The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-06-05

hajdsn Of ~ guaranteed stock Ghoulj o6stsst
Of this nature arise, several years would probably
elApss before . final 6scsioa could be reached
during which he second mortgage bopdbolden
would receive no income. Whether this c0urse
would suit them better than some other, by which
the rights Of al parties in interest would be pro
tected, it remains for them to decide. All classes
Of bonds were strong to-day. and there was large
business done in State stocks We note q sale of
Artisans Bank stock at San advance. In the
afternoon the market was rather lower, and stocks
closed dun at the following quotations Virginia
s's ssa .; Nissoun 6's s4i d Tsnpessess, 3d. I;
Canton, 2Ol Az; Cumberland Coal preferred, 10 q
IA; Pacific Mail, OH Q I; New York Central, s9a .
!; Erie, 81 1; Hudson River, 4sl 40; Harlem, Iii
q lsl; do preferred. as3 40; Reading, AZ . 4;
Michigan Central, b2s SO; Michigan Southern and
Northern Ineisna, l23 4; do guaranteed, 24l . I;
Psnams, 1854 !; Illinois Central, 63A Il; GalsDs
and Chicsgo, $50 . 81; Cleveland and Toledo, 29I
80; Chicago and Rock Ialand, Tot at.
Ameetipg Of brokers was held this afternoon in
the rooms Of the Stock Exchange. for the purpose
Of taking measures for the establishment Of Min
ing Board. Eloquent speeches were made BY Col
Stebbins, Messrs. Ashley, Cutting, Graham and
pshCiS, huu a popcA Woe uSoWu w o1o nA8 oSNt S~D
shutting the signers Mining Board 1t was ct frs
understood that every one who was present, and
the members Of the Board Of Brokers. should be
entitled to membership in the new Mining Board
on payment of the usual fees, without any ballot;
but after some debate the meeting adjourned over
to Wednesday, . committee having been appointed
to draft basis of operstion. Il 10 probable that
some technical difficulties which have arisen win be
smoothed over by that time. The members Of the
committee are Messrs Talmadge, Htebbins, Ashley
Cutting and Wainwright
This movement il one which, under proper d.
rection, viii prove useful and beneficial alike 70
the brokers and to mining interests. The danger
which the new mining board must avoid Is treadine
too closely I'm the steps Of the old mining board OF
1854, which, % many remember, died unrogretted
within couple of years of its establishment, having
cut itself aloof from the really great mining enter
prises Of the country, and devoted its attention to
mines which only existed on paper, or which never
had been and never could be otherwise than ruin
Gus to all parties concerned. If the new mining
board WIN establish rigorous rule for the exclu-
sion of fraudulent and sham stocks; if they wiz De-
vote their attention to the really great mining in
terests of the Countrywide Lake Superior copper
mines, TIC IenusyI buh COoA ouu VIC w nSoon
sin lead, the California gold and silver, and such
other good mines as are known or may hereafter be
discovered-it will render good service, and will
be welcomed alike by the public and all true mi
ners. As Mr.. Ashley remarked, 80 mining
fever has hitherto been an event which
assisted sharpers in disposing Of bogus
stocks to the publc;" II the new board will pre-
vent this in future, II will prevent much mischief
and be q useful institution. In the course Of his
speech Mr.. Ashley gave the statistics of the two
leading Lake Superior mines
BY the arrival Of the Nova Scotian at Farther
Point, we have further news from Europe, oil Of
which is commercially favorable. The funds are
reported higher; wheat is firm; cotton unchanged.
The Bank Of England, as was expected, has re-
duced the rate Of interest to 4 per cent
A few more reports of earnings on the Western
railways for May have come to hand, and we com
mence our usual table -