New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15
ON CARONDELET STREET.

II 4Ae cottOn market is brought to stand
l. still by scant supplies. Yet the sales ar
6 made at full prices, and frmness mark
e the features of the business. The co
o quetry of irregular prices, the blow 10
. aid blow cold manner of factors, seems t.
g be gradually giving way, and with tn
e regularity and s:eadiness of prices come
9 the haroinger of a fuller crop than was
, two days ago anticipated. 1t may be
startling proposition, but as far as fore
: telling the future is concerned, maioritie
t are not often right; the minority wins
: The favorite theory of coming cotton, like
; the tavorite horse in race, is seldom thu
winner, though it may have good run
We have only to glance at "old files tc
prove this. To tell the coming crop is
beyond our eyes, but that both sides in
the disputation will be astonished is GU,
belief The sales made yesterday were at
full prices, though there was none of that
activity which cotton men had been led to
expect would arrive before this time
We notice little change in the money
market
Gold opened at 49,, and lowered in
New York to the figure of 49,. For
some time our gold was rated higher than
on Wall street. Now the proportion is
reversed, but from what cause we are un-
able to say. Yesterday the prices ap-
preached nearer to an equality than for
some time. The principal sale heard Of
was that of $1,000 at 1871.
An unusual amount of domestic sight
sales were reported, and came to the sur
face without effort. Twelve thousand
dollars sight on Boston was sold at |
preni I'M: S15, 600 on New York was dis
posed Of at 3-16. Numerous small
amounts were of course sold within this
rate, the large numbers simply showing
| the course of the market.
Dealers in gold are content to wait for
events. They are neither bulls nor bears
Content to make a fraction by waiting
until 1t comes They rest on their laurels
won On former occasions, when gold
was the medium of speculation.
A sale of 100 shares of Pneumatic
was made at 81, buyers option thirty
days. The market is Sc % to s6 80.
No satisfactory experiment has yet been
made with the new tanks, which arrived a
few days ago.
The activity in the flour market ap-
peared to be spasmodic, as it settled
down to quietude yesterday, though the
prices indicate frmness. The export in
terest made its appearance, but was salts
fed with a mere Introduction, and bowed
itself out with 700 barrels. The local
demand was unchanged
In pork great frmness is exhibited, the |
active movement which prevailed short
time ago having subsidized, leaving the
prices behind.
In sugar there is vet no movement an |
tlcipating the new stock. The supply of
Louisiana has nearly run out. The sales
made lately have been on private terms
There appears to be great diversity of
opinion on Levee stock. 1t is great pity
some of those wise heads on young shout
ders that are forever telling what the
stock ought to be and at what it should
rule, are not able to control it, so that
their foretellings might be verified. The
confidential prophecies, the momentous
predictions that have been unburdened
from such souls within the past few days
have been ''fearfully and wonderfully
made, only they lack one essential char
Of them come true. No
one seems to be authority upon this mat
ter. and the stock always goes up or down
in the wrong place. In the morning tie
stock was firm, about eleven o'clock it
looked wavering, as if hesitating which
way to go, up or down. In the early
hours Of the afternoon it rallied, looked
better and cheerful. During all this time
The stock was changing hands. Why there
is no movement on the part of the COM
pany to set to work while the time is fast
slipping away; why there is yet no
engineer to join with the other officers in
''panning out levee construction; wby
here is no sign of the usual formalities
which ante-date the vigorous prosecution ,,
If all improvements; why there is not 6
wen theory upon which an improve l
nent in the stock can be based, is vet
unexplained. There is no news. The
ales made, however, for once form line t
lpon which the movement of the stock
nay be traced. Wednesday evening 100 :
hares sold at 81 Is, and were resold soon .
.ftsr tor IS. Thursday norning 400 .
hares sold at 81 %, $50 at 81 50, and at +
late hour 100 shares were disposed of a. e
)! TO- showing the rate to be 81 25@,7 so. Il
We heard the first of these sales alluded p
as catching fly" but as resale took a
lace at S., this proves the remark not to NJ
e we'll founded. Is
non. l.. A. Sheldon, of this city, was at -
nj