New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-14
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"'"o0 "St0utiou, owing 10 Tue eV1ucnCc l
i gave efzhsing senaemAats weskesl~ "A con-
blnat'on having been formed, who re
+ sRonded to one another's signs, shares wer
bid OH and sold at Six dollars, the figure t,
which, by common consent, it was agreed
to find the stock. The object of such
sudden move was the publication of a sui
against the Levee company by con
tractor. Not a share was sold, however
except from broker to broker. Notwith
standing the present feeling in money
scarcely any stock has been offered excep
among those who professionally kick i
about. There is no reason why the papel
should be worth less. Arrangements arr
already making to farm ont the whole tint
OF ievee building, and dispose Of every con
tract to the lowest bidder. Now, as thu
measure Of confidence in the stock has hith
erto been taken By the amount Of confidence
IN the company getting to work and carry
ing out its obligations, surely when it i:
Well known that these operations are now
systematic and energetic, there can be nc
wand reason beyond the necessity for ready
|
freely at six dollars" There is still a
number OF parties who are anxious to buy
should the stock be quoted low enough to
SUIT and the more chance there may be for
the paper to descend tie wider becomes the
held for their operations. As Lon. as this
game OF football is kept up with the stock,
Just 80 long viii: it be regarded as "a bad
spec by those who are wary with ready
money.
Lottery stock is quoted al So and noae
TO he had even at thai. wayers thu it will be
S'o IN sixty days being offered.
Siaughterhouse is under cloud. AMI
though therea.e no sales to serve as basis
Tor quotations, yet q hundred shares has
been put up Tor over ten days. aud the high
est offered was SCI 50. and at present no,
even this price can be obtained. Holders
are still confident and there is no general let
20 on the street
The throng Of other stocks usually known
as fancy" are not worth the mention. The
general belief in she dilution Of Watecworxs.
has about killed of the dog" but. as Ion.
as thousand shares can be sold at ten cents
a share, the faithful may take what conso-
lation possible from the we'll -known truth
while there's life there's hope"
The effect OF Tie FIRE in Chicago is still
felt Il the market. but the impression is
dying out in proportion to the ascertain
IN n, OF losses Upon good authority the
statement is based that our own insurance
Offices lost but sixty-tive thousand dollars
out OF the millions suffered by the incorpo-
ratIons Of other cities. A frequent sight
now upon the street is commercial paper,
with good names upon it, at thirty.
sixty and ninety days. which can be sold a.
TWO per cent month Of at the loves: rate.
white a number are sold witt three. and |
even five per cent off. The present strain |
Is only a matter of days. Demands for |
usage CT money VII soon be satisfied, and |
The purchases made. A certain number Of |
raw business iner. WHO make extravagant
,TIers FOR money 10 use without the ordinary
caution. Produce. al impression among
money lenders hat the need is wider spread
han It really "a; Just as house hunters too
|
or houses. create feeling among land
orGS that the demand for house room is
greater than ever. and hence cause a higher
ent. Only when the rush subsidies can we
zee the track of tne storm.
City certificates Of appropriation hay. ny
'een p.odains about from broker to broker
or some time. are Low reduced to the low
rice CT .2is 10 - cents. with an inclination
Lore toward - han 50. There is a large
lass OF people that hold these obligations
q good faith. anu have given for them more
han grid pro quo-a class which has been
holding on since their last issue in hopes
t Il greater price. Tie recent strin yency
4 money has. however. brought about a
lanse opposite to .la: anticipated. We
card OF $500 sod yesterday at l2, and
1920 at -.
The city having advertised bids 20 be re-
eived for s5o,0c1 in TIE ten per cen, bonds.
Ills We're rendered for the amount, the high.
st being at premium of l0G. and the city
Elected all bids below premium of four
er cent, much to the chaSriH Of those who :
peration of The kind all bids below two
er cent Premium We're cast out. On the
hole. it is the subject Of much remark
lat city securities do not bear a greater c
reMium. I
Yesterday tae morning opened dull in 9 9
'tton, but the afternoon Frightened. Not
outstanding the decline in exchange the
'tton market looked animated, but the
lmber OF bales to be sold was 90 few that
lying was confined to a field entirely too
arrow for large operations. Prices are al
ady setting back toward the mark of the
eceding week. and those who went in to
", foreseelng this result, showed great :,
resight. Short crop is now a fixed fact, Ia
id in regard TO the number the die tails d
mewhere between three million and a b
arter ana three and half Money seems e
have no Upshot on cotton: if any result :.
seen. 1t lies On the side Of heay Ter opera III
ms. For the general run of buyers. prices
We no effect to restrain buying, unless the II
lits must be overs;epped. The current of 1'
ices IS setting back, and the ;:de Will p,
on be at the food mark again. ~
Tie question as to whether laughing gas tie
n be substituted for chioroform in ex. er
lded surgical operations seems likely to "a
answered IN the affirmative In New Or
TX. few days since. a physician per
med on delicate woman a surgical op- as