The Sun.
London, England, 1858-10-09 00:00:00

MINING INTELLIGENCE..

The Mining Share Market opened this week
without any material change from the dulness re-
marked upon in our last ; prices have not, gene-
rally speaking, been firm, and transactions, until
the last day or two, of a limited character. Late in
the week, however, a 'demand sprung up for a few
mines, and threw more life and activity into busi-
ness altogether. North Frances shares opened on
Thursday at 51, sellers, and late in the day rose to
71, 8, consequent upon several telegraphic orders to
buy, and a report that a good discovery had been
made in the shaft; up to this time, however, no official
intelligence had been reseived at the office, and shares
leave off 72 to 8. Our readers will have observed
that this mine, situate in the richest district in
Cornwall, has always struck us as one of the finest
speculations of the day ; and we have on more
than one occasion, called attention to the fact, that
when the lode was formerly worth £7O per. fm. in
the shaft, shares rose to £2O each, and that there
was every probability of its becoming rich again.
The extraordinary depression in the shares for
some weeks we cannot account for, unless it be, as
a correspondent has informed us, that the local
shareholders have been dissatisfied with the
manner of working the mine ; and as a meeting
will shortly be held, we give a few particulars, so
that the shareholders may be in a position to under-
stand the nature of the sett, and what ought to be
done. Only one lode, it is said, has yet been seen
below the adit, although four are within 60 fms.,
and some good work for tiu and copper broken
from them. The engine-shaft is 30 fms. below
adit, and by sinking 30 fms. deeper will pass
through all these lodes. Again, the eastern
ground, considered the most promising, ought not
to be neglected, for most of the ore in the lode now
worked was broken a few fathoms west of the
shaft. The local shareholders, therefore, urge the
necessity for sinking the eastern engine-shaft to
prove the south lodes ; and we beg to urge both
local and London adventurers to combine at the
meeting to abolish the transfer fee, which has so
far done great injury to the property. Herodsfoot
shares continue about 61 to 61. At the meeting
the accounts showed a profit for four months 0f-
£142 11s. 11d., and a balance of assets over
liabilities of £843 14s. 3d. The small profit was
explained as owing to the fall of £2 to £3 per ton
in lead ore, and the accident to the machinery ;
and it was considered advisable to defer the divi-
dend till the next meeting, when it is hoped, from
the good prospects of the mine, and the rise in lead,
that a better one than usual may be declared.
Wheal Trelawnys have been considerably in
demand at 241 to 252. Wheal Mary Anns
also in request, and advanced from 43 to
45, 452. South Caradons have been freely
offered at 400 to 405, owing, it is supposed,
to the reduction of the dividend, for we have
not heard of any change in the mine. West Cara-
don, 100 to 110, but not much doing, nor likely to
be until something definitive is known in regard
to the future management. South Tolgus, 71 to
73 ; Great South Tolgus, 14 to 142, and still' flat ;
South Frances, 195 to 200 ; Wheal Bassett, 200 to
205, and inquired for; North Bassett, 9 to 91.
Great Alfreds have been in better demand, and
leave off 31 to 4 ; the report looks more favourable,
and some of the points we referred to a short time
since seem nearer their realisation.—Mining .Tour
nal of this day.

THE HEAVY GALES.--CONSIDERABLE
DAMAGE TO SHIPPING AND LOSS
OF LIFE.

The advices received at Lloyd's, yesterday, from
the outports report the loss of about twelve vessels,
for the most part coasters, attended in several cases
with loss of life, arising from the severity of the
gales from the south-west. Many ships have like-
wise experienced considerable damage, and found
it a task of much difficulty to reach ports of refuge
in time to avoid the most violent part of the gale
which prevailed. Annexed is a list of casualties
which were announced at Lloyd's yesterday :
LOWESTOFT, Oct. 7.—The Zemira (barque), Cap-
tain Patroni, of and for Leghorn, from Newcastle,
got on the Newcombe sand this morning, and soon
after went to pieces ; master, chief mate, three of
the crew, and the Shields pilot drowned ; the rest
of the crew saved., .
PENZANCE, Oct. B.—The Hopewell, of Goole,
Capt. Pearson, was taken into Porthleven, after
having been abandoned by the crew yesterday in
this bay ; crew landed. The Jules, of London,
Capt. Lesage, has been towed in here, having been
abandoned in the bay by the crew, five of whom
were;.drowned.
MARYPORT, Oct. 74-- Thq Jane Anna (smack), of
Ramsay, Captain Skilcorn, bound to Whitehaven,
with wheat, went ashore this morning, at dead low
water, to the north of the harbour, and immedi-
ately upset; the master drowned; the remaindor
of the crew (two) saved. The gale is now abating.
DEAL, Oct. 7.—Wind S.W., a gale ; weather
very squally. Oct. B.—The Queen of Sheba, which
arrived in the Downs this morning, from Tobago,
had been in collision last night with a barque in
Dungeness Roads, when she sustained damage to
bulwarks and stanchions, and lost a man.
HARWICH, Oct. 7.—lt blew a gale from W.S.W.
last night, during which the Annie Archibald
(barque), of this port, and the New York Packet
(barque), of Ardrossan, fouled each other ; the
former lost fore and maintopmasts and jib boom,
the latter lost jibboom.
HARWICH, Oct. B.—The George Robinson (brig),
Capt. Fisher, of and from London, for the North,
was lost on the Gunfleet last night ; crew saved.
BERWICK, Oct.—lt is blowing a gale from west.
The Waterloo, of Aberdeen' Capt. Patterson, from
Hartlepool to Grangemouth, with coals, in making
for this harbour during the gale, struck on the
Silicar rocks, but drove off and sank, two miles east
of this place, in deep water; crew saved.
HOLYHEAD, Oct. 7.—The John and Edward
(schooner), Capt. Evans, from Bangor to Maldon,
with slates, drove on the end of the breakwater and
sank, and is likely to become a total wreck. The
Sarah Ann Russell (schooner), Capt. Price, of and
from Arklow, for Liverpool, with sulphur ore, is
ashore on the south breakwater, on her beam ends.
It is blowing a fresh gale from S.W. to N.W.
PETERHEAD, Oct. 7.—The Millennium (sloop),
of Arbroath, Capt. Wilson, from Sunderland to
Buckle, was stranded this morning at the entrance
of the south harbour, during a gale from S.E., and
will become a total wreck; crew saved.
WHITBY, Oct. 7.—The Ann (keel), of Shields,
with iron stone, from the Victoria Iron Works near
Runswick, brought up a little outside, yesterday
and went down; crew saved.

FALMOUTH, Oct. 7.—During the gale last night
the Antagonist (barque) of Shields, drove foul of
the brig Mary Young, of Shields ; the former has
her stern badly stove and other damage ; the latter
lost jibboom, sprung bowsprit, &c.
HARTLEPOOL, Oct. 6.—The body of a man, sup-
posed to be a master mariner, with the name
" Robert Patullo" marked on some of his clothes,
was washed on shore yesterday, about three miles
north of this port ; it appears to have been only a
short time in the water.