The Burlington weekly hawk-eye. [volume] (Burlington, Iowa) 1857-1858, 1857-09-09

49, sSf III - ~ 49, NIX
T. IT. dte ~ eFts Eosk - 49, - T. held
sssp!.s; - ladsa " ~ edysasaees !
J, sod ihvsata'fAs y hiEh rasss " sas ~ l
y , Isssrs. ]. N ~, III .ssk a.s .iass ,a.. Y
" ~ Nv ssr<k. 1855. 1885. 1857.
Y s.ss ss:si..dss. i:sss.sss sssssss ssiss
F:.;,.::, ;:;;.i ,l ri, y ~:
y a,as. J... 5aio7ss eIss $40 sss7S
ne exports q pEsdaes md gecs ios te Ssek snala
Anssss =, wess.. a. as4 q
Es..S. sisss sisss ~ ~, M 6isa.sso ~
The Stock market stll continues g exhibit III
most pitiable want OF con6dsnce. There an
more parties willing % sell than 10 buy, and The
buyers are those who have TO deliver on out
standing contracts. No property, however In
trinsically valuable, can sustain any market val.
e ue when buyers are scared Oh, and sellers arc
stimulated BY fear, sane Or ineane, 70 cell; and
such Z state Of things does not enable any one
tojudge correctly Of tho value Of = property for
. holding however much it does for selling. The
stock of the Illinois Central Railroad Co, has
/. been dpercssed to Sc per cent. The directors,
: instead Of borrowing money, Or issuing bonds
. It : heavy depreciation, have wisely adop'ed
the commons sense and obvious plan Of calling
! upon the proprietors OF the road-that Is the
} stock holders. who have only paid 80 per cent
on their 800 shares-so psy new installment
Of $40 par share, to enable the directors to
" On the work Of construction, and pay the
| floating debts. The directors in this case are
the greatest holders Of stock, having amongst
item no less than 80, 900 shares and will conse-
quently have to pay mp themselves $500, OOO.--
why they should be blamed for this proceeding
We arc q : loss 70 imagine, unless il be It the
instigation Of stock jobbera, who, come what
will, are never to be Satisfied, depreciation Of
value Is their constant aim. The mass Of stocks
| are heavy. Even bank stocks are 30, Is inter |
ested parties are darling the poisoned arrows |
Of the press against them.
There is great deal Of trickery resorted TO 1
/ % increase panic and depreciatc values. False /
reports are circulated, even In print, Of failures
and even names in the highest credit are spo-
ken Of IN order to induce run. In one in
stance It was successful. Messrs Atwood we're
reported to have failed early laat week, and this
being telegraphsd occasioned rsmistAnces % be
withheld, and even payment to be stopped OF
such 40 we're on the way BY mail, while drafts
tor balances in their hands were poured in.
This occurring at time when banks we're vio-
lently contracted, refusing loans, and calling in
al around, Messrs. Atwood + Co. could get no
advances on their securities, and were compelled
to suspend. They have made over to the Cont.
mental Bank all their assets and property Of
Others held by them, and all remittances re-
ceived BY them on Saturday last and subsequent.
~ ln this current week, names have been re-
ported Is failing, for which there was mot the
slightest ground in order TO keep alive the feel
ing OF distrust and panic. Those who should
nave known better contributed~to the circula-l
ton Of the reports .f s4s5 ii s.4
ACREs OF SwEErENIxG.
IL 10 said that six acres Of ground in Boston !
are covered with sugar and molassea. !. II is well
known that We have slots" il not score Of
acres Of il here also.
The stock Of sugar now held here by the i'm
porters is about ~, 600 tons, against about 5O-
900 tons last year, and 10000 tons in 1856
The decline since July LIST has been fully three !
cents per pound. and the tendency OF the mar
ket - still lower prices. The prospect for a !
crop Of 1000 hogsheads in Louisiana is good. ]
~ will begin to come TO market in October and
November. The crop OF last year was but TO- q
600 hogsheads. The prospect in all the other
producing countries il also vefy good for large
crops, hence it will be seen that the prospects
for more reasonable prices Of sugar are quite ia.
vorable.
FAILURES, ASSIGNMENT, &c.
i The following are the reported failures, as
signments &c, for the week
Crawford & Dantorth, Concord, N. II sus-
pended.
Jefferson Kcowles, Manchestep, N. H., failed n
benjamin Smith, Boston Mass, suspended.
Mechanics Banking association, New York =
city suspended.
Reebe 4 Co., "Bankers,n New York city sus !
pended.
Atwood & Co., Bankers New York city
suspended.
j. H. Prentice, stlIats," New York city, sus
pended; liabilities large, but surplus OF about
$780, 900, and will undoubtedly soon resume.
Adams s Buckingham, Flour" New York y
city, suspended; have large surplus and win "
probably soon resume.
williams, Stevens s Williams, New York city, III
failed. III
J. l. j. 0. Secor, Founders" New York ef
city, suspended; liabilities large-offer forty th
cents secured. m
John Thompson, aBroker," New York city.
before reported, has assigned to Platt Adams.
IKompson's Bank Note Reporter has been
published for five years past BY Mr. Plast Adj
inns, and its publication is continued without
Interruption. az
Goldsmith & Gutman, 'Cloths," New York ~
,ity, suspended; liabilities said about SlDe,0
Chambers 4 Heiser, New York city, failed and :
assigned.
Henry Antler, Clothing" New Yorh City, 7
allied. Is
Louis Wustsrman, .Furs,n New York city, Il
allied. &c
John Allen, New York city, failed. y
J. L. Wycof, Williamsburg, n r., failed. To-
John w. Bates, Broker" Troy, N. T., sus- lin
'ended. a a.
Reciprocity Bank, Buffalo, n. T., suspended ID
temporarily. att
HOLSTER Bank, Buffalo, N.Y., suspended Y
Swartz, Iron Worhs, Buffalo, II. Y, assigned. L
Vim. Flanagan, Buffalo; N. y, failed. HI
u John G. Crosby, Buffalo, N. y, assigned. 70 70
Drury Mcneil, Delphi, N. T., failed Ia
w. Is II. Dollmann, Salina, n. r.. failed.
w. l. Cuyler, Cuy!ersville, N. Y, suspended;
liabilities said to be about 100000. r
Stephen Childs New Hartford, N. Y, assign. j
Harvey Pierce, ---, Essex county, N. Y,
assigned.
Breeze, Kneeland 4 Co., locomotives" Jcr-
ey City, N. j., suspended.
Ralph Lee, Camden, N. J. failed.
Jacob Slime, ID. G." Philadelphia, Pa. failed.
Clark & Co, fremont, Pa, failed.
Natan 4 Lehman, Fancy Goods" Baltimore,
Id., failed.
S. Wallack, Baltimore, Nd, assigned.
Thurston 4 Ely, Louisville, assigned.
II. Harmon, Marion, Ohio, assigned.
Robert l. Moffatt, Cincinnati, Ohio, assigned.
Casper Bess, Dayton, Ohio, failed.
ST. 4 X. Langley, Galipolis, Ohio, reported
'ome time since as suspended and assigned,
rave obtained an extension from all their Gre
litors and resume business with good prospects.
success to them. e
VIM. Warj Easton, Chicago, ILL.,, suspended.
Adams & Herrick, New Bedford, Ill.,, failed
and assigned.
J. b. Smith, Urbana, H., "sold out"
James L. LycH, "Banker," Detroit, Mich,
suspended.
Burns Wheeler, Saginaw City, Michigan,
Tailed
Rothschilds & Bro, Muscatine, Iowa, failed.
w. A.Jenkins, Winterset, Iowa, sold out.