New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-12
.oH oARoNDEI,ET sTREET.


though the remarkable caution exhibited
on the street should make things dulle
!, than they are. A sale of one hundred
shares of jackson railroad was made a
six. The new prospects of the road ap
pear to be frightening, and certain
rumors that it is somehow connected
through management, with the Pennsyl-
vania Central railway only tends to i'm
prove its stock.
Five hundred shares of Levee sold fol-
ten dollars, but the market was Quilted OF
this stock, and no inquiries could reach
IT, Several Of the incorporators of Levee
nave sold from one-half to three-quarters
OF their interest in the company, which
when heard, created the impression that
the concern has ''gone up" but, on the
other hand, nothing is more delusive than
such sales, as the same parties, in one in
stance, who sold for ten dollars, turned
and bought for eleven dollars within a
second Reports against the validity of
the contract with the railroad men, state
ments that no money will be paid
down-aH these are pronounced humbug,
and the efforts of bear movement which
has been SO successful that the stock
never keeps up.
rheumatic sold yesterday at five and
quarter, having fallen to this from nine
dollars, and so the statement that the
movement was a deft exhibition Of the
kite flying is true. Diigent inquiries
failed to elicit any information why the
Pneumatic should rise at all
In spite of all the appearances of
movement, there is such dullness on the
street that "a coup d'oA along two or three
squares positively produces a mawkish
feeling, for every one looks as if only by
the greatest effort one could be keptaIiv
Gold crept up yesterday to twelve and
one-eighth in New York, and here was
from one to three-eighths in advance,
though an absolute paralysis seems to
have struck it-no sales being made Of
any consequence.
The late political contests have seriously
effected business operations, and have
made things unsettled. Nothing is SO
as capital, and in unquiet times
there is no investment and none of those
ventures made which, taken together,
constitute good market
The air seems thick with cotton predic-
tons. Everything brings it up. A coming
cloud is hailed as bad omen, on account
Of damage to the crops. For the cotton
worm there is no vermifuge. These SUBJ
lects are harped upon every day by ship
pers, railroad men, brokers, contractors,
grocers, bankers, factors, commission
men and everybody else. We have not |
yet found man who will risk a calcuIa-
ton upon it, though estimates have been
given in as low as seven hundred thousand |
bales shorter than last year, and all the
way to a million less from this figure.
Yesterday the Liverpool adyices had an
1gly look and communicated such
features to the market, which put on a |
ong face and refused to be comforted.
There was but slight inquiry, and there
would have been no sales even if the in
iuiries were better, in the present IN
Reports come to the men on the street
hat money is plenty everywhere-that
he repositories Of cash are glutted with
t. France pays up her indemnity. with
'ut any trouble or commotion, and the
Iaily news by cable and the ordinary lines
re replete with every evidence of the
'ientitude of capital. The stock market
ere has, as a consequence, every induce
lent to be buoyant aud active. Notwith-
landing the many crises, the falls have
ot been disastrous, but soon rebound
In flour there is no action-the market
; now well assorted-but prices are in
lined to drop, feather-weights turning
ae scales Prices are more in favor of
uyers, but still there is no disposition to
peculate.
A direct shipment of one hundred and
inety-seyen hogsheads of tobacco was
Jade yesterday to an African port, the
rst of the kind in the history of this
ort, such shipments usually being made
trough other cities.
Notwithstanding the report of levees
I'D at ten, there is none to be had at that
rice, twelve being offered without
.o,oooco