New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-07
ON cARONDELET STREET.

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Yesterday was extremely quiet in Caron-
delet street The market seemed to be
overcome with lassitude, but, neverthe-
less, more business was done than would
have been suspected by casual observer.
'sSlaughterhouse," or the Lightning
Stock, as it is called, claimed attention,
almost to the exclusion of other objects.
There was a good deal of talk about its
prospects, and much speculation as to the
causes which keep it depressed SO far be-
low the limit anticipated for it as a conse-
quence of the result of the recently de-
cided case. The prevailing impression
seemed to be that the stock is only kept
down by the intense pressure for money
which has forced many holders unwill-
ingly upon the market.
Some bets were made that the price
would reach % within week, and almost
everyone agreed that, sooner or later, the
stock must 60 up. This expectation is
based upon the known business of the
company as well as upon the belief that
the dangers of litigation are now measur-
ably at an end. In the course of the day
several hundred shares changed hands, at
prices varying from 24ii to 81 say 200 at
25i; 100 at 24a IS at 24f; % at 24a;
100 at 24!; 100 at 241 100 at "a. and
after the Board, 500 at 24l. The latter
was sold by one broker in two lots, of 400
and 100 shares. At the Board, none of
this stock was sold.
Calcasieu Sulphur stock has almost en-
tirely recovered from the effects of the
violent assault made upon it by the bears
last week, at least as to the ordinary
stock. Preferred, however, Is. still suffer-
ing and languishing. The ordinary stock
(15 shares) sold yesterday at II. Inquiry
at the Office of the company showed that
the 500 reserved shares to be distributed
among the ordinary stockholders are ra-
pidly being taken up. Of the preferred
stock so shares were sold at gig.
Levee scrip made an attempt last night
to show itself. after long slumber.
Whether its sleep has proved strengthen
ing and refreshing remains to be seen.
After the Board, $50 shares were sold
at 81.
The only sale made last night at the
Board was five new city seven per cents
(funding) at Zoe: The offers and bids
were very limited, many favorite stocks
being passed over without notice. This,
of course, is owing to the absence of Or
ders; and this, again, is due to the
scarcity of 1aoney. Until the existing
pressure is removed there will be very
little speculation, and brokers will have
to content themselves with anticipations
of better time. How great the strin-
gency has been is illustrated by the case
of lottery stock, which has paid SIS IS
share during the last year, and which, it
is believed, will pay at least $40 share
in the beginning of January. Yet this
stock has within the last few days sold as
low as $50 SO.
We hear of several new stocks which
will soon be put on the market. Among
these is Jefferson City Gas stock, which
no doubt will become a favorite, and
meet with ready sale. The works are now
nearly completed, and they will soon be
in operation.
In order to show what attempts are
made to divert the trade of Texas from
this city, we extract the following from
the financial article of the New York
World:
The interest on the Tebo and Neosho
Railway COmpany's first mortgage bonds
seven per cent interest in goodwill be paid
at the office of Messrs. Clark, Dodge Il Co.,
bankers, Wall street. on and after Deem
Der l. This road is the Missouri eastern d.
vision of the important trunk line called
the Missouri, Kansas and Texas Railway
Company. This line has the exclusive
right to build railroads in the Indian Terri
tory. with the terminus at Galveston, Tex
as, and also to CamargO, on the Rio Grande,
at the frontier Of Mexico. The road is
already built seventy miles into the Indian
Territory. This is the shortest line by over
one hundred miles from Chicago and St.
Louis to Texas.
The following were the offers and bids
Ut the Board last night: