The Press.
London, England, 1853-07-02 00:00:00

glom ill add :tub tit!! 3ntelligne.

FRIDAY EYRIIING.
Tug unoertainty which still exists as to the ultimate
designs of Russia tends to check all monetary and trading
transactions, and to limit them ahnost to the wants of the
hour.

As from every misfortune a degree of comfort is to be
derived. so the moneyed world may at least congratulate
themselves that these mamma of war have !Wed them
from being OVerWhellatil Witlt numerous joinwitoek schemes
which were ready to employ their surplus capital to any
extent, and which, in uiue cases ont of ten, would have
ended in total loss.
Would it be believed that Russia herself has been sound-
ing the possibility of a loan in the shape' of guaranteed
railway projects? It is, however, to be hoped that the
more than Siberian coldness with which so mom,uvaa a
proposition at the present juncture has been recrivwl, will
tend to make the Russian Goveniment pause ere they
embark in a contest which, in a financial view, must pm"
ruinous.

It is stated on good authority that the Turkish Govern-
meat has entered into an iwrangeturnt for the reconstruc-
non of the Bank of Constantinople on a firm lauds. It is
probable, in the event of Turkey being forced into a war,
that the Government of Frantic end England will guanur-
tee her a luau. so that she may be enabled to tight her betties
single-handed. without (lilting on them to afford herphryieul
support to the last moment, and !al) to confine the war within
the narrowest limits. This would probably he the beat
mode of proceeding, in a financial and political point of
view, as it would prevent that interference with the com-
merce and industnal pursuits of the whole civili,ed world
which active hostilities with Russia would ►e sure to
entail.

Whenever the political horUon brightens, the next great
movement in the financial world will be the establishmect
of railways in India. Our• political and fina►cial necessi-
ties imperatively call for this; for Manchester us beginning
to discover that the wealth of Califinitie and Australia,
although it has hitherto brought large orders, also enablini
the growers of cotton in .tn►erica to withhold their crops,
and to demand higher prices ; and that, without the own-
petition of lndian•gr•own cotton, this evil will year ►y
year increase. Vt a believe that many of the rho►tcotainipt
of the East India t 'ompuity might hare been averted bad
greater facilities for the construction of railways been
started. It would 1* far-sighted policy in the Company.
at this crisis of their &Hints, to wake gold a legal tender•
as well as silver, taking the pivsent relative prices of oath
metal as the measure of value : it is always better to have
two strings to you• bow ; and the most bigoted Perlin',
must now admit that most of the tuoneta•y panics and
misery of the last thirty years have arisen from the our•
taihnent of the circulation caused by the abstraction of the
p►evious n►etals,even though denying that our preeent state
of prosperity arises, not from free trade, hut from the greater
abundanee of the p►ecious metals, which enables free trade
to be carried on. _ _ _

Among the large tratisaetions in the commereial world
which have taken place daring the lust tell days, we may
mention a purchase of wheat on French account to the
extent of :250,00) quarters. The market may he touted
for wheat ut lewd too. higher.
There has been decidedly a greater ileiniutd for money
timing the week, mid the rate is :II per cent. per annum :
this may he occasioned by the near approtteli of the divi•
dent's, tool of thu 4th of the month, when large amounts
of Hills of Exchequer fall due ; but it is also to be sari-
laded to a demand whirl. has sprung up among the lime
Sian merchants, and very rohaloly to the withdrawal of
mina. of the large iteetinoubiti !4 the Ellaperer 114W)1441 i.
stated to have in the finals of this e try.
The thietuations in the Muds have been very ineonsi-
derable. The pried of Consols has not fillet tinted nute than
ont-loulf per cent. diming the week : they close this idter•
noon ,u " R ; 1.:1401441iter to to pin.
Tin. bower, with the exception of tit. Pe.
terslairg, which is higher : this would scein indicate the
truth tot' the withdrawal If homey ott tits. part of Russia.