The New York herald., 1876-10-17
FINANCIAL and COMMERCIAL.
The Stock Market Active and Prices Generally
Higher Strong untertone.
GOLD STEADY AND FIRM AT 100 IA
ToneJ on Call 2 1-2 and 1-2 Per Cent-Goy-
ernment Bonds in Better Demand at
Higher Figures-Investors Look
ing After Railway Bonds.
WAL SrsrRr

MONDAY Oct l6-G GP NJ
The market grows slowly and steadily in strength
and presages a season OF flowers and fruit Whether
this time 1t will be forced to maturity or be again
blighed by the nconsdcratc action OF the stock gar
deners present caring for IT, the future will
show Suffice IT that tor the last two days the quota
hons becoming larger hurtiul rumors lees re-
dundapt and confidence in future more generally
established. Much OF the latter feeling comes from
the belief that the OF the railroads in the
game OF raie-cuttng must soon come to an end in
Wow OF the enormous grain freight Offering and the
prospect of an early closing OF canal navigation.
There but stop the upward speculation to-
day, and that lay in the unexpected announcement
the of the death OF Commodore Vanderbilt.
Central Hudson and Lake Shore staggered under the
nows. and quickly gave way to tho extent OF two per
cent tho former and por cent on the latter,
while the remainder of the list fell oil fraction. A
very brief period, however suiced prove the alsty
Of the news and to explode the lc and with little
damage done, the market resumed It's upward course
and continued steadily, and late the day with pos
Tive buoyancy to tho end The bears pressed
for time in tho brief interval Of doubt that they made
but little progress either in putting out short
contracts or in closing old ones, although there
opportunity enough TO see that, were the
port true, no CONSERVATION would cnsue and panic
follow The TACT tnat the demise of Mr.. Vanderbilt,
under tho circumstances OF its possible probable
effect upon the Market has been settled long ago in
brokers' minds, and the result figured out clearly
the transit OF planet by an astronomer.
There remains the hoax ITSELF which simply
heartless outrage, hcartless traing with the
sacred feelings OF the family relation, and outrage
on all who have lost money by It's pcrpetratIon.
Where the blame lies should be somebody's duty to
discover, and, II the executive members of the Govern
ing Committee spare tmo enough from their
dle fndd viii he ling of he Ionr RoOmf To
take the matter IN hand, they will confer benefit
upon only the Board itself but upon tho public at
largo
The canard concerning tho Commodore having been
trapped and its neck wrung, the market free to
resume It's upward which it did, tho coal stock
being decidedly in advance
Thus thoro gain of AZ per cent in Delaware
and Lackawanna and Of in New Jersey Central
The Osborne Mills party again credited with At
tempting repetition OF their former movements,
though there evidence Of free buying tho part
Of shorts not from compulson but from prudential
motives Lake Shore was again the iavorite of the
hour, and recovered points of deprcs-
sion under the membership Of tho same combination.
" Is beginning to be considered unsafe to venture
the short side OF this stock in OF It's present and
future prospects, and bears with more bodness
In the still precincts OF The coal carriers
Pacific Mail, which had fallen OIL nearly per
ON the general depression, rallied out sghty at The
Close though unlimited amount of ''chinning' and
brnggadocio bidding was resorted to by Its fricnds
Renewed difficulty experienced in obtaining the
coal stock for delivery to-day Delaware and Lscka-
wanna commanding as high as y in the loan market,
whiio considerable amounts bought in, under tho
rule, at difference OF y to per cent between cash
ana regular
Closing quotations wore nearly the best OF tho day,
and the prospect is for further advance; bat In tho
present artificial state OF The market any opinions for
she future would bo about valuable those OF
idiot on the "pluralty Of worlds of Boss Kelly on
Eanscrit
SALEs TODAY
The transactions at tho Stock Exchange to-day ag.
grcgated l29 900 shares New York Central and Hud-
son. 300; Eric 1900; Lake Shore IS 500; Northwest
crn 800; do preferred 400; Rock Island, 3oo Pacific
Mail 500; St Paul. 500; do preferred, 2s00 Ohios,
l. 500; Western Unon ,225; Wabash, 400; Union Pa
cinc, 100; c. c. and C., 100; Delaware Lackawanna
and Western, 43, 24o; New Jersey Central, 1880;
Michigan Central. $500; Delaware and Hudson Canal,
2,45o.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows tho opening highest and