New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-24
ON CARONDELET STREET.

1Aere are no operations mat are eltLe,
startling or sensational. Gold stood still
IN Wall street at an advance of one-eightl
to quarter less than in New Orleans
There is some anticipation about gold be
coming higher by ten points than now
owing to the pressure brought by those
in interest, and it is to become. higher on
account of the rush of imports to the port
OF New York, whose duties are paid in
gold, and slack supplies taking the place
of the drain.
Domestic exchange shows no new points
OF interest beyond what has already been
noticed from day to day.
A theory was heard Of going to show
that gold may rise yet to 1870, the posi-
bility being in this case greater than tie
probability, for it is matter of doubt if
speculative turn would be rewarded in
this direction based upon such figures.
In Levee stock all the news has arrived.
yet the stock was but SO yesterday, at
which price two hundred shares were sold.
This is another decline. No matter what
stocks are offered on the market, what
securities, they can not stay up long in
the face of the present stagnation, but
sink down below water, that is, under
par. In the early hours of the day the
street was filed with outsiders anxious
about the company, knowing something
AID seeking to know more. A rumor
passed current that dispatch had been
received from Mr.. McComb, disavowing
any connection with the new contract;
but this was not extensively believed, as
other dispatches had announced every
thing as completed and Mr.. McComb in
1t. Another rumor gained some circula-
ton, that fifteen incorporators had sent in
their designations, which were to be '.ixed
up" IN the meeting of the directors, on
Monday. Still the two great railroad
grandees, deeming it matter of business,
are silent on the stipulations of the con- |
tract even to their agents, and every one |
is just as much Gin the dark" now as ever
The new city seven hirties are out, and
are very pretty, so far as the engraving is
concerned. In answer to an inquiry as
to what they are worth, broker said,
'They ought to bring seventy-two.
The -four market still shows symptoms
Of an alarming quiet. Pork is debili-
.ated. Things in the provision way are
weak and dull, and sales are
Ill in the jobbing line.
The cotton market made evident the
'ame characteristics shown in Levee stock
IN Monday. All movements were stopped
1y the high pretensions of factors, and
wen their pretensions were in some
covered. A genuine feeling is
to spread about the coming
rop, every unfavorable report coming
With authorization upon it, tending to
Emulate. prices, which, under all cir
have been firm for the past
Month, Besides, the advices from Liver
'ool and New York were somewhat ex-
iting, and while under their spur a
retty good inquiry ruled, which may be
let to-day in the acquiescence of the fac /
1rs
1t seems from the tone of New York
lerchants that they have, for some time, {
sgarded the coming crop as out of dan
er, and have doubted the reports from =
1r section. Now, however, they are all p
Tabening to a sense of their position, t
Id sending orders over the wires for full 1
lis. When crops are large, prices are
the rule that the price
wers as the supply increases. Sales are Il
W. The main business of cotton men.
present, seems to be comparison of a
OPP notes, and upon these, basing cal
jlations for the future. $
House rents show no change. The
yning ofleases goes on, and for while
long those interested-is just as excit-
3 as the great levee contract.
We may soon expect the arrival of i'm =
rts, when, as in New York, there will
some hurrying after gold. p
The lack of disposition to buy, the pre-
ling uncertainties of legislative or di-
,torial action, combine to make the mar
very dull, and, after a few faint gasps, =.
sorts of securities go down to rise tn
ain. la