New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-10
ON CARONDELEr STREET.

Cotton winds up the notes of the week il
an orchestral accompaniment to New
lork-all pieces engaged. The better con
dition which closed that market yesterday
was echoed here in large sales made wher
prices were already about to bound upward
and, consequently. transacted at disad
vantage to buyers. Some sales were ope
! rated only under an eighth advance beyond
Friday. None were made lower than on
that day. and it is deemed By cotton wisea
cres that We are in the midst Of another
"spasmOdic shoot" from which the smoke
will soon clear away.
Gold is again on the ascent. and is here
rising beyond the range of 10. Among
financial men the illness of the Prince of
Wales was still the topic Of disc ussion but
the current of opinion appeared to settle
down into the belief that not much of a con-
fusion would result in the event of his de-
mise The English people are not so easily
moved into civil melee as in France, and
from.a strong government to a condition of
chaos there is more than single step. Such
are the conclusions reached by those who
are deeply interested in the stability of the
government and hence the security of it's
securities.
Domestic exchange contains none Of the
elements of variation. During the week it
has been steady as "A liberty pole.
Foreign has ceased to show the first ele-
ments Of oscillation. and is untouched by
foreign advices. upon the truth Of which
gold and solid securities hang in great sus-
pense.
There IS a growing impression that the
day OF fancy stocks has waned The bust
ness in :heM has played out The last
agony OF this branch of brokerage was
when Levee stock went down into the
shades of s. 80, and 1.-The big disgust which
reignea il the bosoms of spectators then
has not ceased to operate since.
The fances are all going to the wall, if
they have not arrived at that destination
before. and deep as the pocket may be it
can not carry these now without loss. Is it
not rational to suppose that stocks which
provide no security against watering" that
are not numbered nor checked Oft, and
which can be transferred without access to
the books. should deprecate when the pa
per mill no longer ''plies its avocation -
Improvement companies by the score.
with canal and timber facilities, as well as
emigration companies, are already dead.
1t is scarcely possible that outsiders"
upon whom the brokers live. and whose
orders they expect to fill. should become
Disguised and tail to see any interest in
such dealings. The market is growing
duller by the day. Only Slauehterhouse,
and Mexican Gulf. and AM
mOnia. are ever spoken of or alluded to-
Even in these, orders are filled quietly and
without Ostentation. while the chorus of
light stocks are mersed in a background
shadow. out of which nothing but an act
Of the Legislature giving them State aid
Will ever rescue them-alive.
Slaughterhouse improves, So shares sell
Ing yesterday at $lS 7le. In small
amounts it could not he had less than 500
The late application for appeal has weighed
down Mississippi Valley Navigation stock |
to s.. and buyers of this stock We're scarce.
There were no sales al the Board of |
Brokers last evening. The offerings and |
hi.lS foil