The Sun.
London, England, 1853-01-15 00:00:00

MINING INTELLIGENCE:

(From the Mining Journal of this c 14.)
MINES.—There has been considerable business done
in the Share Market during the week. Devon Consols
have risen to 4051. and 4101. ' • Condurrov;, from 1051.
to 115/. Herodsfoot, to Si. 10s ; South Tolgus, from
1951. to 2151. ; Tamar Consols, from 51. 10a. to Si. 15s. ;
Trehane, from 151. to 231., and in great demand ; West
Caradon, from 2201. to 2451. ; West Providence, from
531. 10s. to 551. 10s. A great many shares have changed
hands in Par Consols, Alfred Consols, Bedford United,
Gonamena, South Tamar, and Wheal Golden, at the
prices quoted. Balnoon, Boscean, Cubert, East,Crown-
dale North Damsel, Wheal Augusta, Craddock Moor,
Wheal Carpenter (Gwinear), Great Sheba, and Hennock,
have been done at an advance, and buyers still in the
market. Mendip Hills, North Buller, St. Day United,
West Ding Doug, Langford, Robins, Clive, Treworlis
and Trenethick, West Phoenix, and Fast Russell, are in
demand.
In the metal market, notwithstanding the late ad-
vance in copper and lead, both are in such extensive
demand, that higher rates are expected. Tin is steady,
and a large business doing. Plates are steady, and
charcoal in extensive request. Spelter is firm at 201.
los. ; large lots have gone off to consumers. Rails and
bar-iron are without any alteration, and makers cannot
execute orders as fast as they are required. Scotch pig
is a shade easier.
Three meetings of the iron and coal masters of Staf-
fordshire and Shropshire have been held this week, each,..
exciting more than ordinary interest. Thefirstwhlch
was held at Walsall, on Tuesday, was thinly attended,
and very little business was transacted. The meeting
at Liverpool was numerously attended, and it was said
that some large orders were withheld in consequence the
high price declared at the preliminary meeting. The meet-
ing at the Town-hall, in Birmingham, was still more impor-
• tant. The principals of all the leading firms in the district
were in attendance, and most of the large houses in London,
Liverpool, and towns interested in the trade, were repre-
sented. Before business commenced, a rumour was pre-
valent that an advance of 20s. per ton was contemplated ;
but, on the arrival of the leading members of the trade,
it became known that it was not intended to make any
advance, but that the prices decided upon last week
would be firmly maintained. The meeting may be fairly
described as rather excited ; the masters determined on
retaining the prices, and the buyers anxious to effect a
reduction ; 101. 15s. were offered in several instances for
bars, but there was not a ton sold for less than 11/., re-
gardless of quality.
It has been announced that one of the largest houses
in the copper trade has issued notice of an advance of Si.
per ton on this article, and if the circulars have not ac-
tually been issued, a rise to the above extent will cer-
tainly take place.
At a meeting of the Northern coal trade, on Wed-
nesday, the colliery owners congratulated themselves on
its improved state, and decided that the price of best
coals should be raised from 225. 6d. to 245. per ton, and
other descriptions proportionately. The Marquis of
Londonderry expressed himself as desirous of co-operat-
ing with his fellow-proprietors in maintaining their re-
solutions.
In the Bullion market—Bar silver containing gold,
all gold above five grains in the pound to be paid for at
ss. lid. per oz. siandard ; bar silver without gold,
ss. lid. per oz. standard; bar gold, 775. 9d. per oz.
standard.

The sale of copper ore at Thursday's Ticketing was
3,262 tons, amounting to 24.575/. 65., the average pro-
duce and standard being 64, 152/. ss. The correspond-
ing sale last month was 3,833 tons, produce 64, 1341. 65.,
showing an advance of 191., equal to IL ss. per ton on
the ore. •
Rendre, Deep Level, Merllyn, Talacre, Rollaway,
Plantation, Bwlch Gwyn, Tamar, Shallee, and Gurtna;
dyne, have sold lead ores during the week.
Porkellis, Drake Walls, Georgia, Bosorn, Wheal
Augusta, 'and Spearne Consols, have sold black tin.
Messrs. Poweles Brothers, and Co., have received
from New Granada 105 cwts. of rich silver ore, mint-
sweepings, cupel stuff, concentrated slag, &c., that has
realised a large price per ton, as will be seen in the usual
Place.

Drake Walls sold, during the week, 18 tons of black
tin for 1,2371.—0ne parcel of 64 tons realising 701. per
ton, the highest price obtained for many years.
At Lewis Mines, they sampled this week 19 tons of
black tin. The lode in the 70, east of Praed's is 2i ft.
Wide, worth 131. per fm.
At Bosom Mine, they sold black tin, within the last
10 days, amounting to 2161. 45. 6d.; the better quality
realising 641. per ton. The mine is looking exceedingly
well. There is a fine course of tin in the bottom level—
all'in whole ground.
Sidney Godolphin sold, last week, by ticket, tinstuff
to the amount of 2611. 12s. 2d.—one month's produce.
Within the past few days the bottom levels have greatly
improved, as well as the adit end, driving on a copper
lode.

The Tamar Mines monthly sampling of 92 tons of
silver-lead ore, was sold on Tuesday to Messrs. Sims,
Willyams and Co., at 221. 7s. 6d., which will give a
profit of about 6001. on the December workings.
We understand that the directors of the West Gra-
nada, or Veraguas, Gold Mining Company, have en-
gaged their superintendent and miners, and are busy in
securing mechanics—all o: whom, with the stamps and
requisite machinery, will L 3 on their way to the property
in a week or two. It will be remembered that Mr.
Champion, the late manager of the St. John del Rey
Mines, which are paying dividends to the extent of
50,000/. per annum, returned about two months
ago from making an inspection of the Veraguas
Mines--of which he reported in the strongest pos-
sible manner ; while his well-known practical abilities,
and strict impartiality, caused more than ordinary im-
portance to be attached to his repot:. The property is
extensive, and the veins large. There is ample water-
power, rendering expensive machinery unnecessary, with
abundance of timber ; and native labour is cheap and
plentiful. A large quantity of samples, taken promis-
cuously, were broken and sent home by Mr. Champion
under his special care ; and the results prove most satis-
factory. The average result of the ore taken from the
surface, and from the principal lode, is worth 191. 14s.
per ton ; the former by itself worth 51. 10s. per ton,
and the latter 231. Us. 10d. per ton. The deepest
sample taken is the richest for gold. Comparing this
with other companies, it is found that the quartz of the
St. John del Roy is worth only 11. 10s. per ton, and
that of the Mariquita only 1/. 12s. per ton. Mr.
Champion estimates that, aster payment of the
machinery, Sr,c., there will be a profit the first
18 months of 56,2131., which will be considerably larger
after that time. He considers the working of these
veins " a most promising undertali:ng ; and he grounds
his opinion "upon the richness of the ore, the facility of
Working it by means of water-power, the abundance of
excellent timber, and ample supply of native labour at
moderate rates."
A. very large amount of busine:A has been done this
Week in the shares of the No- .h British Australasian
Company, although the price been lower than it was
at the end of last week. We understand that the sum
of 7,000/, was sent out by the second of the new line of
steamers, as a commencement for the purchase of gold,
and that advices were received some time ago from the
manage; to the effect that he expected to pay off all the
liabilities in the colony by the end of December last,
without disposing of any of the company's property.
Our expressed opinions of the Kaw-aw Copper Mines,
Possessed by this company has frequently and always been
extremely favourable, and we aro now more than ever
convinced of their very great value. By the directors'
report, it appears that the sum of 40,0001. has been
realised from the copper ore, although the workings are
only about 24 fathoms deep from surface, and all the
machinery in use is an old 14-inch cylinder steam-engine.
The mines are situate close to the sea, and where large
ships can anchor, so that there is no expense of land
carriage. Furnaces for reducing the ore to regulus are
in operation, so that when a powerful pumping-engine
is erected, we anticipate results scarcely exceeded by
even the Burra, Burra itself. This company also holdsy
a third of the Bon Accord mine, adjoining
The whole
the Burra
Burra, and said to be on the same lodes
possessions of the company, in the
`Australian`Australiancolonies
are about 450,000 acres, a large proportion ofwhich
in the neighbourhood of the Australian Agricultural
is
Company's Property. A Charter of gricultural
Incorporation is
about to be granted, and we
buenadpeprsetaiintded.a Loendon
board of directors will shortly
add that the company was established in Aberdeemany 1839, and that the capital is 123,0001., in shares ofnli/
each, fully paid-up.
The
allottedsha on Thursda es in the Adelaide Land
and Gold Company
Were y. The applications had been
exceedingly numerous, and more than usually respecta-
ble. The shares bear a premium of from to
The committee of the Stock Exchange have appointed
Monday next as settling-day in the West Granada, or
Veraguas, Mining Company, and the 20th as the Nog.
get Vein Company. Both companies are to be marked
in the official list.

We are glad to find that all the men sent out by the
Port Philip and Colonial Gold Company from Cumber-
land, have been faithful to their engagements, and their
conduct generally very satisfactory.
At Swansea, there has anived—From Caldera, 400
tons of silver ore ; from Arica, 286 tons of copper ore
and 80 tons of tin ore ; from Coquimbo, 430 tons of
Copper ore, 50 tons of copper regulus, and 20 tons of
Copper.

The gold mining share market this week has been
characterised by great depression ; indeed, a complete
reaction would appear to have set in. The premiums
on many descriptions are vanishing with almost as much
rapidity as they were established—sellers offering very
freely, whilst the downward tenden is further assisted
by " bear " operations. The cause cy
of this re-action is
to be found in the highly speculative character of this
market, which induces operators to dispose of their
Shares whenever the other departments of the Stack
Exchange are unfavourably affected. The desertion
of the labourers of the Australian Auriferous
Ore
the Reduction Company, detailed by Mr. Webb,
managing director of that company, has had
an unfavourable effect, though we are informed by
Mr. Cox, the agent at Melbourne of the Central
Australian Gold Mining Company, that the labour mar-
ket is in course of settlement. The Australian Mutual
Mining Company have likewise their labourers employ-
ed, but this, it must be remembered, is not in Victoria,
but in New Sbuth Wales. It was anticipated that the
arrival of the Australian mail steamer would have had a
favourable effect on this branch OF investment, but the
contrary has been the case. Although several of the
companies have realised large profits by the purchase of
gold dust, yet this is looked upon with distate, as being
somewhat out of the sphere of their legitimate opera-
tions. The directors of the New Granada Company
have received advices from their agents, informing them
of a provisional contract for the purchase of the
Frontino Gold Mine, near Antioquia. The Australian
Freehold Company have received 2,897 oz, of gold from

Syhey. A. company is about to be formed under the
superintendence of Mr. Percival N. Johnson for the re-
duction of ores—the Australian and Californian quartz
forming a portion of the company's operations. Such a
desideratum has long been wanted, and from the high
character of the manager, there can be but little doubt
of the utility of the scheme, and the bona fides of tho
undertaking. The non-official are—Monarch, a to I
prem. ; L'Aigle d'Or, par to prem. ; Garnett and
Moseley, par to prem. ; Australian Consols, to
a prem. ; Burn's Creek, par to prem. ; Peel River,
91 to 101 ; Adelaide, par to prem.
STATE OF THE WOOLLEN TRADE.

(Front the Leeds Mercury of this day.)
The London market has been very firm, and the ex-
traordinary accounts from Australia about the yield at
the gold diggings, renders the securing of the gold clip
somewhat more problematical. The imports into Lon-
don since our last have been 2,050 bales, of which 1,082
were from Alexandria, 436 from the Cape of Good Hope,
381 from Bombay, 76 from Lisbon, 54 from Germany,
and the rest from New Zealand, &c.
In the foreign wool trade we have to report an active
demand for most descriptions of foreign and colonial
wool this week, recent rates being firmly maintained.
In the English wool market there is no change of
moment to report this week. Last week's prices are
fully maintained, with an upward tendency.
In the Liverpool wool market yesterday there was a
very active demand for all kinds of wool, at higher
prices. Imports for the past week :-7 bales from
Marseilles, 167 bales from Buenos Ayres, 56 bales
Egyptian, 136 bales Lisbon, and 1,249 bales Alpaca.
With regard to woollen cloths, we had some little im-
provement in business at our Cloth-halls on Tuesday,
compared with the last few market days, and there con-
tinues to he more business doing than usual at this sea-
son out of the halls. Prices remain firm, with an up-
ward tendency. The mills are in pretty full employ-
ment; and stocks very low, compared with what they
generally are at this period. The trade, from these
causes, is considered encouraging for the spring trade.
Few buyers have been in the town, as usual, at this sea-
son of stock-taking, and, in consequence, business has
been dull in the warehouses since this day week.
The Rochdale flannel and wool market was but thinly
attended this week, and a very limited amount of busi-
ness has been transacted. This is generally the case
from Christmas-day to the new market, which is held
next Monday. Wool continues to be a little firmer, and
English wool to be more scarce.
In the Bradford worsted market there is great uncer-
tainty hanging over the prospects of the trade, arising
from apprehens'ons of an inadequate supply of the raw
material. Though many firms have laid in well before-
hand, the bulk of spinners and manufacturers buy only
for immediate consumption, and with them it is very
difficult, many say impossible, to obtain a remunerative
price, for no sooner is an advance obtained for pieces
and yarns, than it is followed by an increase in price of
wools. The inconvenience arises mainly from the rapid
extension of our manufacturing operations rendering the
supply of the raw material insufficient. A fair amount
of business was done in pieces ; yarns were firm, those
for Cobourgs being in chief demand.
With respect to the hosiery trade of Leicester and
NoWngham, the market is not yet moved for the new
year. Several manufacturers are curtailing their
make, the high price of yarns affecting the production,
and the open weather has put a stop to the fancy trade.
Wools have again risen in value, and worsted spinners
are asking for an advance of id. per lb. this week.