New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-24
ON CARONDELET STREET.

oN CARONDELET STREET.
The close Of the week, like the con
mencement, shows the pallor of mac
tivity. The stock market can not b
classed among the regular orders of busi
ness, as its delusive hopes, fanciful an
fictitious valuations. instability of it
commodities, put one in mind of pursu
ing shadow.
I In stocks, whe-e the attention of brok
ers is almost exclusively confined to specu
lation in the fancies, Waterworks has bee,
the sensation Of the week, the suit at Law
and the pretensions of the company con
tributing to fictitious value which has
been maintained during the course of the
usual events. Doubts are not all preju
dicial to these stocks. Here we find thu
Sugar Shed worth but SIG, when the fran.
chlse IS in full operation, and, the fact is
before the shed was built the value was
S31, and many instances can be cited tc
show the truth of this. Under the shadow
of many doubts, and in the enjoyment Of
many Of the highest anticipations, the
! stock has risen out of an obscurity into
which it had so long been buried: The
events upon which holders base bulling
opinion Of the stock consist in the hope
that the next Legislature will pass the
bill, the Governor veto notwithstanding.
Levee maintains its firmness, and
thou Oh a sale of 100 shares was made at
Sc 81, the run of prices seemed to be
nearer 81 than any other figure. The
talk still locates the prosperity of Levee
IN the future, the oversanguine believing
it to be not far distant When the adj
vertisements or proposals come, when bids
are made for levee construction, when
the stakes are laid. the tents pitched, is,
according to general belief, the time for
the stock to rise, and the delay in the
coming things effectuaily lowers the stock.
But this is not Yet.
For Fertilizing stock $50 share was
offered freely yesterday, but no sales were
made at this rate, which is decline over
the last quotation.
In Pneumatic stock, both the move
ment and experiment died out, and left
the paper dry at 81 25M so. There is
small disposition to buy stock which
does not seem to be OF the qui rire.
Gold has advanced. and soon as its
pulse was felt there was an eager DISPOSE
ton to ascertain what it was all about.
1t is the usual time Of the year when
gold is in great demand, and it is in all
probability to this that the rate has ad-
vanced. 1t ruled yesterday from lac,
1l4l. and in Wall street at 1853,
In city appropriation certificates the
following sales were made: $500 at 793c,
$4,000 at sole. $4,000 at Sic, and S11OO
at SOC.
State warrants are alone in their glory,
and excite neither attention nor emula-
ton in the street. They are quoted from
500 sec.
Letters and correspondence apprize the
street Of the late docking up of gold
on Wall street; of the seclusion of
81, OOO,o 600 by the combination; of the
withdrawal of greenbacks,
should Boutwell, open the Treasury sluice
gate (as he subsequently did). The ad-
vance of the rate of interest, the move
nents of the spectators, all combined to
create sudden rise in the interest which,
lad it continued, would have made
money for some one. A combination to
20 into the gold business is said to be
orming, invited by the late rise. This is
% be taken ''at your own price" or ''for
what it is worth.
To know whether the dullness in cotton
vas owing to advices from Liverpool, or
o the impressions Of factors was pulling
o those interested but the market fell off
o feeble condition, though there has
'een no fall in prices over last weeks
quotations. The sales are remarkably
small potatoes and the probability is
he weakness will last over Monday. One
hing is certain, the Liverpool market is
low to be amused with short crop state
aents, and receives any foretelling Of a
lumber of bales under four millions with
reat doubts Nor does the market at
lew York lend willing ear to such
1gubrious bewaiIings as 5000, 900 bales.
erhaps the coming crop can now be told
18th more certainty, and that their weak
ess is the first breath Of that downfall Of
lture short crop speculations. The de-
uction is left to all readers.