New Orleans Republican., 1871-09-19
ON CAPONDELET STREET.

marked with any special changes. There
were no topics yesterday upon the street
saving the Usual and everyday comments
: upon the fancies, with which the marke,
appears to be full or else longs to be full
: On Friday as the latest sensation, quite
: an inquiry sprung up about Crescent City
Waterworks stock. which rose in the hands
of the holders to double what ii was pre-
viously rated. Nothing could be ascer-
tanned relative to this sudden demand,
whose force has continued unabated since.
The stock has been mentioned as worth
from forty to fifty cents share.
Pneumatic stock is down. again from
IS 500 6. No experiments have been
made with the new tanks and if there are
none who are covering shorts the de-
scent is unaccoUntable.
According to the report Of one of the
Levee bears ats impossible to get the
stock down below six, l think, said he ::
I'VE tried that on pretty Well" That
there is bear movement on foot, backed
up by bear dispatches from New York
supported by the iuaction of the Levee
Company itself, there is every probability.
Your cautious bear never buys, lest his
movements be suspected, ror is he anx-
ious to invest in what he wouldn't give a
cent for. Yet there is not bear on the
street who will not buy in minute. We
heard enough yesterday in the way of re-
ports, which, if true (nobody believes it,,
would create a panic, and the stock
would go to Waterworks or be ''cata-
combed. One dispatch from youthful
banker says ''McComb talks against
Levee.' Another dispatch from an incor-
porator says Sell at 81" Yet one more
from large holder says ''sell my stock,
and these are shown with an air of great
authority, as if this clinched the matter.
Now. tie fact is, all business is a secret,
and good business is a dead secret Were
such reports correct il their application
no holder of stock would repeat them even
to his wife or his priest; it could not be
drawn from him with a corkscrew True
the bears offer, to one of the combination.
to sell, but sales under the circumstances
are rather dubious. These reports cer-
tainly do have one effect, that is to pick
mp few hundred shares, but the greater
portion Of this appar ent show of business is
all talk-a comMotion among the sariines.
with the object of drawing out the whales
of the market, who cuietiy move along in
supreme indifference Of such '.tempest5 in
teapot. All the old canards that neither
McComb or Scott are connected with tie
Levee Company, are al rehasLeG, am,
all the time levee stock is being absorbed
''as a dry sponge drinks up the loose
water" 1t is unsafe to give quotations
in the present condition of the street.
Sales can not be authenticated. A few
hours and this bear spasm will subside,
and then the levee stock will get at its
normal figure.
We hear it reported, with every degree
of credulity, that the third engineer is on
his way hither, and that then the delays
Of the company will be over At the
same time it is here expressly stated that |
accurate information, in the face of these
flying reports, is not to be had, but in
the above We have reported ''tLe great
deal that is to be said on both Sides"
leaving all conclusions with the reader.
Though the ''gold conspiracy" of late
in New York lost its hold through the |
agency OF the Secretary of the Treasury
who Immediately supplied the thirst for
the article with which duties are paid, |
yet it is rated on Wall street at 114g, being
J; higher than on Carondelet street. One
sale of $4,000 at 113s was reported, and |
the other amounts sold both above and
below this rate, showed nothing extra
ordinary in the feeling Of the market,
which has been uniform, notwithstanding
the irregular arrivals of imports.
State warrants are rated from 5lM Sc,
the variations owing to the size and style.
Foreign exchange is growing still more
firm than formerly, while domestic is
quite feeble, though the rate is yet pre-
MUM Remittances have not increased
to any great extent, as shown by these
quotations.
All Mondays in TIE cotton business are
blue, and yesterday was no exception
% this statement, which has acquired the
'orce of rule. Added to the bad busi-
aess outdoors, the dispatches from Liver
POOL were discouraging, taking previous
Jews into consideration. There were sey-
'ral brokers mousing around, but 10 sales
# any but small lots were heard Of This,
to those who know, is no indi-
alton, as thecotton mind is not made up
With the CELEBRITY of other departments,
nd the first day of the week is day lost.
he inquiry yesterday was good, but Of
erings probably on account of supplies
yere scant, and factors still held on to
heir prices in an iron grasp. The re-
eipts are still very few, the arrivals slow,
nd the doubts of the coming yield, like
louds before storm, are banking up.
his wind that tells us of short crop