The Sun.
London, England, 1847-11-13 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, QUART -c'T? 1 J THREE

The sales of Cotton at Liverpool yesterday were 4,000
to 5.000 bales, and the market was steady at previous
rates.—Shares were not quite so firm, and prices were
rather lower, with a limited business doing.
The Bank of England returns for last week show an
improved state of affairs at that great establishment, but
we could wish that the liabilities on account of nott s
in circulation had been larger, and that the amount of
securities had been augmented, because this would have
shown liberality towards the mercantile community.

We suspect, however, that notwithstanding its increased
reserves of notes and coin, the Bank will find its profits
diminishing ere long, unless the minimum rate of 8 per
cent. be reduced, for money is becoming easier out of
doors. The following are the main points in the re-

turn :

Notes issued now £22,426,530
Increase
Rest, now
Inciease 43,428
Public deposits now
Increase 295,281
Other deposits now
Decrease
Seven day and other bills now 921,673
Decrease 9,662
Government Securities now 10,598,607
Decrease
Other Securities now... 19,919,915
Decrease 4E9,982
Notes now ....
Increase . . 853,345
Bullion now 8,729,551
Increase
Active circulation now
436,305

Decrease..

A mercantile correspondent, who lives in the suburbs,
addresses us upon the inconsistency of our Post office
arrangements as follows :

" Will any person conceive it probable or possible that
letters can be transmitted through the Post office to
Exeter (170 miles), and an answer received, sooner than
to and from Holloway (three miles) ? But such is the
fact. A letter put in at nine o'clock in the morning in
any receiving house in the City, does not reach its desti-
nation, Holloway,' until three o'clock in the afternoon,
six hours. An answer put in before five o'clock at Hol-
loway will not find its way to the City until eight o'clock
the next morning, fifteen hours; and front the writing
the letter to reading the answer, nearly twenty four
hours elapse; whereas a letter to Exeter will travel the
distance in four and a half hours, and allowing three
hours for writing an answer, this will be received in
London in four and a half hours more, making alto-
gether twelve hours, just half the time it takes to write
and to obtain an answer from Holloway I Credat
Judaus 1 some may exclaim, but it is a little if not a
great fact."

" Nor is this a solitary instance. Many other places
in the vicinity of the metropolis are similarly situated."
The agents in town of the Bridport Bank have to-day
intimated that they can no longer pay for that establish-
ment.

A failure is reported at Amsterdam, and rumours are
afloat of stoppages here.
This is a very quiet day in the City, and we have not
heard of any failures, at least of consequence, is the pro
vincial departments.

We have advice& from South Australia to-day some
days later, in point of date, than those previouly obtained.
We have not heard of any information of importance by
this arrival.

Again have the Funds advanced this morning. Con-
sols have reached 85k, but have since receded to 841 for
the Account. The price for the 25th instant is now 85,
both for Money and Time. Exchequer-bills are at 2
premium, and Bank Stock at
The only bargain in the Foreign Market was in Rus-
sian at 1061 ; Spanish, Mexican, and the other Bonds
remain much the same as yesterday.
Railway Shares look a fraction better to-day.

ONE CLOSING
,RICES OF BRITISII FUNDS. O'CLOCK. PRICES
Bank Stock lBB% 1881/2
3 per Cent. Reduced Arms 8343/414 831/2
3 per Cent. Consols Annuities.... 84%851 8434 85 85
New 314 per Cent. Anus , . 851/2 84% 851/2 851/2
India Bonds, 1,0004: —
Ditto under 1,000 t... ....... 15 dis 15 dis
Consols for Account B5!/2 /4 8434 85 85
Exchequer Bills. 3d.
1,0001.
.50W
Small