The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-24

lately They have almost entirely disappeared from the
market and the usual demand from that class Of specu
been realized this Holders feel this
very the effect will be visible in the de-
cline Of prices greater than that experience during the
past week. Fancy stocks cannot support themselves;
they cannot stand alone they require continual bolster
ing; and any falling of in efforts OF holders to keep
the bubble inflated is to be followed by decline
in prices-perhaps by collapse The abundance and
cheapness Of money do not have that favorable inu-
upon the stock market spectators generally
anticipate The facility with which holders of the
ancies hypohecate them with the Wall street banks
enables them TO carry larger lots than they otherwise
could but this state of things cannot continue much
longer Spectators purchase fancy stocks to sell again
at higher prices They have intention Of keeping
them, and do not wish to hold them any longer than
they help. They have, for some time past, been
large buyers with the hope that outsiders would in
and take them of their hands ut profit In this they
have been sadly disappointed Instead of buying, cut
sers have awaited themselves Of the high prices ruling
and been large sellers This has increased the supply
the street. and given the brokers of the noies
to carry than they conveniently provide for The
market Is, in opinion used up for the Speeu
aton is rapidly subsidng, and few weeks will bring
to midsummer, with all its stupidity and dulness
Holders of the fances then will find them much greater
load to carry than they
The companies owning the two transit routes between
the Atlantic and Pacific oceans making great efforts
TO improve the lines and increase the comfort and ia
eity of crossing from to in the shortest possible
time. The Panama route has been much improved by
the extension of the railroad but it will be long time
before it is completed that the whole distance be
travelled by rail- The Nicaragua lake route is not
yet Completed but when all the contemplated improve
ments have been made the time between the Atlantic
and Pacific will be reduced more than fifty per
cent The distance from New York to San Francisco by
this route is about five thousand miles, From the city
Of Francisco to San Juan del Sur st. John Of the
South the Pacific 800 mes-thence by land to Vir
gin Bay, Lake Nicaragua, 1919 mles-thence
the Lake to San Carlos at the head Of the river st. john
4Omlesthence down the river st. John to the PORTAGE
at the rapids commonly called the Castlian Rapids,
q miles. This is portage Of only about three hundred
yards descent in the river being too great to admit
passage for boats Thence to the mouth Of the
St. John river at Greytown, the Caribbean sea- 80
miles From Greyown to New York the distance esti
mated at 200 miles From this point the traveller can,
without delay take ship directly for the city of New York.
and, generally speaking procure passage directly
to New Orleans wi bout any Of those delays which
alike vexatious and expensivethe distance being about
1900 miles. The company design, as speedily as prac
ticable forming connection line between Grcytown and
New Orleans by placing the line two steamships Of the
When this arrangement shall be made the trip from
San Francisco to New Orleans may be made in about
twenty days.
The steamships Promcthous, Daniel Webster Northern
Light and Pampero the Atlantic side and the Pacific
s. s. Lewis Brother Jonathan, Pioneer and Indepen-
dence the Pacific side, all Of the first class
commanded by able and accommodating officers. The
Central America fine boat 375 TONS with side wheels
upon the lake, in connection with the Director
The river boats have stern wheels and entirely
In the month Of February last there three steam
boats in number upon the river capable Of carrying 900
passengers each Since that time two boats Of very
light draught, with capacity to accommodate 500 pas
senges EACH have been put upon the river The average
time Of crossing from to this route is at pre-
SENT about thirty hours
The company have entered into contracts for the con-
srcton Of plank road the entire land part Of the
route, with pier at each Of the following pacesOne
at San Juan del Sur the Pacific; at Virgin Bay,
on Lake Nicaragua, and Mt San Juan del Norte or
Greytown, the Atlantic side of the Isthmus. Ac-
eerjng to the spuatons Of this contract the road and
piers to be completed by the first day Of August
1852. On the completion Of these works. ships will lie
alongside the PIERS which will supersede the necessity
boats to run between the ships and the shore