New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-29
ON CARONnELET STREET.

l
Wednesdays unexpected activity could
not last Humanity could not demand of
the brokers two days excitement, until
the thermometer acts more kindly by u.s.
Yesterdays business was light. The fact
is, that until we have news from Europe
OF character from which some inference
as to the future can be drawn, we are not
likely to be bothered with any very fran
tic speculations in the gold market; and
| as the parties who were obliged to sell
Slaughterhouse unloaded Wednesday, we
may not have much movement in that
stock for little while, unless, indeed,
some one else finds it, at an early day,
too hard work to carry his lot-in that
event the pluck of the bulls will have to
stand another test. This is decidedly not
the busy season on Carondelet street
Persons with capital enough to indulge
IN the somewhat dangerous amusement OF
dealing in ''fancies," don't choose this
time of the year for the exciting game,
and the brokers, as a rule, are not over
fond OF dealing in them on their own ac-
count The brokers are prudent in the
matter. Physicians are not apt to indulge
to excess in their own prescriptions, and
experience has taught great many that
fortune is more surely attained by an up
right and diligent attention to legitimate
brokerage business, than by mixing up
brokerage with speculation.
Slaughterhouse, Ship Island and Valley
Levee remain pretty much in the same
position that they respectively occupied
at last quotations. There We're no sales
of the first named authenticity reported
yesterday. We heard of one lot of 100
shares as sold at SIS, but We're unable to
trace it to a trustworthy source. The
stock could have found purchasers at
SIT so. A parcel of Ship Island con-
sisting of 500 shares, of 500 each, face
value, brought 10 cents apiece, and an
equal amount was disposed of at IS cents;
the market price was not far from the
latter figure at the close Of the day One
hundred shares Of Valley Levee were
taken at 81 so. This stock, like Ship
Island, is sustained, after a fashion. by
great expectations. but precisely what
they are, and upon what sort of basis
founded, we have not seen the individual
that could distinctly state.
Soma 90 To-, &c ~ Dc
per cent bonds took place yesterday at
from 81 to 50 cents on the dollar City |
seven per cents were offered at IS cents,
and transactions were made at about that |
figure.
Eighty-hve shares of Crescent City |
Railroad stock brought S66 each. Sales |
of this class of substantial securities are
seldom made know upon the street at this
season.
At ten o'clock Thursday gold opened
in New York at 1913. We threw off the
fraction in New Orleans at that hour. By
half past ten it went up quarter in New
York and an eighth in New Orleans, put
ting our market three-fourths of point
below Wall street. At noon, the price
subsidized quarter in New York, and we
suit, which rates We're main
tanned in both cities till the close of bust
ness hours, gold being in New York, at
three o'clock 1213, and in New Orleans at
that time 121. These figures show mar
gin for operations, but the gold fever has
pretty much subsidized here for the present
A big battle On the Rhine is needed to
stir up matters