The Press.
London, England, 1854-09-23 00:00:00

pug rake anb fit Initilipro.

F*ID*T EYLVHIG.
THE news from Eupatoria is the great point in the
week's transactions, and is good as far as it goes.
People, notwithstanding our successes, are conscious
that a fair trial of the relative force of the two oppo-
nents has not yet been made ; and the 4ttippaital
without question, have their owp places and tlaelf
owp reasons for not oaring opposition to file
as yet. These considerations pygyented the news
from having so much effect= themarket which rnis4t
have been expected, thopiith * 4*o P 44441
Very few obey ipltteces have bad fay actiett
the ntarket. Further arfiyals or gold carpi) to 144
on Monday, to the amount of about 320,0QQ1., frog`:"
New York and the West Indies. The greater part wait
for re-exportation, American eagles being at pre-
sent in some demand in France.
The commercial feeling is uneasy—as was
anu-
cipated. Other failures have followed the Man-
' cheater disaster of last week. Messrs. Deane, Youle,
and Co., of Liverpool, a well-known firm in the South
American trade, stopped payment on. Monday.

Some considerable parcels of the Australian gold
lately imported have been presented to the Bank for
purchase. A good deal of Californian gold, it
appears, is on the market for sale, and, from its
containing more silver than does the Australian gold,
is preferred for remittance to Paris, where a profit
attends the extraction of the less valuable metal.
The Australian gold being thus little inquired for,
and the loss of interest from day to day being an
important consideration, importers have little chance
but to send it at once into the Bank.
The market opened on Monday a shade below
the closing pikes on Saturday, but remained steady
throughout the day at 951 to (I. The speculators
held aloof, and the transactions being chiefly for
money, which was freely offered, it was quite enough
for the market to sustain itself. This same cause
produced considerable flatness on Tuesday, in spite
of a general opinion amongst the dealers that a
further rise was at hand. Consols for transfer were
down as low as 05 in the course of the day. The
speculators now began to interfere, and their antici•
pation of successes in the East brought Consols up
on Wednesday fast to their former price, and then
beyond it : they began at 951 to I, and left off at 951
to and even touched 00 after business. The in-
stinct of the dealers was fairly confirmed on Thurs-
day when the Eupatoria news came in; and Consols
for transfer opened at 051, and for the account at 90,
at which price they remained during the day, with
scarcely a variation, and very little business doing,
especially in the speculation.
Yesterday the market was heavy. The prices
receded to very nearly what they were before the
Crimea news. The fact is, the expedition is not out
of the wood yet, and whatever may be thought of the
Russian power at present, no one supposes it inca-
pable of a very serious blow when its interests are so
seriously menaced as they are at Sebastopol. The
fact is, that the actual price of Consols is in itself a
phenomenon in the midst of a European war of
which no one can foresee the result. Few would
have believed a year ago that in the height of a
Russian war, without a single great victory, the funds
should be at 90. Consols opened at 051, and shortly
after fell to 951 for money, and 951 for account, at
which price they closed, after a partial recovery.
FOREIGN FUNDS.

The Paris Bourse rose three-eighths on Wednes-
day, and one half again on Thursday, with little
doing. There was much inquiry for Turkish stock,
which was heavy at the beginning of the week, not-
withstanding, but improved on Thursday, as might
have been expected. It was commonly reported
during the week that the promoters of the intended
Ottoman bank bad thrown up their privileges, but
the report was promptly contradicted.
COMMERCIAL AFFAIRS.

Trade has been dull, with a general feeling of un •
easiness. Prices have almost invariably ruled lower,
and, with expectations of a fall, few buyers have
appeared. The Iron Market is especially reported
from Birmingham as wanting firmness, and the cot-
ton advices from Manchester tell very nearly the
same story. The foreign markets have been heavy.
In fact, everything characterises a tone of expecta-
tion and anxiety.