The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-17

been for . long time ketb-s, ana this slsmsnts Of
speodfstlon began to develops themselves. For
time the advance In tho fsnces was general
but finally cornering combinations became visible'
and two or three of tho oe railroad securities start
ei in advance Of all others Harlem, and Norwich and
Worcester were the avorte bubbles and they In
fated to an enormous extent Harlem reached seventy
four ger cent and Norwich and Worcester sixty per
csnt-ths former twenty-five per cent and the latter
thirty per cent above prices now current 1t may appear
to msny that there Is full this margin for advance In
the event of another combination being formed; but
that is hardly possible. The actual value Of
Harlem has much increased since that time and
holders generally have much more confidence In
It's ultimate productivensss; and its market value
must ultimately become greater than any speculative
movement created 1t hardly probable hswever that
there will be- this season. any great fictitious imitation In
prices for this stock advance Of Ave ten per cent
may be realized upon its intrinsic merits but that
Improvement would induce SO many to realize that it
could not be sustained.
Norwich and Worcester appears to be in very bad way
Some of its most powerful friends have abandoned IT,
and Others, who have been rather disposed to bu it,
have become desperate bears Mort Of this stock Ii held
by house in the street and the shorts may get caught
when they little dream Of II. So far the business
prospects Of the road concerned they gloomy
enough, and the market price about al II is worth
The connection with Nashua may give IN increase Of
business but not to extent sufficient to improve It's
financial condition much II ID in contemplation to ap-
ply for increase of ten thousand shares of capital
stock for the purpose meeting the indebtedness about
maturing With all these things Weighing upon the
company We immediate prospect Of any improve
ment-no basis for even q speculative movement,
any possibility for depression In pr,oss to any
tent 1t may huctuats from thirty to forty cent
1nll ol.ua NJ kto
highest named price.
Since last April there has been quite improve
ment in stoningon Railroad Since that time the
pany have declared and paid two dividends Of two and
half per osnt each and will pay another Of ct least two
snd half and perhaps three per cent, on the LIST Of
May proximo. This stock Is now selling at sixty Per
cent, and We reason why there should not be
steady improvement in Its market value. If the COM
pany pay punctualy semiannual dividends Of two and
half three Per cent, the stock worth ct least nine
~ per cont and that the earnings Of the road will sna
BILE the company 10 declare such dividends IL beyond
question even without any increase in the income of
last year. This must be the fvorits through route to
Boston, ON account Of IL distance, speed, and
comfort, and q such, must command . large part
Of the through travel. Its local travel il ex-
tensive. and the opening Of lateral roads leading
into the interior ofths most popuous manufacturing dis
trics Of Rhode Island will give It large increase Of
business. On the rst Of May the connection will be
made with the Boston and Providence and the Provi
denoe and Worcester BY which the ferry ct Providence
will be avoided, the time between Boston and New York
reduced about hour and the comfort Of travellers
very much enhanced. About the middle Of May the
and magnificent steamboat Connecticut will be put
upon the route to in connection with the c. Van
derblt forming line equal II not superior to, any
other tho Sound. It 10 estimated that the distance
between the two cities will be covered in ten hours Such
of the advantages Of this route which tend to
give the stonngton Railroad its value and when take
into consideration the reduced cost Of the ne the pecu
liar position of Its debt and the economy Of Its manage
ment it il impossible to doubt for moment but that
the STOCK investment equal to any in the
ket Spectators cannot do much with 1t they connot
get hold Of enough to get up a corner, and there il
therefore, prospect Of any sudden imitation in prices
steady improvement until IL reaches its actual value,
will be realized when the stock may be plenty in
the market The dividends now pay such heavy nte-
rest the investment that holders will not part with
the stock
The annexed table exhibits the quotations in this
ket for the principal speculative stocks for each day Of
past week. and at the Of the week previous 1t
will be observed that prices have been exceedingly uni
form
QuorArIoNs Poa THE PRINciPAL Sroexs IN THE New
YoRK MARKET.