New Orleans Republican., 1871-12-08

Cotton is going back to its level very
fast, and by the time this is read Will be at
the same rates as on the Saturday mon
| toned in previous articles. The market is
quite favorable to buyers, and factors who
were coy have grown too willing. The
near future looks for a downward go, but,
| as usual, "the doctors differ" Borrowers
exceed lenders, and from these comes the
news that money is not go hard to be had
but "the wish is father to the thought"
Now money is hard, and growing harder
every day. Some agency is wanted that
will smite this rock and send it's refreshing
contents where thitsty thousands may
profit by it. The shoulders of moneyed
men grow higher every day, and among
borrowers the corners of the mouth grow
downward more and more. Nor do we
allude to loans borrowed on fancy stock
collaterals, for there are few such loans but
on bonds, government bonds, levee bonds,
State bonds and city securities. Go into
the field, and, steering clear Of mortgages,
which, like hy blisters, should only be
applied when all other remedies have
collaterals, subject only to the fuctuatiOn
of a dime on the dollar, the answer is two
and a half, and this is rainous.
There is a scarcity Of currency-this field
is filed with stubble. Old worn and mutt
lated bills "of large and email amounts
report is of new supplies that are coming.
OF course the man who buys, and Is met by
q price too high, has but one resource, to
show that there is lots more coming, and it
may be true. But it is not credited. Mer
chants whose means are large are dis
tressed, not beyond remedy, but to an ex-
tent that profits must succumb and fat
prosperity melt down into lean and hungry
impecuniosity. The present is only Il
shower, not storm. The clouds are thin
as gauze-the oppression short. The talk
that the dimunitiOn OF cotton receipts pro-
duce such spell is simply stretching the
point. for the price is as much higher as the
whole amount is shorter, and tends to circu-
late similar amount of money. The hard
ening Of money is but slight embarrass-
y
the base Of all transactions in all repre-
sentatives of value which grow lower as the
rates for cash are high. Hence all stocks
are without buoyancy, and are swiftly con-
valescing into the skeleton stage which
point, when reached. may afford some hope
for the better, as ''things are never SO bad
but they may be worse
A decided improvement in Slau glitter
house stock stirred the circles on the street,
the cause thereof being hidden. An order
for purchase of five hundred shares tno
small amOunt) was given to firm of
brokers, who sent out their Instructions
swiftly and picked up one hundred shares
at Sl9, sevsnty-tive at SIS so, and other
amounts, small and great, to make up the |
There is no news we can |
gather to induce such suddenness i'll the
and SO it is left under cloud" |
Ammonia stock is inclined to keep the |
same level it sold 30 shares at $l9 Levee
s lugubrious at s. 80 az 81 ", and. concern
ng the arrangement 80 often mooted, ''the
child is not yet born"
"A edlC "a ~ SudTcS ucTUduld NatlOnal
Bank was made at sl7l-the only bank
stock sale appearing on the street.
Mississippi Valley Navigation stock has
10 friends, inasmuch as every one is
eller; none are buyers, and, according to
general principles, that can not be very
of which every one would be rid
The reign OF dullness in the stock market
8 undisputed by any operations that can
'e called lively.
There were no sales at the Board of
Brokers last evening. The offerings and
lids were as follows.