New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-28
ON CARONDELET STREET.

Of appropriation have been the main object
of acquisition by brokers upon the street
who, in turn, have some "friend," as theil
coherents are called, that knows where a
licensepayer lies in waiting for the proper
amount, that the documents may find theil
way across the Adm Illustrators counter
! The lcense-payer never looks for the certiti
Gates with his own eyes; he always hires his
spectacles and has to pay for them. lie
now makes in the purchase of certificates
about ten cents on the dollar at the outside,
and even counts his gains less. For the
! past month it has been published that these
| obligations would he received about this
| time for taxes; he has not noticed it. He
could have bought them for seventy-fve
| cents Gu the dollar, but lie forbOre,
| hoping against hope, that the great amount
| Of ''cuss words" used against the license
| ordinance would either abrogate, postpone,
| modify or caAse a commencement exercise
| on some other class than his own. Neither
Of these has been the case. So lie pays a
broker with an Office who gets a broker
without an Office to hunt up the certificates;
and the money being paid, or the notes
| drawn. the certificate goes whence it
cometh-back into the hall again. These
documents have been on a steady rise for
sixty days, and are now quoted anywhere
between s. 1e and 80 cents.
| The majority of stocks have gone back
to their original skeletons. just as a
I, In,
his diet necessarily "too thin, his appetite
| undemonstrative, and his income not
| enough to buy gangway plank when
steamboats, are selling for dime, finds
his flesh melting from his bones,
| and the frame in which he lives be-
comes apparent; SO we find the stocks,
that lived and moved upon speculation'
dwindling down when the scarcity Of money
has killed it off. The twin corners have
become the stamping ground of politicians,
and politics form the subject of converse
| ton much more often than these old masters
| of the street.
| The operations in Levee are not large.
| The stock is worth from So to 81 %, now
| that the new order has gone thoroughly
| into operation. the new directors organized
| and the new plan set up. As to the bust
| ness done in it, there is little doing any
| where.
The Ship Island Canal Company is begin
ming to lit from the slough into which it
had been so long buried. A bill has been
drawn. 1t is to be filed in one of the dis
no al of firm
will probably commence again, this time
between the Mississippi and Mexican Gulf
and its rival. The stock has not yet come
out again.
The stringency of money will probably
shorten tax receipts much more than on
the previous year. By those gentlemen
who may be called tax brokers' and
whose business consists in volunteering to
pay taxes and take it off the hands for a
consideration, are informed that tay-
payers say, Il haven't got the money. and
being told of the consequence of a non
payment that lit will go to court and costs
be added, answer. II can't help it, Such
has been the course for some time past, and
good merchants in fair standing have even
let the taxes 90 as far as the Sheriff 5 office
before settling But even now the money
is coming slowly back to stick, not t"
be sent into the country again. And as
the pressure lishtens the difficulty lessons
of paving taxes. The calls from the coun-
try come for small change, notes under five
dollars, but not as before for large amounts
OF money. Christmas time is the period for
winding up business with the farm hands,
and small change is better in demand.
The cotton market has ceased 10 make
much OF an impression upon the times.
Buying and selling seems to have settled
down into a joy. Receipts are beginning
to come in 50 fast as to till up the gap be-
tween the total arrivals to date this year
and the same last year. This sudden in
crease over the average may be owing not
to change of the general run. but TO
sudden bent, and may not show con-
tinued series Of large arrivals any more
than zone swallow makes a summer The
total arrivals since August 81 is. we hear.
about 800 900 bales, a decrease from last
year, but if the late receipts ''come in a
body" the space will soon be brldged. Yes
terday's business showed pretty fair rates
ruled as on the previous day. Exceptions.
however, are found where factors have re-
duced from previous quotations, out no
general let down.
There were no sales at the Board Of
Brokers last evening. The offerings and
bids were as follows