New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-06
ON CARONDELET STREET.

Carondelet was emphatically somnolent
yesterday. Nothing new takes place
from day to day. Business is simply le-
gitimate, and limited to demand and sup
ply. Perhaps this is just as well for the
community at large as the successful pros
ecution of fine speculative movements.
but it is not half so interesting as good
bull or bear operation would be, and it is
very hard on the brokers that their COM
missions should be cut down by such an
absurdly sensible condition of affairs
But what can our enterprising brokers do?
The crowd of capitalists find
no attraction on Carondelet street just
now. Many of them are away, and those
who are here see little inducement for ex-
always in demand, but sales are quietly
made at rates that forbid purely specu-
lative movement. Our 'fancies' are at
horribly low ebb. Ship Island, Valley
Levee and Navigation, are all that remain
above water, and there is not one thing on
which to base an operation for q rise with
reference to either Of them. They must
go up well before bear movement would
pay, and how under the sun to organize q
rise would puzzle the most acute
tnancier. Even Slaughterhouse, which
for good while has occupied
Il sort of middle ground between
the pure "iancies and substantial stocks,
is in. a curiously weak position. Once
worth any where from $50 to $40, it has
for long time oscillated among various
prices under SIT so, and Just now there
would be no objection to our naming
SIC so IS its probable present price,
although no sales have been reported for
long time, and that price was refust d
by one operator yesterday for 200 shares.
SAB rosa, it may be whispered that rumors
are afoat of a new move among the butch
ers that will have the effect to still fur
Their lower the current rate Of Slaught
house. Now, taking the present condi-
ton of these stocks into consideration
and remembering how much money is
worth, and how few speculative capital
lists are willing to risk themselves in New
Orleans while the yellow fever prevails
we-can not be surprised at the low state
OF the financial market
Securities of all kinds are depressed.
We have the following to record with
reference to the condition of city obliga-
tons: Seven thousand dollars new seven
per cent bonds sold at 74s; $1,000 and
$4,000 at 745, and $500 at rs. At the
Board $4,000 of these bonds were disposed
of at "A, and 5000 at TAT. Eight thou
sand dollars city seven per cent Fiscal
Agency certificates, July dates, sold at
500. For like certificates of the same
date SS4 was bid at the Board to 80 asked.
Two thousand dollars Metropolitan war
rants changed hands at SO, and like
amount at $751; The market for Metro
politans was weaker than these figures in
dictate, at the close of the day, but no
sales were reported at lower rates.
$4,000 new State warrants sold at 73i.
At the board they were not treated with
so much favor, 72a being the price bid to
70 asked; 100 shares Bank of New Or
leans sold at S37 25.
The money market continues quite
stringent, though occasionally parties
have succeeded in eflecting loans on
reasonable terms. $4,000 was lent yes
terday on frst-class mortgage paper at II
per cent.
The following list shows the offerings
and bids at the Brokers' Board last even