New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-10-11
Tuesday, Oct. l0--P. ".
l04 O'CLOCK A. NJ.

There was nearly rs much fever and excite
ment al the Stock Exchange to-day at any time yes
terday. this gradually oubSided as business pro-
crossed and stocks took upward turn. which con
tnucd with slight Interruptions, through the day ls
reaction ponds with ideas OF yesterday and IL
party result then suggested OF oyersales ana
e1aggcration of troubles to result from tho Chicago
fire. In the afternoon, the rally In prices was quite
decided and the feeling was better throughout although
dealings were upon moderate scale, ana there seemed
Ia be slill great deal of hesitation and doubt There
| is much difference Of opinion in the street rs to
the effect Of the recent fire in Chicago, and
Of the financial complications 0f the time
but generally We note feeling OF great
ureasness and disposition TO wait for or To expect de-
vcopmrns OF an exciting and disturbing character
such the failure OF insurance rompanics-aud Of losses
among the merchants, &C. There have been two or
three stock fl during the day. among them Mc>srS
T. S. Munroe & Co., II. s. Camnoss and A. V. H. Van
dycke Upon the whole, stock brokers have stood
up well against the storm, and 1t Is evident that the
losses mainly have fallen upon the unfortunate ciques
which Juggling the same backload OF stocks they were
carrying six months since The Of the panic
10 be over and is probable that nearly all or the weak
parties Of the have been forced to unload We
may have, as now seems likely. further rally
IN prices; hut the future does not look
especially brilliant for operations on the hull side
1t had been hoped that the reported losses by the Chi
fire greatly exaggerated; but IL now appears
that the facts hardly loss OF
from one hundred hundred and fifty millions OF
property hours indeed startling enough for
OCCASION To what extent the Eastern and Atlantic In
surancc Companies have taken risks this property
mains to lie seen; hut it Is sad fact that many Will be
completely wiped out OF existence and many more &c.
verely crippled while not few OF those conservative i'll
stutons, whose mana cement has been safe basis
will come Of the ordeal unscathcd But the losses
aside from these sources, must be tremendous, as
Chicago was heavily indebted TO NewIork in the way
OF mortgages, and many OF banks Of discount
Overrun with Chicago grain paper. Until Chicago mer
chants and banks get their books from the it viii
be impossible to approximate an estimate OF these
and until then It's effect upon the future course Of
money only be estimated II Is unnecessary to state
that our banks in poor condition TO meet any i'm
pOrtant drain upon thcm and yet in the fu
ture much necessity for Western outflow 10 meet the
demands that must be made. In order to do this
they will he compelled trench upon their reserves and
In view OF the occasion not certain that they
would not be justified in the action. There is some
talk that the Treasury will buy an extra
amount Of bonds tomorrow in order to increase
the amount OF loanable fluids in the street,
the high sratcs demanded for Its to-day en-
couraging a further feversh disposition. OF
the widest kind OF excitement prevailed In the
Stock Board and stranger happening within its hOsp
table gates would have found 1t difficult to tell whether
he feast In the regions Of Orpheus the ZOOOg
Teal Gardens OF London no many and various the
sounds and faces that ouspread before him. They
were men, however despite the doubt. and meH who
came TO operate the misortunes Of their brethren
thousand miles away The fluctuations in the various
securities dealt In were OF unusually wide and fre
quent nature, and In o period OF minute
change OF to per cent would be reached stock
adv ancing in the ratio that its neghbor declined
The Western roads most severely pressed but the
whole list received shaking up which 1t will long
member. Tie record OF the day would be incomplete If
failed to call attention to the little game Of Occult
thimblegging practced by the great Erie Trumvrate
At the the Board Of Directors Of the Erie
Railway Company, Jay Gould. James Flax, r and F. A.
Lane rendered their rsignati0ns which were accepted
At the subsequent meeting OF the stockholders they
were elected by unanimous vote OF the stockholders
ea 0o00 81 the stock heng represened and voting
Al subsequent meeting Ut the Directors the old off
GERS were reelected for the ensuing yeaI-Jay Could
President James Fisk, jr.. Vice president; H. N OTIS
Secretary.
The investment securities made sOme quite material
CONCESSIONS and OF the stad stocks feeling OF
weakness developed that wss really unancountse
Chicago and Alton fAtns OF per cent, to u.s. Illinois
Centn advanced to ilo but tumbed back again ~ 1873.
Fort Wayne sold at ss C. C. c. and l.. as and Delaware
Lackawanna and Western At 1oo All the miscellaneous
shares we're heavy aud lower the express shares being
heavy In sympathy. though Adams reacted from 20 to
So The following table shows the highest and lowest
prices Of active shares made to-day:
Highest Lowest ngtNt LoSe't.