, 1872-11-18
WALL. STREET..


Review of the Money, Bond, Stock,
Gold, and Pro@tce Markets, and
Business t=cncr:A4iy.
New YORK, Nov. 16.-The general markets To-
day closed quiet md somewhat depressed The
Boston fire proves less destructive than at first
reported. One of the first results Of the Boston
disaster will be the immigration Of mechanics
from New York to rebuild the burnt district.
Orders for new iron fronts have already been
received here from Boston.
The estimates Of wool destroyed still range all
the way from five million to eighteen million
pounds. Spectators here have bought up about
two million pounds this week, but the manufac-
turers have been inactive. Fleeces have i'd
vanced 10@12 per cent nominally, but fabrics
are up only from 9@8. Prints have not been
affected. Chemicals show tendency to lower
rates, though dye stuffs are very firm British
goods are generally trihe frmer. Carpets are
| dull, the season being over. The boot
and shoe trade has not been materially affected
by the Boston fire, and, as yet, there has been
no general marking up of prices.
The business during the week with distant
sections has been chiefly on orders. The city
| trade have purchased moderately. In the auc-
ton rooms buyets have shown little more dis
| position to purchase, under q growing impres-
! sion that prices will advance. The metal and
! hardware trade has been generally quiet.
The crockery trade had quiet week. The
! grocery trade WAS also quiet. This interest did
| not suffer in Boston, ind the fire had no effect
on groceries In this city. Among the tea deal
to the insecure feeling in prices, as they cur
| rently reported to be holters to the amount OF
800, 600 lbs. The marked decline Of 10c per
pound on black tea ance the 18th Of
October to to b sa s to bs s fur
| Hill l. Co.'S hoardings. Bostonis heavily load
ed with black teas Of al kinds, aad the market
| there is fiat.
During the past week the MONEY market at
London has become irmer, and the week closes
with per cent as the rate in open ua,rkes there,
as against per cent last Saturday. The for
eign exchanges have been firm for shut sights
during the week, which resulted in
as sa ssz ss Z. Of eoss ssoe'o sSs ns2s sS2Sa ssn
| lower, both for long sterling and sight bills.
Gold has huctuated freely during the week be-
tween 11474 and 1885. Cash gold was desser
t toward the close.
decline Of to 9196 per cent on the Boston fire,
but soon after rallied from to 81 per cent, and
| later again reacted from to per cent, finally
closing with f1mer feeling and an upward ten
| dency.
The bank statement WAS not 30 bad as gener-
| ally expected, although made on declining aver
| ages, and this had the effect to strengthen the
| market at the close. Business on the Stock Ex-
change was active only early in the week, the
closing days being noted chiefly for dul!ness
feature in the gold item. The legal tenders are
is falling one, 80 that the banks
| hold less than they appear to. The specie. not
| withstanding the shipment Of over e, SOC, 900
gold coin during the week. is apparently $166, 900
higher than last week. and this apparent gain
| oannotbe accounted for, even admitting that the
! average is falling one, which ia the fact.
The foreign commerce Of the port for the week
was as follows: General merchandise, imports,
2s1ssss Rses7s ssa sSa specie sssess ssseRs
92,975, ,449.
| was less active to-day. In the morning cali
afternoon declined to 3@4 per cent at the close.
Discounts are close, and II per cent is the mini
mum rate for mercantile paper.
| GOLD
was quiet and firm. Foreign exchange heavy.
| STOCKS.
| The stock market was dull to-day, but ad-
vanced 15 to 2A per cent.
| GOVERNMENT BONDS
closed firm at the highest prices Of the week.
The new issue OF cir millions OF 7 per cent
bonds By the Lake Shore Railroad are to be
| debentures, and will be- redeemed at the rate OF
5000, 900 a year until retired. The Company
| issued and sold 3 similar bond in 1869,
to make good = deficit in the Treasury occa-
stoned by the bankruptcy OF the company s
bankers, the price obtained being 85. The pro-
ceeds Of the present Issue will be devoted to en-
lsrging the road equipment, fastening. the
laying Of the double track Of steel rails, and pro-
curing additional real estate at Buffalo, Cleve-
land Toledo and Chicago for elevators and
depot room.
Flour opened firm. but quiet owing to large
arrivals Good shipping is in fair demand /;
other grades dull medium extras quite plenty
ket was irregular; good shipping brands
firm and fairly active; low and me-
dium spring and winter wheat extras
easier. Holders Of wheat at the opening we're
frmer but buyers held of, as freight-room is
scarce. The market closes quiet but f1mer, the
demand being chiefly for spring. Winter in
moderate request and firm. Choice white winter
is held with much confidence. Pork Was quiet
in wholesale way, and only moderate jobbing
inquiry Cut meats generally dull on the spot.
Sales Of about 600 smoked hams ut l4}9c
{915c. Bacon Was in moderate demand, and
long clear quoted at SIC for November. sales
500 boxes short clear for January, at 734c; 30
:; boxes short nib on spot, At SIC. LaEd very
quiet.