The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-11

Tie heavy movement Of produce would natural
| ly cause exchange on New York to decline in the
West but for the fact that the Western merchants
have been very free purchasers Of dry goods, gro
ceries, &C., In markets. As il is any advance
in breadstuffs will cause over supply of Eastern
bills at Chicago
| There was good deal of business on the Stock
Exchange to-day, though with less excitement, till
just at the close OF the day, than yesterday and
day before A good many spectators for the rise
in Galena and Rock Island must have realized their
profits, and the sales of New York Central were
likewise very large. Central sold freely at the
morning board at sol ; it declined afterwards to
s0i then rallied and closed at 500 bid, against
s0i bid at the close yesterday. Galena fell
back to &C, on the earnings for the past week. the
stock however recovered afterward, closing at 6Gi
bid, against &C, at the close yesterday. II way
hardly reasonable TO look for a large increase in
the earnings Of the Galena ii has long been known
that there is no corn on the road and 1t seems
doubtful, now whether the spring earnings will
be much better than those Of last year. Toledo
advanced to 3ll, closing at tina. bid. Rock Island
sold at 70 fell back to 69i, rallied, and closed at
7ol bid. The increase on this line will be very
large this month. Illinois Central jumped up to
G2a The other Western stocks were quiet. Pac
fc Mail fell of I on the dividend. State stocks,
though quiet, were rather higher, aud there was
more inquiry for railway bonds. The accounts
from the west with regard to the crop pros
poets continue 10 be satisfactory; wscon
| sin is the only State from which we
| hear complaints This afternoon the mar
ket was quite rampant, and stocks closed
firm. The advance OF the past few days has been
more rapid than operators generally expected,
and will probably be speedily followed by reac.
top. The recovery Of public confidence In West
ern shares must be gradual; II cannot come all az
once, and parties who expect that the rise will be
unchecked win not be the largest gainers. Each
rise Of two or three per cent will probably be fol-
lowed by reaction of half as much operators
should watch the tide as II GIBBS aud aows, and
operate accordingly. The following were the last
prices Of the day:-virginia 6's Oh 90; Missouri
6's, s3i 1; Canton, 2li; Cumberland Coal prefer
red, l4tai; Pacific Mail, lo6iaI; New York Cen
trail, sol Z; Erie, 2ol I; Hudson River, 42las;
Harlem, l2i q IS; Harlem preferred. 3sl 80; Rea-
| ding, 49, lat: Michigan Central, iolat; Michigan
Southern and Northern Indiana, l2l 10: Michigan
Southern AID Northern Indiana guaranteed, 25la5;
Panama, lea !; Illinois Central, 62laA; Galena
and Chicago, Gei a67; Cleveland and Toledo, 81
a 4; Chicago and Rock Island, 70ia1.
We have received the following letter.
To EbroR hEsstD.
Your remarks on the NstA Grsnde IN this
rge HKxAfn, DO tome njrs,se 10 the enterprise which
rsprttent ns much az only Interruption, AMI that
spted by NO Ices. has, IN snty i've ytars
With The uartIotaiicn OF silver from mines 10 tue
ccmi, While, curing that pcriot, hundred mil
ions fiCoct t0l IN silver dollars have been fafcly sent
iron Iscsecas 10 Europe and the United S;as Toe foI
losug return, received by 10 day from Mckee, does
not look &c boCgh The rcvolaonrnOus and deporA
as s-tsd eooe % much uis5hiCf mues as you
seem 10 imagine
T,fa Grand F;yn Quarts er 1890
Fay rolis O. The mines, thirteen weeks, ending
clti NeCh....s sac. 400
Pay rolls q the Htciendtr 60 n ,nehcio, quioksii-
yer ard other material uscd IN the extraction Of
the silver, and fregt, from tho mines 10 the 70.
Total voriirg sxpcrscs FOR the quarter 5000
Produots
$3.50 tors o. ere, yielding Jo-lC0 marks rer
tor-cqcA - II, ett nsfks, at % g0.,.,... ig esq
Net prOa' on TIE quarter ........... s;O,as2
The following shows tho condition Of the banks
Of the four fcading ues Of The Union. according
10 the late 81 weekly statements M b,,a.