The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-21
M % N EY MAR ET.

u.
During the past week the stock market has been
highly excited, and Spectators have been In high,
spirits. The usual fluctuations of a rising market
have been experienced, and nothing has transpired.
Gale nlaed to give holders Of fancy stocks any appre-
hsnsion OF an immediate reaction of iIn portant
character. The Improvement which has tax en- place
In the position aud prospects of most Of works
connected with the internal commerce of the coun-
try has given holders confidence in their productive
nsss ana Induced many TO hold for the prospective
dividends, and make them Indifferent to the ups and
Gowns in the market value of the securities. The
rapid developenent of the Of the country,
the great increase in the of products
from part to another, and the augns sntsten of
travel ell tend to add to the value OF the various
stocks es Investments, and change their character
Stocks, which have, for years, been termed fan
cies are rapidly becoming dividend paying sesu-
itiss, and If the prosperity of the country at
l.rgs continues uninterrupted for a seres Of years.
there is hardly public woEk but that will pay
sort Of DIVIDEND upon the amount Invested in it's.
construction. Railroads Increasing rapidly In
the Western States, and their construction Is con-
fsrripg benz ats upon the sections through which
they pass, that win indirectly, IL they do not d.
recy, give those interested satisfactory returns for
the expenditure. Railroads and canals In the old
est settled sections Of the country which have bseu
constructed ut an immense cost, must ullimstely
with the Improvements experience will suggest, and
necessity enforce, become productive and prohta-
BILE to those who shrewd enough to purchase at
q great appreciation In our opinion, the time has
gone by whom the stock Of those works which IA
vorsbly located, and the prospective earnings of
which aro likely to be very great, be purchased
at prices much below their intrinsic value AM.
thoie who have secured them at a depreciation,
are by no means anxious to part with them, even
st handsome advance on prices paid. This &C.
counts, in measure for the 1rmnoss and steadiness
Of he market a. the moderate fluctuations in prices
compared with those In previous speculative move
mspts. The dificalt.s encountered by most of our
Incorporated in the earlier stages Of their
existence the financial endorsements most Of them
expeFienced during the construction OF the works,
tended to destroy public confidence In them and pro-
duced great and rapid depreciation in the value OF
the Investments. Impaired credit sxtravagant ex-
psnaiture Of capital false estimates of cost rogusry
al rsseslty in the administration of the compAnys
affairs, and great many other prodaeed tho
ban kruptoy many have experienced, and compelled
the manas TO resort to all kinds of remedies for
relief witch, instead of relieving, only plunged them
s deeper Into the dihculy. For years past we have
b.en obliged to record innamerabs disasters OF this
kind But many Of the companies referred to have
seen their darkest days; they have sxtricatcd them
selves from the financial embarrassments with which
they surrounded and placed thsis affairs in
position that viii ultimately lead to permanent ad
justDea upon basis satisfactory to the stockholders
and all parties eobearsed so long nothing trans.
per calculated Co deranss this state 81 things long
works OF Internal improvement generally are
steadily increasing In produstveness long they
ludioiously managed and the applied to.
proper purposes, long fair dividends upon the,
present market value Of the various stocks paid
Ia prospect, 90 long will holders be indifferent
10.
a greater or less extent
TIE variations Ia quotations for the prinslpsl sps-
euRtive stocks in this market during the past week
have been annexed It will be seen that although
prices higher during ths week than at the close
the elons prices higher than the close Of the
week previous -
evcrlrscSs rEE PRIScpsL sres~s ~ rr- Nav