The New York herald., 1867-04-25
THE EFFECT.

The War Excitemcnt In Paris, London and
on tho Continent-Fall ON tho Boursc and
Initiation Of a Panic ON 'ChanGe-Itnlian
Securities Down-Ssrcngth Of France In the
Struggle. &c.
BY the arrival Of the above named steamshps We
very interesting details Of the rise and progress OF
the agitation the Continent OF Europe and the
consequent initiation Of the financial excitement men,
toned by the cable prevailing in London and Paris.
Saturday. April Q, alarming rumors were freely cir
culated in Paris to possible rupture between France
and Prussia and Of active military measures being taken
by both Powers Among the rumors we're that Marshal
McMahon has been summoned to Paris BY tele-
graph; that note has been despatched TO Berlin,
relating to the fortress Of Luxemburg that the Duke
de Grammont French Ambassador ~ Vienna, had been
summoned TO Paris that camp Of 100000 men was'to
be formed on the frontier Of France and others
Of like disqueting nature, all Of which were subse-
ouentiy denied with more or less authority, some OF
them officially.
The following official despatch was forwarded to thu
Projects Of all the departments:-
The rumor has been circulated that France has ad-
dressed an ultimaum TO Prussia This news is Alto
MINISTER OF THE INTERIOR
Under the influence OF these rumors panic in
the Paris Bourse, and fell from 6Sf to 66f 30c,
and on the Bouevards, after business hours they
quoted as low as 66E the belief being strong that
speedy outbreak OF war was likely.
Italian securities also fell heavily.
The depression continued throughout Sunday April !,
and Monday, April g. great agitation still prevailed
But as the day progressed better feeling engep
dered, and rentes closed At 66f csc.
or tho state Of affairs in London Monday. the sth,
the city article of the London Times says the French
quotations Of Saturday prepared every for panic
on the Stock, Exchange yesterday morning, and notwh
standing tho unprecedented depression already prev
alent in all classes Of securities, business began in the
midst OF ndscrminate and most sewers further fall
In all markets-several descriptions OF stocks being
In English funds the depreciation was about one per
cent while Italian which closed Saturday at ifty-
two and half, went TO fory-scven, and Russian scrip
declined from two premium to one discount.
United States bonds also seriously affected,
the suppostlon that any panic in Germany will be fol-
lowed by largo while the for tho dispropor
siderstion that Italy might hope to remain untouched
by tho threatened war between France aud Germany,
consists chiefly 10 the fact that this is the stock
most largely held by the Paris spccuators, and
Is therefore among tho hrst 20 be forced down
by compulsory reaiizatons The gloom with which
business commenced subsequently experienced an
crease and although at the close there a partial
recovery tho receipt Of rather less disastrous prices
from Paris there was distinct OF confidence.
All persons confident that II blow Is 10 be struck
IL will be struck without delay and that consequently
the suspense wit not be prolonged beyond ne presenf
month
The chief strength Of France for immediate superiority
lies apparently in her ironctdd fleet for the blockade If
German port, ana hefc as Germany tdlSs about
on<ent Of e total eort ot British produce and manu-
fsr tn ercenent and onriety intense in all cym.
msrcidl ciyclei
The London Ne,rs OF the same day in lis city article
says Loyds yesterday, against tho risk OF Spanish
capture per cent pad on English ships bound
10 Havana and Manila hut therc appeared to be no
great idea Of war with Spain, and few transactions
took place.
The London Herald Gays the panic on Change
more than thai which took place the 11th OF
May last
On Tuesday, the 9th OF April there continued de-
precision both In London and Par and tho Paris Bourse
showed q fall OF 20 centimes. There rather
hrmness in London but the feeling was not maintained