The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-04-05
FOREIGN.


Tssrtssn Days Later fssm Eursps.
The following despatch came 70 hand last evening
The royal mail steamer Europa arrived here about two
O'Clock this afternoon She brings Liverpool dates to
the 23d. and London dates TO the cad ut
Hermann but there Is NO doubt she s Southampton ~
the 2oh ult, and may be expected IN New York every
hour.
The Chancellor Of the Exchequer has presented his
budget for the ensuing year. Although be had the pleas
ure Of announcing surplus OF nearly two and half
disposed of was it is said. anything but satisfactory to
Ministers, it is said. but on what authority Is NOT
Ii developing he Views SOY q ths government s on imam
cial matters the Chancellor proceeded as II Is said ne
was obliged to do. on two kinds Of estimates Income
and the fiscal year commence on
He estimated that the public income Of the financial
year. ending the 5h Of April. would amount to T52 1884,,
500. and the expenditures to ,533631 He calculated
the probable surplus to that day to be f2250.OO0 As
for the estimate for the year ending 5th April 1851 be
suits and anticipated falling of in The customs, ow-
ing chiefly to the reduction in duty upon sugar and part
" from the reduced importations Of other articles such
He estimated the receipts from customs including CON-
at G20000000 making The total probable income to be
952 for The financial year ending oth April. 1851
He estimated the expenditures at E50630.5s2; that
the amount was contingent upoa certain things named
He proposed take from the total 0O0 leaving con-
seqnently the probable expenditures about ESQ
Under these circumstances, there would be surplus
income beyond the expenditure in the year OF about
R500,O00 in round numbers.
He suggested various ways in which the surplus could
be disposed Of Among them he proposes to apply one
half OF i to the reduction OF taxation and the other
half to the reduction Of the national debt.
He pressed upon the house the policy Of retaining al
ways considerable surplus in the exchequer il would
enable the treasury to make advances when required
to meet contingencies without adding 10 the public debt
France.
All was quiet in France The elections passed of with
out trouble
The Hayre cotton market reported to be firm and the
prospect Of the trade good
The latest accounts from India are not encouraging
The Continent. M
There is no news Of importance from any part of the
continent. There was outbreak anywhere, and the
indications OF any grow less and less every day.
CoPFKE MARKET Coffee has been dull at London, with
downward tendency. The decline the various descrp
tons from the highest point ranges from six to fifteen shi
Corron MARKET descriptions Of cotton except fair
and good have declined one fahing pound The
mees quotations are for iaT nplands fair Mobile q,
had been 900 bales Of which spectators took 1900 and
exporters 10000 bales The sales Tor the week. prior
the Europa's sailing, were 20, 900 bales
CoRN - The market steady and yellow has adj
vanced Cd. per quarter white the by the Naga
ra's accounts, but somewhat frmer.
FLoUR.-There IL change notice In the quotations
Of -four from those given a fortnight previous.
MoNxY MARKEr-The money market Is frmeI and the
bullion in the Bank of England has increased Consos
closed 95h for money and Amercah securities
are said to be frmer, but we have no quotations.
Business In the manufacturing districts lie not good.
The latest advices from India are less encouraging
BILE reports Of the auer market with much seadiuess in
prices.