Storm signals are being hoisted in the City. Money is
flowing away to America ; the New York exchange still makes remit- tance profitable; and the Bank of France, loaded with silver which it cannot sell, is unwilling to part with gold. to. anybody. The demand from America, a demand front France, and the demand from anxious bankers, therefore, fall upon the Bank of England all together. The rate of discount has been put up to 5 per cent., all Stock-Exchange values are falling, and if anything gives way there, or the mad speculation. in Paris is checked, there may be a bad quarter of an hour in the City. Money may be 8 per cent, before the end of the fortnight. Trade is good, and the revenue flourishing, but every good Stock in London has been forced up to the extreme point at which investors will buy with money cheap ; while in Paris people are buying shares, especially Bank Shares, at prices as ridiculous as those of Mississippi Stock. That cannot last, especially with a panic about Egypt hanging over the markets, and the French Government moving 80,000 men in a serious campaign. We profess to know no secrets, but the signs of trouble increase.
