The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-24

srNpAr, Feb 23-ePM
The ssck market has been pretty active during the
past week, but prices have not been veil sustained
Several causes have operated to produce this tempo
rsry depression, most OF which have already been
moved The bears have worked hard 10 put price.
down, and have partially succeeded but the probsbi
lily that they have had the last opportunity for
come time specusop has not yet recovered its former
energy and force but, the season advances Il lust
increase and become extended 1t strikes that this
Is goins 90 be great year for railroad trarnc The
monthly returns Of trse, soon the BUSINESS
opens and pleasure travel commences viii, with.
cut doubt compare very fsvorsoy With those OF last
year and this alone viii be ,ufeent TO create con,i.
derabs activity in the ttocks Of those com, anes that
already earn dividends IL will be very difcsu for
the bears 10 eepre prices for rsrosd stocks In the
lace Of great Increase In earnings aud the approach
ng IL Their sfore particularly favorable to held
.rs those Who purchase shares In tn. mos. promI.
pent psnies ct present prices We BY no ans la
clude all railroad stocks under this head there are
verh the list II would be dangerous to touch ct any
thing like prices nov current Judoous disc inatiou
must therefore be exercises Ia the se.oi ION Of rail.
road stocksto purchase as the improvement on &C.
tua market value, will By no means be general
We have heard Of numerous instances within the pas.
fe~ days where individuals have disposed Of govern
msnt and State stocks and inve,tsd the proceeds In
road has been In demand for such ipve.tmsnt, A
great many hundred shares Of this stock have been
taken Of the market during tn. pas, vesh or t-o
In this way. The fact s that government and state
stocks too high and pay rate Of interest too Low
20 satisfy most people Transfers are therefore mad.
daily and railroad stocks that pay sr and seven per
the Investment with large margin for appr.
citation In market value, and With lsrg. prospective
dividends are steadily absorbing capital aud f.Iinz
into the hands OF capitalists Who put them away 90
permanent Investments Norwich and Worcester ia a
fsvorte With many, and purchases made daily By
parties Who take the stock out Of tn. market
Land steehs viii probably rsosve greater Imp.t.s
rom the anticipated speculative movement than any
other class OF stocts the list Thsrs 1. such vide
margin for prov, ment In the most prom nent Ie-
priced shares that enormous profits are likely 70 be
realised. small advance gives such lars. per cent
on the Investment that they favoritss With out
sd.rs and sstrsct lsrs. o.s. Of purchasers In the
event Of any temporary depreciation there 1. Bona
fd> value In the real estate owned BY the p,niss
which must sooner oriser give return, netting
Per cent dvdsnds n any other kind Of stock This
very portsnt pont-one which 10 not los, sight
Of By capitalists vho afford 10 let few thousand
dollars remain inactive year or tvo.
The recent activity displayed has sons~hst absted
but large aggregate business IL doing especially
In imported goods. Towards the end Of the m onth
better trsds IL expected. The domestic trsds 10
for the memest dull. viii some b.avin.ss In prices
Of esttos fabrics o~isste the deciins snt downward
tsndepcy Of prices IN the market Tor the rsv mate
rial. Brown and hssched shirtinss and .hs.tinr. are
modsssss, but steady and unifcf n demand without
great brishsess. Prices are generally sosrseiy 90
srp but no slight concession could s.our. spssuls
| Nv. psrohsses In the present Spec, Of the cotton