evident ameliora-
ton was about to exhibit itself, when the course
taken by the opposition on law as to the clubs:
accustomed fall of l IS without the "nrquet;
but a reaction taking place on the announcement
of the result OF the vote In favor OF he governments
a rise Of one franc was the consequence
That we are without doubt, IN uic course Oh
Improvement, is undeniable; and from the resuinp-
ton Of employment for our merchants, n,tnoiac-
tnrers and artisans which is now beginning to ex-
h;h;t Itself in combination with other causes, we
.hai certainly see credit and confidence restored.
AZ passv the Minister Of Finance, holds out TO US
cold hone of this and his speech has been great
ACKNOWLEDGEMENT for the country Order, he says, IS
ree,tabshed in the finances; the public service IA
provided for, and the deficit Is diminishing by IN
creased receipts If peace be preserved, the equi-
Ibrum of the budget will be soon re-estabhshed-
send you the prices tor the last fortnight; -