The Sun.
London, England, 1854-05-15 00:00:00

MINING INTELLIGENCE.

(Front the Mining Journal of Saturday.)
The price of metals keeps up, and there is every prospect
ofia greater rise, at least in copper ; and when it is considered
that numbers of speculative mines have stopped, and many
others, owing to the inability or disinclination of shareholders
to'pay continued calls, have been curtailed in their operations,
Latour and materials must be cheaper, and so add to the
prbfits of the paying mines. Still there is a great stagnation
iu the English Share Market ; and when several parties are
eager to sell, it generally happens few are anxious to buy, and
so 'a general decline in price takes place. This, which is true
to .a great extent even in regard to the funds, and other de-
scriptions of stock, is so in a tenfold degree with a property so
purely speculative as mining. In the absence of business, also
the most extraordinary reports get in circulation, and in a few
hours shares become depreciated cent. per cent. This week
West Providence have fallen to 16/.105., whilst three months
agO, we are informed, parties connected with the management
were buying at 351. The actual cause of the fall at present is
only conjectural; but it appears that, from a breakage iu the
machinery, the dressing of tin was delayed three weeks, and
consequently there will not be any dividend at the meeting.
The resignation of the purser at such a time has been the
subject of much comment, but we understand it is not the
intention of the shareholders to let it pass over without the
fullest investigation and inquiry by disinterested parties.
Among foreign mines, the reports from San Fernando are of
the most encouraging nature, one or two important discove-
ries having taken place. In the 60 yard level, east of San
Marguerite, the lode is yielding 10 tons of lead ore per fm. At 20
San'Enrique, the lode in the shaft is worth 2 tons per fm. In 10
the SO fm. level east the lode is worth 4 tons fin. ;in the 80 St.
west the lode is worth 5 tons per fm. A rise yielding 20 tons 25
per fm. Previous to this discovery the shares were paying 12 25
per cent. per annum from profits. St.
The Gold Mining Share Market this week has been almost
totally devoid of interest, and in such discredit has this des-
cription of stock fallen, that even the shares in the best com-
panies are but slightly in demand. Nouveau Mondes have
fallen considerably, and the only stock that maintain any 10
firmness are the Agua Fria, Quartz Rock, and Anglo-Califor- 5
nian. The total amount of gold dust shipped from California 20
during the first three months of the current year amounted 20
to $10,670,120. It is the intention of the people of Mari-
posa County to form a canal, so that the mines can ...
always be supplied with water. From the accounts 20
received, elsewhere published, it will be seen that 173
the Quartz Rock and Anglo-Californian Companies are steadily 20
progressing. The latest accounts from Australia state that 20
richer gold fields have been discovered in that colony ; a 20
box of specimens, showing the character of the lode, has been 20
forwarded by Captain Bell, the superintendent of the Anglo- 5
Australian Gold Mining Company, to the offices, Essex-street, 20
Strand. The machinery is in course of erection, and, judging 25
from the character of the lode, as soon as the power of reduc- 100
tion is brought into play returns will be made. The arrivals 100
of bullion this week have been restricted. The Kate has 20
brought 16,175 ozs., of the value of 65,000/. 20A

BRITISH AND NEUTRAL' TRADERS IN 120
THE BALTIC. Ex)

The followang extract of a letter from the German port of
Rostock, dated the 6th inst., furnishes some useful details 21
regarding the probable position both of British and neutral 1(
traders in the Baltic, when the expected declaration of block-
ado shall have been made against St. Petersburg and Riga : 11(
" Some 60 ships had got into Riga, and were loading dif- 2(
ferent articles ; freights very high-10s. 6d. per quarter to 2(
the Firth for oats, and 10/. per ton for flax to Dundee. The 2C
Riga merchants do not know whether they are under 3:1
blockade or not; three English vessels of war were seen off 10
the port, but they allowed three vessels to wind their way 20
and enter the harbour. From what I can learn from good au- 20
thority, the blockade will not be strictly enforced until after
the 15th inst., when it will be carried out with all possible 20
rigour, so that the ports not impeded with ice will have a fair 16
chance to get off some, if not all, of their stocks ready for ehip-
ment. Those who have stuff at St. Petersburg will, however, 20
stand but a poor chance, and many innocent persons, both Bri- 10
tish subjects and those of neutral States, particularly in Hol- 20
land, will be ruined, which is very hard, considering that most 40
of their purchases were made in autumn or early in winter,when 10
it was never supposed that war between Fiance, England, and 20
Russia would actually ensue, and the British Ministers them- 20
selves, if their statements be true, did not anticipate it would 20
come to extremes. As an illustration of the extent of these
transactions, I may mention this place (Rostock), which, 20
though but a small port, is interested to the amount of some 20
30,000 quarters of rye, oats, and wheat, upon which advances 5 I
have been paid, varying from one-third to one-half the amount. 20
Thus, if our merchants cannot get away their stuff, which they
have hitherto been prevented from doing by ice, and after the 2.0
15th will be prevented by the blockade, the Russians will 20
pocket the amount—viz., about 40,006/. Hence, instead of
doing the Russians harm by strictly blockading St. Peters- gi
burg, they will be benefited. I think that the allied Powers 10
ought to make arrangements for granting letters of li cenes 20
to those parties who bought and partly paid for their 10
goods on or before a certain period, which might be 20
proved by the letters of purchase, their books, and corre- 20
spondence, to be produced and sworn to before the magis-
trates of the place, and testified by the resident English and
French Consuls. This would be a boon to neutral nations,
and do no harm to the British or French Government, and
no good to the Russian. It is possible that the Emperor of 5
Russia might prevent ships and goods passing in and out, in 25
order that the state of his fortresses, &c., might not be made 20
public by captains. If so, that would be tantamount to a 10
prohibition of exports, which would release the contracting 10
parties of their contracts, and the sellers would have to re- 50
fund the amount they have received in advance. Thus none 5
but the Russians would suffer, and the buyers (British and
subjects of neutral States) would lose nothing but the in- 100
terest."
5

ODESSI.—The mercantile letters from Odessa reach 24
0
to the Ist of May. The inhabitants were beginning to 25
return to the town, and the shops and places of business 25
were opening again. With the exception, however, of a 1
few additional vessels having been chartered to proceed 15
to the mouth of the Dnieper for carves of seed, there 20
had been scarcely any resumption of business. The bank 20
had removed some distance from the town. 20
[ADVERTISEMENT.]—The Earl of Aldborough and 1
Holloway's Pills.—An astounding cure by this rniracu- 10
lous medicine after every other means had failed. See 2
extract from his lordship's letter, dated "Villa Messina, 1
Leghorn, Feb. 21, 1845. To Professor Holloway. 1
Sir—l beg to acquaint you that your pills have effected 20
a cure of a disorder in my liver and stomach, which all 5
the most eminent of the faculty at home and all over the ~5?
Continent had not been able to effect—nay, not even the °,t;
waters of Carlsbad or Marienbad. (Signed) Ald-
borough." These wonderful
pills will cure any disorders `l'
of the liver or stomach.—Sold (also Holloway's oint- 25
ment) at Processor Holloway's Establishment, 244,
Strand, London, and by all medicine-venders through- 1
oat the world. 100

St.
10
St.
25