The Sun.
London, England, 1854-12-15 00:00:00

It.ONEN7 MARKET

AND

COMMERCI AL IN ITIL IGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, including 500 American
taken for export. The market had. a downward ten-
dency, and closed with prices of American -A d . per
lb. down. In other descriptions the change is less
marked. The sales comprised 5,000 American, 150
Pernam and Maranham at Wd. to 03d., 100 Bahia
at 6d. to 61d., 150 Egyptian at 61d. to 81d, and
700 Surat at 31d. to 32d. per lb. Railway shares
were firm.

There has been a fair business transacted this
week in Colonial produce, but the supply being
large prices have tended downwards. Sugar has
been quiet on the whole, foreign descriptions being
held more firmly than West India. Plantation
Ceylon coffee has had a fair sale, but native has
ruled dull. The tea auctions have gone off heavily,
and good common sound congou has with difficulty
found buyers at 10d. per lb. Spices have generally
gone lower, including pimento, pepper, and nut-
megs. Rice has been less in request and cheaper.
In cotton the operations have been extremely
limited, and the value of the article has not
changed. Saltpetre has been dull, and previous
terms are not supported. Cochineal went rather
irregularly. In flax there have been purchases at
advanced rates, and jute is higher. In Russian
hemp very little has been done, and Manilla has
only been in demand for the better descriptions.
Iron is quiet, and tallow has had a moderate sale.
An extraordinary general meeting of the share-
holders of the Mariquita and New Granada Mining
Company is being held this day, at the London
Tavern, for the following purposes, viz. :—To re-
ceive Mr. Gower's report of his visit to the com-
pany's mines at Marmato and Santa Ana ; and of
the purchase of the Purima Mines ; and to adopt
such measures thereon as may be expedient. And,
in pursuance of the following requisition, signed by
more than five shareholders holding more than
1,000 shares, to consider the matters stated in the
said requisition :

" LONDON, Nov. 27, 1854.
"To the Directors of the Mariquita and New Grenada
_ _ _

Mining Company.
"Gentlemen,—With a view to obtain for all the
shareholders an opportunity to give their free and un-
fettered opinion upon the report of the committee of in-
vestigation, and thereby remove the misunderstanding
at present existing, we, the undersigned shareholders
in the Mariquita and New Granada Mining Company,
being more than 5 in number, and holding among us
more than 1,000 shares, do hereby, under the authority
of the 6th clause of the deed of settlement, require of
you forthwith to convene a special general meeting of
shareholders for the following purposes :
" 1. To reconsider the report of the committee of in-
vestigation.
"2. To make such changes in the direction by in-
creasing or diminishing the number of the directors,
or by removal,der otherwise, as may to the meeting seem
convenient or desirable.
" 2. T• amend clause 34, and to confer the appoint.
ment of both the auditors upon the shareholders.
" 4. To close the capital account by amending clause
59, and other clauses relating thereto, and rescinding
all powers now vested in the directors of increasing the
capital stock of the company.
"5. To alter clause 5, and supplemental clause, if
any, to make the meet*: half-yearly.
" 6. To make such alterations in the deed of settle-
ment as may be necessary to meet the ♦iews of the
shareholders upon the above points, by supplementary
clauses, or otherwise, and to register same in the regis-
trar's office.
"7. To appoint a committee of investigation fer the
purposes, and with the object required by the meeting."
The following are extracts from the reports on
the mines of Purima, from Captain Eastman (27
years employed in the Marmato mines), Lead
raining captain :

" Marmato, Sept. 22, 1854.

" R. F. Gower, Esq.
" My dear sir,—agreeably to your request of the
11th inst. I proceeded to the Purima mines, and on
the 15th, 16th, and ISth examined the various workings
that are at present under operation.
"The general appearance of the ores is of a favourable
character for breaking and extracting, and notwithstand-
ing the lode has as yet not been sufficiently opened out
in extent to enable me to give any accurate estimate of
the quantity of ores it contains, I may, I think, safely
say that at present at least 20,000 tons are discovered ;
and by driving another cross-cut about 12 fathoms lower,
another 10,000 would m all probability be made avail-
able, if the lode holds in depth, which to all appearance
it does.
" I saw with great pleasure the encouraging prospects
held out by stream workings ; they, to all appearance,
are rich and extensive.
" The mines, as yet, are not quite in working order ;
however, the instructions given by me at various times
I have visited Purima, and the experience they are daily
obtaining, will soon wake them have a more mining
look.

"The cost of extracting, if tramroads were laid down
in the extraction levels direct to the mills, would be
about $2.4 per ton, and I should think the value of the
ore per ton to be about $lO ; this, of course, is taking
good and poor on an average."

In the report of Mr. Thomas Johnson, the super-
intendent of the Sta. Ana Mines, it is stated
" Purim, 9th October, 1854.

"R. F. Gower, Esq.
"My Dear Sir,—ln reply to your favour of the 27th
ult. respecting the mines of Purima, it appears to me,
from the short time I have been here, and the very cur-
sory examination that I have as yet been able to make
of the various mines, both Lodes and Ori Corrido, that
the company have reason to congratulate themselves
upon having concluded a most advantageous purchase.
"These Lodes have also the advantage of being worked
by means of levels or adits, so that there will be no ex-
pense in the shape of machinery for the purpose of ex-
tracting either mineral or water ; and by judiciously
selecting the sites for any new mills which it may be
found advisable to erect, the delivery of the mineral to
them may be effected at a very trifling cost.
" Oro Corrido.—As regards the Oro Corrido mines, we
may equally look forward to most important results.
The trials which have been already made show that the
gold is apparently distributed in abundance on almost
every part of the mountain ; and when a farther supply
of water can be obtained, I feel little doubt that from
this source alone the company will in a very few years
repay the capital invested in the purchase of these mines.
Mr. Charles J ohnson, the superintendent of the
Maarmato Mines, states, under date of Oct. 9 :
"I now proceed to give you my opinion on the mining
property of Purima, lately purchased by you for and on
account of the Mariquita and New Granada Mining
Company.
" The upper code has been considerably worked
upon, and the greater part of the backs have been taken
away, so that from this ground, I think I may say with-
out fear of being mistakes, that the company need not
expect to reap much benefit.
" The lower level has quite proved this lode to retain
its richness in depth, although contrary to the opinion
generally entertained that quartz lodes decrease in rich-
ness as they increase in depth. However, as another
cross-cut can be driven about 12 fathoms lower down,
Which in all probahility ought to intersect the lode in
about 18 fathoms, another proof would be given. I
think it should Le done, more especially, as a mill might
be erected near the mouth of said cross-cut, to stamp
the ores extracted from this, and the cross-cut above;
by so doing at least 30,000 tens of ore would be made
available on this lode."

The steamer La Plata, from the West Indies, is
announced as having P.rrivea at Southampton.
No letters are yet in town.

The accounts fro,-.e. China notice the progress of
the insurgents, -And a continued interruption -of
trade. The r&te of exchange was but a triflq more
favourable.

The Cop Enental advices are meagre in respect to
commerc:ial information, but they advise dulness
generally. At Paris, the depression in all branches
is stated to be greater than for the last four or five
_ _

The English Stock market has been exceedingly
quiet, and Consols which, after the officials hours
of business yesterday had improved to 911 and 92,
have receded again to 911 The New 3 per
Cents. have been 94 to bs, and the Reduced 91i
Bank Stock has been depressed, at 20711,
Exohequer Bills are 4s. to 65., and East India
Bonds 12s. premium.

Foreign Securities have been mostly nominal.
Turkish Scrip has beon 61 to 71 discount. Equa-
dor Bonds are 3,`81 to 31. French 41- per Cents. are
25, with the exchange at 25 5. Dutch 2i per
Cents. are 61g.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
cali, 21i to 21g ; Peruvian, 69 to 71 ; ditto
3 per Cents., 48 to 50 ; Portuguese 4 per Cents.,
41 to 43 ; Russian 5 per Cents., 96 to 93 ; ditto
4i PQr CoLts.; 86 to 83 ;' Spituish .N,31; Dder3:o,l,
18a to 187. T ; ditto 3 per Cents., 38i to 39 ; ditto
Certificates, 5g to ; ditto Passive, 4,-1 to 4;11'-.
The Railway Share Market has been duller, and
the highest quotations of yesterday have not boen
obtained, account is 1491 T iidillfit9da and t 9