New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-25
ON CARONDELET STREET.

hazy, lazy, drizzly nizzly, ftizzly, good
for-nothing day, and, therefore, so barren
of incident on Carondelet street that we
| shall have to venture out Of it a little for
a subject, this morning, as did one Brown,
who wrote the history Of Illinois at an
early day, when it was not the great State
it is at present. Brown, who was a good
citizen, but poor historian, said that as
there was but little of interest in Illinois,
he would complete his book by giving a
few chapters on Indiana Ohio, and other
neighboring States that had history.
Like him, therefore, let us first see what
was done On Carondelet street.
In city new seven per cents four sales
were reported, $500 and $500 at 73ss, and
5000 and $4,000 do at 49,. OF city
seyen-thirties, $1,000 sold at 77s-an I
better than Saturdays sales; at the even
ing board, however, but n! was bid, Of
metropolitan warrants, 5000 old sold at ST.
| In State warrants there were four sales,
5000, $4,000, $4,000 and $4,000 at 70, while
one Of $4,000 was reported at 72S5.
Of city notes, $500 sold at S09, and
$500 Of old bank bills of Bank OF Lou
isiana sold at lie.
Fifteen shares ST. Charles Street Rail
road sold at sec so.
Slaughterhouse stock was not more
buoyant than the weather, 100 shares sell
ing at SIC 80, so at SIC IS, while 100
were reported as low as SIG 25. And yet
| these rates are not to be wondered at,
when the scarcity of money is considered;
two and a half per cent a month is con-
sibered high rate of interest, and yet the
cut-throat rate of two and half per cent
per day was paid on the street yesterday.
But prospects look brighter, and banking
facilities will soon be increased. A letter
was read by the president Of the Board
Of Brokers last evening, from the president
of the State Bank of Louisiana on Camp
street. It has been known that this officer
has just been in Washington, arranging
to make this a national bank the letter
gives the information that the application
for this has been accepted by the Con-
troller Of the Treasury. and that it will
soon be such bank. Also, that the
shares Of this bank are of $780, and no
other. It will be seen by the list of bids,
etc, below, that the bids for stock in the
different banks was quite lively at the
board last night. It should be observed
that these bids by no means give the full
amount that may be had for any of the
stock at given time, but only what is ac-
tually bid by any member Of the Board
during the sessions. For example, only
S39 so was bid last evening for stock of
Bank Of New Orleans, while it would
probably sell for $40 or $40 %, it having
brought the latter figure Saturday. For
gold, the bids were spirited last night,
and some 5000 changed hands at III.
To branch off from stock sales, Engi-
neer J. J. Williams, of the Tehauntepec
Railroad Company, was again on Caronde-
let street yesterday, seeking to induce
line of steamers from New Orleans to
Minatitlan, on the Coatzalcoalcos river,
Tehuantepee, whittier has gone govern
ment expedition, consisting of two YES
sells under command of Commodore
Schufeldt, naval officer Of liberal scien-
tifc education and extensive experience,
to make thorough survey Of that route
for the proposed interoceanic canal. 1t
will just be twenty years next Christmas
since a similar corps Of engineers, MIR.
Williams among them, on the United
States steamer Alabama, arrived at Min
atitlan for similar purpose. 1t was on
the twenty fifth Of December, 1850. But
there is much more confidence in the
present enterprise, not only in the breast
of Engineer Williams, but in that of the
general public. The president of the
present company is Simon Stevens, and
such millionaires as William 3. Astor,
Marshall O. Roberts and others are its
hackers, who have already expended some
$4,000 in surveys, maps, procuring right
of way from the Mexican government, etc;
our government, last winter, granted a
subsidy Of $780, for surveys upon the
summit level to see if water can be had to
supply the canal, and the whole appro-
priation may reach $3.50, 900, as it in
cludes the survey of the lagoons on the
Pacific coast in connection with the west
ern terminus. The steam sloop Of war
"Kansas," with steam tug and lighters
left Norfolk on the fifteenth instant, with
engineers, ETC., for the work on this the
gulf side, and similar sloop and tenders
are to be sent around from San Francisco
to do the surveying of the lagoons on the
other side, and several hundred men in
all will be employed at these points, and
in the mountain surveys this winter
New Orleans will become, on the compile
ton of this railroad and canal, what Alex
ander the Great intended Alexandria to
be, the central city Of the commercial
world, for its commanding position at the
mouth of the Mississippi is we'll calcu-
lated to make it so, since it is easy
of access by the Father of Waters and
his children, from the whole of the con-
tinent North, from the East by the At
lantic, and from the Pacific and the land
Fr