New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-03
ON CARMDELEr STREET.

Bank stocks are reported as selling at
better rates, but there is no evidence be-
| fore the public to warrant faith in sub
stantial rise. The dealers in good stocks
are as close as oysters about their transac-
tons. It is useless to urge upon them
the consideration Of the advantages that
follow from the discrimination Of popular
information. While anything is to be
gained by keeping dark, there is 10 dan
ger Of the brokers getting into Hamlet's
predicament and being "too much i the
SUM- Now there was fair trade in bank
stocks yesterday, and not sale was re-
ported; therefore We say to holders that
they had best be wary before letting go
their investments in these securities.
When the proceedings Of the
Brokers' Board are regularly
published, they may hope to
know what are the market prices for their
stocks, and not before. 1t is understood
that good securities are generally improv-
ing, but no indications that way are ap-
parent to ordinary observers.
We heard of but little traffic in city Sc
curities. $1,000 city seven per cent certif-
Gates fiscal agency sold at the old price,
e4I, and $500 at S.. Three thousand
dollars Of seven per cent bonds, new, not
| reported hitherto, sold Thursday at 70l.
One hundred shares Lottery changed
hands at private terms. Asa rule holders
are unwilling to dispose Of this stock
until we have fairer market, and as a
consequence We must report them firm
at the late high figures. The community
appreciates the fact that the company
makes money hand over fist and that its
patent is for twenty-five years.
Seventeen dollars and fifty cents was
offered yesterday for 100 shares Of
Slaughterhouse, but no one would sell
that much at that !price. There is no
such thing as quoting the stock accu-
rately at this time. An attempt, in good
faith, to sell five hundred shares in lots,
would send the market down far enough
to satisfy the most jealous bears and a
purchase OF that amount, judiciously dis
tributed, would hoist the price to twenty
as easily as rolling off a log.
Eleven hundred dollars new State war
rants sold yesterday at Y. This was
good way below the ruling market rate,
which We quote at from 74i to IA.
Thirty thousand dollars old State wsr-
rants sold at 95-a smart jump from pre-
vious quotations. Twenty shares of Su-
gar Shed sold at 2G; from 2GI to 81 vas
the ruling rate. and a.lot Of 100 sold for
274.
As valuable contribution TO orr stock
of information relative to the needs and
capabilities of this commercial port, we
publish the following interesting letter
from Dr.. Noyes, the energetic president
of the Mexican Gulf Company:
OFFICE Mississippi AND MEXICAN GuLP)
Ship Canal Company.
New Orleans. Louisiana, September ,, 1870
EDITOR REPUBLICAN
make the following extract from the st.
Louis Democrat Of August 3d.
I'VE preach strict economy in handling
produce for the good of the consumer. We
desire to see bread made cheap to the world,
and we know that every cent per bushel
which can be knocked off the expense of
taking the grain from the grower and deliv-
ering it to. the eater as bread, is a mercy to
that eater: and that city, stand where it
may, that devises methods of cutting this
expense down the closest, will become the
great bread broker Of the world. Why is it
that New Orleans can not become a great
her expenses Of handling have
always been so outrageous. She is
\ the dearest port in the country
for a ship to come into and depart from,
and, of course, they must put the enormous
expenses they are saddled with directly
back upon their freight list. This destroys
all her hopes Of ever competing. with New