The Missing City Of Glasgow, Steamer.- The New York Herald says - At last, after months of painful suspense, indications of the probable fate of the steamship City of Glasgow, and of the hundreds of unfortunate beings who embarked in her, have come to light. Captain M'Leary, of the barque Mary Morris from Glasgow, arrived here yesterday, and reports that on the 18th August, in lat. 53 � 26, lon. 16 � 07, weather very thick at the time, and a heavy sea on, he fell is with the hull of a large iron vessel, apparently Clyde-built, painted black, with a bright red bottom. There were three or four compartments in the hull, and all the wood work was entirely burnt out of her. Some of the men who were sent aloft to look into her, perceived she had machinery in her. On the next day Captain M'Leary fell in with and took on board a full length female figure head, about seven feet in height, with her hands extended, and a wreath upon her head, and green stripes in her dress. The figure can be seen on board the Mary Morris, at the foot of Pine-street. It was the impression of all on board the barque that the wreck was that of an iron propeller, supposed the City of Glasgow. From the circumstance that no other iron vessel has been reported lost, except the steamer Helen Sloman, some three years back, appearances favour the belief that the wreck was that of the City of Glasgow, and that the fate of the poor souls on board, though different from that hitherto supposed, was the most awful that can occur among the many disasters incidental to the ocean. Though the proofs are but small to identify the wreck as that of the City of Glasgow, the weather being too unfavourable to make a more thorough examination, still enough may have been seen to guide those to a decision who were acquainted with the unfortunate vessel. Our Philadelphia correspondent telegraphs that the City of Glasgow had no such figurehead as that picked up by the Mary Morris. We think he is mistaken. She had such an ornament when she left this port, but it may have been taken off. She had, however, a red bottom. The figure-head may have belonged to some other vessel.

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