The Sun.
London, England, 1853-06-11 00:00:00

MINING INTELLIGENCE.

(From the Mining Journal of this day.)
MINES.—The remarks we made in our last, upon the
advisability of purchasing shares, instead of selling, in
times of depression, appear to have had some influence
upon the market, and particularly with country specula-
tors, who have been large buyers this week ; and
although a good amount of business has been actually
transacted, and in many instances increased prices
offered, the demand for good dividend shares has been
greater than the supply. In young and " calling "
speculations, scarcely any buyers aro to be found. There
seems to be a general impression that we shall not have
a further decline in copper at present; lead is not so
firm.

In the metal market all is in active condition. Lead,
copper, and tin are increased demand and an extended
business transacting in plates ; the market may be gene-
rally stated as in a perfectly healthy condition. In
spelter an improved demand has arisen this week, and
I price firm at 221. per ton. Scotch pigs are 52s 3d per
ton cash, the export from Glasgow being enormous.
Rails have advanced, owing to the demand continuing
from America ; the quantity is estimated at 2,500,000
tons or more. Mauufacturc:d iron of all sorts maintains
its price, and a good business transacting.
In the Bullion Market, Mexican and South American
dollars, 4s llid per oz. Bar silver containing gold, all
gold above 5 grains in the pound to be paid for, 5s 11d.
per oz. standard. Bar silver without gold, 5s ld per
oz. standard. Bar gold 77s 9d per oz. standard. Spanish
doubloons 78s per oz. Columbian doubloons 77s per
oz. Fine silver cake, 5s 44d to 5s 4id per oz.
The gold mining share market, though marked occa-
sionally by a more favourable indication, has shown, on
the whole, a decidedly drooping tendency. There has
been a general absence of demand, and as speculative
sales of the higher-priced descript!ons have continued,
an unfavourable effect has naturally been produced upon
prices. Yesterday, a general fitness prevailed, in sym-
pathy with the depression in the other departments of the
Stock Exchange. On Monday the market was rather
better than in the preceding week—Agua Frias were ig
to 14 premium, and Anglo-cal'ibrn'an gto premium,
this last description of stock on that day having risen in
public estimation. On Tuesday the shares were better, but
at the close of the market considerable weakness was dis-
played. On Wednesday there was a marked decline in
Anglo-Australian shares ; West Granadas were in demand ;
and, on the whole, the market could be considered in a
more healthy state. Thursday, owing to the anxiety
expressed on the Turco-Russian question, the gold
mining share market participated in the general depres-
sion observable in all stock, and no improvement is as
yet perceptible.
In Miscellaneous Shares, the quotations of the Aus-
tralian Land and Banking Companies have shown an
improvement. Australian Agricultural were done at 61
to 63—being a rise of 6 to 8 on last week's prices.
South American Land and Van Diemen's Land were 1/.
per share higher ; whilst British American Land receded
21. Crystal Palace shares fluctuated during the week,
but closed at 3 prem.

THE WOOLLEN TRADE.

(From the Leeds Mercury of this day.)
The improved assortment of foreign and colonial
wools supplied from the recent London sales has caused
a little more activity in this market during the past week ;
and, as many buyers had been holding back until the result
of those sales were ascertained, transactions have been
more freely entered into, now that previous rates have been
fully established. The country manufacturers, however,
for the most part, although generally well employed and
without any great accumulation of stocks on their hands,
limit their purchases very much to the supply of their
immediate wants, and hence the business done in this
market, although of a healthy and unspeculative charac-
ter, is not marked at present by any great activity.
In the English wool market there has been very little
doing in sales this week.; prices are nominally the same
as last week.
In the Liverpool wool market the public sales of
Buenos Ayres, East India, and otherlow wools, have been
tolerably well attended. Competition has not been so
active as of late, and in some instances rather easier
prices have been submitted to.
The woollen cloth trade of Leeds continues about the
same as we reported last week. There has also been a
very limited business done in the Cloth-hall, and we do
not hear of any deliveries of goods, to any important
extent, direct to the warehouses. Medium and ladies'
cloths seemed to be the principal goods in demand in the
white market. There is not any material difference in
the quantity of stocks.
Tke London wool sales terminated on Tuesday
evening. The prices with which the sales opened have
been maintained throughout the series. On the last two
days there were several foreign buyers present, who
bought with spirit, and gave increased firmness to pre-
vious prices. The wool offered at these sales is generally
represented to be in very bad condition; a considerable
portion is in the grease, and a great deal is very burry.
Several persons who have attended the sales for many
years, represent the wool to be in the worst condition
tbey have seen any for a long time.
BRADFORD WORSTED MARKET.—As may be expected
at this season of the year, there is an increasing
dullness in the trade. Wool is firm in price, and
lower sorts have advanced ; there is less demand
for Orleans weft, and rather more for 46's and adjoining
numbers used in cobourgs. More inquiries are made
for worsteds in the Lancashire market ; a fair export
trade is done in twofold yarns from 20's to 40's, but
single yarns for the Continent are comparatively
dull. Everything used in the manufacture of a piece is
now very dear, and nothing but the absence of specula-
tion, and the conviction that this dearness results from
legitimate causes, warrants the confidence that prevails.
How far the increase in the price of wool threatened by
the exorbitant demands of the farmers will goon, is another
thing. Wool is within a trifle of reaching the highest
point it has reached for twenty-five years, and it is re-
latively higher to the prices of tops and yarns than has
been knows to obtaj before.