The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-29
N ONE Y lark EFT.

SUNDAY, March 2S-6 r. ~
At the close Of the market yesterday prices little
moro buoyant and there activity among specu
atos. The fluctuations in Nicaragua have lately been
of the most extraordinary character At the rst board
yesterday the sock fell of Ave per cent At the second
board it went up four nearly recovering the decline Of
the morning There appears 10 BE- scarcity Of stock in
the street notwithstanding the great value represented
compared with current rates. The company have Wide
margin for the manufacture OF stock they supply
amy demand that may spring up We believe about haa
million Of dollars have been expended by this company in
placing steamers, mules &c the transit route and
that amount is sufficient give all the facilities required
for the transportation Of several hundred passengers each
way. per month The would pay handsomely on
extravagant expenditure, and on half million Of
dollars the annual dividends would lie enormous but when
the company talk about capital Of four millions Of dol
la to beexpcnded the inland San Juan
de Nicaragua the Atlantic and Juan del Sud on tho
Pacific itleaves doubt In mind that the few who
have the Management Of the affairs will make for
tunes out Of IT, II capital amounting to four millions
OF dollars sued in the shape Of stock and only about
i've hundred thousand dollars required to psce the
entire inland route in perfect order it follows that somo
body going TO make immense fortunes out Of the right
a way or for the privilege Of using the grant obtained
from the government Of Nicaragua, for navigating the
lakes and rivers Of that country 1t must be borne IL
nhu .iht INF uhnk1t company has nothing to do with
the steamships either the Atlantic or Pacific It
company formed merely for the transportation Of pas
eneers across the Isthmus Of Nicaragua distance OF
two hundred and thirty miles, only about thirty Of
which land, which requires two three very small
steamers, several hundred mules, wagons, &c There
has been no road to construct rivers dig ou-no
rapids have beon removed amount Of money In. heon
expended on the route but facilities have been provided
for moving passengers roads rivers which hsyo
for ages been accessible and nayieabe az AZ tbls mo-
ment. This Is the Nicaragua Transit Company which
has created 20 much excitement in Wall street among
stock spocuators II appears by the tranrnctions YES
teIday that there were several pretty bold sellers on
time but VIC would not advise parties getting short or
long in H. The only way TO deal In such security is 20
buy and sell for cash. Short accounts in a stock that
goes MP Eve per cent today down five per cent To-
morrow, will ultimately turn out best
Erie Railroad stock has been more firmly sustained than
we anticipated The tran0c lions recently hive been !
large and holders have managed keep prlcca up 1t
reported that the earnings for March viii not
up TO the estimate II IT, however pretty certain that
nearly The entire income for the month will be used la
damages to trains in running on the track sc We do
not hear q more than half Of the accidents this
road Most Of the damage TO life and limb reaches the
public eye, but destruction q property is kept secret
a. possible This will hc very important item in the