New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-26

to do?" There it is immovable, mere du
clod, which, though it may be kicked abou
by speculations and trod upon by demands
still 'gives no sign" and IL the same oil
clod forever" The chief directo
answers, II am but fgure-head.
leading broker declares that McComb ha
nothing to do with the company. But a
soon as ones ears are filed with nara
tives Of the stock visibly declining, tn
opposite interest report sales made at tn,
highest figure. A banking firm hawket
about 100 shares yesterday at Sc so
about two oclock-no takers. The1
again the following ''clean OUT was mad
in the morning hours: 100 shares at 81
100 at Sc s74; so at Sc s71; 100 at Sc Is
Later in the day sale of 200 and 10(
shares was made at Sc so. In the midst
OF these contradictions, it is hard for one
to make up his mind, though ''outsiders'
always step in to buy when the stock
shows signs of ''going down to six
Pneumatic stock, the only other medium
OF the speculative spirit beside Levee,
stands still as if undecided whether to leap
up or dwindle down. We have no basis
for quotations, though the general report
is firm at s4,' The tanks are still be-
lieved in, and the Pneumatic goose hangs
high, according to its friends.
Among we'll informed moneyed men it
is bell eyed the department has prevented
another gold bulling operation on Wall
street, the rifle in the root of all evil
with which the market was in full SYM
patty having subsidized to the ultimate
cost OF the operators who found the cor
ner this year the old game of playing
with fire." The key with which the lock-
ing up process was managed did not work
well enough to close the door opening on
the free dom Of the market.
Wise heads are evidently watching the
railroad kings, whose army of brokers and
followers sought to make the gold market
stringent The department held the power
to keep the market easy, and exercised it
well. No one will complain of this action,
by which confidence is restored, and the
money marplots routed.
Gold has recovered its steadiness. and
in this market was sold yesterday from
1134 to 114l. ruling in New York at 1143,
showing more evenness and smaller dis
parity Of rates than has been maintained
here for month past. About SlOO, 900
was disposed Of yesterday at the reported
quotations.
As usual, Monday was a dull day for
cotton. Factors We're reinforced bv en-
couraging news from over the water. and
not being willing to surrender on any
terms, made buying heavy and specula-
ion collapse. In the Cotton Exchange |
he fine weather and the hopes it awakened |
stirred in the leaven like yeast, and the
believers in long crop left the back
ground and came 70 the front" with de-
liant mien and Il told you SO" in their
aces.
A categorical circular issued on the
irst of September last by the proper CON-
nittee Of tie Exchange has gone on its
earching mission, and from the replies
n writing which viii come in report is
o be deduced and publication made after
he usual condensation. Cotton raisers
ave an unwillingness to answer 'lonc."
hen 1t is to their interest to say short
nd besides, desire to ''hold back the
otton is talked abou, to secure good
rices, similar TO the ''gold for cotton
sovement Of las: year. Such are the
wings and misgivings heard upon tie
rect. Prices are unchanged, and bust
ess Is done On last weeks quotations.