New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-21
ON CARONDELET STREET.

The Brokers Board has not concluded
to commit suicide Immediately. The fs-
verish symptoms, that it was feared would
result in mania in that direction, have
generally subsidized and Carondelet street
is now las well as could be expected. y
Business appears to be picking up. A
few new faces are seen upon the Rialto,
and some of them belong to wide-awake,
energetic, pushing men, whose activity
and nerve are Just the desidruta during
the present emergency. They would
shake trade out of q board of mummies
with only half chance to get at them,
There was good deal Of talk yesterday
about Slaughterhouse, but few trades were
reported. The time to realize on this
stock at a profit doesn't seem to have ar
rived. On the contrary, it seems to be
suffering under slight indisposition and
weakness. The offers to sell were not
illiberal as compared with the rates at
which recent transactions have taken place,
but no one was willing to give SIC rs, 1t
which figure the stock was freely offered.
Fifteen shares went at SIG So but that
price was bid at the board without res ults.
Navigation continues to attract atten-
ton. 81 shares sold at 50 so; so at So,
and We heard Of sales of 400 at prices
ranging from g so to So so.
Quite movement was apparent in new
city seven per cent bonds. $1,000 and
$4,000 sold at -; 5000 and $1,000 at
72b: $1,000 and S11, 900 at 72ii, and $4,000
at 72ss. $3.50 and $1,000 city seven per
cent Fiscal agency certificates sold for
S6,-dates sixteenth July. A small lot
of Metropolitan warrants was disposed of
at 95.
New State warrants have slightly i'm
proved $4,000 brought IS, $500 realized
Isl, and $4,000 changed hands at 75l.
At the board $40, 900 sold at ISL.
Sugar Shed was the subject of good
deal of conversation during the day,
very good inquiry manifesting itself, but
not developing into much beside inquiry.
A lot of SO shares and another of Is
brought s26 So
Five hundred shares old Ship Island
stock were sacrificed at 25 cents At the
board 20 cents was bid to 80 asked. $500
jackson Railroad change issue" sold at
40 cents. This is considered decidedly
low figure. s249O Merchants Insurance
scrip, 1870, brought e2s cents. A sale Of
eighty shares Mechanics and ATraders
Bank was reported at $39 IS. The same
figure was asked for the stock at the
board, with no takers.
The Times is anxious to have stock
quotations accurate, and says sit is very
easy for the bears to bid $50 for stock
which they know could not be purchased
for $50, or SIT for what could not be
obtained for $40" The brokers are not
apt to waste their time that way, and
it is really not quite easy to make
out the drift Of the Times remark
What stocks does the Times refer to, and
who are the guilty parties? We do not
know any reporter who is interested in
the price of stocks except as matter of
news, and if there are any persons who
mislead the reporters Systematically, let
US know who they are. We agree with
the Times that "stock reports, to be worth
anything, must faithfully represent the
actual condition of the market" and We
don't know monetary reporter for the
city press who does not aim to do Just
that thing, and as rule the reporters
come very near the mark
At the Board Of Brokers, last evening
100 shares jackson railroad stock sold
Sellers option ninety days, fat at So
The offers and bids during the session
were as follows: