New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-14
m CARONDELET STREET,

buyers and sellers, gathered as usual on
Carondelet street yesterday. The day was
warm, and the sun displayed some symp-
toms of its midsummer power. When the
season becomes further advanced, it will
be found rather inconvenient to transact
business on the street corner, even beneath
the friendly shade Of super-pendant avn
ings and exigeous balconies. 1t would be
much better for the operators and brokers
to assemble, during the day, in the room
of the Board of Brokers, which, during
that period, will be left open to every one
for the purpose.
Yesterday was marked by a re-
markable and sudden revolution in
Slaughterhouse stock-the most ex-
traordinary and complete that has been
observed during the season. In the
morning tie stock began to weaken, and
as it sank holders at first became alarmed,
and finally panic-stricken, and rushed
frantically forward to get rid of the article,
which, but twenty-four hours before, they
had considered so precious. In the midst
of this, Slaughter stock was hurried
off at almost any price, and one lot was
sold as low as %. Everywhere the VIC
tins of the engagement were to be seen,
and the groans of the wounded resounded
around the corner of Carondelet and Com
mon streets. Many were the predictions,
that before night the stock would fall to
20, and some despairing persons even
limited that 10 would be high figure
in a short time. No one could
have imagined that all this was
to be changed in moment No
one could have supposed that the party
now so depressed and humiliated would
soon be flushed with victory ard eXultant
with the anticipation of further triumphs;
yet this marvellous transformation actually
occurred About three o'clock a
brisk inquiry for the stock sprung up,
and it rallied with a strength and
elasticity which was truly remark
able. At the board, on the regular
call, % was bid, and on the second call
sales were made at 49, After the board
a gentleman, who seemed to be particu-
larly enthusiastic, offered 80 for any
amount of stock, from one hundred shares
to FIVE thousand, but was able to obtain
no t more than sixty-two. No one seemed
to know the cause Of this sudden revolu-
tion, but many believed that it was only
the elimination of a concerted plan to put
the stock down in the morning, in order
to buy it up at low figure.
\, There was very notable transaction IN
Pneumatic stock yesterday. For some
days this stock has been freely offered at
80, but yesterday buyer entered the
market and gave $500 for ten shares.
This was considered SO remarkable that
the check given in payment was publicly
exhibited in order to convince sceptics that
the sale was genuine. Notwithstanding
this transaction, however, the market was
not at all affected, and the stock was again
freely offered at 80 and even as low as s..
Levee stock was steady yesterday, with
slight tendency to fall in the morning
and to rise in the evening. Transactions
ranged from - to 10. The last sale was
of one hundred shares at 49,
Othor stocks were quiet, and with the
exception of some small transactions in
Ship Island, nothing was done in them
The following were the transactions at
the board last night: