New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-12
Nrw.YonK. MONDAY. Nov. ll-P. NJ.

Scarcely have the business interests Of the
country recovered from the effects Of the Chicago fire Of
Oct 8, 1871, when are called upon again to
chronicle similar disaster, involving severe loss,
though less extensive in its general results We
refer Of course 70 the destructive fire at Boston
yesterday 1t was q fortunate circumstance that
this disaster occurred at a time when release
from active business pursuits for few hours gave OPP
porunity for reflection, and afforded time for determin-
Ing the proper course TO be pursued under the
circumstances Had this fearful confagration
taken place at time when business was In
active progress its immediate enects must
have been disastrous IN the extreme. As 1t Is though
the loss involved will doubtless reach upward Of $780,
O0OOOO business have had an opportunity Tor In
duing IN the sober second thought and for so shaping
their course as 10 avert further calamity IL is fortu-
nate Also that Boston is eminenty able to bear the
blow as compared with many Of her sister Cities NO
comparison can made Of the present fire and the one
in Chicago last year, for the normal condition OF the two
cities was entirely different. Chicago was notably
debtor city, owing the East for pretty much every
thing destroyed while Boston precisely the reverse
and has large balances owing her, and consequently
that city is much more able TO bear Its losses thah
would otherwise be the case. The calamity fals most
disastrously in a monetary point Of view upon the
insurance companies, many or which VIII dOuotIess
be compelled TO succumb Holders Of insurance
shares will suffer in an equal degree. Advantage
accrung from a cause which may be used to force a
panicky condition OF affairs. But the sober Sunday
thought Of our business men has given them nerve
and pluck TO Withstand any attempts to convert
disaster into movement Of benefit, and consequently
we have to-day TO record much less excited condition
OF the market than would have otherwise been expected
The Assistant Secretary the Treasury has been in the
cy throughout the day. ready act when occasion re-
oures II is 10 be regretted that the condition OF foreign
affairs gives occasion for such uneasness at the present
time.
Tho stock market was naturally feyersh and opened
weak and several points below the closing figures OF
saturday, as was reasonably to have been expected
This was due mainly TO the immense orders 10 SCH,
chiefly from outoltOwn holders Of stocks, who were leu
70 market their holdings the expectation th't
ro,ic vas imminent. consequently under
,heso flce offerings prices dropped severely, but
at their lowest ebb found ready buyers who felt certain
that there was nothing in the immediate outlook to war
rant suc weak state of the market Under their buy
ngs the market made quick improvement, but ruled
being Influenced by rumors that the fire
had gained new Roadway, and that the in-
surance companies were in state OF panic
Many other handgrenades composed OF equally explosive
material were thrown into camp at various times during
the day. but their combined cOmbustlbity failed to re-
tard the inward growth OF the market, which left oR
firm though FIRE uar The result OF the days business
was that stocks fell of per cent and recovered TO
per cent. very largebusness was done throughout
the entire list OF active stocks. The following table
shows the opening, highest lowest and closing prices OF
stocks.