New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-24
THURSDAY, Oct. 23-P. NJ.

The Stock market continued very buOyant
tho fret Board and all the Fancies with large sales
had an upward tendency. The sales OF Eric were
3ocO shares Harlem 1900 shares Reading, 32)O
shares &c, all closing at prices above those OF yes
terday Erie improved per cent. Canton, Reading,
Harlem and Norwich improved / Stonlngton II per
cent Hudson River J, New-Jersey 1910. per share
Long Island I, &c. Mohawk in consequence OF the
favorable condition Of its business is IN demand
for investment and sold at 93l advance OF per
cent Enc Incomes and Converioles improved, bnt
second Mortgages fell off, Governments are IN less
demand and easier. After the Board when the fail-
ure of Mr. Little was announced, there was consld-
cradle futiering in the market, operators being
undecided as 10 what would be It's effects upon
stocks but prices gradually fell of Erie settled to
slI and other descriptions in much less proportion
At the second Board however, there was reaction,
and the quotations improved nearly to the point
! from which they had declined, leaving of rather
! dull.
In Sterling there was q moderate busl-
ness doing, at 9.Gl0l for Sterling-.he latter for
leading bankers signatures. Francs are 5.l5a5.l3s
The supply Of bills is moderate.
Freights are held firmly, but are not very
active Engagements 800 bbls Flour at I'D, 10000
bushels Com AID, Cotton ID, Dead-weight lbs
Z Sd. To Glasgow, 10, 600 bush. Wheat Sd. To Lon.
DON 500 bbls Flour Is i'd. 500 bbls. Mdse 2s, 30
tuns Phosphate OF Lime on private terms, and 90 do
Quartz Rock l5s. To California there is moderate
Improvement at SOC .fp60c
I A very marked sensation was created in
the street this morning by the announcement OF the
failure of Messrs Jacob Little & Co. Mr.. Little has
been master-spirt in the Stock market for the last
fifteen years and has been in the street for the last
twenty-five years, and although the suspension of
his house had not been considered beyond probabil-
" for some time past, yet its announcement came
after all with the shock Of an unexpected event.
This failure however has particular signifc ance,
excepting indicating that In the game of chance
which is largely played at the Stock Board by
certain parties the Bear" interest has been worsted
The improved condition of financial affairs has given
the Bulls" more strength than the "hammering'
of the opposition party could neuralize, and the lat
1 ter have gone 10 the wall The influence of this
suspension on the business world generally, viii
be mi. Although formey largely engaged in the
Exchange and Brokerage business, presume
that of late years the operations of the hoIse
have been to very considerable degree con-
fined to dealing in Stocks What is the amount
Of the liabilities of Messrs. Little & Co., cannot at
present be asceranod but the various rumorS OF the
street make them short IN the aggregate, $1,000 TO
$1,000 shares Of the fancy stocks, mainly Enc. 1t
is understood that the House could have gone
for some time yet, but il WAS Judged ulcons TO stop
at once, and prevent further loss There is sus-
pension of payment IN the general business Of the
concern, and the Stock contracts TO be settled by
the prices of to-mOrrow's Board. Mr. Little believes
the assets will pay everything He has been firm
believer in an approaching crisis in the Commercial
world, unequaled In disastrous consequences since
1897 and acting under that belief, has suffered heay-
/ ly In fulfilling his contracts. He would however
probably have been able TO go through with these
losses, but for the fact that he has been for some
time past the chief susiainer Of Delaware and Hud
son, of which he is, by general rumor the owner Of
1000 shares most Of purchased at high prices
The amount of money locked up in this stock be-
yond what could be borrowed on it on constantly
declining market, must have materially assisted in
bringing about this failure II is a noticeable fac,
that all the stock operators who have undertaken 10
"bear' Erie have been ruined BY il and that bear
ing generally has resulted in the same manner there
beng we believe but one prominent d" bear" operator
len unbankrupted.
Mr.. Groesbeck, who has been operating
largely for Mr.. Lit,es account, also suspended pay
ment today on his stock contracts. Other failures
were rumored, but without foundation.
The Money market continues easy on
call at p cent. on best securities. The improve
ment IN paper also continues, and first class names
go at 7alO p cent. The Banks do not yet lend free.
! !y ousise Of their regular dealers
/ The Steamer OF Saturday has $3.50, 600
engaged in gold and viii probably take about the
same amount as the Asia.
/ OF the gold brought by the Illinois, two
millions have already reached the Mint
The amount received at the Sub-Treasurv
Was s7s,Ssl paid si1,49i balance sS.96s46O.
transfer DRAFT to New Orleans of $4,000 was nail
yesterday.
BY the Hermann We learn that Consols
/ closed at so.G97. The Monmouthshlre and Glsmor-
ssnsAse Banking Co. had suspended 1t Is believed,
however that their deposit accounts alone amount
10 about tiooooo and that there is reason 10 aopre
hsnd The means of the Shareholders generally are
not such as TO enable them to meet any sudden call
Almost the entire loan for the Oswese
Csnsl taken by Mr.. John Thompson, has been r..
sold la the shborhood of ~ - cent The raorl.
of the State certainly service Of rla,e 70 Nc,
Thompson fo< saving them about $4,000 on this
loan. BY an examination Of the bids. 1t appears tina,
but fer Mr.. IsompSon's tender. Sls5 600 of the
ssoo, eeo would have gone al about lO7.. vherea.
under his bid over ,cs. obtained. The lowest
previous sale of Skies had, We believe, been a, ll2
OF li2s.
The amount received for tolls on all the
New-Yorh State Canals GIring the % week il Oct.
is...... ACKNOWLEDGEMENTS. Sis, s29 20
Same pericd IN 1850 l0,.339 OF
Increase in isSl..- sl0,sgO 90
the aggregate amount received for tolls from the
commencement of navigation TO the l4th Oct, inclu-
sye $2,629 525 IS
Same perod in 1850 - - 2,39Sqt0 i3
increase In lS5l-.-.-......- $af5oco -
The Grocers' Bank, Chas. Denison, Esq.
President, will commence business on the 9th inst.
81 The corner Of Barclay st sad College-place.