New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-01
TUESDAY, July 81 p. NJ.

TUESDAY, July 81 p. NJ.
An immense business was done at the Stock Ex-
change this morning, and the market advanced Tor
MANY descrip,ions Great excitement prevailed during
the session increased very much by vague reports OF
the impending failure of Jacob Little q Co., winch
pe,s confirmed before the session closed by the an
nounc.ment of Mr. Little himself. The market was
acme what unsettled when this event became generally
known and for few hours the movement was toward
lower pces but in the afternoon with some irregular
v the tone gradually improved again, and later in the
dav brisk demand animated the street. At the close
of the day prices about up to the highest points
of the morning The registered transactions
of the First Board show one OF the largest business
DAVIS of the season. with unusually well distributed
activity both in bonds and shares. The failure OF Mr.
Little except in creating temporary dttaroauce Ill
the street has but little effect upon the market In either
way. for the rise fall, except that 1t VIII compe
some Of the operators to replace stock The engage
ments of this firm are said to be quite moderate. IL is
cn,ious fact that Mr.. Titles failure rather more
than year since was caused by operations upon the
bull side. while now the bear policy brings him down
Mr.. Little has hitherto paid up his differences III
full. and his fresh misfortune is much regretted
nv his brother members Of the Stock Exchange,
where notwithstanding his eccentric course d.
a ,peculator, he is personally very popular.
R,odi, was one of the most active stock. OF the day.
bpt after besvy sales fell off to 49, and was pressed
freely upon The market. The most decided advance
wss in Siicbigaa Southern Guaranteed, which opened
at - and went mp rapidly to A. at which it was in de-
mand nntil after the call Illinois Central, Galena, ana
Mcb;aap Central each fell back from TO l = cent,
pa,ty il was supposed, OF large sales OF cash STOCK
for account of Mr. Little. curious feature Of the Gay
was developed in the active demand for La Crosse
which advanced quickly to -, and was firm Of the
price during The day. The Railway Bond market Is
yery strong, and continues to improve in a genef@
wav. although in some instances, where the
advances have been rapid, there is moderate
reaction. The announcement OF interest pay mehs vi
the various first mortgage issues OF the Mchgah
Southern Road had good effect, and there was oe'
ts demand for all classes including the sinking iund
and second mortgage. 1t is proposed by the Company
we understand to fund the two overdue coupons Oh
the I'd NOR gage, and that maturing Nov in BONDS
the same issue the Company to commence payment.
the next Coupon in cash May l, 1861. This proposeo
will no doubt meet the approval Of the eonas"'"'ss
who will at once have line, paying security u
Crosse Land Grants advanced 10 2o4, ana were qu'
active II this road can be recognized upon Souh
ha,is and put under the management OF INC
8, whom people can have confidence, theie IS
GREAT bope for this mucbabused and grossly swhdiea
CONCERN. No plan has yet been presented "u'e"
orasped the real difficulties OF the Company o", WV
gentlemen who have been applied to give 'ne'' 'i'ei
oeuee TO lis extricaion 1t will soon appear 'nas wna'
ever real value the road hss can BE- usoe aSs'&o'e