The Sun.
London, England, 1848-12-06 00:00:00

MINING SHARES.

The Mining Journal furnishes the annexed informa-
tion respecting business in mining shares and the results
of late meetings :
" From the amount of business transacted during the
past few weeks, the general progressive improvement in
the leading mines, and the apparent firmness of the metal
market, we may reasonably consider that the mining
share market is assuming a settled or permanent position.
We learn from our local correspondents, that the several
adventures are generally looking well and productive ;
and, although foreign orders for copper are not nume-
rous, the home consumption is fair and progressing, in-
asmuch that the excessive stocks so lately complained of
by the smelters are sensibly diminishing. Several Devon
Great Consols have changed bands this week, and buyers
are still in the market; Seton, Treviskey and Barrier,
South Wheal Basset, and Carn Brea, have been in re-
quest, and bargains effected in the two former. For
West Caradon, Trelawney, and Mary Ann, there has
been a lively inquiry, and several shares have changed
hands. Shares in the following mines have been done
during the week, 'iviz.:—West Caradon, South Wheal
Frances, Gonamena, Treviskey and Barrier, Stray Park,
South Roskear, West Frances, West Wheal Seton, Tre-
hane, Kirkcudbright, Trclawney, East Tamar' Mary
Ann, East Pool, Tamar Consols, Antimony, and Silver-
Lead, Kiugsett and Bedford, Cwm Erfin, East Wheal
Josiah, Bedford United, Pennant, Tin Vale and Tres-
coll. At the Wheal Margaret meeting it was stated that,
after paying a dividend of 121. per share, there was a
balance in hand of 2271. At the Wheal Trehane meet-
ing a. dividend of 255. per share was declared on July
and August workings. A balance of 594 Z was carried
to credit, and 73 tons of silver-lead ores were sold on the
28th, realising 191 per ton. At the South Caradon
meeting the balance carried to the credit of the next
account was about 6001. The directors in Carp Brea
have declared a dividend of 3/. per share. At the Tre-
savean account meeting the loss on the two months ap-
peared to be about 501.; but a balance in hand of 821/.
exists, which has been carried to the credit of next ac-
count. The llerodsfoot meeting is adjourned for a fort-
night, and a committee appointed to consult with the
London shareholders as to the best method of paying
the debt incurred by the new engine, which has cost, it
is said, 1,3001. In foreign mines we find considerable
business has been done during the week, especially in the
St. John del Rey, in consequence of the gratifying ad-
vices recently received. Imperial Brazilian, Copiapo,
United Mexican, Borossa Range, Bolanos, and Asturian,
have also changed hands. Dispatches have been received
by the Imperial Brazilian, National Brazilian, and St.
John del Rey Companies. The Imperial Brazilian ad-
vices are to the 13th of October, and represent the ope-
rations at Bananal to be progressing satisfactorily. The
gold returns from Gongo Soco and Banana! from the
13th of September to the 12th of October amount to 44
lb. 3 oz. 19 dwts., and the total from the first of July,
171 lb.. 11 oz. 8 dwts. The National Brazilian letters
are to the 12th of October. The agent's report repre-
sents the appearances as most encouraging, fully calcu-
lating on discovering some rich veins, going west espe-
cially. The produce from Cocaes, from 25th of Septem-
ber, to the 13th October, was mcs. 7 3 7 9, and from
Cuiaba, from 16th of September to 6th of October, mcs.
9 2 4 7; total, mcs. 16 6 3 16."