The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-21

From September 26 to November s the bank had
parted with e. ,77s3Os specie The decrease during
the week was s,24l. The amount of coin held Mt
last dates was fls5 0s9 less than held in the panic
week of October, 1847.
Among the failures we notice John Haly Co, of
London, in the New York and Canada trade, for
ESQ 900; X. Wilson. Haett h Co., Nayor, vickers
Co., whose resources are said to be large. Messrs.
Thornton Higgins, Ward & Co. have compromised
with their creditors for l5s. in the pound.
Several manufactures In England have ceased
working, o. are working short time. Great distress
has begun to prevail among the operatives.
With respect to the Bank Of France the Daily
Ne,cs Of the 9TH says:-
Paris adviccs alcge that the bullion in the Bank Of
France which lately fell TO CT 800 900 title below
eight millions sterling IN the last return was stated at
fp0. 900 The next return will be published next Fri
day morning Il stated that the railway companies
which are ia Of funds will he assisted By the Bank
Of and will be prevented from placing new bonds
Al Paris the Boursc retains remarkable stcadncss The
three per cent coscd 10 day al 66T0 for money
and 81 for the end Of November, showing decline since
yesterday Of scarcely per cent in tho price for money
Mcssrs. MAYOR. yickers & Co, of Liverpool, have
issued the following circular. dated Sheffield and
Liverpool Nov 4.
with the deepest regret We have TO inform you that the
utter dorganza,on Il commercial and financial affairs in
America, aud the mpossblty Of seeing the end q The
present CRISIS, make temporary suspension 81 payment
imperative upon NJ. We have instructed Messrs Har.
mood Banner SON uf liverpool TO prepare statement
Of Affairs, which viii prove our assets to consist IN 50
great proportion 81 metals and real property ana our
surplus "a be large, that the eventual payment tul
Of your claim beyond question and that a We require
j. time. This statement will b. ready 10 be laid before
meeting "A our creditors IN Tuesday the Path Instant
O'Clock al our Offices in sheffield at which We urgently
request your attendance.
Messrs T. J. Stewart 4 Co. cotton brokers, say in
their circular to 60 ont by the Adriatic:-
We have not issued circular ours Of sept Is, con
tanning the tabular figures Of thu crop closing the year
August 81 with an exhausted interior and total OF P3p
$40 bales the seapors thus falling below the general est
mates o. operators uy 900 bales and q our own near
ly 900 bales as cur will have perceived
The absence &C supply here and the temporary suspen
sion OF large number ct the c)ton mus IN tne Nor.n
states have narrowed trans actions for thc past two
months that have not thought advisable TO issue
circular until the crop was made, or active business re
sumod The position Of our spnncrs s daily improving,
and may shortly look for the resumption which has
commenced "a be extended on large scale A this
period the floating stock among them usually
averages 1900 10 100000 bales. II Is now *.
hSusted In Providence, X. T. and all of the North,
there Is not 5000 bales Of cotton In regard TO the
amount Of supply, We desire W express no decided
opinion until how Ear the weather may be ia
vorahle for picking Although killing frost has not becn
widely published, the last season, nasmuch
dealers never had smaller interest either IN Europe
or this country still, Is generally known that cotton
was arrested in its growth by a. tar
south Florida, early the 9th Orto-
Der on the est u IN middle Mississippi AMI the 18th
ult 10 Alabama and during the past fortnight repeated
severe fros,s have been recorded, covering the whole
cotton section The effect has been since seen in the
dropping of green hollis and tho destruction Of the top
crop The repeated white fross which have inter.
yened destroyed the top foliage and by that The meri
dian sun was enabled to reach and rapidly mature the
middle and bottom bos, which had previously turned
brown Cotton growing, sistncly expressed, ceased
ahout the middle Of October Since that date the plant
has only been benefited we have above named As a
class the growers css debt than any great interest
IN the country The deliveries have been free since Sep
ember L. EXCEPT Cor about fortnight Planters have
been satisfied with prices and a. fast their crops could
be picked they have sent more and not less than the
shares tc the eaports reservng their later pcSngs
vpt after March opens obvious that the Of tho
crop depends much upon the length 81 the picking
season That estimates n this period must allow margins