New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-30
ON CARONDELET STREET.


The stock market opened yesterday
like an oyster-only with considerable
expenditure of leverage. Levee stock
went up another notch, and was quoted
at S7(17 SO. Sales were not heavy The
popular figure seemed to be 81 81,
though 100 shares are reported sold at
81 80 cash. The stock now goes up of
itself, in view of and anticipating the
rise when the company does in truth what
they have panned out in prospective for
so long: go to work. The interest of
outsiders is now apparent, showing the
great appreciation in which the paper is
now held.
The following transactions took place
in Waterworks yesterday: A broker, 500
shares at lie, 217 at the same, 800 at
25c, 1000 at 32.c. 1000 at 35c, 300 at 3Oc.
He sold 217 and 200 at lie and 1000
shares at Acc; 1000 shares were soldat 4Oc,
300 at 35c and POO at 37!c. We were un-
able to ascertain upon what facts these
safes were luaUt.
To quarantine Canton bound railroad
train to stop the ingress of its passen-
gers, is something like blockading Camp
street to stop people from crossing the
neutral ground of Canal street, there be-
ing twenty different routes from which
to select. This quarantine has fallen
through. but that at Galveston-the depot
ofsupplies to Texas-still, unfortunately,
remains in force. The effect is to lock
up all but the cotton business. as sup
plies can not be transmitted under such
circumstances.
Flour, provisions, bacon. pork and
corn are all restricted and quiet and
falling off in sales is noticed, except for
filling local orders. Even jobbing, usu-
ally independent of calm reason or cold
philosophy, of storms at sea- or political
commotion, is laid out fiat by the Texas
quarantine. The Morgan line threatens
to withdraw, as vessels can not be run
under such circumstances with profit.
The characteristics of the cotton market
yesterday were irregular, prices showing
the uncertainty of opinion regarding the
coming crop. From gentleman of an
intensely practical turn, one of those who,
without much trouble, can estimate the |
number of cobblestones on street over
which he may be passing, We learn the |
prospects of the coming crop are gloomy
indeed. Having travelled through the fat
cotton parishes of this State, in some in
stances extending his observations so far
as to ride through the cotton fields, he
confirms the worst reports of the effect
both of the weather and the worms.
Bolls no larger than hickory nut have
been destroyed. Rains and wet have pro-
duced an absolute abandonment of one
half the large fields. In places where the
planter has not been ambitious, and
where the stands can be we'll cultivated,
the crop looks promising but the
general complaint is that rains, breed
ng worms and engendering grasses,
nave rendered necessary so much
abor to bring out the full strength of the
,lant, as to render the cultivation of the
whole proftless. He has taken vollmirous
totes Of his voyage, and will embody
hem in report for information of the
rade. Nor is he alone il his estimate of
wo million and halt, if that A stream
# letters, solicited and unsolicited, in the
main confirm his own statements. These
nd other reports unite upon the follow
no conclusions There is ten per cent
ess acreage Of cotton planted this year.
If the acres sown and worked Tin bulk,
t least twenty-five per cent will be lost
V grasses and vermicular ravages,
taking, in all, thirty-tive per cent less
IAN the last years receipts to be had.
n the other hand, the late dry weather,
nd the probabilities of cool, dry times
uring picking, have already encouraged
hope Of longer crops than could be
,und to ''spring eternal in the human {
reast' week ago. The long crop
en- are gaining confidence. To give all
lie intelligence on this point is the duty
newspapers. but as for an opinion,
hen, for every cotton ''why, there is a I
herefore;' for each bad, good view;
I'd, in fact, there is not a stand now
ken, no matter on what side, but what I,
IS letters, observations, the records of C
e past, theory Of probabilities, to but o.
ess it, no matter how high soever it may
wer toward the celestial heights Of over