New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-25
ON CARoNDELET STREET.

Not sale of stocks at the Board last
night! Almost nothing done on the street
all day! Profound dullness everywhere
Recent events seem to have satisfied the
brokers for the present. A good many
burnt fingers dread handling the usual
run of fancies. Parties usually quite con-
fdent Of their ability for any emergency
have become suddenly less self-reliant,
and enterprise is completely defunct.
Energetic offers to buy and sell, on the
part CT dauntless few. met cold responses,
and many of the boldest and clearest
| heads seem to have lost their tongues in
the face of propo sitions that, day or two
ago, would have elected the most eager
interest. No perceptible change in
prices took place yesterday, but there
were hardly transactions enough to afford
| basis for estimating the present value of
anything. Men having money to invest
don't appear anxious to acquire posses
sion of any of the various prettily en-
graved certificates which represent the
stocks lately most popular upon the
street The market is thoroughly stupid.
AS far as the sales reported afford
criterion by which to form an opinion,
Slaughterhouse must be regarded as a
shade better than on Monday. We heard
of but two bona .ttde sales during the day;
ch ok IN,
so shares after the adjournment of the
board, at S27 rs. At four o'clock any
part of 500 shares was offered at S2S, SGT
being then the highest bid offered. at
the board $50 was asked, and S27 SO bid.
The market closed at S27 IS, but without
the least interest.
Levee stock sold at $40 IS and S11.
The news from Washington of the earnest
efforts of Senator Kellogg before Congress,
in behalf Of the obie cts Of the originators
of the company, have strengthened the
hopes and pretensions Of holders, and the
progress of events at the federal capital
attracts more attention by far than any
pronostications relative to the intentions
of the State Executive regarding the bill
in his hands.
Ship Island is few cents better; 1000
shares were sold at 81 OSl, and 500 at 81 10.
1t seems that the downfall of the stock
yesterday was due to the granting of an
appeal from recent decision of the
Eighth District Court in its favor, and not
from any action of the Supreme Court
The prospect of the delay thus occasioned
was sufficient to affect sensibly the delicate
condition of the stock to the dismay of
quite a number of holders who had been
hoping against hope for long time.
AS the warm weather fastens its hold |
upon our operators, the attractions of the
fancy stocks wane; but this influence does
not affect substantial securities. Ten
shares Of Bank of America sold yesterday |
at S212, and there is no perceptible dimiA
mutton in the value of similar certificates.
In this class we can safely place the stock
of the Louisiana Lottery, which is care
fully held at about $40. 1t is reported |
that a semi-annual dividend of fifteen per !
cent will be declared on the first of July,
and this fact accounts, doubtless, for the
numerous calls upon holders to put their
stock upon the market.
The Brokers Board last evening came
to the following conclusions about prices: |