New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-30
ON CARONDELET STREET.

An additional reason now comes up to
the surface, showing that money will be
| still harder. This is the fact that quarterly
payments will have to be made, and for
this reason cash must be boarded to sustain
credit. Yet extensions are not general,
but exceptional. Creditors are merciful-
sure sign that some relief is soon ex-
pected. The influx from the country is still
large. places of amusement are we'll at
tended, and though luxuries are Topped off,
and business Of all kinds deals in neces-
sites. The time is not far off when the rush
will come. We hear Of no diminution in
the sugar crop, 10 falling away Of the de-
mand, and from this source supply of
money must come. Sugar Shed stock is not
alluded to, holders not being an xiOns to put it
On the market when sellers of all obliga-
tions are SD plentiful. Slaughterhouse
stock has recovered from the news received
lately, which sent it to $50, and was yester-
day sold, though at auction for $i4, but it
will bring bat very little more on the street.
Bank and street railway stocks seldom ap-
pear, except when called upon the street by
the executioner to be slaughtered as
pledges. Holders Of stocks that have been
hypothecated as collateral, bring them
into the shambles quite often Of late, on the
ground that they are going down and the
borrower is unable to put up more margins.
Were it not for the fact that orders for
cotton constantly arrive all business would
be as stagnant as one Of the batture pools
i'll midsummer.
City certificates afford relief to the souls
of those brokers who can not afford idle
ness. Beside, the tax broker. "a profess
sional who has been unknown on the streets
until the past three years. has his hands
full He is usually a smiling, atfable man.
of polite manners and agreeable converse
ton. He knows who are the largest tax
payers. simply because he las held a posi-
ton at one time where they keep the
books, and can put his finger on the point.
He is acquainted with the nabobs by sight
and can stand on the street where they pass
and call the roll by the thousands each are
worth This gentleman has been put to his
trumps OF late. His manners have been
spoiled. Instead of being looked upon as
relief, the taxpayer treats him with
dignitied reserve in some instances. and
downri ght insolence in others. No money
for taxes is the answer, and the tax broker
is regarded with disdain and an air which
intimates that he must have had hand in
imposing the taxes he would pay 10y proxy.
AS for the brokers in money, they are called
upon more eften 10 advance the cash that
has to be paid than they are required to
turn over the certificates. Making change
i'll these last is the great trouble, which is.
however. avoided sometimes by the club
system, and N others by paying with green
backs outright.
The holders of Levee stock in the present
situation are satisfied with the new direc-
tory, and the public at large have the fullest
confidence in their business capacity and
financial security. Well known levee con
tractors, who treated all offers of the old
management with derision. have come up
and taken contracts and 81 ned the neces
sary documents. The stock is quoted at 8
to 8 81 le, though little is doing in it at
present.
The banks at present are lot making
discounts. Accommodations are almost en-
trely confined 10 the renewal Of notes.
The Hibernia Bank yesterday declared a
dividend Of six per cent.
Sight on New York has reached the figure
Of one per cent discount.
Factors are full of concessions 10 puc-
chasers OF cotton who pay cash down. The
demand continues active. For the higher
grades the previous prices rule FOR the
lower rates are irregular. Difficulties in
settlements OF exchange 90 not affect the
demand, bi. may modify the bargain.