New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-21
ON CARONDELET STREET.

l
more animated as the commercial veal
advances in its march. Tonnage on the
landing is abundant for all necessities
and ships are even lying idle, waiting fol
freights for Liverpool, which are moi
forthcoming.
In the cotton market, scant supplies
still restrict the movement, and factors
cut short by their prices any retreat from
the difficulty of obtaining the stuff. Crop
reports are still all the rage 1t may be
said short crop accounts and woful nara
tons about the damage done by worms,
with descriptions of fields laid waste, and
estimates of the writer always careful to
be included>. All these are pouring in a
stream to the various depots, where they
may be distributed around. Yesterday
cotton was firm all day, notwithstanding
discouraging news from Liverpool. Fac
tors still maintain their position, and
there is no danger of evacuation.
"Cornering' having commenced, &C.
cording to the telegraph, in New York,
by which gold interest was run up, there
are not wanting prophets here who fore
tell a similar move whenever occasion re-
quires, but there has been no indication
as yet Of such a determination. Gold
stood firm yesterday at 1131, and in Wall
street at 114!, the operations here being
circumscribed to the routine demands of
commerce.
Foreign exchange, steady for so long
time, has been reported dull and NOM
inal on Wall street, while the response
here quotes it nominal at 1889. Domestic
has grown decrepit or without move
ment, the pulse being ! premium, as
usual
In short, the money market shows no
spirit to excite attention. There is no
excitement about ''call loans or mort
cages, and for any other kind of loans
than these one must ''submit to shave
a few per cent for few days.
The street was all agog yesterday with
Waterworks, shares of which, evenly di-
vided in shares of one hundred each,
were cast up as if from the deeps at
every corner. All sorts of bets were
made, among them that the Crescent City
Waterworks bill would actually become a
law, and be respected and obeyed ac-
cordlngly. The stock, we have heard,
sold at so, 60 and Is cents share, the |
buyers willing to trust to the eventualities
OF suit at law, so that their investments
will rise in their hands. The bulls say
the Crescent City will get possession of
the city works, administer thereupon.
and then you'll see the stock rise to SO
share and, as usual on the street, there
are no bears unless when in spasm of
High hopes were based on
some future decision of the court, and
he whole matter constitutes a sensation.
Pneumatic stock wavers It was quoted
It St, se p and So so yesterday. but
which was the popular figure we can not
lecide.
In Levee stock there WAS considerable
lrmness manifested at the close of the
lay, the stock being quoted from Sc 5OO
62!, and even 81 was reported as its
probable figure. Before many hours great
'ews IS anticipated. Doubts will be
feared away; inactivity will cease; ground
5 to be broken. But what the great news
5, in the advance breath of which the
took has suddenly grown firm, is not vet
pparent. Yesterday sales were reported
ut not authenticated, there being a
mailer disposition to sell than to buv
ust now the levees are exciting a great
cal OF attention. Fears of a sudden rise
nd consequent destruction, are openly ex-
ressed, but the Levee company are equal
the emergency, and gangs of men will :
It boldly to work within a week. This
Ill be all the better for the stock.