The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-06

street. has from time TO time, Been confined to certain
sockthe ADVANCE has net been throughout the list In
consequence Of this stocks remain where they
twelve months SINCE while others show improvement
Of thirty forty and fifty per cent Ultimately those now
in tho will approach those in advance, and
the imitation become more general.
1t must however be admitted that Of the hnces
have poor basis for the rise already realized. North
American Trust Company has advanced more than fifty
per cent within the past week At the close OF the mar
ket yesterday areaction appeared and the probability
is that prices viii settle somewhere in the neighbor
hood of the starting points We have much of the
operation and effect Of legal DECISIONS that have
little faith in them. Within the past four five years
about half dozen decdons have been made most which
have been in favor Of the company In anticipation ofeach
one speculative movement has been made in the stock
and prices have risen rapidly TO high points Outsiders
have taken hold with avidty and the street has been
pretty well cleared Of the stock. Finally the decision
has announced and every point in every case de-
sidedy in favor Of the company notwithstanding which,
the market value OF the stock has invariably fallen of
from the moment the result became known That It will
be so in this have not the slightest doubt and
whatever may be the imitation before the decision Of the
court prices afterwards viii largely depreciate. they
do not IL win be the only exception know Of to the ge-
neral rule There two three other stocks the
list unduy infated-that is, comparatively. The most
prominent Of these Is Panama Railroad stock From
the imitation in the market Of this stock
the belief must be entertained that the road is
perfect monopoly that no other communication
or transit route between the Atlantic and the
Pacific, but this exists, be constructed;
and that 1t must, therefore, command the CONNER
cal traffic Of the whole world the two oceans. II
this is the impression and the advance in the stock
upon that oasis there will be much disappointment and
loss The Nicaragua Transit Company is rapidly and
permanently improving the route that Isthmus;
and the recent surveys of the ship
canal, made by the sompanys engineer who has taken
them to England become known and the feasibility of
the project is placed beyond all doubt public attention
will be turned to it, and the advantages of such con-
necon between the two great will be Immediately
admitted Within the past month several steamers have
been added to the Nicaragua line the outside and in
side part of the route and shall look for short
trips between New York and San Francisco by the way
of Nicaragua There travel traffic enough for half
dozen routes but that which can in the cheapest
most comfortable and convenient manner transport pas
sengers from to the other will command ali the
passengers and freight it find facilities carry
The amount Of customs duties collected at the port of
Philadelphia, during the first six months of 1852 was
0S against s9 o5 for the corresponding
period in 185l-showing increase this year, of
$35 748 49,