New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-29
ON CARONDELET STREET.

According to all principles Of trade and
speculation, the present is the time to go
into business on Carondelet street by
which is meant any part Of the Crescent
city where stocks, paper securities Of any
kind, cotton, sugar, real estate, are
bought and sold, for, this is when things
of these kind are at the worst, or when
business is in the dullest and most de-
pressed state. It IS when one can buy
cheapest, Or the least capital is required,
or capital goes furthest. 1t is the time
most advanta geous toracqliring or laying
in stock. To purchase almost anything
now, enables the purchaser to start with
a certain advantage and sure gain, already
in effect, acquired by the general depres-
sion of prices. For the same reason the
present is not good time for the specula-
tor or holder Of stocks, or almost any
thing else. to sell. OF course tie best
article to speculate in is cotton, that
for which there is no substitute,
which has fallen in price below the
average (or, in other words, it has become
cheap, and that Of which there is so great
expectation and demand, and an article
in which there is 50 much business done.
But, of course, it is requisite in speculat-
ING in cotton or stOcks-both to the pur-
chaser and holder, that there should be
capital, and courage, and patience. The
latter quality is particularly requisite these
times, SO that the party will do nothing
when nothing IS to be done. One must
"'bide his time, the proper time for buy
ing, the proper time for selling. Many
dealers in stocks and al sorts Of securities,
on Carondelet, have recently been act
ing on the principle that nothing be
done when nothing should be doney But
they have been putting their houses in
order, to be able to do large business at
the proper time. This is particularly the
case at those exchange brokers where the
reporters meet to exchange items, and are
50 courteously provided with table and
other facilities-De Buys & Ogden's, 17g
Grnvier street-and wheIe the new fittings
up are in the neatest style, and suitable
to the most extended business in
this line OF brokerage. Almost every
house on Carondelet around the corner
from this has been newly FURNISHED up,
polished and baaUti1ied both outside and
ii. That Of Moore, Janney & Hyams, at
% Carondelet. has been enlarged and i'm
proved as a business Office sufficiently to
transact tie most enlarged and varied
brokerage. OF course space forbids refer
ence TO all that are getting ready thus to
do business, when there shall be business
to do; but mention may be made Of the
fine quarters just opposite the foregoing, at
22and "a Carondelet, known as the Gold
Room, where, it is said by those who go
there, a most extensive and gratifying
business is transacted; for there the inim-
liable Sansoni presides, who, as Byron
has expressed it. is
THE grand Napoleon OF the realm of Puncll;'
Particularly since the fall of the
Imperial at the next corner. Thus, if
abuse is not melted to enemies, pufs are
to friends, and who would not want the
friendship of Sansoni? when, like Burns,
you can be ''fu for weeks together"
And as it is but step from the ."Gold
Room to'that of the Board of Brokers,
it may be remarked, without change of
subject, that only two sales occurred at