ABSTRACT
A state of panic greater than has been experienced at any time during the past nine years has prevailed in all the markets to-day. A further fall of 5 per cent, in Italian Stock and of 1 \ per cent, in French Rentes coupled with another heavy outflow of gold from the Bank of England, which suggests the early possibility of a movement of the rate of discount up to 7 per cent., have been the principal causes of the general confusion and loss of confidence. The shares of the various financial companies have been sold at any price that could be obtained and business has been adjourned till Wednesday (the Stock-Exchange being closed to-morrow) under circumstances of intense anxiety.
