New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-30
ON CARONDELET STREET,

eipal activity is displayed IN State war
| rants. which have run up to So At this
| point it does not seem as if much more is
to be got out of them, and yet they are
freely taken up at that figure. The rise
has been so rapid and SO great, that it has
amazed many of the operators. and dis
gusted others who had made haste to sell
in the neighborhood Of so. One well
known st. Charles street broker is in a
good deal of trbulaion because he missed
making an extra $40, 600 by selling at rs.
Pneumatic stock was in a state Of col
| lapse yesterday. Early in the morning
! some active brokers were trying to get off
at 500, but it was soon whispered about
| that lamentable accident had happened
the night before-in fact, that one of the
famous air tanks had exploded, and made
great smash Of q good many tlittering
hopes and promises. We don't know,
however, that this ought to create despond-
ency. Other things than pneumatic air
tanks frequently burst. Steamboat boilers
burst very often, and yet we do not despair
of steamboats,. Banks burst, and yet we
| establish other banks. We trust. there
| fore, that the panic in pneumatic stock
will subside. The holders may yet become
great capitalists, and live to see thousand
aerial cars rushing muleless through the
| streets of every city in the land.
| Petroleum stock seems to be almost as
badly off as pneumatic. Its course is daily
downward, as the prospect for the expect
ed State aid grows vague and dim. 1t is a
| pity that so many fond anticipations
should be dashed; so many bright hopes
darkened; so many visions dispelled; so
many chateaur en- Espog',e demolished
from ''turret to foundation stone,' simply
for lack of flourish of the Executive
| pen.
Ship Island was very firm yesterday, but
buyers and sellers came pretty close to-
| gether. The stock was offered at 1929,
and bid for at 100. The President ofsthe
company, Mr.. George f. Brott, has return
ed to the city, and it is believed that he
has been very successful in accomplishing
the objects for which he visited the
North.
Slaughterhouse fell off slightly yester-
day. 1t was sold on Saturday at 22T2 2iI,
and yesterday at Oh. The decline is at
tributed to the delay of the Supreme Court
in rendering a decision 10 the pending
case.
Gold was triie frmer yesterday, ruling
in New York at ILL.,. 1t was thought that
the publication of Mr.. Boutwell's April
programme would have the effect Of stiff
ening the market, but this view seems to
have been incorrect. Perhaps any effect
of that nature is more than compensated
by the anticipation of s2I, 100000 of gold
interest to be disbursed by the government
on the first OF May.
The following, in relation 10 Southern
securities, is from the New York Herald of
the twenty-flth:
Wall street had another demonstration to-
day from the AnglO-American stock gamb-
ling combination who have been working
the market on both sides of the Atlantic.
Recently they operated III Illinois Central.
Last year they manipulated Northwestern
preferred. Now they are working IL the
Southern State bonds. Having run up the
foreign market they sold heavily in this
market. To-day the cable brings news of
collapse in the former, with the result of a
sharp decline in the latter for those bonds
which have been manipulated by them.
The Virginias declined to sixty-nine and a
half, " hich is about six per cent of a fall
from the prices to which this speculation
carried them. The Louisianas also gave
way, but have not declined so sharp
" as the Virginias. The Alabama
fives were strong and rose to eighty. |
The North and South Carolinas were steady |
and quiet. The Tennessees were firm and |
fractlonally higher. TIE latest street prices |
of the Southern list were as follows: Ten
nessee ex coupon, 5S@59; do new, 50l@5Oa; |
do five per cent, 44@45; Virginia, ex-cou-
pon, 690QT9; do new, 69@69a; do registered |
stock, 57@58: do registered, 1866, 66W67;
do registered, 1867, 62@63: Georgia SKIES, |
86@97; do seveIs, 93@93{; do seyens, in
terest payable in Georgia, $1,000; North
Carolina * coupon, 465@47; do do new.
souri skies, 924@92s; do Hannibal and |
St. Joseph, 92@93; Louisiana skies, |
1901: dosseveus, 6O@81 do Fights, 9l@92; |
levee skies, 76B@77; do do Fights. 9l@93;
Alabama eights, 97@98; do fives, 7S@8l; do
skies, sterling, S0@S2; South Car Dina skies,
5000; do new, S2@S2s; do registered stock,
SO@82; City Memphis SKIES 5l@51s; City At. |
lanta Fights, S09S5; City Savannah sevens,
S65@ST: City New Orleans consols, 1876;
do do, issue of railroads. 72@73; Mobile and
Ohio sterling, 1876; do eights 67@6S; Mis-
slssippi Central Railroad, first mortgage, Is
or; do second do, 60@62, Memphis and
Charleston first mortgage S6@67; do second
d. 77@78; do stock, 46@4S; Gleenvie and
Columbia Railroad, guaranteed, 72@75;
Macon and Brunswick, guaranteed by |
Georgia, $685.:
The following were the transactions at
the Board last night:
Asked Bid. Sold.
New Orleans Gaslight Co........- Isl
Leyee s. cam Cotton Press. SO
Crescent City Slaughterhouse.. 2l3i az
Ship Island Canal Company .l91 1s71a
Petroleum Conpany..--.- % -
Jackson Railroad. d so Is
Darrolltor Railroad Company.. I0l
Pom char rain Railroad. .l6S l67H
Canal and Claiborne Street RR. as
Sermania National BRnk......n6 lO4
Merchants Bank. "a
New Orleans Bank. ....-......... 40 391s
Mechanics and Traders Bank. AZ At
Union Bank. IS
Bark of America. ............... 1861
Louisiana state Bsnk........... IL. II ia |
Canal Bank. a.
Citizens Bank. .lj5 $50