New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-13
ON CARONDELET STREET.

L
was too good to last Notwithstanding
the fact that the brokers had all OF Sun
day for recuperation. after their unwonted
exertion of Friday and Saturday, they
could not come 10 time yesterday. The
intermission only served to restore them
to their usual inactivity. and when they
will again wake up would take sooth-
sayer wiser than Nostradamus 70 predict
Caronde.et street was stupid yesterday.
Gold Stood at one figure all day il New
Tork-l138. Here, in the morning, it
was bought at 1131 ard sold a quarter
better, and in the afternoon the buying and
selling prices fell an eighth: The market
was as weak as though it had been dissi-
pating all Sunday, and as duh as if it had
a headache to correspond.
But one sale OF State warrants was re-
ported. We heard of a sale OF $1,000
new at IA. Possibly there we've other
transactions IN State securities bUt, if so,
the parties engaged hadn' life enough TO
StalS tu-CuIlS anu Terms.
Navigation seems TO be nyster;ously re-
wing. The demand, which had wholly
subsided, appears to be reviving, and
several transactions We're yesterday re-
ported. Two hundred, 300 ard 900
shares We're reported sold upon private
terms, and u shares changed hands at the
advanced figure of 81 per share. Highe,
than 50 was reported bid
Slaughterhouse is slowly gaining
strength ST. so and SIT IS were offered
for the stock, against SIS asked \ trade
was made Of 200 shares, but the figure did
not transpire.
Five thousand dollars city seven per
cent fiscal agency certifcates-dates not
mentioned-sold at So; SO, 00O bearing
interest from July, were disposed Of at the
same rate. 4 small lot of new city seven
per cent bonds was bought at Il, and sold
at rs. Ten shares Sanitary and Fertil-
izing realized s22 90.
The Slaughterhouse company hasstarted
its ferryboat, the Isaac Bowman, upon
her regular half-hour trips, from A. NJ
to'S P. NJ, from the foot OF Esplanade
street to the companys wharf at Algiers
The boat is fine one, offering ample ac-
commodations for the butchers and pas
sengers. She is nearly, if not quite, twice
the size Of any other New Orleans ferry
boat. Sunday crowd Of ladies and
gentlemen availed themselves OF this new
means for crossing the river, and visiting
the grand monopoly theatre Of operations
while in holiday trim.
The last number Of -App5e'oa's Journal
contains an elaborate, statistical and com
mon sense article, relative to the COM
merce Of this city, the pith OF which goes
to show the advantages likely to resul,
from the completion Of the Mississippi
and Mexican Gulf Ship Canal. The article
is too lengthy to be here transcribed, but
we earnestly recommend its perusal to
those Of our readers who take an interest
in the facts concerning the growth and
present condition Of New Orleans. The
illustrations which adorn the article are
we'll executed, and give clear idea Of the
design Of the canal, now fast drawing to
completion. We can only give space to
the following summary Of the points made
by the writer Of this able and entertaining
article concerning the advantages claimed
for the proposed ship canal;
/. 1t will shorten the distance by water
from New Orleans 10 the gulf ports east OF
the Mississippi some fifteen miles.
2 1t will furnish five feet greater depth
of water than the Lake Pontchartrain route
or any canal terminating IN Lake Pontchar-
train.
3. It Will bring the shipments from Lower
Mississippi Alabama. Georgia, and Florida,
directly to the levee of New Orleans.
4. 1t will save transhipment OF through
freights, the carriage and frequent handling
of which now cost several hundred thousand
dollars per year.
5. 1t will make of New Orleans the great
lumber mart of the South.
6. 1t will enable sea-going vessels,
drawing from ten to twelve feet Of water, to
sail within twenty miles of New Orleans,
thereby saving upon all such craft the great
er part of the present cost of towage.
1T viii shorten by about sixty miles the