New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-27
WEDNESDAY,, Aug. 96-P. 4

"WEDNESDAY, Aug. 26-P. u.
The rally Of Yesterday afternoon was lost today,
ana the psric revived under the Of new
failure. among the members Of the Board. A large
amount Of cash stock was thrown on the marked,
much belonging to parties whose margins had bcea
used up by the recent fall in prices. The pro-
portion Of cash TO time sales vas beyond precedes
large OF 1900 shares .old ess than 9, 900 shares
were Oh time The bears continue to be mainly bay-
ers to fill their shorts and show but little dispositsa
TO tempt the market for lower prices. The market ID
measuraby sustained by orders from outsiders, which
are quite hume, Gus from parties who consderthas uaug
stocks ore unwanan,sbly depressed under the nha-
ence Of panic, ard who have the means 10 buy for
cash. At the Second Board the market sho we'd con-
siderable Improvement, prices advancing to- cent,
but ser the Board there more disposition to sci
stocks. And some descriptions fell back. Erie at the
close vas a2li; Reading, CO., COZ; Central, '3l;
Southern 2Oi, &c. Pittsburgh improved to 20, csos-
ipg at 10. TIE market as compared with yesterday.
shows decline of ! y cent in Reading. II in Enc,
p cent il Rock Island, q in Michigan Central II in
Michigan Southern cent in La Crosse, v cent in
Peprs,lvsnis Cosl, &c. Pittsburgh shows an advance
Of p cent; New-York Central, y cent; Milwaukee
and Missis.,ppi, cent, &c. The business In Rail
road Bonds and State Stocks is quite moderate and
prices are much depressed Missours cold at as Cali
fornas S. Indiana ~ 80, &c.
There IL but little doing in Exchange and rates are
heavy. Sterling, 9a9i y cent. Francs, IL dal6t.
FREIGHT. are shade frmer. To Liverpool, l5,o0e
bush Crain at 81. Be-. AID, in ships bags; l4o bales
Cotton at S. y bale; 40 bids Tobacco at l2s. 3D.; -
turs Maple Wooo at l5s y 10 cubic feet; 400 b6as
Rosn at 3D. To London, 100 tuns Oil Cake at l5s;
500 bbs. Co. ut ls Cd; 10 tuns Maple at l5s- 70
cubic feet.
The business Of the Sub Treasury was: Receipts,
1850 2li Al; Payments, $2si, lis 62; Balance, $l9-
3i2,9Sl i3.
The foreign news was Discussed in the street at a.
es,y hour and the advance reported in Cousus bad
favorable tau,pce. Some DOUBT was expressed, how
ever a. to the correctness Of the quotations. rs the
tenor Of the general was not such as wsstd
pduce a ire.
The auLouucem ept, at the morning session Of the
Roard that Jscob Little Co. would be unable TO fol-
fill tt cir contracts to-day, bad marked effect a.
hough the suspension was not entirely unexpected
Mr. Little has been loored this tine, understand, By
what II called in tie street the spread eagle" that
IT, he has bought sellers options and cold on buyers
options, making apparently large dherenceI boz
sellers options in such market this come in freely,
while buyers options do not 30 out. Consequently,
tho load OF stock be carried by the party standing
between, becomes too heavy to stand up Under. Ii y
thought that Messrs. Little & Co. will directly 90 oe
again. Three four other sUpensiors OF less impSr-
lance are also announced. In financial view. Aoas
of the above failures have any significance, and
should not be allowed to add TO the excsss-
ment at present existing They simply
indicate that there parties or their customers have been
unfortunate in betting on stocks. We cannot learn
that the present excited state Of money matters ex-
tends in any important degree to dry goods grocery,
importing or other regular branches OF busness-
The banks report no remarkable pressure for money
from their customers aud the recent advane 10 rs'es
Of paper il the result Of the unsettled state OF pxbhs
confidence rather than in any scarcity OF money or N
creased pressure Of paper on the market The Danks
are acting prudenty, and while contracting saAIpy
are extending 10 their dealers such facrnies az are
absolutely needed. They feel that consderaooc
for their dealers must be the rule OF action;
but, in conjunction with the position Deses-
ssry to be taken for their own safety, some wicked
and miscbievous parties busted themselves In circu-
ang rumors Of the suspension Of various city banks;
but they produced no effect We think the feeling o.
the street was more confident to-day, and, If few
days pass without further failures the present squsa
will pass over, and matters settle back into the odd
cERIreE. IL dDfoiutciJ nccoeoo~b - W
before stated to avoid creating panic oy predicons
of general disaster ahead and to look at the state a
things oooly and in the most favorable aspect, and
with determination to make the best Of it. Wo can
scarcely expect clear sky at occo; but We have
any elements Of prosperity IN the country at large.
beyond tire rpher. u Wan street. and with prudence
energy and gradual contraction by those who have
expanded their business beyond their e-as, the storm
will pass over
The withdrawal as borrowers of the OHIO Irlt
Company, and several important railroads recently
suspended. must have favorable effect uPeo the
Money market. They were constantly In neeo u
money at bigh rates Of interest. In regard " t"'
| Trust Company An examination Of fs siiaus so.s
on, and report viii probably be made soon o' ~
| position. Teleeraphic dispatches received 10y
rom Cincinnati state that the announoemcn' VI 'S
failure there created no excitement. Inc sseDcy ot
.Ss State Of Ohio remains temporarily at the sfice Of
the Trust Company here. The State Is not Implicated
| with the Company at ALL
Tho Esbilties of the Company otherwise vere a.
! .,,row. ,t their las. published return
- ri .......................... tl3sBK
ard BsDke.s NlN
NJ NJ i.dydu,l drpo.itors a. Cincinnati lJ,M
yeo ACKNOWLEDGEMENTS. 5.sa
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