MONEY MARKET.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": "Sunday, Feb. AS p. N"}
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Sunday, Feb. 23-6 p. M.


sny the
the quotations current at the close OF the TWO
tive for the past few days and the excitement w with
doubt continue 50 long as capital is abundant and


s as hsrs not that ss
margin for advance there was last year at this time


The rail road stocks used extensively for speculation
are now selling for than they actually worth


at 66 and Norwich and worcester at Y These are
fcut get up much OF improvement these prices
When Harlem selling at 40 49, Long Island at %
ac0 there was an opportunity for speculation which
permitted to pass, and prices during the excitement
that ragged extensively from March to june 1874 went
up higher than at any time since Many other stocks are
held prices high for advance OF any conse
quencs and although there may be for the next thirty
days quite active business done in stocks and specu


ation extent may be carried on it must appear
plain all who calmly look at these things that those
who operate for decline will make the most money
The bears control the market, in spite Of every e
the bulls may make The bears not only have the
most capital and experience but the state OF the market
cannot conceive possible tor the bulls to prevent
decline in quotations Several Of the railroad stocks


called fanciesmust before manymonths pass away
be good, sound dividend paying securities and these
stocks must be daily improving in the market but an
very slow, and behind the wishes Of specuators
Until the principal railroad stocks in this list pay
regular and fair ans go
through the influence OF some cornering operation ges
up temporary advance, but quotations must hnally
settle down the vicinity Of present prices The Long
Island Railroad stands the first on the books The re-
ceps of this company have been very large since the
annual report made and 1t IL expected the profits Of
the road during the approaching summer will exceed
anything yet realized The second is the Norwich and
worcester Railroad. This company have already de-
clared dividend OF three per cent and reported sur
plus This dividend and surplus STATED to have been
declared and the actual earnings Of the road
which, if true shows productveness sufficient to en-
sure the favorable results. The local travel OF the
Norwich and Worcester Railroad, is very large per
h,s r. Whi nj
present. guaTanteee income free from all comPeton
almost large enough the expenditures OF the road


In this particular the Norwich road is better property


than Long Island, the local. way travel is an
mp item in the receipts and an important feature


the business Of any company The condition Of the
financial affairs Of these companiesLong leland. and
Norwich and Worcester-at present 10 SUCH that the
market value Of their stock cannot we have before
stated 20 much above that current. 1t will be
sometime before either 60 to par the declaration OF good
dividends would not do II at once.


We annex our usual comparative table, showing the
quotations for stocks in this market for each day Of the
week Just closed and the close Of the week previous
1t will perceived that Of the ancies have fuctu
ated from three to five per cent