The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-10

The stock market continues active, and prices
continue to advance the chief favorites of the day
being the Western railway shares Rock Island,
which closed yesterday afternoon at $50, sold this
morning at 69l, rose still higher afterward, and
closed at 692 bid Galena advanced Ii per cent,
and closed at $50 bid, against 65 at the close yes
terday. Toledo sold at 80, closing at 2s3 bid The
Michigan stocks and Illinois Central were steady.
New York Central was wanted ct small advances
it touched s0I in the morning, sfterward
fell back, then rallied, and closed at sOi
bid, against 79B yesterday. There are many
people who consider so about par for
Central, considering the risks of fresh competition
with the other trunk lines, and the certainty Of an
annual battle with the Legislature, while the same
people would not be surprised to see the Western
shares sell very much higher. They seem to think
that another good crop would enable the sound
Western companies to repeat the large dividends of
1855 and 1855, while regular dividend Of a per
cent is all that is expected of the Central. There
il certainly more room for speculation in the former
than in the latter, though the earnings of the
Central are likely to be large this sea-
son. Erie 1uctustsd between l93 and 20,
closing l9l bid. The principal feature Of the
morning board was an active demand for State
stocks at decline In quotations. Virginia is in the
market for new loan, and the consequence ia q
decline in the market price Of Virginia skies, with
which other State stocks sympathize. There was
fair inquiry for railway bonds, which were steady
The tendency 70 dulness in the money market
il likely TO induce moneyed men to direct more
attention to the State stock and bond list. This
afternoon the market was quite active, and stocks
closed firm at the following quotations: Virginia
6's, 90 q /; Missouri 6's, ssi q I; Canton, 2lA;
Cumberland Coal preferred. IA . Is; Pacific Mail,
1854 I; New York Central, 500 q; Erie, l9l
20; Hudson River, AZ I; Harlem, Is . !; do.
preferred, 3s2 80; Reading, 43i 1; Michigan Cen
trial, 49l . .; Michigan Southern and Northern
Indiana, l23 at; do. guaranteed, 24} 4; Panama,
lbA l4s; Illinois Central, 81 . 4; Gslena and
Chicago, 66i Al; Cleveland and Toledo, 2si q I;
Chicago and Rock Island, 69l s7o.
startling evidence OF the unsettled condition
Of afAirs In the republic Of Mexico ia presented by
an advertisement In the papers, Offering for SALE In
this city, at the Office Of A. Belmont Co., one of
the Oldest silver mines in that country. According
to the advertisement. the mines offered for sale are
the "6ilver Mines of the vets Grsnde," situated in
Zacatecas; they said TO have been In operation
upwards Of $50 years, and to have produced over
$500 900 Of silver, with net annual profits vary
ing from 100000 to 100000 under the old re-
gipe, when the country was quiet, and ranging
from $4,000 downward since the present civil
war and general disturbance began. These
mines are offered for sale at &750,0O0.
II Is likely that the very motive which induced
the proprietors of these mines TO offer them for
sale in this country win initiate against that sale
with equal force with our capitalists. So long a.
the present civil war In Mexico lasts the tempta.
ton viii need to be very strong to induce men Of
means to risk them In that country. Parties de-
sirous Of engaging in mining operations will prefer
the wsshoe mines Of California, or some other
mines within our own territory, to any mineral
property, however valuable or however renowned,
In Mexico, where bandits scour the country with
impunity, and each successive government seems
TO be composed Of mere highway robbers. Within
two weeks We have heard Of two conductds Of sill
ver-the one near Zscatecas, the other at the
city Of Mexico-being prevented from reaching the
seaboard-the former by highway robbers, the
other by the government Of Miramon.
The exchanges at the Bank Clearing House this
morning amounted to s23 ,759,6l7 81, and the ba-
lances to sl,l4l,H9 SO.
The Pacific Mail Steamship Company have de-
clared dividend Of ten per cent out of the profits
payable on and after the 18th inst
William 8. Thorne has been unanimously elected
President Of the National Fire Insurance Company.
Mr.. T. was formerly an experienced officer in the
jefferson Insurance Company, and is q son Of the
late President Of the National.
The following ia statement Of the movements
Of cotton for the past week, and since LIST septem-
Der last, compared with the FIVE preceding years.