New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-26
TUESDAY, Aug. 25-r. n.

lUEsDAr, aug ~t-r' NJ
The efec. Of the failures Of yesterday and to day
was vesy marked upon the Stock market this morning
and the panic Of yesterday afternoon was Continued.
The Gales were 10. very large but nearly al for casa.
The decline under such large amounts OF stock was
very rapid h Pittsburgh 2 cen, since yesterday
afternoon; Beading, Al y cent; Central, cent
Erie, q y cent; Toledo, 3 y cent milwaukee and
Mississippi, 5 y cent La Crosse, cent. &c.
Between the Boards there was but little done, bu,
better feeling existed the Second Board there was
6 rally of to 2 y cent as was natural. The market
was dull after the Second Board and prices about
y cent lower. Erie cold at 22!, and Reading
a; cot, &c. For Ohio Trust, 30 wa, bid
and 20 asked. A considerable amount Of purchases
were made by the bears who evince disposition to
press the market further So large fall places them
in nearly as bad predicament the bulls, as their
stocks may no. go out. This has been..the case to
some extent to-day, in cases which not publicly
announced. 1t has been found necessary to grant
some indulgence. 1t is very certainly now the true
policy of the besrs, well as of every one ese. TO
assist in checking the progress of the present crisis,
and in restoring, as much possible public confidence
in the general soundness Of the country. Without
this confidence, and without the extension of
prudent degree of aid to the parties
who are or may be in embarrassment, panic msy be
established, from which no branch OF business or de-
par.ment of industry shall be exempt. Il is abso-
lutey necessary that men and institutions which have
means and influence should exert themselves in calm
ing the public mird The country at large is rich and
prosperous the crop of Breadstus s the largest ever
known while our Cotton crop will sell at very high
prices and with cheap bread and dear cotton there
should be no reason to fear any serious commercial
disaster in this country, provided economy and re-
trenchment pracced, and our overgrown importa'
tions Of foreign merchandise thus reduced.
Freights are without material charge. To Liver
pool, engagements were made fer 5000 bush Grain at
3d. in ships bags 600 do. at 2. a2ld in bulk 100
bales Cotton at 81. y BALE 50 tuns Oil Cake on pri'
vate terms $50 bags Quercitron Bark and 600 bbs.
Rosin on private terms. To Lor don 400 bbs. Rosin
at L. 3D. lOO tuns Oil Cake at l5s. bark from Tai
lanagoshe to Bristol Channel with Deal a. 9Os.
brig from Baltimore to Marseles with Tobacco at 25s
A chip from ST. Stevens TO Liverpool with Deal at
Co., A bark to Cadiz with Pipe Slaves on private
terms.
The business of the Sub Treasury was: Receipts,
$o66g30 rs; Payments, 1886 or Balance, $l2,-
237, 1856 81.
The demand for money was very active to-day, and
in consequence of the events Of the past few days
much caution was evinced in making loans. The &C
tvity was increased by the calling in of loans upon
which the securities were doubtful. The banks dis
counted very spariDgly, being disposed to strengthen
themselves by contraction which they should have
made some time eiuce. In the discount-houses the
rates of paper are y cent higher, with little dspo-
son TO operate. The uncurrent money brokers have
no, been unusually active, but the rates are generally
advanced to / 2 cent New-England, and l =
cent on State currency. The notes of the Rhode
Island Central Tverton and Farmers Bank of Wick
ford were thrown out. Some other interior banks
were discredited in quarters 1t lie most proba-
BILE that come if not ALL of the above banks, will be
taken care of in few days by the propretors.
The suspension Of the Ohio Trust Company yester-
day produced an uneasy feeling to-day, and calling
in Of loans, which produced the suspension of Mr..
JohI Thompson the well known banker of Vail street.
He found it impossible to meet the large demands
ade simultaneously upon him. This suspension is
much to be regretted and will cause considerable in
convenience at The West. Mr. Thompson has been
for years the largest purchaser of uncurrent bank
notes. and has acted largely agent for interior banks.
He is confident that be can meet all his liabilities in
reasonable time if not forced into assignment. the
other failures of the day Messrs De Ladnay Isen
& Clark and Messrs. +. s. Munroe & Co., members
of the Stock Board. who have been carried down by
the large decline in stocks purchased for parties VINO
are unable to respond to their losses. An absurd
rumor prevailed also in regard to house of the first
standing, than which stronger probably does not
exist in the street. It has Obligations out and has
call loans due from nearly every respectable stock
house in the street.
Adrian H. Muller holds his weekly sale of stocks
ard bonds at the Merchants Exchange at Ia o'clock
tomorrow.
The steamer at Boston will take $500 600 in gold
from here There has been but little disposition to
buy Exchange to-day, ard the rates are weak Some
bills were thrown on the market at low rates. The
best bankers sterling could be bought at 81 cent
Messrs. Carpenter & Vermiyea, No. A Wall street,
will pay on the LIST September, the interest coupons on
the bonds Of the Saratoga and Whitehall Road issued
for the Rutland Extension.
The attachments TO which we alluded yesterday as
having been laid on the Ohio Trust Company are as
follows
American Exchange so9
peesI De- .................. 35s75 20
Corn Exchange 10 s ~, W
49,, ACKNOWLEDGEMENTS. 5000 20
James k.Dg W.on and Charlie. B. WILSON,. 2a5i "a
Felix Ins9i9y n Danis md Addison B. Smith SIS 50
u S,sbbns aud John Boodsood jr..... 5000 %
EDWARD Prime, Nathaniel Prime and Ed"afd n co, N
PIT rrin Rtbcr: .................. 10000 90
Chstle, Abernetby Henry Collins James saAhVan
arc nn,i.,opn and others............ 70, l66 81
AeIana.r S., ...,.......... $1,000 90
ro,., $40 81
e.. lasr 1a.,,a ,Au