The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-12-02
FINANCIAL AND COMMERCIAL.


THURSDAY, Dec. ID I. u
Quotati for fancy stocks still tend downward At
the first ard to-day OF the largest operations
for cash. and the bears have doubt secured the
gins which have for days past been accommodating
in their favor Nicaragua Transit declined this morning
4 per cent; Parker Vein u Cumberland Coal Il; E-is
RS road, u; Harlem X Hudson River Railroad, Y; New
Haven Railroad ~ Michigan Central Railroad n; Sion
ington ~. The market is steadily settling down, ia
spite OF all the efforts to the contrary ,ders having
the to carry Go for time, with the hope
Of better times but it IL impression that sometime
her they will r. sze at much lover rates Spectators
in fancy stocks for rise generally buy at high and SCH
at low prices Instead of securing profit when in theie
power TO do they hold until the tables fairly
turned against them and then make clean sweep OF all
in hand The great principle every Spectator in fancy
stocks should act upon, is to make profit when you
can 1t may mai vast difference in the result in
instances whether the proper time seized upon not
but in the end the pre- at viii be greater, b. making fro
que mt turns with small returns Make profit when you
can as good advice to the bulls to the BEARS but
for some reason unknown to Themselves they sci
dom act upon it.
The Nicaragua Transit Company appears to be much
greater than the public have idea Of Its re-
cspts during the past six months havs betn enorn
Our authority for this statement is, believe good
Since the administration of Mr. Chas Morgan there
FAIRS lave economically and jndicousy conducted
The reports OF receipts md expendi have been
contradictory that have endeavo:ed to obtain reA
BILE statement resp citing the same but the accounts be
can so confused during the agency Of Mr. Vanderbilt,
that all the efforts Of the company TO extricate them from
that condition. have, far, been fruitless. We under
stard that the total amount paid into the companys
treasury during the whole OF the Vanderbilt agency, was
s4sodn GOOD deal has been raid and -rittsn about
Mr. VANDERBILT claim against the Traa. lt'a6sny,
we have published statements and unter statements In
relation to the matter and have endeavored to get at the
truth, amidst the OF conflicting testimony. We
have net done yet to entire satsfaction but we
daily becoming strengthened in the belief that Mr.
vand.r blt has claim against the COMPANY other than
that admitted The acknowledged amount Ct liabilities
existing account Of IL purchase Of steamships from
Mr.. Vanderbilt viii be paid promptly a. maturity and W
infer med that funds md ar an curt VI, alter
than the compaDys present or prospective nds ,eaness
hree payments On account the steamship Cortes have
We learn, been antcir led and large of money has
been oaoed oy treasurer of the company on good Sc
cures favorable having been obtained than
Of its bonds disposed to grant This certainly
looks Ike state of things very different f that hero
toforc represen and disposed to believe that
the condition Of the pany much better that gen
orally Understood.
Mr. Charles Morgan pied the gency OF the Noara
qua Transit Company the lat OF July last and the
cepts since that time have been ut the rats Of 50 900 900
per snnu and the expenses hiring the period have
been about forty per cent Of the gross income The
penditures for rent salaries OF clerks and officers
coups-J, &c, in this city do not exceed the Of
Sl3 COO per When the company have liquidsted
the bonds Mr. Vanderbilt the lst OF January
for $3.50 the money to DO which is have stated
above, In hand there will have been paid by the pre-
cent sgsnt than $4Co 900 from the profits Of the
paay the LIST Of July 1853 Indepen len OF this
we learn that stock Of coal sufficient for ton months
ha been laid In and the boats both the
Atlantic ard Pacific Oceans have been thoroughly
hauled and in most plste order This exhibit dit
frs materially from the results made during Mr.
yanderbilts administration The receipts which
wers previous to July last, great, II not
greater, Than those SINCE all used up
in current expenses The company received into
ts treaiury, from It's business during Mr. vanderbts
mana gemen but s45 600; whereas SINCE In period Of
less than six months tie net earnings reputea TO
have been upwards Of $500 0o BY the LIST January,
1854 the total net earnings OF the company will be-
cordipg to the estin ates full 100000 We understand
that the trip the steamship Cortes ON Gan Fraucisco
Juan del SUD- and the steamship Prtmetheus from
san Jusn del Nrs to New York. paid the company,
sud above all expenditures including commissions TO
agen.s than $50 600 Our authority fer this state
NEXT consider good and shall be governed By It unit,