New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-17
ON ,CARONDELET STREET,

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ON .CARONDELET STREET, gr
The most animated scene on the street
Yesterday was witnessed after dark. The
usual pleasant knot Of brokers had assem-
bled upon the Gold Room" banquette.
The air was balmy. The usual discussion
upon the days prices and transactions was
pursuing its even tenor. Fragrant odors
from we'll selected Havanas pervaded the
neighboring atmosphere. All at cethere
was sensation. A very well known and
gallant member Of the fire department.
who manages to do . good business daily
II stocks, and is always ready, semper
paratus, at any hour, to take charge, Of any
number Of hooks and ladders at confla.
grafton, started very pretty shower from
the street hydrant among his oonfreres,
sufficient to display his skill at the hose and
to induce q scatteration Of fnanciers. Cold
water was thrown on q variety Of schemes
Matching for tomorrow, and most agree
able and exciting story came to q plump
end. with which the camphor trade was
not wholly disconnected.
The street showed little animation dur.
ing the day. We gathered the following
about Slaughterhouee transactions yes
terday. Whether some Of the sales mem
toned were not altogether upon one side of
the street among friends in the same inter-
est We don't pretend 70 say; we give the fg-
ures as they came TO ~. The market
opened very weak. In the morning no
one could say that the stock was really
worth SIS. Amovement was made, how.
ever, that increased the altitude of the
price. % shares were sold ct SIC Is;
100 at SIT; so at SIT Is; 100 at SIT 80;
Is at SIS; and late in the evening, 60
shares brought s1z. We can not safely
quote the stock as worth more q. the close
of the day than from SIG SO TO SIT. The
market went up and subeided without
much excitement. There can be no such
thing as deciding upon an absolutely
fair price for the stock until the law cues
tons involved are decided with something
like definiteness. The ultimate result of
present complications can not be con-
idently predicted Pluck, endurance and
bank accounts must combine to ensure
success, whatever may be the legal value
Of the various points at issue. Mean
while the investing public is not disposed
to buy the stock largely. sas.xEs 3 I'D Z q
Valley Levee was weaker yesterday.
We heard of sale Of 200 shares at 50.
Other sales at a, much higher rate were re-
ported, but not verified. No sales of Ship
Island were reported. The value of the
stock. did not seem to vary from yester-
days quotations. $3.50 and $1,000 in new
State Warrants sold at 81 cents. About
1000 in Metropolitans brought 97ss, and
$4,000 were sold at 49,. Twenty-six
shares of Bank Of New Orleans were dis
posed Of at $40. q agCss-s g. s W
/ We believe that the certificates of the
,ity to cover that part Of its floating debt
not provided for by the city charter, will
be printed here and speedily be ready for
in case, of the adoption Of the
ordinance concerning this part Of the mu-
nicipal debt introduced by Administrator
Shaw Tuesday evening last.--The rate of
interest upon the certificates will probably
be fixed at 1910 per, cent, to
date from the issuance Of the certificates.
Obligations covered by registered bills
and not included in the provisions Of the
city charter, will probably be redeemed
in this class of certificates, accrued in
terest being paid in cash on the issuance
of the certificates. ---G 24-. s,s