, 1872-11-17
WALL STREET..


WALL STREET.
Review OF the HIcncF, Bond, Stock,
Gold, and Produce Markets, and
Business Generally.
New YORK, Nov. 18.-The general markets to-
day closed quiet, and 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
nom 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 nay from five million to eighteen million
pounds. Spectators here have bought up about
two million pounds this week, but the manufac-
turers hnve been inactive. Fleeces have ad-
Vanced 10@12 per cent nom!nally, but fabrics
are up only from 3@s. Prints have not been
affected. Chemicals show tendency to lower
rates, though dye stuffs are very firm. British
goods are generally q tride frmer. Carpets are
dull, the season being over. The boot
and shoe trade has not been materially affected
by the Boston fire, and, ae 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
tion rooms buyers have shown a little more dis
position to purchase, under q growing impress
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, and the fire had no effect
on groceries in this city. Among the tea deal
ers, the failure Of Messrs. Hill d. Co. has added
to the insecure feeling in prices, they cur
rently reported to be holders to the amount Of
IT, -u3:-
pound on black tea since the 18th Of
October seems to be likely to be fur
thor increased by the assignee's sale Of
Hill D. Co.'s hoardings. Boston is heavily load
ed with black teas Of all kinds, and the market
there is flat.
During the past week the money market at
London has become frmer, and the week closes
with per cent as the rate in open market there,
as against 8 per cent last Saturday. The for
eign exchanges have been firm for short sights
during dur The week. ~ Thich sda aao resulted in
but at the close tie market vas
lower, both for long sterling and sight bills.
Gold has fuctuated freely during the week be-
tween 1l4A and 1875. Cash gold was dearer
toward the close.
On the Stock Exchange speculation opened at
3 decline Of to 93S per cent on the Boston fire,
but soon after rallied from i to 81 per cent, and
later again reacted from to per cent, finally
closing with hrmer feeling and an upward ten
dency.
The bank statement was not 80 bad az 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 du1lness.
The bank statement presents an extraordinary
ssturs Np in hs god M sm ,nd The fg fSs tenders are
is . falling one, so that the bankf
hold less than they appear to. The specie, not
withstanding the shipment Of over 32,500, ,00(
gold coin during the week, is apparently $4,000
higher than last week, and this apparent gan
cannotbe accounted for, even admitting that the
average is q falling one, which is the fact.
The foreign commerce Of the port for the weel
was as follows: General merchandise, imports
including including ge1a; gel ;oo s5,?17,so7;; produce
was less active to-day. In the morning cal
loans ranged from per cent to 1-32, but in tht
afternoon declined to 3@4 per cent at the close.
Discounts are close, and IL per cent is the mini
mum rate for mercantile paper.
was quiet and firm. Foreign exchange heavy.
STOCKS.
The stock market Was dull to-day, but ad-
vanced }a to 2S per cent.
GOVERNMENT BONDS
closed firm at the highest prices OF the week.
The new issue OF Six millions OF Z per CEN
bonds by the Lake Shore Railroad are to bt
debentures, and will be redeemed at the rate o1
100000 year until retired. The Company
issued and sold similar bond in 1868
to make good q deficit in the Treasury occa
stoned by the bankruptcy Of the companyf
bankers, the price obtained being IS. The pro
ceeds Of the present issue will be devoted to en-
larging the road equipment, hastening the
laying of the double track of steel rails, and pro
curing additional real estate at Buffalo. Cleye
land Toledo and Chicago for elevators ant
depot room.
Flour opened firm. but quiet, owing to large
! arrivals. Good shipping is in fair demand
other grades dull; medium extras quite plenty
No. plenty and heavy. At the close the mar.
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 were
frmer but buyers held off, as freig ght-room is
scarce. The market closes quiet but 6rmer, the
demand being chiefly for spring. Winter in
moderate request and firm. Choice white winter
is held with much confidence. Pork WAS quiet
ina Wholesale way, and only moderate jobbine
inquiry. Cut meats generally dull on the spot
Sales Of shout 1,000 smoked hams at 1479c.
@15c. Bacon WIS in moderate demand, and
long clear quoted at SIC for November: Sales
500 boxes short clear for January, at 7Ic; sc
bo1es ahort rib on spot, 1T sNc Lard very