New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-03
ON CARONDELET STREET.

NOtnlng can De imagined duller IMAM
Carondelet street yesterday. All was
stagnation, absolute and, apparently, IL
remediable. There was not ripple Of
excitement, or even interest, anywhere.
Gold was dull. Stocks were dull. Bonds
were dull. Brokers were dull. Some
paper was shaved with pretty sharp
razors. Some stock was bought at prices
which neither sellers nor buyers desired
to have reported, they were so far below
the usually accepted rates. 1t is useless
to discuss now the reasons for this uni
versal sluggishness. They are apparent
to every careful observer, and have re-
ceived heretofore full notice from u.s.
The fact is sufficient. Caroudelet street
is, at the date Of these presents, as dead
as door nail ..-.-......
Slaughterhouse maintains its advanced
position-if it can be said to have any
real position when there has been no re-
ported trade in the stock for several days
Holders are getting continually sitter in
their demands, and find parties willing to
follow the rise SO far as to hid higher and
higher figures for the certificates; but
these ''buyers" seem disposed at present
to keep at respectful distance from the
asking price, while they cautiously follow
the upward movement. There are no in
dications of any bear combination to put
up the price of the stock, and it is only
fair to conclude that the gradual rise re-
suits from the increasing prosperity of
the company. $40 rs was asked yester-
day, and the stock may be quoted as
worth from $40 to $50.
A lot of sugar shed (75 shares) were
sold at S26 25. For Ship Island 60 cents
were offered.
Now that the Eighth District Court has
decided that no appeal can be taken from
its order compelling the city of New Or
leans to furnish the Endorsement con-
tracted to be given by the defunct city of
Jefferson, upon $500, 900 of the company's
bonds, to be used for the drainage of the
Sixth District, the stock may take fight |
upward. We shall see.
One thousand four hundred and sixty |
dollars in Metropolitan warrants brought |
99l. The Citizens Bank has declared a |
semi-annual dividend of six per cent
A good deal of complaint finds vent
upon the street as to the style in which |
holders Of State warrants get or don't get |
their money at the State Treasurer's |
office. The rule is, first come first served
and the amounts paid in by Messrs Hunt
& Macaulay on account of the State loan
Ire pretty much gobbled up on the first
lay Of each month by patient walters,
who sleep outside the door the night be-
fore, and have their meals sent in from
The restaurants, SO as not to lose their
places in the line of expectants. They
hold on from day to day till the last penny
IS exhausted, and then retire with splendid
pluck for the next months attempt. Now
md then row among the more impa-
tient creditors compels the appearance of
the police, and then the ranks are thinned
80 that the quiet ones get better show.
big pile is carried off, and
the consequent envy Of the less fortunate
would be amusing, but for its eanestness.
There are occasional fercible suggestions
Of favoritisnl, but perhaps they are to be
under the circumstances.
Gold, at ten o'clock, in New York, was
worth 1872. Here it stood at 121 to 1211.
At half-past ten the precious metal was
quoted quarter lower in the national
and our New Orleans brokers
also dropped the same fraction. By noon
the New York price rallied an eighth,
standing at 1919, but the New Orleans
figure was no more than from 1901 to 121.
There was no marked change here up to
,he close Of business, when the rate was
perhaps an eighth better. !