The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-26

MONEY MARK EFT.

MONDAY, April DO r. n.
There was not much activity in the stock market at
the opening this morning, and prices were not very well
sustained. The coal stocks partially duh and heavy,
and Of the transactions for cash. There
decided disposition to sell everything the list, and
much more stock was offered than found buyers The
loss Of the steamship Independence had ulfavorabe
effect upon Nicaragua Transit but it was merely tempo
rary We understand this steamer did not belong to the
company and was about being withdrawn from the line
The books close morrow for election OF directors
for the ensuing year. report will soon be made, snow
ing the earnings and position of the company ana we
learn that in June q dividend will be paid out OF
the net receipts Of the past six months Al the
first board to day Nicaragua declined 70 per cent;
Morris Canal, y Reading Railroad, u Montgomery
Mining, Il Florence and KeypOrt 4 ; Cumberland
Coal, Ia Parker Vein, ~ Erie Railroad, z Har'
lem, y Panama Railroad, q. Delaware and Hudson
went up per cent Canton Company, u; Cary Improve
ment, 4; New Creek y Harlem, preferred, q; Buffalo
and Rochester Railroad az 1t appears by this that the
depreciation has been pretty general The bears seemed
to be the principal purchasers The favorable turn IN
the money market has not had that influence upon the
fances holders have anticipated Prices have advanced
in certain instances but compared with quotations cur
rent in February last there yet wide margin for i'm
ACKNOWLEDGEMENT wider than viii, in our opinion, be
covered at present Good stocks are high enough, and
poor stocks are already selling for than they are
worth Notwithstanding this should not be surprised
to see some the ancies up several per cent
cannot however, be otherwise than temporary nfia
ton and those who avail themselves OF it to clear out
what they have on hand make contracts to deliver,
viii show their good sense.
The receipts the Office of the Assistant Treasurer Of
this port, 10 day amounted to $44 ll3 16; payments
$50, 727 67-balance ST, 95s,2s7 r.
The Freemans Bank OF Washington has exploded We
notes.
As public attention has been turned with great inter
est to the nteroceanic connection between the Atlantic
and the Pacific which about take place the 18th
mus of Tehuanepec present the following statistics,
as aordng the most conclusive evidence that this route
will prove, not only the shortest but the most popular
line OF communication. On examination Of the map
Of this portion Of America it will be seen that
Nnataan, the Mexican gulf is about 800 miles north
Of San Juan de Nicaragua and nearly 900 miles above that
of Aspnwa and that the city of yentosa the Pacific
exceeds distances from the eastern termination Of
the Panama and Nicaragua routes consequently with
this great saving travelling California and the East
Indies must follow leaving to the Panama, the most
southern line such intercourse De destined to and
from South America. From ship navigation at Minata.
lam the Gulf OF Mexico to ship navigation to venoa,
on the Pacific the distance is by the surveys Of Major
Bernard leg miles, and from Taltepec to Ventosa in
connection with light draught steamers the Land travel
by railroad would be reduced to 104 miles, and the cost
railroad Of six feet track between the latter points,
is estimated at no. while that of the longest line,
which is the ultimately to be made would be
81, SAT GEO.
We also derive from the source the annexed
statements of comparative distances through the respec
tive routes to San Francisco
From New York wa Panama. wv miles
Ditto via Nicaragua. ,53l
Ditto vie Tehuantepec. .........,..3sO4
1t has Icing understood that the George Law steam
ers are in connection with the Tehuantepec route
and without waiting for the construction of the pro-
posed railroad that this connection will be formed
soon the President shall intimate his views this
subject of almost vital importance in afording more
speedy communication between California and the Allan
tic States Towards the completion Of the Tehuantepec
road the necessary amount Of money has already been
engaged by American and European capitalists, whose
intelligent foresight show them that there could be no in
vestment which would be likely to prove equally pro.
ftable.
The annexed statement exhibits the quantity and value
Of merchandise exported from this port during the week
ending and including Saturday April 3d. Distinguishing
the destination and extent Of shipments to each place
COMMERCE PORT or New YoRE--WITkLy EXPORTS.