Heavy Failure in New York.
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Prime, Ward s. Co. of New York have failed
The New York Correspondent Of the Washing
ton Union thus notices the fact:


C The stoppage this morning of one of cur great
est banking houses, Prime. Ward & Co., though
some time feared by those best acquainted with
Wall street, has produced a profound sensation in
this city. The house is as well known in Amerca
as that of Barings in England, and has held the
very highest position in the mercantile world. It's
drafts always commanded the best rates, and were
counted " as good as gold" Its engagements are
believed to be very large; but there is hope that
they will be promptly met. and that the present
suspension is merely temporary. Ii has been ren-
dered necessary by the recent embarrassment in
the English money market, and the failure OF sew.
eral English houses connected with P, w. & Co.'s
house here" II -a'' 49, ... i.. ''.@ 81 -