The Sun.
London, England, 1853-08-20 00:00:00

MINING INTELLIGENCE.

(From the Mining Journal of this day.)
Nothing very remarkable has turned up this week in
the mining market, but a fair average amount of busi-
ness has been transacted in shares.

In the metal market, the advancing movement con-
tinues, particularly in tin and iron.—The annual sale of
Banca took place at Amsterdam on Wednesday, when
112,000 slabs sold at an average of 72 florins, which is
about 1251. per ton in the Thames ; this advance has
enlivened the market considerably. English tin and
plates are nominally as quoted, but owing to short stocks,
must, as we have before said, rise in value.—Copper
must also advance in price, unless a large and unex-
pected supply comes from abroad, of which at pre
sent there is no intelligence or likelihood.—Spelte
at Hamburgh is about 231., and here for the October
arrival 221., stock low in both places. The sale of
Staffordshire pig-iron during the past week has been very
extensive. Scotch pigs are 675. per cwt., although 703.
has been paid to effect large purchases. In Welsh bars
and rail iron an increased demand has sprung up from
America and the continent, so that makers have now
such an accumulation of orders on hand, they know not
when they will be able to execute them.
In the Bullion Market,—Mexican and South Ame-
rican dollars, ss. Ord. per oz. Bar silver, ss. lid. per
oz. standard. Bar silver holding 5 grs. gold, ss. lid.
per oz. stand. Bar gold, 775. 9d. per oz. stand. Spa-
nish doubloons, 78s. per oz. Columbian doubloons,
765. 6cl. per oz.
The gold mining shares this week have shown more
firmness ; business has, however, been far from active,
but there has been less disposition to press sales, and
prices of the leading stocks have slightly rallied. There
is, however, scarcely any real improvement of tone in
this market, which is almost devoid of speculative move-
ment. On Monday, a marked decline was observed in
the Australian descriptions ; this was attributed to the
discouraging reports put forward by the Sydney jour-
nalists, though at the same time most encouraging ac-
counts were received by the Colonial Gold and Port Philip
Companies from the neighbouring colony. On Tues-
day there was a marked improvement, Agua Frias and
Anglo-Californians being most in favour. On Wednes-
day and Thursday speculation was more rife ; but on
the whole, up to the close of yesterday evening, the mar-
ket cannot be said to be characterised with any activity.
The arrivals of gold this week have been very consider-
able ; the Bella, from Pernambuco, has brought about
80,0001. worth, saved from the Condor, burnt at sea ;
the Washington Irving, 15,000 ounces, value 60,0001. ;
the Shakamaxon, 14,108 ozs., value 56,4321. ; the Henry
Tanner, 16,840 ozs., value 65,360/. ; the Maid of
Auckland, 21,060 ozs., value 84,000/. ; the Tamar,
10,952 ozs., value 43,8081. ; the Harbinger, 113,571
ozs., value 454,0001. Further sums have come over
in private hands, but their value cannot be accurately
ascertained. Gold continues to be sent to the continent
although the Australian imports of the week are not yet
generally deliverable. Some 9,000 or 10,000 ozs, of the
cargo of the Shackamaxon are in course of dispatch to
the Kentish ports. In Miscellaneous Shares the market
has been firm.