The Press.
London, England, 1854-05-13 00:00:00

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FRIDAY EVENING.
Ix the City the Chancellor of the Exchequer is
regarded with dread: he is either keeping the market
in a state of suspense, or throwing it into a state of
excitement. On Monday it opened in the former
mood it was doubtful whether his scheme of raising
the first third of his six millions had quite succeeded.
The list of subscriptions was to have closed at
two o'clock, but was kept open until four. Consols
were from 87i to f, both for money and account
(Thursday). The war is beginning to raise the price
of freights. Antimony, which we obtain almost
entirely from Borneo, has risen from ss. and 10s. to
51. or 61. per ton. In the last war a considerable
supply of this mineral was obtained from the old
Trewether mine in Cornwall, which is believed to be
the only mine in the United Kingdom whence regular
lodes of it exist, and this was sold at 801. per ton.
It is about 25 per cent. less pure than the antimony
from Borneo.

In the course of Tuesday it was known that about
100,0001., in which the first two millions of Exche-
quer Bonds were deficient, had been subscribed for,
but the new bonds were only quoted at from par to
# pm. Consols opened with a firm appearance, soon
rose to 87# 71, and closed at SH for money and the
present account, and it lower for June. The Money
Market is tight, and discount for first-class bills is
above 5 per cent., with an upward tendency.
On Wednesday the dealers were chiefly occupied
with the settlement of the account, which was very
" bearish." Consols were 84 to 881, both at the
close and the opening of the market, but after regu-
lar hours transactions were entered into at a price a

shade higher.
Transactions in the New Exchequer Bonds (OM
lOs.) were officially recorded at to j pm. Exche-
quer Bills are from Is. to 2s. pm. The remittance
of gold to Paris is now trifling, but to the south
east of Europe it is greatly increasing, of course
for the use of the army and fleet.
By a singular coincidence, on the very day a tele-
graphic despatch from Paris announced that the
Bank of France had reduced the rate of discount
from 5 to 4 per cent., on the London Exchange it
became known that the Bank of England had raised
its rate from sto 54 per cent. Many causes may be
assigned for this, and it is pretty clear from the
operations of certain influential companies that a
foreknowledge of the intention existed ; but, should
this rise continue, the usury laws ought to he com-
pletely repealed, otherwise it is not easy to see how
a landowner can raise money on his estate. If
lenders can obtain 54 per cent. on first-class personal
security they are not likely to lock up at 5 per cent.
on mortgage of real property. The funds opened
with animation, and Consols were dono at 884 for
money, but they closed at 874 for money and ac-
count.
This evening they have been from 871 to 88, both
for money and account.

SHARES.

The English railways have been dull, without
disposition to sell. French shares are from
10s. higher.
FOREIGN FUNDS.
Russian Bonds are high ; but in foreign stocks
transactions are almost nominal. A small /
trian loan of about 3,000,0001. has been brought
at 5 per cent. with some success at Amsterdam.

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