New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-19
ON CARONDELET STREET.


The tendency of levee stock is still
down. In the morning 100 shares were
sold at S9;'a little time after 100 were
disposed of at SO. rs, and near the close
of bank hours 100 of the stock went off
at So 624; and these figures, like the
degrees in the barometer, show the steady
fall of the stock, which by common con-
sent has been considered to be virtually
atpar at $40. The hootings of those who
hold this paper, and whose faith still
holds out at the whispers of failure to
complete contract, which gradually
grew so loud that they found echoes every
where grew fainter and fainter, and finally
ceased altogether.
1t appears, from all the information to
be obtained, that dispatch came from
one interested in the contamination, that
there had been nothing done;" that
celebrated lawyer gave an opinion that, in
case the stockholders saw fit, they might
fail to ratify and then overturn the con-
tract by which McComb and Scott
Thought in" to the company; that the
contract was in allegiance until this and
other points could be settled; that the
consent of Arkansas and Mississippi to
the levee pact was necessary before gen.
eral understanding could be had on the
the subject of leveeing the length of the
river, and making the Ievee law, under
which the company have their rights,
operative. These reasons, though denied,
nowhere met with refutation, and were
generally credited, inasmuch as the stock
sailed.down without steam and of its own
accord. There was no occasion for any
one to help it.
The arrival of an agent is expected, and
he will either confirm or dispute the as
sertions so freely made. Men are to be
tested in their belief by acts, and if it is
said a general disposition seemed to main
tain to sell the stock, not reckless, but
cautious, it must be presumed those of
':little faith are in the majority at pres
ent. There were others who, with a pro-
found wink or shrug of the shoulders
seemed to say they knew, but wouldn't
tell, but what was told is religiously set
down and given for what it is worth.
In city securities the new appropriation
certificates were soon CLEANED out, and
not to be had, as they were selling at
SO, In consolidated bonds, $4,000 sold
for STA 1.-THE only sale heard of, though
several negotiations were in progress, with
of being resumed to-day.
These is no doubt whatever about the
dizziness and these occasional rifles do
not last long.
We have heard nothing new in State
and no movement in any State |
securities
Pneumatic has gone down lower than |
he figure it attained when the ''tanks"
got here from New York and sent it up to
50. 1t may be had at three dollars,
Though no sales have been reported.
Gold ruled at 1921, a sale of $1,000
having been made at this rate, $1,000 at
12I, and $4,000 at 112. It is going up
n New York, and for some reason the
ables are now turned, being higher there
han here. We have even heard of ship
nents of gold hence for New York, where
is preferred to sell it.
In cotton, holders are on a '.never sur
ender" position, will not yield to the
ersuasion or offers of buyers, and treat
II such opportunities in state of don't
area tiveness. In New York, hold
RS show the same stringent symptoms,
nd the advices from Liverpool continu-
ag favorable, together with short crop
ms, tend to make prices sitter.
In -four, prices were in favor Of buyers;