The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-11
FINANCIAL AND CONNER GAL.



WEDNESDAY, Dec. 1o-6P.M.
Strong Efforts have been mac day create better
and an improved feeling the Stock Exchange The
news from Eorope considered favorable for the ex
permeDts, and continuous bids constantly made ON
tory and sixty dave' tme in order TO produce an
importation, and if possible, to generate little upward
movement change Of y per cent was effected on tho
stocks OF the New York Central andhe Ere but the re-
mainder Of the ,tock list exhibited ho condition Of
the market and the day closed with diminished anims.
ton. Those who have carefully examined the signs Of
the times for the pas few months have discovered that
the foreign has oducsd effect the speculative
impulses OF The country, Good and bad news has had
like reception amongst the stock jobbes. Stocks have
risen any how and der any and the de-
veopemens Of the last days prove that the ten
deDcy must be towards decline, sitter how consos
may be quoted what may be the condition Of the grain
cotton markets IN Europe The late large advance or
tu 10 per cent has been the result OF local causes
heavy bank expansion, and large short interest
have produced the advance. Combinations TO
corner have been the principal used.
clearly evidea. that the banks must again contract
their loapA s also evident that the business Of the
has been diminished fully by the failure
Of Messrs Little Co. Cornerng operations are there
fore out Of The question until some concern springs
up able snd willing incur the risk Of large sales and
extensive hypotbecatons. The downward tendency Of
prices ay therefore be considered the natural effect Of
the new order Of fittings, without regard to good or bad
news from the Old World.
The failure Of Mr. Little each day DEVELOPS some new
fact which throws fresh light upon Wall street stock job
bpg His large TRANSACTIONS Indispensable to the
cornerng Of many the railroad SO long he
continued 10 deal in Harlem, hudson River Norwich and
Worcester onington Cumberland and other articles Of
. lie Character they maintained high prices and could
be freely sold As he deserted them they have alen and
the nconhsbe evidences Of the soundness of his
opinions. They unsaleabe except ct very low rates.
We lock to Ike results from similar causes In other
thngr. Again. Mr.. Iite's operations and misplaced H.
beray supplied business one-hird OF the sock board
Now they will seek In vain for place to make time
bargain. Is also clearly apparent that houses reputed
strong and wealthy preferred to make time bargains with
Mr. Little rather than to boy for cash and hypothecate
with banks and ndviduAlsa going to show either the
absence Of capital amongst such houses unwilling
be in the position Of borrowers when they would
be compelled to meet such demands upon them IT one
days notice. The prevailing opinion is that tho Wall
street the capital the credit Sufficient
sustain amount Of loans necessary to conduct such
trade Mr. Lfle's facilities enabled them 10 command.
Another interesting truth made manifest by Mr.. Lttlcs
troubles is that his had been accurately
sured and that regular system had been Organized 10
plumber his Establishment to the full extent Of his
ultimately be placed n their mercy. The consplrators
were evidently fully posted the OF his bust,
and at the time enjoyed the command Of the
stock edgers Of the companies In tie stocks Of which
they were dealing Evidence enough exists OF their daily
bors and the nightly conferences prove the extent OF
their plans, their calculations and their ultimate designs
His pro npt suspension defeated their machnatons and
thus enabled him to place all upon equal foong-those
who had dealt with him 10 good faith and upo, Judgment
well - those who had encouraged him TO make largo
transactions for the purpose of spproprAng all he could
mansee pay Some Of these things are In the Of
examination, and shal take pleasure in showing them
up accompanied with all the evidences their enormay.
There were few selling at the Board this morning at
quotations. Milwaukee aud Mississippi Railroad fell
cd = per cent; Reading, y; Michigan Southern, "a;
Cleveland and Toledo, Y. New York Central advanced
X per cent; Erie, z In Crosse and M1wsukia Y;
Chicago and Rock Island, u; Illinois Central ri Gaena
and Chicago T. The sales, sellers option, were quito
large and II looks very much though holders Of stocks
sustaining prices until they bad made contracts tor
delivery the extent Of their supplies when they ~oud
lot the market fsn from is weight. hey
mansge /, do 80 The decline will ia upon parties who may
be induced TO purchase at current prices,
After the adjourn OF the Board the folio wing sales
Of iocks and bonds we're made auction by Adrian II.
Muller
$40 600 Milwaukee and Horizon RR. int added 10
80 shares Fremen's Insurance Co ............. 1s2
a. Bowery Insurance co..................... Isl
Albert n Nicolsy's regular semi weekly aunson she
Of stocks and bonds viii take place TO morrow, Thursday,
., half past IL O'Clock, at the Aerchsns' Exchange
AT the second board the market dull aud prices
sustained onlY two three instances Cnicaeo and
Rock ISLAND advanced per cent with the sale Of bat
small rot. Ia Crosse and Milwaukee advanced per
cent. now reported tia, the January dividend Of
this company viii be Eve per cent In cash. Ere closed
heavy Of el,t Michigan Southern 81 IS; Cleveland aud
Toledo Al 7sx Reading at ss,s upon come rnfsvcrble
reports from Philsdephis.
ne steamship Persia from this port for Liverpool to-
day. carried out sss2 s2e so In specie. The Arrsgo,
from this port for Southampton and Hsvre on Saturday
viii take out large amount Of specie.
II has been reported that the proposition OF Mesus.
Lille Co. 70 settle their stock contracts has been
ceped II no, So Mr.. Lille proposed 10 pay Ia full,
but the terms OF payment have not TRANSFERRED Mssrs
Wesley Kowssky, the proprissors Of the Tim<s are
the largest creditors and they do appear dspoSsd 70
settle Their claims amount 70 sbou, $3.50 COO and uuti
they agree the ne - other creditors
rangement DO made II appears tina. wesey
d KowAl.ky purchased s,ocks 70 . large amount OF
Messrs Little Co a low prices, account OF the New
York Central Raroad clique Of Spectators and others
but by some private operation between the two houses
wesley Kowahkv became responsible 70 their pr,nci
pals TO the full OF the differences in market valss
The responsibilities they assumed In this way maize their
Ices BY M. ues failure very large. The resun Of the
affair that the got correred hence follows
the Of Mr.. Little the whole GLASS Of bear opera
tors, In the columns Of the TINES.
The Assistant treasurer reports this week - follows -
Total Reorps. 1sal Payn'h. retal Baia1os
Monday .sisael6 90 s2ss, SOS ~ si1,s50,4os OF
Tuesday ....... 1s3 7B 81 lot,on os n,s4o, 225 SO
Wednesday. -. las, T2 81 2a, 2e5 80 1l,77t,ess IL
The warrants entered II the Treasury Department
Washington, The 9th and stb inst, ~ follows,
Texas debt warrants. "a
For the redemption OF stocks ..,......... 1883 %
For the Treasury Department lee las III
For the Interior Department. ............. 12tA 20
For customs 90 6s6 10
War warrants received and entered .......1 12 Tn "a
From miscellaneous ourcss.............. also 30
From lands Observation-Disclosures. s3si 10
From customs 2e.es4 80