Black Republic of Letters

"Financial Bulletin"

Translation: The French market for public funds is still in the same state. The start of a new term almost always follows the reactions of a few centimes. The new school of speculation, whose end we are awaiting, seems conversely to be growing with more vitality. Poor placements are somewhat encouraged. We are unfortunately too weakened by the foreign placements that are continuing. The values of credit are encountering serious difficulties in the progress, because of public indifference. As the Bank of Paris increases, the Bank of France lowers. As for property and communal obligations, they are staying steady. In short, the signs of decrease, that were showing in May, in the aftermath of the campaign that we had qualified, were promptly erased. Finally, good public sense has had the upper hand.

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