New Orleans Republican., 1871-09-28
ON CARONDELET STREET.

The dry weather, tempered by northern
winds, brought about change in the
feeling of the cotton market, such tenn
perature being unfavorable to the propa-
cation OF worms, and the completion of
their ravages. Hence, cotton looked
somewhat sitter, and the long crop men
came to the front in great confidence,
every breath, which helped on their
auguries. inspiring, of course, conf
dence in their own judgment How
widely well informed men. differ on this
crop subject will be recognized when it
is said that there are not o few who
boldly insist the crop will only reach
two and a half million bales As it is
now, the prospects seem to be, among
parties interested, about three hundred
thousand bales more than the outside
estimate say three million eight hun
dred thousand. But this latter is only
one view taken of the case, based on
the probability of continued dry
weather, which it is well known
such winds as We have now
usually presage. Such are the material
points in discussions and opinion making
which went on yesterday. We have heard
the sales Elade estimated as high as fifteen
hundred bales, an amount not extrava-
CANT when the steady demand is taken
into consideration. The most of these
were to fill shipments, the vessels now
lying in port. Orders are still received
from Liverpool. but the limit is lower,
usually, than the market affords under the
present circumstances. Receipts arrive
slow and pile up. slim. The latest reports
show that cotton grows steady in New
York. attributed to speculations
Sales of gold were made yesterday from
113i@114, though not in large amounts,
while the rate in New York was inclined
to stick at 1144. Merchandise and i'm
ports are pouring in, but the gold gam
blers, predicating operations on the mer-
camille necessities, have been signally
foiled, and it is lucky thing the treasury
sluice may always relieve the thirst of
commerce for the indispensable article.
A leading State officer having appeared
on the street as buyer of Levee stock,
and it becoming known, there were not a
few who Immediately made up their minds
some great event, which woald extricate
the stock from the ''sixes and sevens' in
which it now is and place it in the 'sup-
per tens, was about to happen. 1t is un-
derstood about three hundred shares were
bought at rate of about Sc Is, and the |
news spreading, many Indifferent people |
soon had anxious inquiries to make. Leyee
stiffened visibly under the touches Of
these adroit manipulators, who wanted, in
all probability, to sell. We understand
the financial arrangements of the COM
pany are all perfected, and that every
thing is complete. The slough in which
the wheels of the onward movement of |
the company are now clogged consists in
the third engineer question, which is not
yet decided, as this officer has not arrived.
though, like ''the bridegroom in the par
able, he cometh." The credentials of a
scientist of Louisiana were
sent on, but the answer was "we don't
know him, and so the engineer matter is
and the company can not .moye
on the works of Father Mississippi, with
out the engineer, any more than shin can
sail without steward. The stock is ouiy-
erlng with anxiety that the COMPANY NAV
go to work. Being to the corporation
what blood is to the body, or rivers and
rivulets to continents, the stock becomes
everlsh and weak in the long continued
orostration and semi-unconsciousness of
he company, and needs vigorous exercise,
IS well as vigilance, before it will become
lealthy and sustain the strength Of the
ystem. 1t becomes the play of every one
nd Is daily reduced by doubts. There
we're no sales yesterday to serve as basis
Il quotations, though so shares "went
p" at Sc IS, and the paper was quoted
rom $6 Is to Sc s74. A sale of 100 shares
s6 rs, deliverable Saturday, having
cen made early in the day.