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

Rest

MINING INTELLIGENCE.

( From the Mining Journal of this day.)
bat
General business has not been so active this Weele.or
large transactions have continued to take place in °
tWO mines, to which we referred last week. bat
At Wheal Messer, the cuttine• down of M
bas been a tedious job during the last month or six ivieroe• g
and the whim having been kept necessarily idle "n-ter
that time, the works in the 30 fm. level have been into
fered with. The shaft is completed, and the accun3la on
stuff now being cleared, so as to commence sieldw.,l3g4l,
Michell's lode, The 30 end west on this lode has iteinoto
now yielding ore worth 50 per cent. The cross-eet be
ichell's 0 kg,
the 20 at this shaft has now about 5 fathoms further to of
driven to cut Bodmin United lode. In the south Par the
the mine, Williams's shaft has been sunk 9 feet under
adit, and it will take about 12 weeks to sink to th both-of
levil and drive to cut the south and Tretoil lodes, o.
which in the edit have such a promising apps cAt
About 100 tons of ore will be sampled in a few (tar' t the
Sortridge Consols, the lode has been cut into northz' 06a
bottom of the eastern shaft ; it is 18 in. wide, and as g
a course of ore as any y et seen in thne.
The reports from the lead districte mi
of Linares have b_aeap
exceedingly favourable this week. Both the Linares flat
the New Linares Mines are making great returns,
from the San Fernando, the reports of Messrs. .nee3e
show lodes which for richness are without parallel ie
country or in Spain, rich as that country is
lea toes
one part, the lode in a rise is yielding 20 tons of a
per fathom ; and in a winzo under the same level, 30
of rich ore per fathom. fi°
In the Bullion Market—Mexican and South /toe jog
dollars, 5s 2d per oz., nominal. Bar silver contain
or,
in lead.. 7.
gold, all gold above 5 grs. in the pound to be Paid.,i,ont
58 lid to 5s lid per oz. standard. Bar silver w",, 91
gold, 55 lid to s Isd per oz. standard. Bar gold,
per oz. standard. Columbian doubloons, 76s 3d Per
Spanish Carolus dollars, 6s per oz. k hse
Business in the Guld Mining Share Market this wee uott
been of the most restricted nature, and never have we:
previously to record so much inaction as has been Pe'rrir
tible in these stocks. Without recurrin to the-less ace,
dited descriptions, it will be seen that egveh those lattes Tel
most in favour have declined in public estimation; °tip
have not, however, been pressed, and, t
eolleacinin hs
though a decline had manifested itself, shares are soraeivior
firmer than might be anticipated from the whichls
favourable advices. Although some of the reports is.
arrive to hand may be highly coloured the genera,
pression in California is that quartz mining is ler°fit47;r•
Great dissatisfaction has been expressed at the unfeVto
able results of the assays made by Mr. Phillips °I are
Nouveau Monde Mining Company ; but until these to
confirmed by some large trials, it would be premete„.ria
form any decisive judgment. The meeting of the 14"-,t.
Rock Mining Company is convened for Tuesday
Grave allegations are made against them by Mr. Efare6e
ono of their former colleagues, which, we trust, Ili of
satisfactorily explained at the meeting. Mr. eneq„",:rt%
Quartzburg, has likewise addressed a letter on gela
mining, which is worthy of the consideration of those
•al
terested in this problematical enterprise. The hose
Gold Mining Company have received advices from t"
agent, and have lost no time in communicating theel bY
the public, an example which, if it had been follow , tai
several of the other associations, would have removecl_.„6l
distrust which now has been engendered. The ascert.,„ 0,
production of gold in Victoria, in 1853, was 3,00,344;,ere
of the value in the colony of 11,588,7821. Of this r 7.25
had been exported to England and other parts 2,4ttiiii
ozs., of the value of 9,365,448/. From the commencnkte
of the gold diggings at Port Philip, in Oct. 1851, t° 00,
end of Dec. 1853, the total number of licenses was 711,"
producing 1,10 ',4951. 10s. re'.
The total exports of gold during the above period We he
5,011,344 0z... 14 dwts. 9 grs. ; there hau arrived in. tir
colony 194,695 persons, while there had been 74,295 der of
tures, leaving an excess of arrivals over deP artures at
120,401 individuals. The arrivals in the colony vi,erne;
the maximum in 1851, and the greatest number Of uertbr;
tures took place in 1853. It generally appeared that Ad.
first months of working was most profitable to the Two
digger, but as fresh arrivals took place a falling 0'
perceptible in the earnings.