New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-11-05

On CA80ND3sA3x 91R8kK.
Business IN morey, stocks and bonds va
more animated yesterday than the .weel
gave promise. So Lax has been the deman'
during the week for stecks that severa
companies went on the street, sold ont an,
went down in desperation to realize cash
Even the solid stocks, those whose divi
dends are not 90 far in the distance bu
they may be deserted and the proportion
determined, underwent an alarming relaxa
ton in the prevailing atmosphere which
carried destruction in its currents. Thu
coming week has fairer promise than thu
one just closed for active business.
At the Board of Brokers last evening
spirited bidding took place on an offer Of
one hundred shares Mexican Gulf stock fol
$2O0. The bids were $3.50, $l4O, $l45, $l5(
and $l6O, and another offer of $l75 was
made but not taken. This shows the stock
to be going up. No sales occurred ON the
street. Levee closed from q IS to q s714.
Ammonia Propelling Company was offered
at $16-$l2 bid.
Crescent City Waterworks was offered at
II cents; IL cents bid.
New Orleans Sanitary and Fertilizing
Company stock was Offered at ga; S2l bid,
During the day offers we're made Of stocks
but the disposition Of the street appeared
to be languid and the bidding weak. No
additional rumors affecting the value of
Ammonia were put in circulation, and in
deed believers were not wanting who put
forth the theory that the late break was de-
signed with the object of pulling down and
then buying the stock.
The solitary ripple on the current of az
fairs seems to be in State warrants, small
being sold at 62la, and 50 bid for large. At
the board there were neither offers nor bids,
and the quotation is blank. On the street,
however, bidding was frequent and COM
petition great. The cause of this sudden
rise is yet hidden, but a. in the case of such
securities, may become developed after it is
too late to invest, with distant realization
in view.
City appropriation certificates are quoted
80 bid, s. asked, large amount having
sold at the former figure. For ten per cent
bonds 81 is bid, but no sales are reported as
yet
State and city securities are upward in
their movements. and this has occurred, not
withdrawing many flying reports, without
any combination other ohan the natural
ordinary business spirit to ask all that can
be had and take what can be got.
Gold closed last evening at liz. Foreign
exchange, in the early part of the day Gym
pathetic with unfavorable advices, rallied
slightly in the afternoon, and showed dis
position to stifen. Domestic exchange is
not so hard. Banks draw on New York ..
II per cent discount for remittancee. The
business and sales of sight show an increase
over previous quotations, owing no doubt
to the spirit of balancing accounts. Sales
of Al commercial paper at IL per cent
month are reported as sidewalk trans
action.
The news came upon the street that
cotton in Liverpool was 9as 09ssd, a decline
from the previous quotations. Factors we're
soon prevailed upon to meet the demand
freely, and the market was soon reported
to be one-eighth of cent lower. Sales
were slightly below the average number of
the previous days, but there appears to be
no falling of in the inquiries, which are
spited.
The report of the Cotton Exchange, which,
40 heretofore. Incorporates no views or
opinions of the committee, but simply
affords the news, and beliefs of the poor pro-
ducers again appears in its accustomed
shape, but is not now looked upon with
that absorbing interest which was the con-
sequence of its issue a month ago, for the
crop question appears to be pretty we'll de-
termined.
The crop in Mississippi, according to the
report, has been materially diminished in a
few counties by caterpillars, while the av-
erage yield to the acre is fve-eighths as
compared with last year.
Injury to the crop in Louisiana is confined
to few parishes. One-half the crop is al
ready picked, and the yield will be about
one-half to the acre as compared with last
year.
Three-eighths of the Arkansas yield has
been picked, and two-thirds will be the av-
erage comparative yield.
Three-fourths of the crop in Texas has
been picked, and five-eighths is the estima-
ted yield.
One-half to five-eighths is the average
yield to the acre in Georgia, and IN Alabama
the same proportionate yield is reported.
In all the States damage is reported by
worms and caterpillars, but only in few
counties. Everywhere the weather Is ia
vorable to picking, and labor is sufficient.
A Lecture.