The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-25

very limited circle the imitation attracts no attention
The accumulation Of railroad stocks in the hands OF
spectators, and the absence Of any important
short interest, are features not at all favorable
for permanent rise, and even for the
maintenance ofpresent prices. At the second board
the market was all of, and lower prices ruled up to
the close Illinois Central bonds declined ! per
cent; Cumberland Coal. 4; Pacific Steamship Com
pany, 4; New York Central Railroad, Z; La Crosse
and Milwaukee, i; Erie Railroad, q; Reading, Ia;
Gaiena and Chicago, 4; Cleveland and Toledo, /.
There were sales of New York Central at rs, seller
sixty days, and 76a seller thirty days. The market
closed heavy, with strong downward tendency.
There were reports in the street this afternoon that
the Arabia would take out large amount of specie
some say million of dollars. Whatever remit
tances are made now viii he in gold There is no
confidence in bills of exchange of any kind and no
one will remit bills. The losses already incurred by
the failure OF houses in London, Liverpool
and Glasgow will make parties here desi-
rous OF renting, shy of bills for long time to
come, and all the money that goes forward for any
purpose will be in the shape of gold. The sum due
the creditors of the old North American Trust and
Banking Company was paid over to-day, and the
whole or part will go out in the Arabia tomorrow
"wednesday in gold. The amount is 81 1870. 1876 80
and was, it reported. drawn out Of the Bank of
America by the Merchants Bank-Mr. Palmer, of the
latter, being the receiver of the Trust Company
Most of this amount il due to foreigners, and it will
be RENTED at the earliest moment possible. An.
other authority states that only 500 900 were with
drawn to goby the steamer.
The clearances at the Bank Clearing House this
morning were sl3 1852 l56 o. end the balances paid
sl,114,799 o.
The Metropolitan Bank throws out this mornhg
the notes of the Addison Bank, Steuben county, and
the Elmira Bank, of Elmira, both Of this State.
The Assistant Treasurer reports to-day as fol.
lows:-
Total receipts. s73,l2S AZ
Total payments "a $50 90
Total balance 1859 70
The public rumor, to which we yesterday gave
publicity in reference to the failure of Richard Irwin
& Co., was, we are glad to find, unfounded. Messrs.
Irwin have not had note protested or bill re-
turned. They have no reason to suppose that the
City Bank of Glasgow, of which they are agents
here, is under any serious embarrassment.
The Manchester Chamber of Commerce are op-
posed to any interference with the Bank act. They
think the rate Of discount low enough considering
that they have no stocks of cotton hand; and as
letters from there say, the crop grown in the
United States lays at our feet. We can fix the
prices we choose to pay, and you must accept them
or 90 without, "a we intend to make the South pay
for our losses at the North and advised that the
crop will be the largest ever gathered" We suppose
Gotten will keep and if transatlantic cousins
are in the sulks the cotton planters afford to
wait until they recover their equanimity and come
to their plantations and solicit little material to
keep their spindles in motion.
The annexed is a comparative statement of the ex-
ports exclusive of specie) from New York to foreign
ports, for the week, and since Jan. l -
1855. 1855. 1857.
Total for the week 81 372,700 2.07306O 23S sos
Previously reported. 81 ,s62,l74 7o4le27 GO 2s6
Siucc Jnnuary .Sbo 234 s74 - 48l Qs7 81 l5O lsA