The Sun.
London, England, 1853-09-24 00:00:00

AUSTRIA.

A reduction of the army has been resolved upon.
On the Ist of October the companies of infantry
are to be reduced, some from 180 to 120 men, and
others from 120 to 100 men. The regiments from
the military frontier, now stationed in Italy, have
been ordered back to their cantonments. These
measures will effect a saving of from 15,000,000 to
16,000,000 florins.

The Duke of Cambridge has arrived at Olmutz.
The greatest enthusiasm prevails at Vienna. The
crown of St. Stephen, escorted by a large number
of Hungarian magnates, has reached the capital.
The escort is headed by the Archduke Albert.
The Emperor is expected to return from Olmutz
in the course of the day to receive the crown and
the deputation.
A letter from Berlin, of the 19th, states that
M. de Budberg, the Russian ambassador, had
started for Warsaw to meet the Emperor Nicholas.

STATE 07 THE WOOLLEN TRADE.

(Front the Leeds Mercury of this day.)

LEEDS, Sept. 23.—The increased uncertainty and
danger which again overhangs our foreign relations, the
continued advance in the price of corn, and a pretty
general opinion that a reaction in the high state of pros-
perity we have so long enjoyed is near at hand, are
having their combined influence on the woollen trade,
and have to a considerable extent checked the business of
the week. On Saturday the markets were of a moderate
character, but the transactions of the day were on the
whole, we think, below the average of what has been
done lately. On Tuesday, in both the cloth halls the
market was very flat and quiet, and only a limited quan-
tity of cloth changed hands. The stock of heavy goods,
such as pilots, beavers, sze., is beginning to accumulate,
but as most of the broadcloth manufacturers are at pre-
sent mainly engaged in working to order, there is not
any sensible difference in the quantity of cloth in the
coloured market. There has been during the week a
strong disposition to press the sale of certain descrip-
tions of cloths through the medium of the "hawkers,"
and lower prices have been generally the rule fur goods
sold in this way. The trade in the warehouses has
sympathised with the general feeling. There have
been very few buyers in the town during the week
until yesterday, when a few made their appearance, but
they are purchasing with great care ; on the whole, the
business of this week may be reported as flat and dull
for the home trade. The shipping houses are at pre-
sent quiet. The advices that have been received from Aus-
tralia this week inform us that the supply of goods is, at
the present rate of consumption, much in excess of the
demand. This intelligence will most probably have the
effect of causing shippers to this colony to suspend their
shipments, or at least to be very careful for some time
to come in what they do send ; hence we may expect
considerable less to be done in this branch of the trade
until further advices are received.

HUDDERSFIELD.-Our market has been dull again—
every body having been much more disposed than they
have been lately to buy only for their immediate wants.
And now that the tendency is this way, it is probable
we shall have a succession of flat markets for some time
to come.

ROCIIDALE.—The demand for coarse goods continues
very good, and, at present, the supply is far from being
equal to the demand. The wool market has undergone
no change since the previous Monday. Fine wools are
full as easy to buy, but English wool of an inferior
quality is scarce, and better prices may be obtained.
HOSIERY TRADE OF LEICESTER,—Our season' business
is set in with every prospect of its healthy continuance.
Yarns and wool fully mainta;n their price, notwithstand-
ing the advanced rate of discount, and the uncertainty
of eastern politics.

MINING INTELLIGENCE.

(From the Mining Journal of this day.)

Mining shares, unlike other kinds of stock, have been
in good demand this week, and some large buying
orders have thrown more activity into the market than
we have had to report for many weeks. The mines
generally are looking well, and there is a fair prospect
of an increase in the price of metals, more than corre-
sponding, we hope, with the increase in wages and ma-
terials. Lead has already advanced, and many of the
miners are getting 1/. to 1/. 10s. per ton more for their
ores than they did a month ago. As showing the in-
fluence of the late fall in lead, it was explained that
the ores sold during the last quarter (one hundred and
sixty tons) had realised between 4/. and 51. per
ton less than the ores sold the previous quarter ;
so that the profits were less by nearly 8001. than they
would otherwise have been in this quarter. The pre-
sent rise, however, will enable the miner to realise a
much larger profit dining the next quarter. At the
North Towy meeting a call of 2s. per share was made,
to erect a steam engine immediately. The agent re-
ported that the mine was looking well, and that during
the past month 8 tons of lead had been raised from the
branch in the shallow adit. In the deep adit, the level
had been driven on 5 fms., yielding 1 ton per fin. ; the
bottom of this level being worth 2 tons per fm. The
ore on the mine was estimated at 20 tons.

The total quarterly sales of copper ore, ending with
that of the 30th inst., compared with the preceding
quarter, show a falling off in quantity of no less than
5,949 tons—notwithstanding that of foreign ore there
has been an increase of 1,645 tons. Of foreign ores the
quantity is 10,089 tons, against 8,444; and at the ticket-
ings in Cornwall only 42,736 against 50,330 tons. Under
such circumstances, our mining friends may reasonably
look for a better price for copper ores. In fact, the
present high rate of labour, and enhanced price of
all mining materials, prove the necessity of their
receiving a higher rate for their produce. The miner is,
in fact, reaping but slight advantages at present, not-
withstanding the apparently high standard for copper
ore and black tin. Emigration has been of late on the
increase, and labourers are in some districts becoming
scarce. We know several mines wherein there is good
tribute ground idle, for want of men to work the pitches :
this accounts for the quantity of ore being on the de-
crease.

In the Metal Market, there has been during the week
very large transactions.—Lead and Copper are on the
advance.—Banca and English Tin in good demand, the
stocks reducing very fast, so that higher rates are confi-
dently expected ; the same may be said with regard to
Tin-Plates and Spelter ; of the latter, the quantity on
hand in England and India is less than it has been for
nearly four years.—Staffordshire manufactured Iron has
risen 1/. per ton, and Pig-Iron from thence is increased
in value, owing to the large demand for it.—Scotch-Pig
realises 31. 3s. 6d. for mixed numbers ; the quantity ex-
porting to America still continues to be enormous.

The gold mining shares have been almost totally neg-
lected, with the exception, however, of Agua. Fria and
Nouveau Monde, for which there was, in the middle of
the week, some enquiry. With the subsequent fall in
the funds, this market has assumed a flat appearance,
but it is noticed that the decline in prices is not
by any means so marked as in the other depart-
ments of the house. Yesterday evening, however,
the market closed with a depressed appearance. In
general, however, it may be remarked, that prices
of the more accredited stocks gave way but
slowly, while shares in the less favourable adventures
are scarcely saleable at a heavy discount. In the
course of the week, the facts relating to the discovery of
gold in Queen Charlotte's Island have been printed in a
Parliamentary paper : it appears that three years since
the Governor of Vancouver's Island dispatched some
rich specimens of gold home (which he had obtained from
the Indians who inhabited it), about the end of the year
1850. Subsequently, the Hudson's Bay Company sent
one of their vessels to the island, where a rich vein of
gold was found, averaging 61 inches in width, bedded
in quartz, running 80 ft. parallel with the coast, and
thence taking a direction towards the interior of the
country. This was worked for several days, and some
of the specimens produced yielded 25 per cent. of
pure gold. The Indians, however, interrupted the
miners in their operations, by seizing the gold as soon
as it was broken down, and this so discouraged the men
that they refused to work unless allowed to fire upon
the marauders. The commander of the vessel was then
obliged to retire : a number of Americans from Cali-
fornia and Oregon then arrived, but the hostile appear-
ance of the natives deterred them from commencing
operations. Subsequently the British Government or-
dered H.B.M. ship Thetis to asssert the sovereignty of
the Imperial Government of the island in question; and
with consent of the natives, the Recovery, a brig be-
longing to the Hudson's Bay Company, took posses-
sion of the vein, unmolested by them. It would ap-
pear from the survey that, though extensive beds of
quartz were discoverea, there was but little surfttce gold ;
and it was anticipated a rich harvest could be obtained
from working the auriferous quartz ; it was further
stated that the blasting was so unremunerative, as to
cause several men to desert. The Governor had issued
a proclamation, stating licenses would be granted, simi-
lar to those in Australia, with the exception that the fee
would be fixed at 10s., instead of 305., per month, on
account of the true beds not being known. The Colo-
nial-office have declined to accede to an application from
certain parties for a lease of mining land in the island,
In the present state of the money market, however flat-
tering the prospects may be, even although based upon
a solid foundation, there would be found great difficulty
in obtaining the capital for working any gold deposits,
however well authenticated they may be ; and until cer-
tain results come to hand from the scene of operations
in California and Australia, all attempts to form a com-
pany will be futile.