The Sun.
London, England, 1853-03-12 00:00:00

MINING INTELLIGENCE.

(From the Mining Journal of thi, day.)
'This week has bees rather barren of mining news, but
the extent of general business reported last week has
been fully maintained, if not increased, by the appear.
ance of fresh buyers ; and although higher prices are
offered for stocks, there are few sellers to be found of
those most in demand—such as Basset, United, West
Providence, West Basset, Herodsfoot, and a few others
just coming into notice, and in which large purchases
have been made. Tresavean reached 2801., and after-
wards receded to 2501. No information has yet been
given as to the nature of the improvement ; but the
effect has been to cause an inquiry for the surrounding
mines—such as Trethellan, West Trethellan, and
Brewer. In Keswick shares a few transactions have
taken place at 41.'; but they have since advanced. This
company presents an instance of the strange anomalies
sometimes apparent in the value (in the market) of mining
property. Let a man well known in the market for his
capacity in " getting up" shares bring out a sett upon
which, perhaps, no lodes have been opened, and not
one penny spent, yet he will get his thousands pre-
mium, because the public, upon the faith of a pre _
sumed and often fictitious rise, scramble for the shares
at any price asked ; and thus in the fever of
gambling overlook legitimate speculations. Fo_
alin-
stance, the Keswick Company have a tract f
o with three
ground five miles long and three miles wide,
working,
after
promising mines about paying the cost of
20,0001. and upwards have been expended inth opening
them them and in erecting machinery ; and yet e shares,
1,200 in number, have been selling at 4/. (14/. discount),
and at little more than the value of the plant on the
mines. Unfortunately, the mines hitherto have not
been worked in the most judicious manner; and the
London direction, although composed of some of the
highest and most respectable men in the City, would be
none the worse for the infusion of a little more experience
in mining. One step, however, has been taken in the
right direction—three of our most eminent practical
miners have lately inspected and reported upon the
works ; and the latest (Capt. Puckeyi) gives some valuable
suggestions, which, if properly carried out, may render
the Keswick Mines among the most valuable in the
market.
The gold mining shares this week have shown a ten-
dency to recover from their late depression. Business
has slightly increased in extent, more especially on
Thursday and yesterday. The market closed last night
with a very firm appearanoe. The more favourable ac-
counts from Australia, and further arrivals of gold dust,
have materially tended to strengthen the market. The
chief inquiries have been for Colonial Gold, Nouveau
Monde, Anglo-Californian, Agua Fria, Great. N
Vein, Port Philip, British Australian, and Anglou-Agguest-
tralian. In the early part of the week Peel River shares
were in demand, but they have not been in so much
favour the last few days. Yesterday was the settling
day of the Adelaide Land and Gold Mining Comp
but the shares are not to be officially
marked. any,
In Miscellaneous Shares, there has been greater ani-
mation in this market, particularly for the shares of the
Australian Land Companies.
In the Bullion Market—Dollars,- 4i. llgd. per oz.
Bar silver, ss. 1 gd. per oz. standard, Bar gold,
per Oz.. ita.ndard.