The Sun.
London, England, 1853-06-18 00:00:00

MINING INTELLIGENCE.

( From the Mining Journal of this day.)
MINES.-•--During the early part of the week the de-
mand for good dividend shares was kept up, and many
large purchases made ; but towards the close a few sellers
appeared in the market, and prices slightly receded.
Some large sales have been made in several speculative
mines, but to entice buyers holders were obliged to sub-
mit to very low rates indeed. It is considered that a
judicious selection from some half-dozen or dozen of our
most promising progressive mines would, if bought at
present low prices, pay the buyers well in a few months,
and with this idea many have been looking out for bar-
gains in Herodsfoot, North Fowey, Uny, West Ding
Dong, Pen-y-Qelli, South Towy, Sydney, Orsedd, &c.
In the Metal market, the buoyant state still predo-
minates ; in fact, the general demand exceeds any for-
mer period, especially in all kinds and sorts of iron, par-
ticularly rails ; whilst the delivery of Scotch pig exceeds
100,000 tons a month. The price is firm at 525., and
some parcels have realised 545. Spelter and copper are
in great request ; the former rules at 221. ss. per ton,
and the stocks are lessening daily. Lead and tin,
although not so freely dealt in, maintain the quotation ;
and, owing to the makers of plates abating hands, the
market is clearing off at a slight advance.
In the Bullion market, Mexican and South American
dollars, 4s. 1l d. per oz. Bar silver containing gold,
all gold above 5 grains in the pound to he paid for,
ss. -1-,d. per oz. standard. .Bar gold, 775. 9d. per oz.
standard.

The gold mining shares this week have been, on the
whole, firmer. Transactions were, indeed, very re-
stricted ; but owing to speculators having " beared "
such descriptions as bore a high premium, shares gene-
rally have not been plentiful in the market ; and thus
the few purchases which continue to be made by the
public have a certain effect. The stock chiefly in de-
mand has been Agua Fria. The arrivals of gold for
the week have been—the Stirlingshire, with six
thousand pounds, from Launceston ; the Adelaide,
from South Australia, 40,667 ozs.—value 163,0001. ;
the Anglesea, from Sydney, with 27,500 ozs. ; and the
Waterloo from the same port with 2,900 ozs.—making
a total of 30,400 ozs., valued at 121,6001. The Wood-
bridge, from Geelong, with 10,173 ozs., of the value of
40,7001. ; and the Fanny, from Auckland, with 22 ozs. ;
the arrival of this vessel is to be more especially noted,
as she brings the first sample of New Zealand gold to the
mother country. The latest dates of the prices of gold in
Victoria and Sydney were respectively 31. 17s. and 31.
15s. 6d. per oz. With the exception of Great Nuggets,
which were at par to prem., the other descriptions of
gold mining stock in the colony were solely at par. Two
enormous masses of gold in quartz have been discovered,
weighing upwards of 176 lbs. troy. The larger mass
weighed 93 lbs. 2 oz. 5 dwts., the smaller 83 lbs. 9 oz.
5 dwts. A greater lump has likewise been discovered,
weighing 1341 lbs., out of which 120 lbs. is pure gold ;
these have been found in Canadian Guley. The differ-
ence between the diggings at Ballarat and Mount Alex-
ander is, that in the latter it is finer and more equally
diffused ; while in the former it is in larger lumps, and
occurs less frequently. A similar difference has been
observed between the Turon and Ophir diggings in New
South Wales. The price of gold had kept steady at
at 765. 3d. to 765. 6d. per oz., and the usual produce
of the colony was selling at high rates, whilst the ex-
change on England had advanced. The increase in the
price of gold is to be ascribed to the abundance of specie,
arising from the heavy shipments received from England,
the increased competition in trade, and the raising of the
rate of exchange by the banks, the combined operation
of which circumstances almost- annihilates the profit de-
rivable for exporting gold to this country.
In Miscellaneous Shares, the quotations have gene-
rally shown an improvement, although operations have
been moderate.
At a special committee of the Stock Exchange, yes-
terday, it was resolved that the shares in the New
Linares Mining and Smelting Company should appear
in their official list. The day of settling stands as ap-
pointed for Tuesday next.

OVEULAND MAIL.

(BY SUBMARINE TELEGRAPH.)
MARSEILLES, SATURDAY MORNING.
The East Indian mail has arrived.

GREECE.

In consequence of the dispute between Russia,
and Turkey the visit of King Otho into Germany
is postponed. ' •

STATE OF TRADE.

(From, the Manchester Guardian of this day.)

MANCHESTER, June 17.—The threatened occupation
of the Danubian principalities by a Russian force, and
the apprehension that such a measure would be consi-
dered by the other powers as a cants Belli, continue to
exercise a very depressing influence upon our trade.
On Tuesday this depression was in some degree re-
lieved by the apparent probability of a peaceful solution
of the question at issue ; and rather more disposition
for business showed itself amongst buyers, whilst sellers
assumed a firmer tone in maintaining the extreme quo-
tations of last week, more especially as regards
yarns. But ()pillion has again changed ; and recur-
ring fears are now checking the tendency—slight as
it was—to an improved demand. Still, however,
though the business is very limited, more is doing than
might be expected. There is, however, a latent per-
suasion in men's minds that war will be avoided,
which, in the present bare state of our market, causes
producers to feel pretty much at ease about selling.
The prevailing conviction is that, but for the dangerous
state of politics in the east of Europe, we should now
have a higher range of prices in cotton, yarns, and
goods ; and that if a peaceful settlement should be
speedily effected, a rise must ensue. To this result,
so far as yarns and cloths are concerned, the progress of
the labour question is evidently contributing ; though
as to the raw material, its operation is in the contrary
direction. It seems probable that the operatives will
succeed in effecting a general limitation of the hours of
labour to six o'clock in the evening, and also in securing
some advance of wages, though not to the extent of
their demands, which in most places appear to be ten
per cent. In this town, some extensive spinning firms
have agreed to a compromise. The Preston millowners
are under notice. At Blackburn certain of the minor hands
only have preferred a claim. At Stockport, the em-
ployers, after taking the average of the cotton district,
proposed to add eight per cent, to throstle spinning,
and 5 per cent, to mule, leaving the rates for weaving,
which are rather above the average, unaltered ; but the
hands adhering to 10 per cent. and appearing determined
to make that town the battle-ground, all the mills have
been closed, with the exception of eight or ten, mostly
small concerns.

GLASGOW, June 17.—There has been a fair amount of
business transacted during the week in our cotton
market, and prices have inclined upwards. To-day
holders of stock have manifested' increased firmness.
BRADFORD, June 16.—Wool—There is no material
alteration since our last. The spinners buy very spar-
ingly—the prices completely put them out of the market.
Noils and broker command ready sale. Yarns are
more inquired for by the shippers, but their limits,
if accepted, would be ruinous to the spinner. For the
home trade, • on spools, there is no change in demand or
prices. Pieces—The tone is rather more cheerful, but
the prices offered are most miserable for plain goods. In
fancies there seems an uncertainty as to what will go;
robes are looked upon with jealousy for quantity, and
caution requires to be exercised.—Bradford Observer.