New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-20
ON CARONDEI.ET STREET.

| lie paesent scarcity OF money Is at
ributed to the disposition evinccG by mer
chants TO gather means with which to settle
their liabilities, that are due. as a general
thing, within the first four days of January
1t is also urged as reason why this dearth
should continue, that the first ST January
begins one Of the four quarters of the year
which quarters are set upon by mercantile
classes as time when they will settle up
1t does 10. appear that money is at all
scarce, except when asked for "call
loan," fort is easily forthcoming when the
borrower holds first mortgage on improved
property in his hands, and tenders, with
this security, money in advance for interest.
that is. four per cent taken out when the
loan is made. and eight per cent when the
time ends. The times, Notwithstanding
widespread complaints, are by no means so
dull as : good many merchants out of
business are ready to preach. Cotton sets
aticat large amounts of cash that are de-
voted immediately to settling Indebtedness
and cashing accounts.
Places Of amusement are well attended.
and this is the brightest of all the signs
that times in the city are not SO bad as pre-
tended. There is great deal Of misery
among the poor it is said. There never
was period i'll the history Of this city that
such was not the case. The whole question
is not to be determined upon the fact that
poor people are miserable. and many men
Of talent are looking for situations where
they may earn only their daily bread. This
state of things happens every year. By the
arrivals of produce and the expectation, the
receipts Of cotton. the sales and the orders
from abroad, by the measure Of importa-
tons, unprecedentedly large for our popu-
lation, by the fact that the tableaux of
licenses increase twenty-five per cent every
year. and a consequent increase in business
houses is proved, by city improvements and
building Of dwellings. we may conclude
that New Orleans is on the onward march,
aud is doing better than the previous year.
We will be met with the assertion that
houses on good streets are for rent: that is
because landlords asked too much when
there was rush after dwellings in Octo-
ber and are now glad to rent them for half
price. But general opinion is "pronounced''
in favor Of the city going down" This is
what We have attempted to beat down
The cotton market was rather blue on
Monday. Prices, in view of the indiffer-
ence of buyers. were lowering. Yesterday
a pronounced change took place, and prices
assembled an eighth. This is owing to news
that is kept down for the present, but may
he told i'll its result among buyers.
In stock. there is nothing to report Not
a transaction was heard OF yesterday: the
movement seems to have been confined
within Mondays history. Concerning the
Levee directory, no change has been pro-
duced IN the stock, which will not get up
higher than s. %. The men whose names
are announced as directors are good and
solid; but, it is said. they may resign-they
may not have authorized their election.
We must find outiabout that Such i'm
pressions appear to be general.
The stock known as '.fancies' have dis.
appeared. No one has the hardihood now
TO quote them. 1t is better such oblisa-
tons should forever disappear from bust
ness.
City and State securities remain I'M
changed
The OILY sale az the Board of Brokers
last evening was $1,000 gold at l09ly. The
offerings and bids We're as follows: