The Sun.
London, England, 1855-03-15 00:00:00

MONEY RKET

~idi7
Af Ell° IA L INT ELLIG.EIV CE.

CITY, TWO o'CLOCK.
.Tbe cotton market at Liverpool yesterday was
BWltheut much alteration. The sales amounted to
bales (of which 1,000 were for export, and
I..)vvu on speculation) including 300 Pernam and
maranharn, at 50. to 6/d. ; 500 Egyptian, at
Sed- to 9id, ; 800 Surat, at 3d. to 4gd. ; and 80
a Islands at Is. to 2s. 6d. per lb. Railway
shares were active, and improved to per cent.
geuerally.
The Budget with which we are to be presented
after Easter is much spoken of, and the following
enaarks from the Balikers' Circular deserve atten-
tion

4.." We consider that the customary plan of leaving the
1.:411141 statement to be made by the Chancellor cif the
il'lchecliier, without any regard to time or its provisions,
t;gs°llld be preceded by a periodical report, detailing all
re financial movements of the Government during the
tir,_imis year, which should be publicly printed, bearing
° signature of the Finance Minister. In the same, or a
separate document might be given the financial changes
bleessary to preserve the public credit, or to meet the de-
4.cis of the State in the ensuing year. The advantages
`erived from such a course would be very great to the
...etlUrnercial community, who, under tne present system,
7.. s kept in a state of suspense as to what new schemes
dre to be proposed, or what changes are to be made. If
e country be compelled, at any time, to meet an extra
ilitusild upon its resources, it would be far better that it
041 d be known at once than concealed under the
ke
breq of Ministerial routine.
ra in .
Ire uee, this respect, sets us an example that
taight with advantage imitate, by the perio-
-4:1 Publication of a report on the state of her finances,
ty, sPendently of the budget periodically laid before
cae Government. Whereas we are kept in a state of
trance and suspense for months, not knowing what
4,,,1! schemes may be introduced through the financial
ou-`4:Kle of some new Chancellor ~f the Exchequer, who,
iiatbl7, may be completely ignorant of the 'duties
4d_ull devolve -upon him. It the plan we propose were
oPted at the commencement of every session, there
ibLuld be something tangible for the country to deal with,
'-'4l of that mysterious custom, which at present
thneeals the financial position of the Government from
}pen Public. There may be periods when Ministers
(' be allowed a certain degree of discretion in
tt exercise of their power ; but the finances
a country like this ought to be placed before
414i:cleat as early as possible in the year, in a
04 r and comprehensive form. Here would be at
411 materials for a debate, which would give
house an opportunity of preparicg for the
,„
"mssion on every point of importance, instead of hay-
htto listen to a speech of five hours duration, from the
tle
luau who presides over this department, unpre-
NI with any reply.
*4 is impossible to examine our system of finance
to„ out coming to the conclusion that the Minister who
vetrols
its operations is encumbered with duties that
I:agut to have no connection with his office. These re-
kyal...ku are applied to no particular individual; but to a
et 'l3l which kis gradually been introduced into the
41,5:11tive Government of this country, and by which
tllde and genius are sacrificed to political intrigue."
Iv English Funds have been extremely quiet,
-th" With a firmer ton mdse
under the impression that
pLiews of Russia, as a matter of policy, are really
ifere• The opening of the conferences at Vienna
I°Pens now a field for expectation, and we may
t many vague reports. The news that the
gt: '3f Sebastopol was in flames has attracted some
re, 'lion. Consols have been 93 to 931 for trans-
and 931 to for account, being now 93g.
India
Stock has been firm at 227. Exchequer
11/4. 'aPe been quoted Gs. to 95., and India Bonds
V:' 148. premium.
tolPoreign. Stock Market is rather livelier, in
4Qierice of the settlement of the half-monthly
and t• Mexican Bonds have been steady at 20,
kark. ‘3ruvian at 70. Sardinian Stock has been
36#stlasi, being firm. Spanish Threes have been
lielLand the Deferred 18i, which are barely pre-
lates, although the financial plans of M.
00. 1.484,1:1ave been preliminarily adopted by the
Net, by a large majority. Turkish Bonds have
6-,° 80 and 801. French Scrip has been at 51
„ eterulum. Dutch 24 per Cents. have been
The'
following are the nominal prices of foreign
:_.Grenada Deferred Bonds, 5 to 6 ; Mexi-
-24 to 20i ; Peruvian, 70 to 71 ; ditto Three
Ceuta., 50 to 51; Portuguese Four per Cents.,
to 44; was:Psi/au Five per Cents., 99 to 101 ;
Four-and-arHalf per Cents., 89 to 91 ;
_ New Deferred, 18k to 18,3 ; ditto Three
Cents., 364 to 37 ; ditto Certificates, 4i to 5 ;
Passive, 4 to 41-.
The last week's railway receipts ascertained up
Ns day are in round figures as under :

Western
1-Western
Western

- ...... ..
'Eastern
ioto

'Nall, n

00t17 av
14. •.5 by a
-"e'l t 0 80a
0 t 4
,At preruin
of, The
• itoe-401:olloN
"
tah"
t,' 24 to
opi cents.,
. to 44; ,
itto pour
b. Wish Ne
'bio• lit Cents.,
Passiv
Or The last
'l4
thig day
)0, II the
, at weste,
01 , Itti th-Weste
, .....
,d 4 e-ta.tex
V u°niati .
t at North
06 4044t,51aire a
ore 4-taste]
,0* Rai]
,041-:a.ble,
,sttilvrindin
ktge• PI
;4*eli) at
4:tiaik, p
rottii; I)teTiot
N4l4jug
Illisee 1
1.0
'417311
01
0
Of
040 44413t°ek
0,0 Okti:;011 dm
1,14 ,NoL)
,11 1(14
1001 kv:l7,2r A
wit 4 , itOlaer
ill itiout(T
00°. A 4,1144411
"'
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kink: rk,
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