The Sun.
London, England, 1853-07-09 00:00:00

MINING INTELLIGENCE.

(Front the Mining Journal of this day.)
MINEs.--The standard shows a slight improvement in
the price of copper ores, with an appearance also of the
advance being maintained. The sale on the 30th June
was at a standard of 1301. is. 6d., and a produce of 6,
agaihst that of the previous month of 1281. 175., pro-
duce 51. Tin has advanced 21. 10s. per ton, and there
is little doubt that after the Dutch sale (which falls short
this year about 600 tons) has taken place a further and
considerable rise will be announced. With these facts
in view, we had hoped to report a better state of
things in the share market • but the various and almost
daily changing rumours afloat as to our foreign rela-
tions, and the uncertainty as to peace or war, seem to
to have unsettled men's minds for the moment, and put
a stop to speculative business. Some good dividend
shares have been request at high prices, but there are
few sellers to be found. The calls on some of the pro-
gressive shares are becoming heavy.
The arrivals at Swansea during the week include—
from Garrucha, 110 tons of copper ore ; from Amleria,
3,200 baskets of copper ore ; from Caldera, 937 tons of
copper ore ; and from Cuba, 300 tons of copper ore.
In the Metal Market, with the exception of Iron, the
week has passed without any large transactions to re-
port.—Copper and Tin well maintain their price, and
Plates are rather improved, their being a more extended
enquiry for them • Coke at 245. ; Charcoal, 30s. per
box.—Lead and gpelter are at present not in large re-
quest ; prices rather giving way a little.—Large deal-
ings in Scotch Pig-iron took place early in the week as
low as 515., but the market has advanced again to 525.
6d. at Glasgow. The enormous demand for Rail Iron
continues in all its vigour. Parties generally are
anxiously awaiting the Dutch sale of Tin for next month
on which will depend the price that will govern the mar-
ket for many months after.
In the Bullion Market—Mexican and South American
dollars, 4s. 111 d. per oz. Bar silver without gold,
ss. 11d. per oz. standard. Bar gold, 775. 9d. per oz.
standard.

Prices in the gold mining shares this week have oc-
casionally shown a tendency towards, a rally and at
other times been characterised by considerable depres-
sion, sympathising with the other departments of the
Stock Exchange, but, on the whole, prices have con-
tinued to dwindle throughout the week, and now stand
lower than for many months past. The dealers appear
to be generally fairly supplied with shares, but there is
little inquiry on the part of the public.
Great stress is laid in the colonial journals on the in-
flated views entertained by the people of this country of
the value of certain districts supposed to possess im-
mense riches in gold, and the Australian Agricultural
and British Australian Companies are cited as glaring
examples ; but, from facts adduced, it would appear
that neither of those companies have put forward any
statement which they•eannot substantiate, and which in
a great measure has been confirmed by the local authori-
ties. The people of New South Wales were extremely
anxious to get the land by paying the ordinary
license fee, and were only to be prevented by the
employment of actual force. The quantity of gold
produced from the Victoria mines from the com-
mencement of operations in September, 1851, to the
end of 1852 (a period of 15 months) is estimated at
4,891,000 ozs., equal in value to 19,564,0001. The
shipments of gold from Sydney up to the end of March
amounted in the aggregate to 4,250,0001. sterling and
upwards, London value. The price of gold ruled at 74s
for New South Wales, 755. for the Ovens, and 775. for
Victoria. The shipments of Gold from Melbourne from
the Ist January to the 7th April were 661,000 ozs.,
worth 2,644,0001. sterling, and the last price at that
port 775. per oz.
In Miscellaneous Shares, the market continues dull,
with a downward tendency.