New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-29
ON ~CARONDRLRr STREET.

The stock sales during the week embrace
20 shares st. Charles Street Railroad tina
sold at $75, 1000 Crescent City W~aterwerk'
at,l5 cents, Is shares Louisiana Lottery solo
at S6l, Is Of the same n $65, 10 shares Hi
hernia Bank sold, at $l32, o small lot O
State National Bank sold at 500, ten shares
Mechanics' and Agricultural Fair Associa
ton sold at I'll, and 50 shares Pneumatic
Propelling Company sold At 81 IS and n
at q. -ad4 o3s -,l.5i sr e::s|t
From the above catalogue of operations
it viii be seen that dullness Is tho prevail
ing characteristic Of everything in the stock
line. .AssLaG w. tgIo
Levee made yesterday an attempt to rally,
but closed at % IS, without sales of any
moment being made or without q strong
disposition to sell at such . figure. Action
q the company is still q doubtful question,
and q thousand rumors start from head
quarters against the company like winds
from the ave Of Eolus.
Money, secured by unquestionable col
lsterals, was rated at ll0l2 per cent, and
the rate during the week has undergone no
change. Mortgage paper is placed also
among the unchangeables. From Gals per
cent il asked and received, though the de-
mand in this direction 10 not Of sufficient
strength to authorize an oscillation. Par
ties who seek loans Of this kind never go
into the market unless, out of one dollar
borrowed, they may have the chance #
making two. Without . stay Of this kind
to temper the transaction, mortgage boz.
rowing Is ominOus. A class of brokers who
hawk commercial paper about the stree t.,
are satisfied if they sell it at " per emit
on short time. No extraordinary event in
this line of business happened during tie
week, though the demand for discounts Of
the banks showed symptoms Of strength.
Gold closed on Saturday at 1l2A to
1874, and thence was quoted .: 1924,
ll2h, 1928 during the week, showing IN
inclination to be immovable, and . less dis.
position than was evident the previous
week to decline. So marked was the fall
ing of gold Ae1dre Mooday, that brokers
were IN the lookout for . marked change
in the market, which, however, did mot
take place. Last evening gold closed at
1924. The sales made have not been
marked, and consisted Of the ordinary de-
mands Of commerce. .
Foreign exchange has shown activity
the week, with the exception Of
Thursday, when it gave signs Of q weari-
dullness. Large sales have been made.
Domestic exchange has been dull, heavy,
inanimate, but never active. The stream
remittances have almost grown dry.
The banks check on New York al a.sl;ght
discount.
Cotton has declined during the whole.
week from day to day. There were hopes
among the interested parties of the pulse
rallaying to it's over eminen. condition of a
fortnight since, when strict low middling
bid, fair to reach 2Oc q pound. 1t may
said irreeularity was paramount during
The week, the market being sensitive to
> breath, and changing on an intimation.
The general run of prices, however, moved
Town. Yesterdays sales showed that the
1ecline was not inclined to stop, and prices
we're from u to No lower still. The active
and good inquiry, rapid sales and
mall profits are certainly refreshing, con-
the dnllness in the remaining
branches of business.