New-York tribune., 1871-11-17
THURSDAY, Nov. 16-P. n.

Since the Chicago Are our shrewd financlers
bave heen studyine with their usual the probable
effects Of the dire calamity upon the monetary anSS O
our country The utter destruction OF u6OOoOO OF ao
cumulaed labor in few hours was an unprecedented
event; and there were Indifferent as not 70 leel
aore interest in the result TO general business The
banker or merchant or Of business In this city VINO
did not temporarily at least feel the effect OF the dsS
ter in business must have been person whose Ouh
ness IA transacted upon q very limited SCALE III
Europe where almost everything may be SAID 10 DO
nished the people prone 10 Judge Of occurrences
elsewhere either by the ehect they would nave upon
themselves or by what they have read OK correspond
ing events In history, and the common conclusion was
that we wero greatly crippled, II not nearly ruined Oy
this great conhsgratiOn During our great keDelhon'N
will be remembered, there were few European states
men rho were quite abroad" In their CALCULATIONS
a. to the result There had not been In all history Sa
they such formidable rebellion queled by force, and
this one they were sure would prove exception
TO the rule EngshmenE were especially confident OF
tbs and not only q oOttOned" 70 the Rebels but
actually bought their worthless bonds. Ihey
had overlooked two important elements IN the
calculation there had not in any rebellion, at all similar
In extent and character been brought into requston
such an agent as q railroad telegraph, and 1t seems
not 10 have occurred TO their minds what extraordinary
facilities these modern improvements" furnished for
transporting troops and supplies ana keeping up con-
slant and instant communication with the most distant
portions Of army These changed all the possDh"
tea and left John Bull and all who reasoned as he did
In the yocatve so find the Chicago calamity though
dreadl n Its results to those Immediately Affected and
Justly calling for the warmest sympathy OF all mankind
vet passing away with scarcely ripple upon the man.
cial surface Stocks were depressed for time, for
while money-lcnders hesitating and operators
pausng speculative shares neglected and naturally
fell but required only few days for men TO recover
their Wits as plucy fighter from stagger-
ing but not necessarily fatal blow and the upward turn
in prices which set In almost Immediately after the
heavy decline and continued till quotations on the gen.
eral list reached about the figures which prevailed I'm
mediatey before the fire. In the investment securities
called at the Exchange especially those which are not
usually the subject OF speculative purchase. there vas
INT a very sliRht decline In prices, while In the new
railroad bonds not on tho Board list there was simply
n short pause in the demaVd. At least this,
as we are credby informed the with the per
cent land grants Of the st. Joseph and Denver City
Railroad which we may instance as leading security
among the new bonds and which may be taken fair
criterion Of all those ranking rs class In the de-
and for these and others Of like character we learn
from the agents In this city, there was temporary fall
ing of but orders coming In, and the sales are
quite equal to those reported prior 70 the fire. Ike
state things may be reported In the departments OF
trade our banks are growing stronger daily money is
easy gold iGfalng, Government bonds are well sus
tanned In the foreign markets as wen as at home and
dealers In produce well pleased with the outlook
as the most hopeful speculator in stocks.
The events on the Stock Exchange to-day have not
been Of special Importance and the various markets
have only ctdinariy active. There has heen some
little movement In few Of the railway shares but Of the
stock market to-day Pacific Mall and Western Union Tele
graph the speculative cards The general market has
been depressed, and quite severe decline was noted.
the bulls Offering very weak support. Pacific MAIL
after opening at ~, finally dropped and the price
tousbed I6l. There q meeting Of the new Board Of
Directors ut noon to-day. at which the Oace Of President
was gwen ito Mr.. Alden B. 6tockwen and that q
VIcecPrsaident 20 Mr. Francis ". @. Bellows. Tho
former 1t Is sad. win draw salary. In the matter Of
the validity of the election Of Ness Henry CleWs and
Ie Grand Lockwood directors the counsel OF the Com
pany believe their election to have been valid which
opinion was affirmed BY the board but 10 prevent any
dispute In the future the resgnAtions Of Messrs 0ews
and Lockwood were accepted, after which they were
made individual stockholders and then elected to gil
the vacancies caused BY their own resfgnatOns. The
price Of western Union Telegraph declined per cont
from eoa to 6i, Wabash ranged from Osb to Ss3 ARd
there was fair business In this stock Ohio and Mssis
spp and Rock IslAnd bat the remainder Of the st dd
not Ghow any GiRnB Of animation, eicgrg dH At the
boards IT wayne sod ct Osasst; B., a. and Erie, o r.
and b. Joseph Ss9csb o. c. Ca. and indianapolis ESQ
Michigan Central Ing Panama, %, and MsrpcsA Pre-
ierred. Il TAefOowing table showb the highest and
iovwa.k uTieaa N aA4lxa akoaka t0dhy.