The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-21
AMERICAN RAILWAY STOCKS
Closing Prices. Business Done
THE PARIS RO1TRSE.

from Galignani of Paris City Article). Nov 81
Tho market has been more settled than might have
been anticipated, owing 10 the gloomy tenor Of letters
from London II supposed that the rate Of discount has
been raised 10 per cent by the Bank OF England and
y by the Bank Of France but official notice has
been received. II appears that railway company hav
ing requec Of the government the necessary authorize
ton for issuing loan to continue their works, the
Bank Of France has consented - make advances the
debentures, that further issue will be made
the market Ihrecs have been done from eff &C. TO o6f
HAIr.pAsT THREE-A telegraphic despatch has an
that the Bank OF England the Of
discount TO per cent Branch securities were, however
steady TO the close.
Bourdin agent change at Paris brought an action
the Ath of November before the Tribunal Of Com
mercc Of Strasburg 10 obtain from NJ Mailer, Of that
city payment OH SOS franc the balance due sundy
specuaticns made for him at the Bourse at Paris
But the tribunal, finding that the said operations
Of gambling nature, MAILER never hay
ing had the intention Of receiving providing the secur
cevng paying the difference that might be occasoned
BY rise or fall IN their value dismissed the action with
costs.
There a rumor that the Bank of France Is about 10
raise the rate Of discount probably to So cent That
tins step II determined upon Ii the OF the move
the part Of the Bank of England there can be no
doubt The monetary sympathy between the two coun.
tries is now so complete that hero is felt i'm
mcdiately in Paris, and produces tho effects The
object with the national establishments IN both coun-
tries at present IL 81 course, 10 keep the specie in
the country and although France does not experience
the drain FOR India and China which Is felt here and
which, undgr existing circumstances, must be met shc
dtor which America has the OF Europc-per.
haps the only large credor-is France and is much 30
D. feared that The ssc' If The crisis IN The States has only b.
gun 10 h fen the channe During the period of
travagance and high living which preceded the revulsion
IN the States the wines and silks imported Ia
ordinary quantities The day OF reckoning has arrived
and the consequence that many French houses large
hc Amricdn trade, hare already stopped plyacni Tho
firm stand which the Lyons manufacturers have made,
far led to the belief that the pressure could operate
very seriously there but this confidence IL not well
manaDod the pressure advances and the
must be that many viii succumb. II has been
suggested that the French merchants and ship
pers should take their settlement Of their accounts
in cotton and grain and other American pro-
duce. The suggestion is, doubt good for those
who turn 10 account but there many manufsc
turcrs and wine growers France who may be able
10 do So The facilities which II is said the American
banks about afford for bringing produce % the ports
~ shipment Of the greatest moment and will assist
materially In allayng the disturbance and mitigating the
pressure American produce In the European markets IS
cash. or, all events the most convertible material
possible Many however, of opinion, huniing
ne recent rry Favorable report Of the French Ninar ~
Fpancs sai ~ finances n Frame are IA condition ne
II G,igacov and That MONETARY crias an int
country neithsr improbable remote n this
be the present disturbance will unquestionably prec
ptaie event which, sooner or later, must arrive III
the credit system France his not attained gigantic pro
portions has certainly approached limits by no means
consistent with the principles ~ sound finance and the
question s whether Il possible To reccde without pro
ducng the CONFUSION certain 70 occur under the existing