The Sun.
London, England, 1853-09-10 00:00:00

MINING INTELLIGENCE.

(From the Mining Journal of this day.) .
During the past week the mining market has been
a state of great depression. The uneasiness again 113,
in regard to the Eastern question, with the increasla:
value of money, appear for the time to have put a Et%
to all speculation. Mines, however, are not alone
their gloom ; all stocks have suffered more or less'
Alfred Consols and South Frances shares maintain their
prices and keep in moderate demand ; West ran
neetgo
are enquired after at 151. to 161. ; East Basset, 391'
401. ; Devon Consols, 4001. Enquiries have also been
made for North Towey, 15s. to 165., and South IV;
6s. to 10s. ; Pen-y-Gelli, 151. ; Garregs, 17s. 6d. ; I'l, •
pool, 71. 10d. to 8/. ; South Frances, 2501, to 2044.'1
Condurrow, 1401. ; East Rose, 951. to 1001. ; Alfr°u;
201. to 211. Many speculative and calling shares hoc
been offered ruinously low, without finding any bcerg.
At Michell, near Merllyn, a good discovery has weed
made, and a few inquiries for shares made, but nos e"g
at prices offered. Uny, 6/. 10s. to 71. ; Stray Park,
ant
In the Metal Market,—all continues in a buoy d•
state, and an immense business doing. Notwithstal.l„
ing the great rise last week in British and Foreign ti".„'
it has not yet seen its highest figure—as a proof, t 4).„";
siderable quantities of Banca have been taken for 11°':40-
consumption as high as 61. 2s. 6d. per cwt.) and,hvo
plates are up full 2s. per box ; our opinion has been rke
they will reach much higher rates ere long, the 13',
being nothing as compared with the consurnption•of
Copper continues in extraordinary request, and souie.s
the smelters decline orders at present quotations ;
of id. per lb. is not unlikely. Spelter is firm, at 'id" os'
and lead is in more demand than of late. The nest
trade is very lively in all its branches, and at the u_keed
quarterly meeting the manufuactured sorts are exPe`t,
to advance. Rails and bar are in increased requ'"
Scotch pigs have been done at 675., and but for I,at
transactions in the article, would beo
have sustained t-
price • they may be taken at 2s. less. Stocks, howl °r
are reduced to an enormous extent.
The gold mining share market this week has 13314110{
tamed a very inactive appearance ; in fact, pries re
-
many stocks, during the greater part of the time, ha
been little more than nominal. Generally the tentiell.ogd
of quotations has been drooping, and yesterday eveffilloo
prices closed flat, and at a reduction in most cases -hitt
those of last week. On Monday, prices were someli,st
better maintained, and although they closed firmer, Jost
on the following day the quotations were altathe
nominal ; and the same unfavourable feature ruled s
market on Wednesday, while on Thursday there Wye
marked indisposition to sell, which in nearly every 0,
caused a decided downward tendency, and up to YeSt
day evening there was no rally. The Barrackpore hasmo-j,
rived from Australia with 51,0000 z. ofgold, value 204",4
Some new gold mines have been discoVered°t
nity of Santa Cruz, not far from Monterey jean° ia";°,111
75 miles from San Francisco. The gold "' fan(' —1:
black sandy alluvial soil, and though the men had I,lo'
worked for a few hours, about 4 dols. worth haul„- d
raised. It is likewise rumoured that gold has been I°-bilt
at Port Oxford, on the nothern coast of California, ditl
this report requires confirmation. At this place it is 5t4;119
that five persons had for several days taken out upsf‘tied
of 100 dols. per diem. Society was still in an unse.,"te
state, and Lynch law had become pretty general thr(1"1.0,
out the whole of California. Notwithstanding tbe9neisa
puted discoveries, coupled with the arrivals of bat'cie
from Australia, they seem not to have the slightelitil g
fluence on the gold mining share markets, and 11°"..0
but actual returns will convince the public of the bea"
or utility of companies for working auriferous quartz'