The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-01

WEDNESDAY, March Sl-o r: n
The stock market was considerably depressed at the open
ing this morning. and there appears TO be great wan
Of confidence between buyers aud sellers ON time con-
tracts Where transactions Of any magnitude made
on time deposit from each party is required. This
looks hike dstrust and it extends, the effect will be
most disastrous At the first board day Erie Railroad
declined u per cent Reading Railroad ri Norwich and
Worcester "a Morris Canal, q; Canton Co.. III Harlem.
a; Zinc Co., al Delaware and Hudson. Y, since last
SALE Nicaragua Transit Co., with sales Of few shares
The wet miserable weather probably had some effect in
depressing the prices The fluctuations in Nicaragua
during the past three days have been very great
and those not thoroughly posted relative to the
operations and prospects of the company, do not
know what to make of them. This Transit Com
pany is Of those enterprises which great in
diyidual energy and unlimited capital build up in
incredibly short period Of time 1t is Of the
many wonderful things produced by the product gold
in California; and as it is most intimately connected with
the progress and prosperity Of that country it must be-
fore the lapse Of many weeks, show result. The
transit route across the Ishmus of Nicaragua from the
Atlantic to the Pacific has almost been formed by
nature for mans convenience, 1t has been consdera-
bly, improved since the Transit Company commenced
operations and will ultimately be not only the most
pedtious but the most comfortable and most economical
route between the Independent Of this is
the healthiest and. this account Alone is the most
desirable We are not at present, familiar enough with
the operations and Of the company to express
any opinion relative tc the ultimate value Of the stock
there is however doubt but that if half Of
their calculations and estimates realized, very large
dividends will be earned As all the arrange
merits contemplated are completed there will be
weekly line between New York and San Francisco via
Nicaragua which it is supposed will give the Transit Com
pany average Of about three thousand passengers per
menti, which, at charge Of fortytwo dollars per head
including baggage, exclusive Of provisions will give
aggregate income per month OF one hundred and twenty
six Thousand dollars. This is merely item in the
company's calculations. Ultimately they contemplate
carrying freight. The construction OF double track
plank road between San Juan del Snd and Lake Ncara-
qua, with gucL improvements in the navigation of the
river St. Juan. easily and speedily be made, will
give the company large freighting business which
not be otherwise than most profitable The company is
yst in its infancy and its operations limited what is
expected they will be. We understand that there is
fund already in hand derived from earnings sufficiently
large to pay dividend Of than twelve per cent
the stock which will be declared early in May next As
soon as We better posted relative to the future
movements of the company sLsll say about it,
Reading Rairoad offered to-day in large lots and
large sales made at further decline There doubt
but that the Legislature Of Pennsylvania will pass
bill for the better regulation of the financial affairs Of this
Of Pennsylvania intends to demand Of this concern the
State tax usually levied upon State, city and county
loans This requirement Will period of five years.
and amount to upwards of hundred and fifty thou
sand dollars There is tangible why the bonds
Of this company should be exempted from tax when
other corporate bodies are liable. Extraordinary priv
legcs granted to banks insurance companies rail-
roads &c. &c, all of which money making institu
lions; and it is but common justice to the community in
general that they should without distinction bear their
proportion in the maintenance of the government.
Harlem is of the frmest stocks the list. There
is powerful party bearing it, which keeps it from ad
vancing. is cheap at current rates and pays good d.
videpds the investment New Jersey Zinc does not
move much either way. There pretty active trans
actions daily but speculation of consequence in the
stock Morris Canal is dull. and depreciating
At the second board the market altogether better
Erie Railroad advanced z per cent; Long Island IL Har
lem q; Reading Railroad, q; Nicaragua Transit Com
pany 2 Zinc Company. q. The fluctuations in Nicara
doubtless caused by the accounts Of the loss OF
the steamship North America the Pacific and by the
nonaryal of the Promeheus from San Juan The loss Of
the North America has nothing do with the Transit
Company neither does it derange the line in any way
There passengers at San Juan when the steamer
William Penn left. The connecting steamer on the Pa
efc this downward trip the Independence slow
sc-which accounts for the delay Of the Prometheus
The annexed statement exhibits the receipts and dis
burs.mcnts Of the Assistant Treasurers Office during the
month Of March, showing the balance hand at the
close
ASSISTANT THrAsvRrHs orrl Go roRr OF New York
Balance, March !, 1852. ........ s2t5aass 4s
Receipts.
customs .......... s2s32.lU2 p
Patent Fees ......... 2,29 23
Post ONCE Department $3.50. $3.50 81
transfer Transit. :................ 100000 %
Miscellaneous. NEUTRALITY-SUSPICIOUS.. 1928 81 ~ -
- S2.975sl4 6S
$685. 9s IL
PGrmtAfs
Treasury Drafts. $685. 400 "a
Post Office Drafts l32T55 Is
Transfer Drafts ................ 100000 90
S2.6lo2 5i 90
Balance, March 81 1862. ...... S2,sl5S43 II
BY lalance OF funds to pay Interest
Additional appropriations. 5000 90
Payments
Treasury Notes. .............. s62 20
lnstalment due July l. 1851. LAO 90
1nstalment due Jan. !, 1852. 2O,532 u
Coupons ...................,. 1890 90
s37.665 4s
Balance, March 81, 1852 ..... S2sI72 IL
Treasury Notes funded. Sl050 90
Excess OF customs ceived in March,
1851, ever March, 1862 ....,,. s3lO,il2 II
The returns of each month this year show falling off
in receipts from compared with the correspond
;pr, h 1oet ;pdioa