New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-15

npon IL eccentric course, upsetting tli
gravity of the most sedate individuals as i
wanders promiscuously among feet ant
legs, and before we have recovered from
its sudden advent about our understand
| ings, it assails our ears or is buzzing owe
our heads. We don't know where to ex
Ipect it or how to meet 1t when it is upol
| us. It rises and falls, meanders ant
shoots, at its own sweet will, and no ont
can predict its future.
Slaughterhouse has been, and is some
thing like the fire-work referred to. DC
casionally corruscating brilliantly, and
now and then paling an Intellectual fire, il
has kept Carondelet street on the qui rir
for months. Just now, it may be fizzine
away deep down in the grass, preparing
for fresh start, but when it does shoot
off, who can tell where it will go? People
are afraid TO put cent into it. Those
who are anxious to sell, don't dare to.
| The Slaughterhouse market is completely
demoralized.
1t is anticipated that on Monday Judge
Dibble will maintain his present injunc-
ton. When his decision is known, il
favorable to the Slaughterhouse, as at
present expected, the stock will pick itself
up somewhat.
But the authority given under the new
civil rights bill to the Commissioners of
the United States ''may give US pause in
the matter of the enforcement of the de-
cree of the Eighth District Court. Mean
while, people are timid and will be, re-
garding the value of the stock as an in
vestment. Those who stand with capital
behind them don't care to bet too much
upon existing uncertainties, and thus it is
that the stock is mournfully heavy. Every
one was afraid of it yesterday. The only
sales We know of were 100 shares at SIC;
like amount is said to have gone at
SIG so. The maike closed at about SIC,
but the transactions in the stock were
hardly sufficient to establish prices.
Valley Levee continues to improve;
200 shares are reported as sold at $40;
100 more sold at that price early in the
day; at noon $40 so was refused for 500
shares, afterward 200 were sold at the last
named figure; S11 was bid, with no takers,
at twelve o'clock, for 500 or 1000, and two
hours later a bid at the same rate for
1000 found no. one willing to sell. The
stock was certainly strong at S1l last eve
ming.
Two thousand dollars of Metropolitans
sold for 97!, and $4,000 at SO. In Levee
warrants 5000 brought 80. One hundred
shares of Jefferson City Gas Company
were parted with at s74, the stock being
worth 500 par value.
There is a considerable desire mani
tested to get hold of Lottery stock, but We
hear of none offered. 1t is rumored that
the dividend on the first instant will be
fully twenty per cent, unless some one
has the fortune to strike the lottery for
prize very heavily before that date.
Administrator Shaw yesterday evening
offered to the City Council an ordinance
which should be adopted at the earliest
possible moment by the municipal author
tiles. The draft of his ordinance appears
in another column. It provides for reg
of and the issuance of certificates
for proper claims against the city, N atured
prior to the fourth Of April last, or under
contracts then existing. He proposes
that seven per cent interest shall be paid
semi-annually on the amount of these GER
tifcates until the extinction or liquidation
of the debts covered by them, or the re-
peal or modification of the ordinance
offered.
This proposition is another proof of the
vigilance, energy and. sagacity with which
Mr.. Shaw has taken hold of his duties as
Public Administrator. His motto, in ad-
vancing the city's credit, seems to be ''pay
IS you Co." The policy Of first accurately |
lscertaining what the city owes, and then
paying or securing its payment with in
crest, is that which he is trying to intro
luce into the management of our NUM-
,ipal finances. If carried into effect, the |
.ity's credit is sure to be placed upon
ooting second to that of no cor
,oration in the country. Our resources
re ample, and. decently managed, they
will afford us full treasury and splendid
redit. The present city government is
It work in the right direction financially,
nd is sure of general support, if it con-
inues in the path it has thus far chosen.