New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-31

operations therein may not be disturbed
by the dissemination of too much infor-
nation. -.....-
Business in Metropolitan warrants
ought to be brisk to-day. 1t is the last
day for paying city taxes without penalty,
and an immense amount of greenbacks
will be packed away before night by the
careful and energetic Administrator OF
Finance. Some large bills are unpaid
and great many small ones, and the tax
payers will want as many Metropolitans
as can be raised before the day is over.
By Thursday this demand will pretty
much cease, for few payments can be ex-'
pected after the last day of grace has ex-
pired until the tax bills are putin suit.
Now is the time for policemen and other
holders to realize. The warrants are
worth from SO to SO cents on the dollar.
SO cents was offered for a round amount
yesterday.
Two thousand dollars old State warrants
brought IS. Twenty thousand new were
disposed of at private terms, one thou
sand in new city seven per cent bonds
was sold at 7Ol, and another lot OF one
thousand at Il. A round amount OF the
old seven per cents realized IS. Late
Monday, one thousand three hundred
dollars of city seven per cent certificates
Fiscal agency was sold at $40. lester-
day morning, early, So was offered for q
lot of the same, and later $3.50 and Sl5,-
600 brought 81.
In stocks there was not a sale reported.
An offer was made to sell five hundred
Valley Levee at So, but no one was so
anxious to acquire the stock as to give the
price demanded. What there is to give
any market value to these certificates We
can not conceive. The company is not,
and may never be, incorporated, and how
shares in the non-existent capital of a nom
existent company can be worth anything
is conundrum altogether too much for
u.s. The market seems disposed to allow
Slaughterhouse to go up trifie. SIC so
and SIG Is were bid yesterday for it. 1t
only needs little effort to send the stock
higher-or lower, for that matter. There
| are so few now who pay any attention to
it that it is not much moment how it goes,
or easy to say when another change may
be expected.
Gold was very dull all day. 1t did not
huctuate in New York, and here it kept
up a sort Of stupid uniformity. 116i was
| the New York rate Here it ruled at from
1853 to lie,
The whole floating debt affair seems to
be in fair way for early and complete
adjustment Holders of certificates will
be anxious to realize, seeing that others
will be pressing for the bonds as long as
they last The city authorities seem quite
sanguine that the proposed mandamus
will be denied for the intrinsic want of law
to Justify it; and that the city will still
be allowed to say yes or no to the negotla-
ton of its own property and assets.
Hence, a continuance of the hitherto rapid
negotiations for exchange at S2I is ex
pected. These have reached somewhere
between eight hundred thousand and nint
hundred thousand of the bonds.
We have not at hand the exact figures
concerning the floating debt, but from
previous statements we can deduce the
main facts of the situation approximately
Floating Debt statement, for which cert
fcates have been issued. S2339, O0'
Floating Debt statement, certlfi-
Gates not vet issued. ............ l0l. oo
Interest to be allowed. .......... So,QU
Floating Debt claims, not yet
passed at City Hall. 10000
civ Hall .',....l. 25S.OO
Total of Floating Debt claims. s., SOB, 90
Taking off the rejected, We have the tota
of the Floating Debt proper at S2,el3 wv, I
paw which the city may exchange S3,0OOO0
bonds at S2l2 cents, realizing. 81, 100
Interest from June I........... 5000
Leaving deficit of only Sll7 800 Of Float