The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-29

MONEY MARKET.
WEDNESDAY, May 2S-d p. !

.
There considerable buoyancy in the stock market
to- day and the indications of speculative Of
Importance daily getting stronger Most Of the
ces advanced to-day and the tendency at the close
still upward Among the purchasers there is a good
sprinlng Of outsiders and many large holders in
creasng their supply under the impression that or
portunity viii present itself very soon buyt prices
low those current 1t is about time there some
activity in the stock market For sometime past it har
been duh and depressed, the Of which could
not divine Many of the most prominent fancy stocks
have ruled low money has been cheap and abundant and
the apathy among outside operators has therefore, been
more extraordinary We see now strong indications o.
permanent improvement in prices The leading rail-
road stocks going gradually into the hands Of CAPT.
talists and as they improving rapidly in value the
probability is that large portion Of the shares which,
have for time past been floating about the market,
will be withdrawn The influence Of this movement il
alone sufficient to put up prices; but important
is operating favoraby upon the market value
railroad securities and that Is the great increase in tho
earnings Of each company compared with corresponding
periods last year This is after ALL the only real soid
substantial basis for improvement in prices Of thi
class Of stocks. The Harlem, Long Island Norwich,
Hudson River and New Haven, doing large and
productive traffic, and believe they all udiciousy
managed. Their earnings properly appropriated and
the prospective condition of each certainly encourag
VI STOCKS THIS MARKET the mar
gin for improvement is probably greater in Long
Island than any other Harlem standjnext the list
and then Norwich. Canton Company has the onward
route again 1t advanced several per cent, yesterday
and is mp, TO day, about two per cent We have said
enough about this stock to deter cautious people from
purchasing it, and those who 90 into do with their
eyes open. Morris little better to-day with small
sales
The variations in quotations to-day, at the first board
follows United States Gs 1857 advanced per
cent; Edgeworh, ~ Farmers Loan, ri Canton Co., la
Morris Canal, Il; Long Island al Harlem, II Norwich
and Worcester, T. Esie Income Bonds and Erie Rail-
road stock declined r per cent At the second board
there demand for Reading and Harlem at better
prices. Harlem went up per cent; Reading Railroad,
u; Long Island, Il; Norwich. ri and farmers' Loan a.
The market closed firm, with upward tendency.
The receipts at the Office Of the Assistant Treasurer
this port to-day, amounted to s10l loi IL payments
sl2o,o31 a5--balance, s2,2l377i 90
The next great branch from the stem Of the seaboar
and Roanoke Railroad DIVORCES from its terminus at Cas-
on, by the Raleigh and CASTOR road Raleigh IS miles:
nd thence by the Central North Carolina road to Sails.
ury, 40 miles whence 1t is proposed to continue the
Central road l5e miles further to Knoxville; from which
point the route marked by the Hwasee Railroad to
Chattanooga, 1l3 miles; thence by the Memphis and
Chattanooga road 232 miles Memphis on the Misss
sipp-whole distance from Norfolk to Memphis say roo
miles
There l. another branch from the same stem which
premises important results those we have
named for II Is intended to tap the rich valley Of the
Roanoke at GAINESVILLE and connect with the Virginia
and Tennessee Railroad atLynchburg which in its turn
connects with the East Tennessee Railroad and commu-
nicates with Knoxville, where it strikes the Hwsssee
Railroad and the line Of railroad thence to Memphis AZ
above described by this route to the Mississippi the dis
lance by railroad Is laid down follows Prom Nor
folk to CASTOR 90 miles, from CASTOR to RIdgeway ION
the Raleigh and CASTOR road, 10 miles, from Ridge
way to GAINESVILLE ION the Roanoke), Is miles; from
clarksvle to Lynchburg 60 miles; from Lynehburg TO
Tennessee line 25s miles from Tennessee line to KNOX,
vile, by East Tennessee Railroad 120 miles from Knox
vile to Chattanooga, 1l3 miles, from Chattanooga to
Memphis, 232 miles. Total miles COS