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MONEY MARKET. THURSDAY Oct. 23-6 P.M. We have seldom seen Wall street in such a ferment first this Upon the opening of the and it for stocks of all kinds was exceedingly buoyant This board, was market quotations morning. advanced, continued the the time, when it was announced that house Jacob a shert Little & Co had suspended payments. The one excitement of immediately became very great, and The no shock to know what move to make next. effect seemed the moment was very great, and the Quotations upon fell stocks for of an unfavorable character. was one per cent. and the market closed heavy off about decline. Two other failures-stock brokers-were with the to day; but they were email, compared house of announced named. The operations of the the one above have, for some time past, Jacob they have been the immense; Little & Oo in stocks. largest during bear the recent operabeen street; and it was reported, had tors in for all the fancies, that the hundred thousand dollars in depression several the in prices been very differences. firm great made loppes of the house have recently stock on The Delaware & Hudson Canal Co stock; the only has fallen were largeholders of. This stock and the list, they per cent within the past twelve months, suffiabout depreciation forty on several thousand shares was Railroad that to weaken the strongest house. Erie and the stock cient has been steadily hammered by this firm enorhas been 80 great and so rapid that it required mous rise resources to meet the differences daily been arising sold All the leading stocks in the market have all adshort by this concern and as they have Little & vanced, largely the losses must have been great. Jacob have probably been the most consistent bear opera Co. the stock market during the past three years, de in tors in and it is stated that their contracts dollars to Wall stocks street; amount to nearly three millions of liver have carried on very extensive business in foreign and They domestic exchanges and were considered by many, but to the last moment, not only sound and solvent, It is up wealthiest private banking house in the city. the that every liability will be paid in full, except expected differences, which we have no doubt, will be without compromised, stock and the business of the house go on much interruption. senior member of this old and well known banking thirty The been an operator in Wall street about h use has during which time several severe financial revul. years, commercial revolutions, and stock panica have signs, experienced which have shaken to the ground been every other house of any magnitude in that near nearly Several years since, this concerne failing, vicinity from large losses on purchases of the nearly leading stocks It was stated at the time that million fancy of dollars was paid by this firm, in differences, sufficient even that large sum at that time was not but to break them down. Since, the transactions have been lots of different character Instead of holding and large the reof fancy a stocks, they have been large sellers, several sult has transpired It will be seen by this and other failures which have occurred this year, that specu- busiin stocks is the most uncertain, dangerous little lation capital can be embarked in. It matters ve flue. ness operations are for rise or fall. the market whether so frequently and so suddenly, that the shrewdest The tuates individuals are caught. and thing. have been the but the bulls have had pretty or bears. ers lately, most as a general experienced greatest heavy three loads suffer- of stocks to carry, during the past The previous rise was and as class, operaters an depreciated four months the fall, however, for the advance field greater to than made money The buils have now in themselves. have Not a bear dare show his head failures street The first effect of these will Wall be, without doubt, unfavorable, as far as short quotations for stocks are concerned. After a the demand for certain stocks is likely time, to be large, as new buyers will appear in the think, market, the to make good their contracts. Ultimately, we which have effect will be bad, as the suspension of houses to long been considered A number one, will be likely 80 create distrust and tend to destroy confidence. At the first board to-day, Canton Company advanced cent; Erie Railroad. % Norwich and Worcester, Ziuc Harlem, per 1/2; Reading Railroad, 1/6; New Jersey Company, M Hudson Railroad, 14; Long Island, 14 Edgeworth Company, X since last sale. All the leading railroad securities were active. After the board there was slight panic in the street and during the excite. ment prices fell off considerably. At the second board, the market still continued depressed There were ope rations in Erie Railread at quotations current in the morning; in Harlem at a decline of 1/4 per cent; Norwich and Worcester, Mi Reading Railroad, 1/6; Long Island The excitement will be BC mewhat subsided to-morrow, 1/4. when the effect of the events of day will be more clearly defined The receipts the office of the Assistant Treasurer of this port to-day, amounted to $75.397 15; payments, $47,474 74- balance, $3.268 86. The steamship Hermann, from Southampton, bring The later news from all parts of Europe. news four days' is neither interesting nor important, neither favorable nor un favorable. There had been no change in any of the markets. The amount received for tolls on all the New York State canals during the second week in October is $118 229 70; same period in 1850, $107,839 increase in 1851, $10.890 69 The aggregate amount received for tolls from the commencement of navigation to the 14th October inclusive, is $2,629 525 28; same period 1850 $2,895,940 13; increase in 1851. $233,685 25. The report of the Mechanics Bank of Augusta and its agencies, dated October 6. 1851, shows that on that day the loans and diser unts amounted to $405,330; exchange running to maturity, $677.139; circulation, $554.879; specie, $241,690; deposits, $160 815; capital, $500,000 reserved fund, $168.500. Of the notes discounted only $3,000 are considered doubtful. Bills and notes in suit $600. The New Haven and New London Railroad Company have called for the ninth instalment of tea dollars per share on the capital stock, payable on the first day of November Notwithstanding the grumbling and croaking of manu facturers in the Eastern States, we see new mills are going up in all sections. It has been pretty well settled that the tariff will remain as it -that there will be no alterations in the act of 1846, and that the manufactur ing interest must get along without any more protec. tion than they now have There is no doubt but that they will get along well enough; and when they become fully satisfied that no more aid from government will be extended, there will be better management and more economy in the enormous cotton manufacturing estab lishment in New England. The Atlantic Company and the Esec Company, of Lawrence, Masrachusetts, have largely extended their works The Atlantic Company have just started stew mill, driving fifteen thousand spindles; and the Ethex Company are about erecting new mill for the manufacture of de laines The Philadelphia Ludger. in speaking of the New Jersey Exploring and Mining Company says:- We see much in the New York papers of the New Jersey Exploring and Mining Com openy and hear the works of the company favorably spoken of by persons in this city. There been mining failures as well as in New it may be important to in this company to have the public frauds rested ing many Jersey informed some those mining that, into speaking it is neith er exploring nor a mining but paint making company, properly simply company, brown. and its white business being the manufacture of black, zine paints The mines of red oxide of zinc belonging