New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-14
ON CARONDELET STREET.

| VN NAaON01004 0xh66xs
The cotton market is again at dea,
LOCK, owing to the small amounts offerin,
and the great esteem in which factor
hold the staple, an appreciation in whicl
buyers do not unfortunately join. Th
price of cotton at this season is usually ,
measure of the belief in the extent of til,
coming crop; the only things to be deter
mined are the relative proportions or how
high price is wanted to point out til.
dimensions of the crop.
Flour is in such condition as to inspire
dealers with confidence. The export in
terest swallows up several thousand bar
rels day, for the most part of the highe,
grades, it being a matter of establishment
that We keep the worst and send the best
away. European expectation is carried
on under different system. We have
heard the sales yesterday estimated at
$500 barrels, one-half of which were of
the highest extra.
Cotton comes in very slow, and it can
not be said there is any but transient
activity when there is not dullness.
The Sanitary and Fertilizer stock is
spoken of as in geod demand at $50, but
no sales have been heard of, though in
iulries are active.
In Slaughterhouse there was a sensa-
ton yesterday, owing to litigation, which,
as 1t consists in a demand by the COM.
pany for its rerquisites and rights, tends
to improve the stock, and holders were
putting the PAPER at higher figure
than at present. Yet When ten dollars
paid in stock is worth s25, no one should
complain.
Gold opened yesterday az 1885, at the
highest and closed at the same, against
ia on Wall street. The sales made have
not been reported, and it is believed only
small business was transacted.
There is a slight movement in Ameri
can silver, owing, perhaps, to the tenn
porary scarcity
The inactivity of foreign exchange is
nonentary as large contracts remain to
be settled Up.
? Domestic exchange is at the same
figure, and the stream Of renittauces
lows northward without ripple in its
current. It is quoted at premium, va
rying, Of course, with the character of the
accounts.
City certificates of indebtedness occa-
appear to be caught up and tossed |
where the flies can't get at it, at a very
pretty figure. But there is no move
ment' in this class Of securities, nor will |
there be until the hands of city creditors
are full of them-then, when seeking
purchaser, they will go down.
The sole topics on the street are
Pneumatic and Levee stocks, the latter
having been quoted at Sc so. The capt.
tai, stock Of the .Levee Company, which
had been reported to consist of 100, 900
shares, is wide Of the mark, as it is to be
'aised to that figure only in certain con-
urgency, or when Arkansas and Mis-
'lssippi come in to the great compact
which, if faithfully carried out, is des-
lined to insure the valley lands against
Il the .perils of inundation. But the
naction Of the company, the open threats
made by its enemies that it will be put in
Default, besides the unloading desire Of
o,te Of the accidental stockholders, has
'rought the stock to lower place in the
monetary lists than its high rank entities
t, It car not be ascertained upon what
vent stockholders predicate their as
umptions of tie future high value of
ae stock. Perhaps these assumptions
re well founded, but it is not known
that they are based upon. Has
ae company driven stake "moved on
1e works = commenced the operation of
wee construction: Is it not true that the
;ock is valuable only by its fruits; by
hat it produces; by the rights it confers,
: the immunities it endows? And is the
ock to increase in value in the full de-
Of such uncertainties? When
le contract was myth it was worth
relye dollars; now that it is an accom-
ished fact it is valued at seven dollars, and
worth this only because everybody does ,
1t know what to attribute the long pause
the corporation to when it should be ?
eadily at work Yesterday the stock
lfened, and was rated from 81 to 81 %: :
e bids Of 81 81! and 81 623 could not
depended on, and were not made. ac-
riding to authorities, in earnest Had
e street blackboard, upon which all N
ma tde sales could be chalked, it were a,
easy matter to read the stock barome- !,
:, but loose conversation can not be d
led upon tor market quotations. Levee y
been on a steady rise since Monday. l. h
d without activity: it may be pro- v,
unced improving. e II
DIED. u