The Press.
London, England, 1853-08-13 00:00:00

risttlianta.

The Greet Brifain (.nt Liverpool on Thursday
for Anst•nlia, with lx.Mee.t :0)0 and 40t ptwultgeilnnd it
lary c 1.:;o

358

A concession has been granted by the Tuscan Govern•
meat for a railway of eighty miles from Florence to
Arent), the frontier town of Tuscany next to the Roman
States. Proposals have been submitted to the pope for its
extension to Rome, a distance of about 230 miles.
A mass of pure copper has been discovered in the North
American Mine, fortytwo feet long, twenty feet high, and
two feet thick. It is supposed to be the largest mass of
native metal ever known.
The land line of telegraph connected with the Subma•
rine Telegraph Company's continental series was opened
to Birmingham on Monday last. That town is, therefore,
now in inunediate connection with the great link lines of
Europe. The same company's wires are being rapidly
extended to Liverpool and Manehester.
The coutinnanc s of line weather brought down the price
of wheat at Mark•lane on Monday front :Is. to 4s. per
quarter for English, and about 2s. per quarter for foreign.
The Great Exhibition is making the tour of the world.
The Frankfurt Junrhal states that the Bavarian Government
halt resolved on the erection of an edifice on the model of
the Hyde•park Palaee, for the Zollverein Exhibition, ut the
cost of 3011.001 florins.
The international committee for the Central Railway of
Italy has direeted that the tunnel under the Apennines
be commeneed immediately.
The Berehrbe. a 030-ton screw•steamer, for the Brazilian
navy, was launched at Messrs. Green's establishment at
Itlackwall on the 4th inst. Six 32's and it pivot lis-pounder
will form her armament.
The King of Bavaria has eonf.•rred the (brand Cross of
the Order of the Crown of Bavaria on Baron .1. Von Hum-
lboldt.
The reigning Duke and Bindles,' of Coburg bad sll fully
recovered from their recent attack of measles as to be able
to attend divine service on Sunday last at the church of
the Kalenberg Palace of Cobu►•g.
A lump of quartz and gold has been sent from California
weighing 52 pounds avoirdupois. Being melted, 351bm. 5 oz.
of gold, worth 17 dills. per oz., were taken from it, giving
a value of 7,1121 dols.
Only one Eiumwan cosl•e-pbmter was to to he found
in 1834 in the interior of Ceylon ; v there are about 3(41,

Monty Parket anb it lifittelligtste.

EVr.NING

Tnn more pacific aspect of the Eastern question
(coupled with better prognostics of the future
harvest) has produced a very favourable im-
pression on the public funds. Consols, which closed
last Saturday at. 962, opened on Monday morning, in
consequence of the announcement in the Mon item.,
at 9M ; and, with trifling thictuations, that price has
been fully maintained during the week.
The settlement of the Consol account has proved
that the public have been large purchasers of stock
—the rate of continuation, from account to account,
not exceeding f per cent., which is at the rate of
per cent. per alumni.
Notwithstanding this cheap rate in the Stock Ex •
change, occasioned by the scarcity of stoek, money
has been in considerable demand in Lombard-street ;
the rate being 31 to per cent. Indeed it was ru-
moured at one period that the Bank of England
woull raise their minimum rate of discount, as the
demand fur it at Bank rates has considerably in-
(Teased.
Those best conversant with the Money Market an-
ticipate an active demand during the rest. of the year.
Much, however, will depend on the state of the har-
vest, and the prompt settlement of the Eastern ques-
tion, for nothing of the market so much as a
state of uncertainty. Other causes also will have
their influence, and none greater than the measures
the Government will adopt in regard to the South
Sea conversion scheme. It is to be hoped that no
delay will take place in bringing that difficulty to
a conclusion ; for until it is, the Money Market will
never assume a settled appearance.
The state of the Exchequer Bill Market also re-
quires Mr. Gladstone's attention; for it. is not credit-
able that Exchequer Bills should be at a discount,
although, until 3larch, the pernicious effect of this
state of affairs will not make itself manifest; as,
until that period, they are not liable to be paid in for
duties.
Another cause of anxiety as regards the Money
Market is the various foreign schemes and loans
which are ready to be lannehod. We may mention
the Paris Waterworks Company, requiring a capital
of four millions sterling ; also various eoneessions of
railways, and doubtless many loans.
Nothing but perfect confidence in the maintenance
of peace will enable the market to sustain new
emes; those already in operation being mere
. .
tr aufflfilent for the present supply of money. In-
, -
taklig into consideration the general aspect of

Y ;__-_ . _..
r4orse-.• 111111" itis evilent that the demand thy money will
in. p
~.,,, ~
i peca.. ttlep, equal the supply for Qom+) time to come.
Lontiol, close this afternoon 9s! i ; Exchequer
)1 s: XI I Flii: to Is. tlis. The exchanges ore without
.1 lel, 4.44 tiC4l;
t il,
• ; %.*41;14 ifili foil.: 0 111:. IGN FI7N DS.
~___ 1 e market foreign funds has been firmer this
I `7lfeek, but the transactions have been limited.