OCR Text |
Show NI&HT REPORT. KESERAL.' TUe Boston Ftre. New York, 11. It is stated that the only insurance companies here suspended suspend-ed "are the International, Kelief, Corn Exchange and HumboIdL The following additional companies announce losses: Alps 34,000, Home, C'olumbiu, Ohio, 3i.uu0, Gebhardt 1M, National, Hartford, 4T0,l.O, Standard Stand-ard SOJ.OlO, United States 5,0lO, Market Oti.dX), Mechanics' and Traders' 25,000, Pacific Jo.uuO, Peoples 5,000, Keliif 50,-000, 50,-000, F.oyal, Liverpool and London, 260,-fj-O, German American hits riks of 162,-000. 162,-000. Hippo and Belief Fond. Cincinnati, 1L The horse disease is spreading here with the rapidity which marked its course elsewhere. JAule are affected . The Chamber of Commerce has passed resolutions asking the common council to adopt the necessary meaiurea for the relief of Boston- The Fir. St. Louis, H. At a meeting of citizens citi-zens at the Chamber of Commerce today, to-day, reselutions of sympathy with Boston Bos-ton were passed, and material assistance proffered if necessary. jS'ew York, 11. The great Are calamity calam-ity at Boston is the main topic of discussion dis-cussion to-day in financial circles. Many under writers; place thelossatsoventy fife millions and insurance at 50,000,000, of which fifteen or twenty millions are borne by British companies in which, since the Chicago fire, many American companies have reinsured. The knowledge know-ledge of the fact that government is ready to throw all its power against a Kanic caused by this enormous lou has jss effect than many anticipated. The values of merchandize bavs been advanced ad-vanced seven to twenty per ceoL Boston Bos-ton men already here making solicitations solicita-tions and accommodations for tents to be erected en Boston commoa for the sale of goods. The condition of Boston Insurance Companies is involved in much doubt, though those familiar with thoir conservation policy believe that not all will succumb. The destruction of 11,000,000 pounds of wool, a stock of 6,000,000 suits of clothing, and almost the entire supply of woolen clothing for Eastern Canada and the north-west has caused an advance here of seven cents per pound in wools, while heavy domestic do-mestic woolens have advanced over 30 cents per yard. Blankets, flannels, and shawls advanced ten per cent. Coffees are rather excited, the loss of two or three large grinders, and others, in Boston removing 21,000 bags from market. Some 25,000 half chests of tea, largely Japanese and Oolongs, were destroyed. Measureably tbe relief of the market here, and the condition of Wall street, turns upon the action of the treasury department whose programme is not yet decided upon. It is stated, however, that the greenbacks deposited with the banks by the treasury erly in October will ba allowed to remain for the present. Tho money market is stringent and advancing from Boven per cent, per annum to a quarter per i i cent, per day, with closing business at eight per cent. Sterling is dull and weak, for prime GO day biilB and 10) fr liphL Fears are entertained of a liberal supply of insurance bills on London. Lon-don. The effect on tho stock exchange was very marked at the oponing when prices were two to eight per cent, below Saturday's prices, followed by a further decline to 1 fi a per cent, before first call. The market subsequently rallied to 1 to 5 per cent., but reached an average aver-age at one per cent, again and closed heavy. A crowded meeting of merchants, bankers, and others was held at the Chamber ol Commerce this afternoon. It adopted resolutions of sympathy to tho merchants of Boston and all eutierers by tho fire, proferring such co-operation in measures of reiiet as tho circumstances circumstan-ces of the case and tho urgencies of tho tinio demand, and appointing a committee commit-tee to consider what measures, if any, it behooves the community to adopt, in order to alleviate primary disabilities likely to result from tho sudden destruction destruc-tion of the property, books and papers of hundreds of mercantile firms, lie solutions so-lutions wore also adopted condemning Mansard roofs, and rocommonding tbe establishment of a board of engineers, to bo invested with legal authority, in case of fire, to blow up buildings whor-over. whor-over. in the judgment of the head of the lire department, tho flames have got beyond be-yond their control. Springfield, Mass., 11. Lo?ses of tho Springfield Fire and Marine insurance company by the Boston fire will not ex-coed ex-coed 220,000, and will be promptly paid. Tho company will continue business. New ork, "11, Tho Board of aldermen alder-men meeting forbade tho erection of Mansard roofa unless of fireproof material. ma-terial. Gentlemen interested in the leather trade of Boston don't think the almost total destruction of the leather businossof that city will bring about any suspensions except perhaps in the cases of one or two small firms. The stock held by tbe leading houses was small. It is known the U S. Treasury will aid the money market if necessary by selling largely of gold and buying bonds. The shipment of gold to Europe on "Wednesday will amount to a million mil-lion dollars. Boston, 11. Tho "funds of the sub-treasury sub-treasury were removed to-day from tho exchange to the custom house. The post office is temporarily locatod at Fanueil Hall. The postmaster has done everything possible under the ciroum-stances ciroum-stances to expedite the distribution of mail matter. The inner safe of Freeman's bank, in i regard to which there was considerable ! anxiety, has been opened and the con- ; tents found safe. The outer safo fell from the second story and broke a hole ' in its side. The depositors' trunks with valuable papers were all destroyed. The bank will probably lose nothing. The vaults of other banks with the contents con-tents aro safe. The books of the Hide and Leather bank, however, are destroyed. de-stroyed. Ilia impossible a give anyr thing liko an accurate or even approximate approxi-mate report of tbe World Insurance company. They have had no time to look over their policies. At an informal meeting of leading insurarce ollleors today to-day tho statement was made that the losses will be nearly paid In full. At a meeting of tho citizens' relief committee to-day mayor Gaston read diapatcbos from governor Geary, Pennsylvania, mayors ( f Cincinnati, Chicago, India-napoli?, India-napoli?, Providence, and other pities, Under ing sympathy and aid. |