The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-09-23

w. 70 mess $l2 So Beef isd dull Prime mess, in tierces
VIZ w. oesf hams, $4 Lard is in demand at l0& l0A
cents IN ools' and III IL cents kegs Cheese steady
at - CENTS ohio and do butter, IOA IL cents.
American dewrotted hemp 1850 mos Prime western
hops a. Clover seed is in good demand n cents
$4,000 lbs for export at u n cash Tobacco is in fair
demand at 30 $7i for Virginia and Kentucky. Holders
firm For anuiactured there is also steady inquiry
Flax steady at cents.
The light shipments have depressed reighs which are
now very dull. Cotton Liverpool Id. square bales
Grain in bags 3d. per bushe Provisions SIS per Dbl Flour
Is 3D. The Washington takes cotton i'd per Ill.,
and provisions 60 cents per Dbl to Bremen.
The fancysock market has been much excited during
the week by the failure of large operator, Cames McCn
loch esq) dealer in lead, connected with many Others
among whom currently mentioned Mr.. Skddy and a
leading holder of Reading Railroad stock He has been
the principal holder of Harlem Railroad stock That Stock
composed of shares of which 900 on the mar
ke has for been held by SPECTATORS under the ex
pectaton that some portion of the railway speculatlons
that have infested Europe would affect this Market and
that Harlem would be taken up by the public In lSa3 the
stock was as low as per cent, and then bought up
by James Watt to very great extent and he was pro-
nounced crazy for doing The result however, that
his purchases raised it to 3d. and he adroy man.
aged to put it the brokers profit of $9000e As the
public did not show any disposition to take hold the
holders in sedeence, obliged to extend the road
and improve its value but has paid any dividend
and the holders have always been the look out saddle
upon other parties Mr. McCuloch and his friends twoud
appear went into it also, speculation, and their pur
chases and rose other holders put
to him. and he obliged buy enormously sustain
the prices and buy Obliged hypothecate the
ket showing sign fife This position fatal with
some shares carry and pledged for money at cal
with different parties, with bank in particular, the son
of the president Of which said be concerned in the
speculation needed but for party call in oan and
the stock forced upon the market would destroy a This
took place and the price fell from "a to 50-a loss Of
$500 600 the whole stockand many failures resulted
including Mr. McCuoch, whose bank accounts have beer
overdawn considerable amounts and 1t is supposed
that having been long insolvent he made dash at Har
lem himself. About the same time was an
nounced the discovery of extensive fogeres by anohe
stock broker Mr. Francis Baret-a gentleman formerly il
the navy but attey very dashins fancy stockbroker
He used the of Charles Burre, and of his brother
an eminent merchandise the of $4,000 0
which the Phoenix bank has So 500. He has abscond
ed. He always known avery desperate specuator
but enjoyed high credit with "he boys" His brother, it
understood had been taking the paper, with the view
keep it from the public.
The circumstances Of the fall in Harlem have made spec
uators caution. of Reading, which is similarly situated
All this you will observe, has connection with the
regular movements Of trade than do the vicsstdes of the
roulette table. Sound stocks have rather improved than
other wi and quotations stand follows: