New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-02-09
THE CITY.

The weather has been Eeas0nable during
the past week. In the beginning, the tenn
perature was quite COOL but south wind
which prevailed yesterday, raised the Their
mometer several degrees, and made large
fires unnecessary. Now that we have had
or GOLD snap" W hope the fears of the
timid as to the prospective health next
summer will be allayed
Business circles have been rather more
animated, and the inquiry for leading
staples, such as cotton, sugar, pork, Hour,
corn, etc., has been sufficiently active to
stimulate prices. Holders have generally
realized fall rates, and disposed of con-
siderable portion of their stocks. Sugar
and molasses have materially advanced in
price in consequence Of short crops both
here and in Cuba. A good crop Of
sugar at this time would prove a
fortune to the lucky planter who held it.
Although money is quoted abundant in
commercial eireles for tho business trans
acted, it has as yet by no means become a
drug, nor so plenty as to induce capitalists
to turn their attention to the purchase of
real estate, which rules unusually low.
We have not heard of any large transac-
tons. But little has been offered. The
auction business of dry goOds, boots and
shoes, hats, caps, and general merchandise,
which opened in the fall with hattering
prospects, has been almost entirely sus-
pended Several very heavy stocks that
had been imported from New York have
been reshipped for want of buyers at liv-
ing prices. The chief business Of the auc-
tioneers consists in disposing of the re-
maiader of stocks Of bankrupts. Messrs. G.
E. Girardey & Co. have offered several lots
in this way and have others advertised.
The business could not have fallen into
better hands.
The recent circular of the assistant com
missioner of the freedmen's bureau has
been pretty we'll discussed, pro and con,
by the business men Of the city. The mer-
chants are well pleased with the PROPOSE
ton OF the government to advance sun
plies to the planters, and declare that the
terms are more favorable than could have
been obtained from the capitalists. 1t is
believed that this circular has stimulated
the demand for Western produce, and given
Life to the market which has not before
been felt for long time, The factors On
the other hand look upon the proposition
with some distrust. Without The least
grounds for such conclusion, shey sug-
gsst that the assistant commissioner may
give the receiving business all to one
house, thus creating monopoly. There
is nothing in the text Of the order,
the usage Of the United states
government, or the character Of Gen.
eral Buchanan to warrant such an idea.
and Is could never have been entertained y
any but those who supposed their private
interests were adverse to the plan prof
posed ~ The bureau, and who could ind
no valid objections against it We
learn thai it Is the intention Of General
Buehanau 70 designate as factors, Is nearly
aa possible for the different sections, those
who have heretofore transacted the same
business for she planters residing therein.
. 4 no more than natural that planter
should reposs more confidence ID factor
with whom be has held aaliancsory cons
naaleatien far 9 hnnihes Of years than he
d