The New York herald., 1870-08-20
FINANCIAL and COMMERCIAL.
WALL STREET, I
FRIDAY. August l9-6. p. N. !

. "A NOVEL CANAkD
The facility with which unauthentic news respect
ing the European war obtains circulation seems to
have stimulated some parties to attempt little ex-
pertinent In the matter OF homo sensation which
might prove profitable In Its effect upon tho market.
Thus Wall street. thrown on ts guard BY the excite-
ment of the past few weeks. ana worked
up to . condition OF trustfulness In which
almost any startling announcement would
obtain credence was greatly agitated this
morning by the statement which appeared In
the morning papers, in the shape Of telegram, Of
the serious and 1t was feared, dangerous illness of
Commodore Vanderbilt, at present sojourning at
Saratoga At nrst very few thought Of questioning
the truth OF the report, and general rush made
by the holders OF Vanderbilt stocks to SELL in the ex
pectson that upon the Of the great director
from the control OF the roads represented by these
stocks the latter would suffer rapid depreciation,
II It were only temporarily. The result was sharp
decline ana -
THE STOCK MARKET
opened excited with generally bearish feeling,
particularly exhibited In New York Central Consoli
dated do. scrip and Lake Shore. The first sale Of
Central was per cent OF the closing price of last
night, scrip ~ and Lake Shore l per cent. The
other active shares of the list in sympathy with
this movement and mostly lower The characteristic
shrewdness Of the stock operator soon asserted
truth there was In this report that had set the whole
street scurryng into the Long Room in gre haste
at much earlier hour than active dealings have OF
late commenced there. Teleg raphic inquiry soon
brought denial OF the whole story and the further
intelligence that the Commodore was In the best OF
health. This caused sharp reaction and prices
quickly took an upward turn and regained firm
feeling, which was well maintained during the day.
with moderate business and the same features.
The express and miscellaneous shares were dull.
This ''se' (graver moralists than the Ordinary
stockjobber would designate 1t more harshlyy was
ceverly c0ntrlved and ably executed. 1t has like
wise, undoubtedly. proved profitable to those who
had the point" This is one side. The street
promised reverse. and, 1t is said, determined
efforts Will be made to discover the originators OF
the lying despatch and secure to them some punish
meat The following were the
PRICES ON THE SECOND GALL.
canton Company, 604 bid; Cumberland iron, 40;
Western Union, a4h 34s4; Quicksilver. ~ bid;
MarIposa, 5H bid; do. preferred, 9H bid; Adams
Express. e7h y 6sh weIs-Fargo Express, 1sH q
14h; do. scrip, "a 3; American Express, 42x bid
United States Express, 43 As; Pacific MAIL 37h o
SO; New York Central consolidated, 93H . 9SH; do.
scrip, ss7< a sszs; Erie, % 22h; Harlem, l32;
Reading, s62S 95K; Lake Shore, ooss q 90A;
Illinois Central 1876 bid; Cleveland and Plttsburg,
1041a los; Chicago and Northwestern, 81 bid
do. preferred, S4Z q 85; Cleveland, Columbus.
Cincinnati and Indianapolis, rs 80: New Jersey
Central, 10l bid; Rock Island, 1l2x l13; Milwau
kee and St. Paul, 6sx sos; do. preferred,
10 781s; Toledo, Wabash and Western. sos
51 do. preferred, rs bid; Fort Wayne can bid;
Chicago and Alton, lie; do. preferred, 11S bd
OHIO and Mississippi, s31a a 83X, st. Louis
and Iron Mountain, AZ Delaware, Lackawanaa
and Western, 1868 bid; Morris and Essex, ssSs
ss7s; Boston Hartford and Erie, so bid; Hannibal
ana st. Joseph, LOT a 1oS; do. preferred. 11o1a
liz; Columbus Chicago and Indiana Central, 17s. q
IN.
THE EXTREME PRICES