The New York herald., 1877-01-05
FINANCIAL AND COMMERCIAL.
The Stock Market Active, without I'M
pOrtant Change.
GOLD STEADY AT 1O7 A 1O6 rs
Money on Call and Per Cent-GOyrrn-
ncnt and Railway Bonds in
Good Iemand.
WALL STREET,

The demise or Commodore Vanderbilt, so long ex.
pectcd and, in a measure, feared from its possible
favorable effect upon the stock market, announced
this morning. The false intelligence to the same ef.
ect which more than previous occasion had
been nosed abroad, had made so little impression on
prices that the fact taken guarantee that
would happen when the event really occurred The
Stock Exchange had thoroughly prepared Itself by long
anticipation and in street parlance. had discounted
tho various contingencies likely to occur Conse-
quenLly to-day when the report in authentic shape
upon market OF innate strength and disposed to
resist, II scarcely caused trcmor Of excitement
Lake Shore and Central and Hudson, which known
par erceience the Vanderbilt stocks halted and
cedcd Tor brief time and then returned to the
age selling prices of tho day.
II evident that preparations had been made, and
were strictly carried out, to hold these securities
firmly, and the bears had been patiently waiting for
many weary months, not TO sell more stock, but TO
cover that which they had already sold there
antagonsm met with from that quarter The Twenty
third skull and bones party have this time, at
least reckoned without their host, and
successful than they in their gold venture which
they based upon Republics death and shedding
Of gore For Jay Gould, with his long limo shorts
which must have grown musty from ago and the
charging up OF many dividends. there way out Of
the scrape as yet but on the contrary, fair prospect
OF his continuing borrower Of the stock for an in.
definite period to While these remarks per-
hnent to the immediate effect OF the Commodoro's
death IL be overlooked that the may have
IN important bearing upon the future values Of tho
properties, and particularly OF Lake Shore.
The cool head, farsecipg mind, executive
capacity and Indomitable energy Of Mr.
Vanderbilt viii scarcely bc replaced by those who step
IN his shoes they be expected to- ior the
~raton of such abilities in a single individual
's o.ot sbe worlds wonaerr, and does not happen
onca la ~tury
&c MS gfoasi.ties was added hs greet wealth, aai
lbs reauness % apt,his latter 90 the support OK his
tAsosfs lnVes1nm.ssnBixnen n.s panc threatened ~aR
ascouns had Aeear gDssss. gsDsss.ation Of
Y cap sfesiy 6e oxpco,ed that his Successors viii
IS readily come 70 ,he tont or hat, win 4 DIVIDED
interest, they wilinave te salao ablluy co. ard,
consequently, greater fluctuations and more sansi.
ive feeling will be likely Central and Hud-
well as IN Western Union and Lake Shore in
he future.
The undertonc of the market is decidedly firm and
The tendency OF prices upward, and not the less
that one Of tho disturbing causes removed
10 day. satisfactory settlement of the Prcsdepta
question would clear the way Of almost the only
naming obstacle a healthy vigorous stock
market.
Disbursements from banks and other institutions
commencing be felt the greater of the money
market and in the brisk demand for government and
railroad bonds Prices of the best Of railroad
mortgages creeping up to figure that is longer
considered cheap and consequently those of the second
class finding buyers at enhanced values.
At the close the market was trihe of rcazatons
and through some apprehension that tho news OF Mr..
vanderbts death might bring orders from out Of
town parties to sell tomorrow.
TODAY
who tronsactions M tho Stuck Exchangn to.dov
aggregated 98.S90 shares: Now York Central and
Hudson $3.50; Erie, 500; Lake Shore, SO $50; North.
western 400; Rock Island 500, Pacific Mail, 7o0 ST.
Paul, 800; St. Paul preferred, 1900; Ohios, 1000;
Western Union Il, 400; Wabash, 200; Panama, zoo;
Delaware, Lackawanna and Western, $500; Now Jer
uey Central, LAO; Michigan Central, %, 100; Della
ware and Hudson Canal 1300 Illinois Central, $50
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
Iowe nr of he