The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1872-11-12
NEW YORK.
The Boston Fire. Decided Advance of
Wool and WOOsen Goods

| WOOl ana w OOaen NSOOn@.
NEW YORK Nov. 1.-THE great calamity at
| Boston was the topic of discussion to-day
| through financial and business circles. idany
conservative underwriters place the loss at $75,-
| uoo,OOO, and the insurance at $50,000,000; of
winch fifteen or twenty millions are borne by
British companies.
| A knowledge of the fact that the government
| was ready to throw all its power against the
panic caused by this immense loss has less effect
tnan many anticipated.
The values of merchandise have been adj
Vanced from to 20 per cent. Boston men are
already here making selections and accommo-
cations for tents to be erected on Boston COM
mon for the sale of goods.
The destruction of II 100000 pounds of WOOL
ana stock of 100000 suits of clothing and
almost the entire supply of woolens and cloth
ing Tor Eastern Canada and the Northwest, has
caused an advance here of Z cents per pound in
wool, while heavy domestic woolens have ad-
Vanced over 30 cents per yard. Blankets, fan
nels and shawls seek an advance of 10 per cent
Coffees are rather excited, the loss of two or
three large grinders and others in Boston
removing 21,000 bags from the market
Some % 900 half-chests of tea, largely Japans
and Oolongs, have been destroyed and meas
urably relieve the market here.
The conversation of Wall street turns upon
the action of the Treasury Department, whose
programme has not been decided upon 1t is
stated, however, that the greenbacks deposited
IN the banks by the Treasury early in October
VIZ 10 ailOWcu W Teludlu IOr the present,
Reports ofHnsurance Companies
The excitement in insurance companies here
Is intense The suspension of the Hembolt and
International companies is announced
:. The Spectator furnishes the following reliable
list of losses: American of New York, $50 goo;
Black River, $50, Goo; Brewers and Matters.
1900; Citizens of New York, $3.50, 600; City
CT New York, $3.50, 000 Clinton, $50,000; Co
lumbia, $4,000; Commercial 1000; Gebhart
w 900; German American, 500; Germana,
ss275,00O; Grn's Falls, $50, 600: Hanover. S275',
O0O International $500, O0O jefferson, $1,000
Lorillard $4,000; Market $50, 900; Manbat-
.an $35, 900; Mechanics and Traders. S25. O0O
New York Equitable, $751; 00 Pacific, Sl5,OOO
Belief, 800 oOO Standard, 1857 900; STAR $780,
City, 100000; Liverpool, London and Globe.
81, 639, 800; Washington, New York, $4,000;
Farragut, $4,000; Commerce. S62, 600: Fire,
mans, $122,OOO; Republic, 100000; Importers
and a Traders, vs., OOo West Chester. $4,000;
goo; Tradesman's. $240,O00; Traders, Chicago,
$4,000; Commerce, Albany $4,000; Alps'
1874 600; New York and Yonkerr $40, 900; Lam
cashire, 1000; Mechanics and Traders, $25,-
900; National, New York, $14O,OOO Amazon,
Marine, $4,000; Franklin of Philadelphia,
$500, 200; Girard $4,000; Globe, $15, 900; Etna,
Hartford, $4,000; Hartford, $25OOOO; Con-
necticut, $50, 200; Orient, 100000; National,
I1dltioAu, PI-o3VVo, sp4oU-
600.
All the Providence companies say they will
come out straight. The American and Mer-
camille of Boston will go on. The Boylston
must stop. The New Jersey companies lose
only trifing amount The Continental In
surance Company of New York, has assets
amounting to over 81, O00, 900, and if the entire
amount at risk within the district is total loss
half of its surplus will pay for it,
Treasury Aid.
1t is known that the U. S. Treasury will aid
the money market if necessary, by selling large
ly of gold and buying bonds.
The shipment of gold to Europe Wednesday
will amount to million dollars.
Arrest of ssGift'' Operators
New YORK, Nov. 1.-THE proprietor and
10 clerks of the Broadway gift store, where
tickets were being sold to a concert advertised
to take place in the academy of music were ar
rested to-day and taken to the station house.
where the clerks were dismissed. Several per-
sons who were present at the arrests were
robbed during the confusion.