New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-16
ON CARONDELET STREET.

1t is said that, at the height OF three
miles from the earth, the temperature is
always the same. That's being above the
weather. A number of people in New
Orleans, beside those of Carondelet street,
understand in these tight times what it is
| to be under the weather. Money was
sought and not found on the street yester-
day at two per cent month. Times are
hard, though the city is pretty healthy,
except the complaint of structure of the
chest. SO hard are they that bank stock
and every other stock must rule low and
sell low, if sold at all. Again, speaking Of
the weather, it must be quoted as beauti-
full and healthfll in the extreme, and the
fifty to one hundred thousand people who
went to the country and North for the
summer are rapidly returning to the city,
| being no longer fearful Of heat or yellow
fever. This reminds Us of remark of an
Irishman who was asked by an English
broker on Carondelet street if the summer
heat was intolerable. ''You would have
something else to think of in the hot
months, said he, ''for there is one set of
mosquitoes who sting you all day, and
when they go in toward dusk, another
kind comes out and bites you all night.
The usual number of brokers were on
the street yesterday, and respectable
attendance was observed at the Brokers
Board in the evening, called together
partially for an election of a new secretary
to the board. As visitors were invited to
withdraw before the election took place,
of course it is not expected that the result
shall be given in this column. Afternoon
sales were as follows: $500 of city seven
per cent new bonds at 72ss; $1,000 and
$1,000 do at 72a; two lots of $1,000 each
do at 7253: $4,000, $500 and $4,000 at IS;
$4,000 at 49,, and $3.50 small do at same;
$500 old do at 7Oa; 500 and $1,000 city
seven-thirties at 77!.
Fifty shares Navigation brought 50 ST.,
and one hundred shares, deliverable We'd
nesday, sold for 50 IS.
Ship Island (not the veritable island
itself that Iberville occupied in 1897, but
the stock, is as variable as the wind, and
three hundred shares sold at 27c-an i'm
provement since last report Of &c.
Seven hundred dollars Fiscal Agency
certificates brought Sc, and small amounts,
September 80 dates, IS.
In State warrants, $4,000 new brought
73s, $4,000 only 70 and $500 old went at
III.
For Valley Levee, So so per share was
paid for 200 shares, and 81 25 for SO.
For 200 shares Louisiana Lottery, it
was reported that $50 was offered and re-
fused. 1t is reported worth 500. This
is not vouched for, and being opposed to
all lotteries. let him who takes chances
in them be reminded that he may find
after the lottery is drawn that, like poor
fellow who has had tooth drawn, he is
paying for blank. But after taking a
view of the brokers at their board last
evening, it seems to the writer that Wall
street has not all the sharpness that's
going, and Carondelet street brokers are
perfectly aware of the character Of tools
they are handling, and know that when
they buy stocks of any kind they are like
the menagerie man, who puts his head in
the lions mouth, he is investing his
capital in hazardous speculation.
Coin is not usually quoted in this
article, but as sales of silver are rather
uncommon these days, one Of $1,000 and
another of $3.50 may be mentioned Of yes
terday at 81 O62
At the Board last evening, s11OO and
$4,000 gold sold at 112l, and $4,000 city
seven per cent new bonds at 72s The
offerings and bids during the session
were as follows: