The Sun.
London, England, 1854-06-17 00:00:00

MINING INTELLIGENCE.

( From the Mining Journal of this day.)
General business has not been so active this weeks .
large transactions have continued to take place in
two mines, to which we referred last week.
At Wheal Messer, the cutting down of Michelle 6j,has been a tedious job during the last month or six Wl7.jeg
and the whim having been kept necessarily idle dr.
that time, the works in the 30 fm. level have beeeietea
fared with. The shaft is completed, and the accenall4,oD
stuff now being cleared, so as to commence sinsin:lli,
Michell's lode, The 30 end west on this lode has itelir°'
now yielding ore worth 50 per cent. The cross-cut AID.
the 20 at this shaft has now about 5 fathoms further to. of
driven to cut Bodmin United lode. In the south Pa'rbale
the mine, Williams's shaft has been sunk 9 feet under
adit, and it will take about 12 weeks to sink to the 102)0(
levil and drive to cut the south and Tretoil lodes, betlio
which in the adit have such a promising apPear*%*
About 100 tons of ore will be sampled in a few der' ..00
Sortridge Consols, the lode has been cut into north „
bottom of the eastern shaft ; it is 18 in. wide, and as :
a course of ore as any yet seen in the mine. toil
The reports from the lead district of Linares have
exceedingly favourable this week. Both the Linares ail
the New Linares Mines are making great returns,
from the San Fernando, the reports of Messrs. gem
tis
show lodes which for richness are without parallel in tift
country or in Spain, rich as that country is in lead. "r",
one part, the lode in a rise is yielding 20 tons of lead 'e„,
per fathom ; and in a winze under the same level, 30 UP'
of rich ore per fathom. 'Oll
In the Bullion Market—Mexican and South Ameri.d
dollars, 5s 2d per oz., nominal. Bar silver contairlo
gold, all gold above 5 gre. in the pound to be paid,„,tii
55 iga to 5s 14d per oz. standard. Bar silver wi',."94
gold, 5s lid to a 14(1 per oz. standard. Bar gold, 70,
per oz. standard. Columbian doubloons, 76e 3d Per
Spanish Carotin dollars, 6s per oz. IclP°
Business in the Gold Mining Share Market this wee
been of the most restricted nature, and never have we
previously to record so much inaction as has been peso
tible tible in these stocks. Without recurring to the less ace',
dited descriptions, it will be seen that even those lattser'L
most in favour have declined in public estimation ;
have not, however, been pressed, and, consequenll44
though a decline had manifested itself, shares are soreecr!:,
firmer than might be anticipated from the late_rh
favourable advices. Although some of the reports verk.P;
arrive to hand may be highly coloured the general 0,
pression in California is that quartz mining is prat
Great dissatisfaction has been expressed at the unfaveL
able results of the assays made by Mr. Phillips of tn
Nouveau Monde Mining Company ; but until these
confirmed by some large trials, it would be pretnaturefi
form any decisive judgment. The meeting of the Qutl,
Rock Mining Company is convened for Tuesday 11,,e.‘"-,,
Grave allegations are made against them by Mr. Heralle
one of their former colleagues, which, we trust, will
satisfactorily explained at the meeting. Mr. Cada, is
Quartzburg, has likewise addressed a letter on gold iletlf
mining, which is worthy of the consideration of those iiesi
terested in this problematical enterprise. The Colon„
Gold Mining Company have received advices from th%
agent, and have lost no time in communicating there
the public, an example which, if it had been followed Ss'.
several of the otherassociations, would have removed tPj
distrust which now has been engendered. The ascert.4ll:,:
production of gold in Victoria, in 1853, was 3,0£0,342 en,
of the value in the colony of 11,588,7821. Of this th:4
had been exported to England and other parts 2,4970%i
ozs., of the value of 9,365,4481. From the cornmeuceeo
of the gold diggings at Port Philip, in Oct. 1851, to ;
end of Dee. 1853, the total number of licenses was 71119'f
producing 1,10 ',4951. 109.
The total exports of gold during the above period. were
5,011,344 oz-. 14 dwts. 9 grs. ; there had arrived in a...
colony 194,696 persons, while there had been 74,295 (IW—of
tures, leaving an excess of arrivals over departures 4t
120,401 individuals. The arrivals in the colony were
the maximum in 1851, and the greatest number of dee, -;
tures took place in 1853. It generally appeared that ',ha,
first months of working was most profitable to the ge',"
digger, but as fresh arrivals took place a falling ofie
perceptible in the earnings.