The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-16
MONEY NIARKET.
Vhursdny, April I6-6 p. NJ.

MONEY MARkET.
Thursday, April 1915 p. NJ.
There a very general improvement in the stock
market to-day, and prices for nearly all the fanccs ad
vanced fraction Of per cent Long Island went up
Ii per cent, Farmers Loan y, Canton ~ Harlem 4,
Norwich and Worcester ~ Morris Canal r. Reading
y, and Pennsylvania SIS * The transactions to
some extont; but the market did not close
buoyant Mt the first board it opened, indicat-
ing want of psrmanency in the improvement.
In the face Of tho present condition Of
kets and the probability Of large part of tho
now loan being called for at once, there be
no basis for imitation to any extent In the fAnces
Government stock Is in demand at advance as it is
Of the safest securities in the market and in times
like these such investments eagerly seized by
more careful capitalists.
At tho second board Harlem went up u per cent;
Long Island n Reading, 81 Farmers closed at prices
current in the morning.
Eastern railroad stocks arc generally firm. Concord
sells at 49, and Fchburg since its bridge bill passed. at
244 for old-2l az for Maine continues to fall,
81 having been accepted in instances the cost Of
it's now line from South Andover to Essex city Is alleged
To produce this decline Worcester is less sought for
since its Milford branch failed and the movement to re-
new the birmingham branch makes its Saxonville
branch more hopeless Of profit than ever.
The Railroad Committee Of the Legislature Of Massa-
cho to whom referred the petitions for various
railroad routes from boston 10 the valley OI
stone. and thence New York. have reported against
the airline projects and in favor of the Wapoe route.
This route at the terminus Of the Walpoe
Railroad In Walpole thence passing through Wrenham,
Franklin Boingham and of Blackstone through
the village Of Waterford in the town Of Blackstone, to
the west side Of Blackstone river opposite tho village Of
Blackstone and there interesting with the Providence
ard Worcester Railroad. The length Of the line to be
constructed this route is IL miles of which l4h
asraight line. 1t has curve Of lebs radius than
ssoe feet the maximum ascent is IS ot to the mile
for ~ miles
There petitions before the Committee for three
ether routes: The Milford route-commencing at the
terminus Of tho road in process of construction
from the Worcester Railroad In birmingham to Milford
and thesco running through the towns Of Mendon and
Blackstone convenient point at the State line
the village of Woonsocket Tho length Of the road
prayed for is only $40 miles The Central Pettee
routc-eommencing the Mill Dam in Boston and
passing through Brookne Brighton, Newton, Needham,
Dover, Medfed, Midway, Franklin and Belingham, to
the State line Woonsocket there to connect with
the proposed line to Middletown New Haven and New
York The length ofthe line prayed for in this State is
81 $4,000 miles. g. The Perkins route-commencng at
tho South Cove in Boston and passing through oxbury
Dedhsm, Walpole Modfeld, Franklin, Midway, and
Bslngbam to the State line in Blackstone to connect
also with the proposed line to New York Length in the
State 80 66-l00ths miles.
The committee to tho conclusion In the outset
that the energetic thrifty and wealthy population Of the
Valley of the Observation-Disclosures all these four routes
tenarc untitled to what they ask for communication
With Boston by railroad. And they suggest that in ef
fectng this object it is desirable and important to
eemmodate considerable portion of the county of Nor
folk without railroad communication with Boston,
and that other things being equal that route should be
preferred which would accomplish the object with the
least expenditure and which would least impair the eff
cheney or ability Of other existing roads
In reference to the alleged necessity desabeness of
railroad route to New York, the committee do
consider that any such exigency has been shown
would warrant the required expenditure that the four
existing routes will amply accommodate all the wants of
the public; and that it is policy to protect rather than
TO Impair these existing routes.
The committee then the choice of local route
for railroad from Boston to tho valley of the Black
stone The Milford route, they reject being the
longest and the least direct and falling entirely
asrd the desired accommodation TO the county of Nor
folk To the Pettee and Perkins routes considered
local routes the committee object several accounts
but mainly, that the expenditure requisite their
srueton would DO vastly dsproportonate to the object
to be attained and that they would seriously and
cessarily interfere with existing roads
With these views the committee report in favor of the
Walpole route furnishing the most desirable medium
Of intercourse between the county of Norfolk and the
y '.o anu Do''on 'S involving inc
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. For RnstanS Cotton. bales IL a2s. Flour hill,
IT Se3 bush. 1914 d21: bread bbls. 700
1900 lard kegs, ll21; slaves loAoo beef tcs b25;
M Jus , o' Iyn ui 'o p , W. so ua1en,
rice tcs g.
For Tetand-Corn. bush, 1882; flour, bbs 81 ,262;
low asS 5 h,c oo SO nop sh as beof