The New York herald., 1872-11-12
How the Shoe and Leather Trade Of This
City is Affected by the Disaster.
AMONG THE INSURANCE COMPANIES
Most Of the New York Companies Solvent,
Though Somewhat SCOrched.
THE WOOL AND COTTON MARKETS FIRM.
A Blowing Up Board To Be Organized for
New York in Case Of Fire.

The excitement manifested on receipt OF the
news Of the Boston fire has In some sense died
away but the interest felt in whatever relates to
1t has not abated. Now however, the main sub
jects OF inquiry are such as pertain TO
the losses, the insurance and the effect OF
the disaster upon trade and monetary and
manufacturing interests. While here and there
man, as speculator will find fortune in the
wreck and ruin Of others, the more careful and
Industrious Will meet in any great change only dis
pster The loss Of material and OF the products Of
labor accumulated in the great storehouses that
have been consumed Dy the danes can bring profits
only to gamblers.
FEELING IN THE DRY GOODS TRADE
The general impression among the merchants in
the dry goods trade is that no estimate formed at
this moment OF the effects OF the Boston fire upon
their business can possibly be correct In the first
place. 1t is not yet known whether or not the books
OF the firms doing business in the burned district
have been saved. This is most important in judg-
ing OF the solvency OF any Of the firms that have
suffered from the fire. Then the extent to which
policies have been written by some OF the New
England companies covering risks in the quarter of
the city destroyed must be known. II. B. Claim Co.
estimate the amount due them by Boston houses
to be about two million dollars, being about the
same amount due A. I. Stewart Co. from the
same source. Mr. Claim thinks the large French
Importing houses, like that Of Messrs. Bernhard
Hutton, will be heavy losers. The price OF fan
nels was yesterday increased two and half cents
per yard, and the low grades Of cotton goods have
had prop0rtionate advance. The increase is at
the rate Of about seven per cent on the value OF
the goods. New York buys in the Boston market
goods produced at Lowell, Lawrence and the other
New England manufacturing centres. Boston
buys from New York imported goods and has the
balance OF trade In it's favor.
THE INSURANCE COMPANIES
II Is reported that the losses Of the New York
companies already reach a of over five millions
of dollars. The losses of foreign companies and
those OF other States are stated to be more than
seven millions OF dollars. The Humboldt OF this
city has suspended, and three more companies
are on the eve OF closing up their busi-
ness. Many more are calling upon
stockholders to pay assessments. Many
OF the Boston companies must 60 down. All the
companies propose to increase the rates, and many
OF them talk of refusing all risks on granite build
jngs with Mansard roofs.
MISCELLANEOUS MATTERS.
or the New York firms burned out Lee Tweedy
d Co., of Manchester, New York and Boston, lost
$4,000; covered by insurance.
1t was reported that the building No. s Summer
street, occupied by the American Watch Company,
OF Waltham had been destroyed with all It's con-
tents This turns out to be utterly incorrect,
though the building Is the only one left standing in
the block.
Some of the Boston merchants are now in this
city buying goods to replace their stocks destroyed.
Mr., Charles Well, Of the firm Of Well Brothers 4
Dryfus, late Of 90 Summer street, has been the
first TO express goods TO q new location.
The first subscription received at the HERALD
olce for the benefit OF the sufferers by the Boston
fire was one OF So, sent In last evening by william
Farmhouse, bill poster, OF Al Sands street, Brooklyn.