New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-19

Carundelet, anywhere from Onion to
Canal, its centre being on Common. ALI
sorts of men gather here, from Your
active, shrewd, practiced broker ii the
bull and bear genas, to the s,ober, quiet
and philosophic men Of ie...cers; for, as in
the time of John Law. 8 dazzling promises
of cent per cent tor their investments in
the Wild N.lssissippi scheme, all classes
are ...,Il enanlored with the plan Of making
money rapidly by the rise of Barbarin
Gas, Calcasieu Sulphur, Leyee, Navisa-
ton. Pneumatic Propelhng, Sanitary and
Fertilizing, or other stock. And if any
one Of the daily haIitstes is not present on
some part Of the street during these
hours it is considered that sickness,
death or some other misfortune has oc-
CURED.
Owing to the arrival Of that financial
visitor of such very bad renown. called
Tight Times, there was little activity on
Carondelet yesterday. He prevented dis
counts, deprecated stocks, and tried
hard to explode some bubbles, and ran
down the ability of some men to purchase
at any price. Still, the great staple was
sufficiently active, G000 bales, or about
s36O,Oo0 worth changing hands during
the day And at every corner thousand
cries were sent forth OF 81 have 1000
gold to SELF ''I'll take $40, 900 at 1l2s"'
LET me have some Siaughterhouse at
SIS" Til sell some CAST WHO wants
Sulphur2' Here's ten shares Teutonia
Bank
And conscience, trath and honesty are made
To rise and fail Like other wares Of trade.
The truth is, one is convinced bya very
little looking on in Venice, at the stock
washing" and bulling and bearing, and
other well-known games, that man who
does not understand the business had bet
ter 90 to Texas or Florida than speculate
in stocks. Certainly some Of those think
so who can say with Brainerd
Ihave been
Where the wii6 will Of kississ;ppi's tide
Has dashed me OF the Sawyer.
in particular. 1t may be mentioned, in
passing, that 1925 per share is freely Of
fered on the street for stock OF the Missis
sipp; and Mexican Gulf Ship Canal. This
work, which we believe has both State and
national aid, though private undertaking,
is to connect Lake Borgne with the Mis-
sissippi near the head Of English Turn,
and il is expected to be completed in q
little over 6 month from this time, with
the exception OF the lock at the river.
The improved facilities and immense i'm
petus which this short outlet to the sea
will give to the commerce of New Orleans,
may well cause capitalists 10 seek invest
ments in its stock.
But the stock Of this ship canal like the
stock of that great great internal improve
ment, the Chattanooga Railroad, is very
difficult to find, it being confined to few
owners, who are able and, knowing its
value. DESTROYS 10 hold it. Speaking of
the Chattanooga road, brings to mind
sorle of the new and improved things the
knowledge and enterprise Of that COM
pany are introducing to this country. An
excellent substance, called vitIified clay,
has been used in New York and Brooklyn
for their immense sewers. Some 200 tons
thereof-the third shipment-has just
been landed here by the ship Indiana,
from Glasgow, Scotland, where it is man
ufactured, TO be used as culverts in the
swamps through which this railroad
passes. Culrerts constructed Of this viii
bid defiance to time, the water, the horer,
and everything else.
Such stock sales as were made on the
street yesterday are as follows:
Fifty shares Of SlaughterhOuse at
81 so.
Fifteen shares Calcasieu Sulphur MIN
ing Company {s5 paid at SIC.
The stockholders Of the Jefferson Gas
Company held their annual meeting on
Thursday night, and elected the following
gentlemen directors for the ensuing year:
Messrs. j. II. Oglosby, Michael Hahn,
John Lockwood, G. \. Burbank and
Wright z. Fish. The company is in "a
prosperous condition, and is rapidly lay
inc pipes through all the principal streets
of the Sixth District, late Jefferson City.
The monthly receipts are largely in excess
of the expenses of carrying on the gas
works: the demand for gas in the stores
and private houses Of the district is con-
stantly increasing, and the stock Of this
company promises to command high
price.
Two shares Pneumatic Propelling Com
pany (old stock at S35.
Small amount of New Orleans City Rail
road Company, at $161 so.
Of State warrants new, S2O96 and
$500 sold at "A and $500 at 74l. In the
morning $500 Of small ones brought 75l:
$1,000 of State certificates Of Indebtedness
sold at G31.
In city securities $1,000 of new seven
per cents sold at 74l, and $1,000 do at
74s, while $4,000 old do sold at 731; $4,000
of seven-t hirties brought SGT; $3.50 of
Fiscal Agency certificates of September,
sold at 81; 800 Of new Metropolitan war
rants sold at SO.
Have Your Printing and Binding Done ut
the Pelican Job Office, Corner Camp and
Poydras Streets. oc29 ly
nADLDT IZL NSANIy1IEETAI