New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-26
ON CARONDELET STREET.

UOIu CLOSED yesterday from one 10
three-eighths in advance of the New York
rate, 1923. The sub-treasurer offered
$50, 900 for sale at 49,, but the demand
was decidedly slim. The recent sales of
gold were prompted by a necessity for
payment of duties on foreign importa-
tons, and the arrival of foreign goods in
the market is always followed by a cores
ponding inquiry for gold. The highest
rate sold was $4,000 at 1125. The white
slips report sterling as steady in New
York, while here it is firm and the rate is
nominal at 124. Sight on New York is
yet at three-eighths $4,000, however,
were sold yesterday at one-quarter pre-
MUM.
The demand for cotton still seeks the
ordinaries, and the most recent sales
were over thousand bales of this 'stuff.'
There were no exciting or even interest
ing topics at the Exchange, unless the
news of slight decline. But the in
quiries are highly conservative buyers
being frightened off as easily as the best
game. No one can reason out of this
state of things an opinion upon the
future.
There is a great scarcity of the "tall
grades" of -four in the market, and Wig
orous demand for the same There seems
to be plenty of the short or lower grades,
with no respectable inquiry, however,
while reports about the tremendous
thousands of -four coming do not either
stimulate demand or produce stagnation,
Notwithstanding the great desire there is
for ''new stock"
Sugar rules at fair price, but the de-
mand is not of strength to be remarked
or noted. The Sugar Shed stock has no
inquirers, and remains at a standstill,
with gravitation downward lower than
the twenties. The recent excitement at
the Mayors Office, the protests of the
brokers, the bad feeling between the COM
pany on the one hand and the customers
on the other, does not help the stock, and
the numerous suits in court combine with
the claws delay" to make it droop like
the barnyard fowl in a storm.
Pneumatic stock is now quoted at four
and half, with no disposition to buy.
There is one dealer on the street who has
sold nothing else for long time, who in
its high (at one time ninety or low de-
gree at four and half, still holds on to it,
having pinned his faith there. But the
daily papers are not now filled with de-
scriptions Of this kind of machinery, and
the cars still run after a mule.
We notice a disposition to sell bank
stocks, not met with corresponding de-
sire to buy. The usual rates are conse-
quently shade lower. Why there should
be an eagerness to sell is probably owing
to the fact that they are ex-dividends
which have been already declared.
In Levee stock the sensation has cooled
down, both bulls and bears stating, re-
spectively, that there are great inquiries
and no inquiries for it. A sale is reported
of 200 shares at 135; 49, has been given
cheerfully, while the ruling rate oscillates
between the last named figure and 10,
and of course, buyers, of whom there are
many, will not object to paying 49, pro-
vided the chance is afforded. But it is
not worth while to quote rate upon such
a basis.
Rents seem to be at the same rates, or
about the same, as the year just now on
its close. Leases for the coming wear,
beginning in October, are being drawn up
to the advantage of tenants, and at no
higher rate. There is good demand for
stores in good places, showing the antici-
pations for the opening business season
in September buoyant; though no other
things, it appears, but hopes are lively,
and these can always be had without de-
mand
The following brief poem, contribution
to the State Journal, of Wisconsin. is
equally well calculated" for other lati-
tudes:
az know a woman pale and slight
With heart in hopeless mood
VFYI.n oEfo,, %oa1e H.