New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-21
ON CARONDELET STREET.

Slaughterhouse decllneth. A lou OF
fifty shares was sold yesterday, bringing
SIG, SIS IS and SIS so. What operates
to cause these fluctuations? We cam
discover: but is so plain that he who runs
may read that the price Of Slaughterhoust
does not 90 up. We no longer hear the
sonorous voice of rotund official sup
porter of the stock, bidding for huge lots
way above the market rate, whenever al
indication of fall is apparent. The up
holders of Slaughterhouse have become
cautious, and they do not put themselves
in the breech now whenever danger
threatens their pet institutions; but few
months ago there was nothing too reck'
less in this line for the enthusiastic be.
levers in the great monopoly.
Some of these champions have been
forced to lay down their arms and stock
together, and the street has no mercy
upon them. Ingratitude shows itself,
once in a while on Carondelet street, as il
uOeS elSe"uc1e. Vul1c oAO pc'i eiOo ~
ferred to could keep up the price Of the
stock, they were almost worshipped.
Now, there is no one so mindful of thei1
past services to the street as to do them
any reverence. They are thoroughly
''played out" and under the circumstan-
ces it would be altogether too much to ex-
pect that they should be regarded with
any consideration.
Ship Island seems to be gaining
strength. Why, it would be as difficult
to explain as to account for the subsistence
of Slaughterhouse. Twenty-seven cents
per share was offered yesterday for a
round lot, anywhere from 1000 to 5000.
Possibly, the bidder felt safe in supposine
that no such amount could be raked up at
short notice.
Two shares of Germania National Bank
were sold at s140 Thirty cents is offered
for the Stock of the Bank of Louisiana.
Some business was done in State war
rants; $4,000 (old) were disposed of S.
$4,000 at 49,; $500 at 81, and $500 at
SS; $1,000 new sold at 719, and another
lot at 20; $1,000 Metropolitan warrants
brought Sc, and another parcel, same
amount, sold for 96}; $1,000 city ten pei
cent bonds were disposed of ats5.
The gold trade was dull. Our dealers
bought at 1852, and sold quarter better.
In New York prices were as follows: at
ten, 1158; at half-past ten, 115l; at noon,
1859; at three o'clock, 1154.
The exchange of city bonds Of three
million issue for Floating Debt certii-
Gates goes on apace. Yesterday offers
were accepted by the city of S27, S52 %,
in certificates, for s33, 7O1 % of bonds.
1t is an error to suppose that small in
vestments can not be made in these
bonds The denominations run as low
as $50 and 500, and bonds of these
sizes are specially reserved for small
holders, such, for instance, as are upon
back pay rolls. The current and accepted
price being S2}; bond of $50 can be
bought with a certificate of SAL 25,
the only variation being that interest is
added to this price at the rate of seven per
cent from first June, to cover the elapsed
part of the coupon interest, while the in
terest on the bank certificate is allowed
from its ISSUE Where the certificate, for
instance, bears date June l, the two in
terests offset each other, and in other
cases they do so as far as they go. We
have been thus explicit to answer innu-
merable inquiries, and facilitate small
holders in making their calculations, and
effecting negotiations. The fractional diff
ferences or odds under $50 are payable to
the city in cash. All exchanges and ne
gotiations are made at the Bank Of New
Orleans.