The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-17
NJ ON Ely ARK EFT.

SUNDAY. May 1G-5 p. NJ
At the close Of tho stock market yesterday there was
little better feeling among Spectators and the ten
dency Of prices upward. Government and State
stocks first mortgage railroad bonds and bank stocks
main steady at quotations and the daily transactions
continue to some extent. Fancy stocks Huctuae from
day to day but prices at the close of each week do not
show much alteration The stock market generally is
not much inflated when we compare quotations with
those current two three years SINCE Some of the lead
ing fanccs rule far above their real value while others
many per cent below prices previously current Can
ton Company has advanced several per cent lately.
few months since it sold ut o5 per New jersey Zinc
Is in demand at our quotations and holders not disposed
to sell Last year At this time this stock was selling at
IL per cent Since that time it has much improved in
real value and the company have made great progress in
extending their works 1t must become highly pro-
duchye Dauphin Coal Company is steadily working
upward few months ago IT was selling at IS a 80 per
cent The advance has been very great and probably
Will be much greater 1t is one OF the most promising
coal stocks in Pennsylvania and WILL without doubt in
time, be most productive. Norwich and Worcester Is
doing pretty good business It's prospects favorable
In the event Of connection being made between this
road and some of the contemplated through lines to Bos
ton, it will rapidly improve. Nicaragua Transit Company
has fuctuated considerably recently and at times
has been much depressed in prices but reactions
have rapidly occurred and former prices realized Tho
company have on hand upwards Of one hundred houond
dollars, and will soon declare dividend Of three or four
per cent which will be equal to ten per the pre-
gent market value Of the stock The prospects Of this
company arc exceedingly fattefng Its transit line
across the lthmus is not yet periectod but even in il
unfinished state large number Of passengers been
transported from to AZ ne the outside
Ines (c Atlantic and Pacific arranged conlem-
plated 1t is estimated that at least two thousand pa7sen-
geiswii be transported across per month This viii make
m aggregate OF twenty four thousand per which
at tbry-yc dollars per head will give gross income Of
eight hundred aud forty thousand dollars per annum
OF this about five hundred thousand dollars would be
net, applicable to dividends, which the capital.
would give twelve and half per cent the par value
OF the sock-cqual to about thirty per cent On the
rent market value. This is certainty attractive enough
AT oil events 1t is sufficiently 10 induce holders to keep
most Of The stock ont Of the market There il very little
afoat in The street Those who understand the merits
and Importance o. this Toutothosc who know that any
ard every line the Isthmus connecting the Allan
tic with The Pacific Ocean must ultimately be highly
producycac among the most sanguinc friends Of Tie
Nicaragua Transit Company, There now only tw,
routes there may, ia time. he a dozcu All viii paysu
be profitable. Nicaragua is fine fertile healthy ooua
try with Of the finest climates ia the world ana be-
the Gpsc Of Nanny years must become p,,a
lated aud extensively cultivated Three crops onn B,
grown IN one year. oi of the Innst valuable pr,
ducts of The soil are staples Of that country.
u VIII be by daily reports Of transactions at
The scck boar. That nearly al tho Western railroads
command premium in this market, and most Of them
pay large dividends Tho construction of railroads in
Ohio. Indiana, and Illinois has progressed with nnprccc-
Gtn'td rapidy. AsJct, competition has not developed