New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-30
ON CARONDELET sTREET.

Men of money seemed yesterday to be
Of the same way Of thinking as the writer
of this article that Is, they were inclined
70 look ont for the articl. or commodity
herein described q natural prodUction'or
law material. likely 10 be redundant in
quantity, tina: i. now low il price. and al
thi, commodity (ccttoH) 10 make pur-
chase. They came 70 tie conclusion 'hat
perpetual and continued decline .. that
Article was not 70 be ..pec:l.. tina. il Is
., :eas. cheap al present-t..at !: = now II
= .aa,: depressed s.a.e. md III; Il, price
~ touched q rise. Therefore, all vs.
purchased. TIA. VS. offered. Noneyed
ms. .i,t took 4 .oigec: view >. tn max
X: IL certain stocks. and refused - bay
So. -, ~. high. and ID 20: refuse
sue. - we're low. Thee are the correc:
PRINCIPLES .: speculation. which the. ar-
.ic.a- viii always .nue.voT - ;l.stiI,. The.
may Do cases of forced >.5ec'.....on 80 "a
rpade,ot occasionally, hu: i the writer Of
. til, tan .rcYen: >r.l. .: 81; t.l,e or
Hubble speculation, - W. conceive
!. lis duty to do It. T, show how
successful sgcl spaculation> sometimes
, ar, =: Ii. following be mentioned: : ce.-
/ :a;n citizen OF Montrose wrot. his agent ia
London to purchase ION ofcoppertor him;
but the letter bein, one Of the very Ho.s.
. specimen, Of penmanship, as well a., per
hans, not very correct il poin. Of oftAo-
! elaphy. the agent read the orde. = ton OF
capers. Surprised at such an order. but
nevertheless an1iou, to oblice his cor
respondent, he Immediately set to work,
! and bought up the commodity i'll all
uuar;ers. til he had til. requisite amount.
| This. rs may be conceived, was attended
with the very natural effect of creating
| demand for caper, lin til. language Of
trade. capers came to be inquired after,
! and also of rendering them scarce, 50
that they, in consequence, rose very much
in price. The agent now wrote his CORE
spondent that he had had great difficulty III
fulfilling Lis order, but 1T last had sue
ceedeG III procuring 10Y him ton Of ca
pers: but that capers had since risen very
much in price, and i; he chose to sell he
had now an opportunity OF realizing a
handsome gain on .he Transaction. The
Montrose citizen as might be expected,
Wa, very much astonished in his turn BY
the communication, and the manner i'll
which his order had been fulfilled. bu,
had the good sense to write Immediately
to sell by all means; and thus. il is added,
pocke.ed a considerable sum frola a. I'M
intentional speculation and unexpected
advantage. Such an error could hardly
occur on Carondelet, FOX the agents,
brokers, everybody there i, too sharp 70 be
thus taken in, particularly those who have
once been picked Up, as many have, y
wildcat schemes
in addition to the two o, three hundred
thousand dollars worth OF cotton sold yes
terday, details Of which ale given in the
appropriate columns, the following trans
actions were noted in stocks;
$500 and $1,000 city new seven per
cents, at 734, and $1,000 at Il.
OF Fiscal Agency certificates DULY iG),
$1,000 sold at ST..
The market for old (bluel metropolitan
warrants was somewhat unsettled by lack
Of knowledge as to the result Of the special
meeting of the City Council on the sub
iect yesterday. Sales were noted, how
ever, Of $4,000 at 80 and $1,000 at %, while
1858 Of new Metropolitan warrants
brought 93.
Of State warrants but single sale was
{ reported, $4,000 new at 734.
The oscillation Of Barbarin Gas Lgh
stock was remarked, the sales reported
+ yesterday being at the following figures
Five shares at 1929; eight at 147; five a
1856: eight at 14S, and five at 1873. There
| is vibration for you, equal to the swing o
any pendulum.
4 But the Louisiana Lottery is prompt.
, coming to time: $50 shares of its stool