The New York herald., 1872-11-11
,MAiNCIAL IND COMMERCIAL.
The Boston Fire and the FL
nancial Effect.
Beings at the Fifth Avenue Hotel
Last Night.
LATEST PRICES OF STOCKS.
A Further Advance in the
~ Gold Market.
RUMORS OF GOVERNMENT HELP.
The Bank Statement of
Saturday.
THE SURPLUS RESERVE S4,oooooo.

THE SURPLUS RESERVE $4,Ooo,O0O.
SUNDAY, Nov 1O-1oP.M
The events OF the past week in Wall street VIII
have but little interest for the ordinary reader OF
the money article In view OF the prominence sud
denly given to what will be the immediate future
OF the markets i'll the emergency which has arisen
with the
GREAT FIRE IN BOSTON.
Naturally the mind runs back to make compar-
is0n with the situation year ago. when the great
fire ct Chicago gave us q prototype of the
present extraordinary situation. Indeed the repe-
tltlon OF history has seldom been so closely
Illustrated. 1t was q Saturday night when the Chi
cAgo cOnnagration commenced but It was not un-
I'll Monday, midway OF the hours devoted to busi-
ness, that the immense destruction or property
began to operate upon the markets. On tho pres
ent occasion the moneyed community have the ad-
vantage OF an interval or day and night to think
over the situation end come to conclusions SO
that we may expect
oALMER MOOD
In the street on the opening of business As usual
when circumstances happen on Sunday which
are likely to affect the money and stock markets,
there was large gathering of brokers
ana stock dealers ct the Fifth Avenue Hotel
this evening; but considering the excitement
there was comparatively little done In the way of
speculation. Early in the evening the disposition
to sell was quite strong and stocks were offered at
concession OF 8 a 10 per cent below Saturday
nights closing quotations, but when it was asccr-
tanned that
GOVERNMENT HELP
would be given the money market there was a
smart rally in prices and a general Withdrawal OF
stocks, the holders preferrlng TO wait until to-
morrow and abide the chance OF better market
ia nff fhn Troo Trd.r
Richardson, who happened to be in town, was
visited by number OF leading bankers and solicited
to use his influence with Mr.. Boutwell, to procure o
disbursement OF government money in the morn
ing, to prevent panic. 1t was also said that Mr.
A. T. Stewart had gone to Washington to see Pres
dent Grant and Secretary Boutwell, personally to
induce them to
RELIEVE THE MONEY MARKET
and rumor went On to say that these applications
had been SO far successful as to obtain promise
from Mr.. Boutwell, that he would be at the Sub
Treasury In Wall street in the morning prepared to
buy fve to ten millions OF bonds as measure OF
defence against panic. The reinsurance occa-
stoned by these rumors was quite marked, and
many OF the least hopeful Of the excited tnrong
began to disbelieve their own apprehensions
LATEST QUOTATIONS.
During the course OF the afternoon and evening
the business In stocks was as foll0ws:-
Four hundred shares OF Pacific Mail sold at so
against COX Saturday. but at the close Sc was
bid.
western Union declined to TAX, but closed at IS
bid.
Lake Shore sold at 80, which was bid for more.
wabash was quoted at 6s bid, with no Offering
price.
No quotation was made for Rock Island.
Northwestern declined to II, same day to 75, and
closed 7s bid.
New York Central sold at 92,s and closed
osk bid.
Union Pacific sold at s2>I and ohios at As.
THE GOLD MARKET
was strong under rumors that the Bank Of England
rate would be raised to per cent In the morning,
and sales were reported at 114,s. At nine O'Clock
gold was offered at 1141.
THE FOREIGN MARKETS
have been active and excited the past week. the
comm0tion commencing in Germany with an
onslaught upon some OF the less favored American
railroad bonds and extending to London, where
the dread Of drain OF specie from England to
Germany in payment Of the French indemnity led
to sudden raising, on Saturday, OF the bank rate
to seven per cent while the street rate for money
the same day was quoted at per cent. The
suspension OF the London agency Of the Paris firm
OF Bowles Brothers b Co., banking house
of American origin, was announced by cable at the
close Of the week.
THE GOLD MARKET
was directly affected by the foreign news just
summarized, and the price advanced from lllA
on Monday to 113x on Saturday, the
small advance being due to the absence
OF Q "shortn interest which had been
generally closed out by squeeze" in cash gold
on Monday and was not renewed. The clique
were, In fact, 60 heavily saddled with gold that
<hovu ad IN fhp FIJI m Yet nric
for money to have their balances carried over
saturday.
THE MONEY MARKET.
The money market was easier, taking its course
during the week. the business in call loans on Mon
day having been at per cent currency TO 7per
cent gold, and the last rate saturday per cent,
with an intermediate nuctuation to as low as per
cent. The supply OF commercial paper Is still
pressing, and rates range from to IL per cent for
prime names, with very little doing under 10 per
cent except at bank Very naturally the advance
Of the Bank OF England rate OF discount caused an
ADVANCE IN FOREIGN EXCHANGE,
and sight bills are now above the specie shipping
point. The sixty day rate continues little below
that standard. The following were the closing
rates:-Sterling, sixty days. commercial los lOs1s
do do, good to prime bankers. 10sS 10s7s; do,
short sight, 1loh I1o1l; Paris sixty days, 53o.
5.2Sx; do, short sight, 5.25 5.23L; Prussian
thalers, tx . ny; Antwerp, $50 5.25 Switzcr-
land, $50 q 62sx; Hamburg, 35,l q 35sl; Amster.
dam, 3oH 40h; Frankfort, 40ss q Al; Bremen. 94s.
q 95k.
GOVERNMENT BONDS.
The advance In gold strengthened the prices Of
government bonds; but the market was dull and
quiet. The currency skies were higher, regard
less OF the gold quotation, with an advance
to 1i4's. The following were the fnai quota
tions:-United States currency skies, 114ls 14la
do. do, 1881, registered, 1l5 115s; do. do, cou-
pon 11o5s III; do. nve-twenties, registered, May
and November. 112,. 1l2la; do. do, 1862, coupon,
do 1925 l12k; do. do, 1864 do. do 1925 l1eis
do. do. 1855, do. do, 1925 1928; do. do 1867 re-
gistered, January and July, 115 115h; do. do,