New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-10
ON CARONDELET STREET.

sensibly eased the money market, and
stocks of almost oil kinds show an adj
! vance, as will be seen by the offerings
and bids at the Board Of Brokers last
evening, and by the sales which are herein
given. Price, Hino & Topper, Of the
'Attallapas Transportation Company,
2G Carondelet street, say their ''Teche' ?
steamers are daily bringing down the
cane products from that great sugar bowl
country Of Louisiana, which tend more
than all else to ease up the money market.
Though the price Of sugar is low. very
common article consigned to this house
| yesterday sold for eight cents. But pros
poets are for an advance III sugar, Many
colored laborers around Franklin struck
for higher wages Saturday, in the midst
OF cane grinding, and this and other diff
culties will reduce the expected crop and
|, enhance the price. But worse difficulties
have occurred IN Cuba, which have
also enhanced the rates Of sugar
there. 4 Havana circular from Zaldo
& Co, Of the twenty ninth ultimo, Tor
which William Creevy, Of the Philadel-
phia and Havana line Of steamers, is
thanked gives an account of the disasters
by the hurricanes to the sugar canes, the
demolishing Of planters buildings, inter
fering with the grinding and says that
these things, in conjunction with the
heavy rains which have recently fallen,
and the serious loss Of hands during the
season by cholera, (Which has been a far
greater scourge among the sugar estates
than the hurricane, will retard the grind
ing two or three weeks and reduce the
ultimate yield. The circular says az ad-
vance in sugars had already taken place,
some sales being made at extremely
high rates, and the market closing stiff.
Thus the prospect is not so bad for those
interested in Louisianas great saccharine
product.
Yes, money is easier on Carondelet.
and some who had been in slaughtered
circumstances are now walking more
erect than usual. (Noattompt is intended
at IL pun in this, but there was il the
remark made bya broker that the banks
of the country are in a very promising
condition now Ten OF twelve thousand
dollars WAS borrowed On the street yester-
day-,hOugh tirst-class-at II per cent
pet annuIr. The Havana circular men,
toned above, says the money market is
supcrabundantiy supplied very
scarce and the rate Of discount ranges
between : and 7 per cent" Our own
great moneyed centre-New York is
plethoric il TINS line also. and becoming
more SO daily; and when such points are
th,.s s',rtsited with money, the superhui:y
Will find its say .ere to buy o'lg products
if not on stocks.
As already remarked. yesterdays move
ments or Carondeie: showed ar advarc-
ing stock market. Lottery, Navigation,
Barbarin Gss Light and other stocks
are moving up. Figures We're not given
in Lottery, bue 100 shares sold on private
terms, understood to be at an advance.
Ten. four and eighteen shares OF Barbarin
sold at 800: - shares do at S193:
twelve DO at SG1l: eighteen at S20l 50.
and ten shares at s2Oj. This advance is
but another evidence OF the general sue
cess 0: Gas companies.
IL Sugar Shed Company's stock, 100
shares We're sold 1T SOB, though S2i %
was the asking rate a. the Board.
In city securities, ten or twelve tnou-
sand dollars sold, viz: $500 of new seven
per cents at IA; $1,000 and $4,000 40 az
Is (75s being the holding rate at the
close). and $500 old do at 73ii. while
SO, 900 of city ten per cents sold Tues
day at 80.
In State warrants. sales were made q.
$500 OF new at 81, $500 do al ~ !;
$4,000 do at 742s, and $500 small do az -.
Of bank and railroad stocks, bus 3
single sale in each was noted, yiz: -
shares Of the Louisiana State National
Banl- at 800. and - shares 81. Clarl..
Street Railroad II 80 80.
Twelve hundred dollars o: Emitted
State tiye-.went;ss .: 1862 bgoueh. io9'.
We learned o: sales that tool: place
so1,e days since, OF 5000 Home ;ns1.ral,c &c
scrip Of 1858 at CO.,, ~! S;8oo Do o. l:5G
and 1855 at CO.
No sales were elected AZ The E0s,.1 o.:
Brokers las: evening. The following, v.,e
the offerings and bids: