New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-06
on cARoNDELEr STREET.

The queer thing on the street is the
condition of Slaughterhouse stock. The
company is making money, hand over fist,
every day. The Agiers dbattoir does the
business Of supplying the markets of New
Orleans. The butchers are, for the pres
ent, tied hand and foot, and remideless
until the authority of the Supreme Court
of the United States can be invoked in
their favor. When relief from that quar-
ter can be obtained, is q matter on which
a great many stupendous Opinions are
given by members of the fraternity Of
brokers, but it is clear that the Slaughter
house Company has everything its own
way until fall, at least, with fair chance
for longer time than that for the full ex-
ercise Of its exclusive privileges, and the
collection 'iof the, fees and per-
quisites allowed, by law.si It is said
that the company has = quite an
amount I Of debt to Hquidate, but
that debt can not be large enough to
absorb all the seasons profits. Still, the
stock is fat, without any obvious attempt
to bear it. The problem may be capable
Of solution by some of the initiated, but
to outsiders it is past finding out and
altogether mysterious. The stock ought
to be rising, according to al ordinary
rules, but it rests in the limbo of uncer-
tainty from day to day, to the evident
disgust of holders. The absence of many
operators during the. summer weather
occasions weak market, but that fact
does not fully account for the stock stand
ing at from s21 to s21 so. -
Ship Island has not retrograded, al
though we have had a very dull trade
since Saturday. 1t is rumored that the
stock will be assessed in kind pretty
heavily: The effect of such q movement
would be to put up the price Of the certifi-
Gates . long way beyond the proportion
Of the reduction in volume The street is
principally interested in this enterprise as
q stock speculation, and not as canal
company. What will enhance the value
ofinvestments in the shares is that which
win best satisfy the spectators. The
company has means, it is understood, to
prosecute actual work on the canal, out
side Of the stockholders ability to stand
assessments of cash, and it does seem as
though nothing could be done that would
elevate its standing more e6ectually than
the reduction of the volume Of the stock
while vigorously prosecuting the original
plan of giving New Orleans easy access to
the Gulf. The stock stood yesterday at
from 92c. to 81. ss
Lottery stock is still rising. The ener-
getic efforts of President Howard, through
the courts, to make available the monopoly
granted by the State Legislature, and the
approach Of the time for the declaration
of large dividend, have combined to in
increase public confidence in the institu-
ton, 1t is stated that the half yearly
dividend will be from So to $40 per share.
The stock sold yesterday at s55, early in
the day, and at later hour twas reported
that $50 had been refused for a round
amount.
The following list covers transactions
reported yesterday: H.
50 Crescent City slaughterhouse Company at
200 Crescent City slaughterhouse Company
50 Louisiana Lottery Company (Alonday) at
30 Louisiana Lottery Company Tuesday at
IS SIS. q %
300 Ship Island Canal Company at sec.
1899 etS Ship Island Canal Company At &C. w.
500 Ship Island Canal Company at 93c.
$50 Ship Island Canal Company at ykc.
1000 Ship Island Canal Company at 81.
SID st. Bernard Scrip, 1870, (M0nday) at 45c
$zooo metropolitan Warrants at 99tc.
The Loan and Pledge Association de-
clares semi-annual dividend of three
dollars per share. The managers of this
corporation are enterprising, wide awake
gentlemen, who have a sufficient interest
in the stock of the concern to devote their
best efforts to the promotion of its well
fare.
Read the proclamation by Governor War
moth, offering five hundred dollars for the
recovery Of the child of Thomas Digby,
who was SO strangely abducted short time
since. = st, ,stn.asst f' :