New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-25
ON CARONDELET STREET.


ticularly tight. So exorbitant are the
rates exacted in discounting commercial
paper, that the stock trade is rendered
much weaker than it would naturally be
at this season. Capitalists who can get
from one and a half to three per cent on
investments in paper, are not dazzled by
the chances of profit in buying Slaughter
house or jackson Railway shares.
Stocks suffer, while money is in SO
great demand. The depreciation is
almost universal, and seems likely to con-
tinue for some time,
Thirty shares of Slaughterhouse were
allowed to go for SIS so yesterday. The
bears surely will not require anything
much worse than this, but large lot
crowded on the street might put the price
a fraction lower. The general impression
seems to be that he will be fortunate who
invests in this stock at present rates-if he
is able to hold on.
A very small lot of Jackson railway
(three shares sold at sc. A good deal
more could probably be sold at that fig
ure. One hundred shares Of Lottery
were reported sold at ninety dollars
$4,000 in Levee warrants brought S2J.
$4,000 new State warrants went at 7OJ.
Tuesday $500 Metropolitan warrants
were disposed of at 963, and resold at 81.
Yesterday, $1,000 in same were sold at the
last mentioned price, $3.50 city seven
thirties changed hands at 72I, and 5000
at 70. Five hundred dollars city seven
per cent certificates (iscal agency were
disposed of at S2I.
Cash gold continues scarce, although
the market is better supplied than it was
last week. There were heavy sales yes
terday, purchasing figures keeping a
quarter under the New York rates indica-
ted by kilograms, and the selling price
conforming to the Wall street quotations.
Gold in New York went up steadily all
day, under the influence of recent Euro
pean news, or of the bull movement
reported by Crescent" the New York
correspondent of the Times. The wise
acres can account for the fluctuations in
the gold market as they choose. The
only things perfectly clear to us in this
connection are, that gold is rising, and
that very moderate supply will satisfy
oil TO
Orleans. Our gold market is an insignif-
cant affair at all times, and is of the least
importance these days. New York rates
yesterday were: At ten, 1863; at half-past
III; at noon, 1174; at three, 117I.
By an advertisement, which appears in
this mornings REPUBLICAN, the stock
holders of the Peoples Bank are called
upon to pay, on Or before the tenth of
September, an assessment of twenty-five
per cent upon their shares the fourth and
final installment
Some talk has been occasioned in fnan-
cial circles by the fact that the new city
bonds are being issued with an unsigned
certificate upon the back, while upon the
bonds OF the same series taken abroad by
Mr.. Cayaroc, which will find their way
back here, the certificate is signed by the
Mayor and Administrator of Finance.
At first sight one might think the differ
ence of no moment, but it makes two
classes of bonds where only one was in
tended, and the origin and occasion OF
the difference will have to be continually
explained for the next twenty-five years,
as the two classes pass from hand to hand.
The certificate alluded to reads as fol-
lows:
The within bond is hereby assigned to c.
Cavaroc, President of the Bank of New Or
leans, Administrator of the Floating Debt
of the city of New Orleans, in conformity
with section forty-one of the city charter,
approved March Is, 1870,