New Orleans Republican., 1871-10-05
on CARONDELET STREET.

ON CARONDELET STREET.
Gold has recently undergone new phase
being rated as high as 1l5, as $4,000 we1
sold yesterday at this price. and is general.
quoted higher by one-half to five-eighth
than in New York. This rise is attributed
to the stoppage Of gold from Texas b,
quarantine, the latter State being the prin
cipal source Of gold supplies.
For State warrants there is no demand
whatever, and the sales are not heavy.
City ten per cent bonds are quoted a,
s5 a 81, and city appropriation certificates a,
sass.
Domestic exchange is heavy.
The demand for discounts in the money
market has undergone some changes, as the
rates have risen, but are yet SO unsettled
that reliable quotation, as an index, is
difficult to be had
The stock market was decidedly sensa-
| tional during the course of the day, and
shares by the hundred and by the thousand
were disposed of with an abandon and reck.
lessness perfectly bewildering. Slaughter
house appeared upon the street no longer
proud nor defiant, but with trailing pen
nant and bedraggled banner. A sale Of 200
shares was made at SO 30, when the day
before it could have been sold at $25. and
this circumstance set the interested parties
by the ears. Then sale of so shares at
S25 was also reported, and this was about
all the sales which are said to have been
brought about by the recent action Of court
in the several Slaughterhouse cases. Bids
Of S24 were freely offered later in the day,
but none Of the stock was to lie had even at
this, lower figure than has been reached
for some time.
Levee stock acted in most extraordinary
way. 1000 shares being sold at s. so, and
Immediately resold at = 755 900, 100, so and
$50 shares were sold at s. IS, which appears
to be the rate which can he obtained for it,
though it is quoted at 81 25 and s. 80 be-
sides, and in the confused jumble Of opera
tiOns and opinions from which one is COM
PEELED to select. it is almost impossible to
get at the accurate position Of the market.
The lever of the bears is constantly at work.
Even the iquefaction to which the streets
were subjected on the late rainy day was
pointed out as proof that the company GER
tainly could not build three million cubic
yards before the first Of January, and hence,
that the forfeiture of the charter was GER
tain. The water will be down upon us,
and we shall be living at the bottom of the
swamp before the levee company will do
any work This was the remark of bro
ker who shortly after wanted to know Of
stockholder what was the least he would
take for the trite of hundred shares of
the company's stock-not that he desired
it, or believed it profitable. He only asked
the privilege to put it among the curiosities
of his mansion. and the Carondelet an
tiquities of his 1ireside. The bears will not
cease working until they receive as many
shares as wanted for speculative pur-
poses.
The buying and selling of Waterworks
stock was rapid and unprecedented. This |
was purchased generally by the thousand |
shares. One Of these buying scenes was
where a thousand was offered at 20, to |
which the other replied that he himself |
would sell at l9, whereupon the first |
that he would sell at ls, and SO on
until at II 1000 shares were put down as
sold. Many incidents similar to the above
transpired during the day, giving at the
close the following sales of Waterworks:
DSl rlo
1000 at lsc, and 500 at 22c. A persistent Of
Ter to buy 5000 shares at Ice was made
throughout the day. but failed to meet with
my response. and indeed it was set up that
here were not that many shares on the
market, to which another dealer answered
,e wouldn't bet on that. Some decision or
settlement is evidently anticipated, and it
8 this that brings about the liveliness of the
rading.
Stock of the Ammonia car company ap'
'eared on the street, and lot, in the aggre
.ate making 220 shares, sold at As. This
5 the introduction of the stock on the street.
n short, it seems that Wednesday was
egular field day for the buying and selling
f stocks of all kinds.
The probabilities to which the Cotton Ex-
hange report gave rise were measured by
general advance along the whole line of
bout asc, sales being made at an advance
f lac, and also lac. This shows the long
rop believers have taken back seat The
,quiry was active, stimulated as it was by
liverpool and New York advices, but the
ayIh hor |
y skirmishes and engagements with the
actors. whose pretensions made buying re-
ricted and freedom scarce.
DIED.,