New Orleans Republican., 1871-09-02
ON CARONDEET STREET.

In city appropriation certificates there
was pertinent inquiry without showing,
however, that great amounts were to be
had. AS high as sc was offered, but as
yet no sales were reported. 1t is be-
lieved the recent damand was owing to
the desire to pay eity taxes with these
securities.
Crescent City Watrworks is at low
ebb. Holders would sell for fifteen cents
but few are disposed to pin their faith to
it even at so small cost. The runor of
other attempts being made TO set the
stock on good footing did not have
sufficient Tlausibili:y to induce any
transactions.
Landlords Just nov have their annual
fever, and tenants are already beginning
to cIothe themselves with the periodical
anxieties about house room. New cot
tages, being in good demand, can actually
be rented at twenty per cent on the orig
inal cost; stores, Were new, can also
claim and get high rent; but the re-
newal OF leases for other than for new
stores are had at the same, and even lower
terms than the year on its close. The
feeling seems to be general that real estate
will ''sell we'll" this coming year, as the
usual advance guard of brisk move
ment-inquiries for vacant lots-has ap-
reared. The ''comirg events" that ''cast
their shadows before" consist in the in
spection of the agents books, and scan
ming the long columns of ''For Sale"
which have remained without vacancies
for so long time.
Cotton is held firm. Factors are IN
bending in their terms. The first day of
the year saw all movement blocked by
great pretensions, brought about by the
news from Liyerpo ol, through New York.
Near four million bales were received at
all ports last year, and New Orleans has
done her share in working off the old
crop, as there are no. more than twenty
five thousand bales now ready for sale and
delivery.
Gold closed at 112!, being 1921 in New
York, which still holds the advance on
quotations here. The traffic in gold was
light yesterday, though the aggregate of
amounts sold daily for a month past
would not vary much, it being easy to
"strike an average
The speculative impulse is almost ex-
clusively confined to stocks, and all that
there is to show in the way of liveliness of
the money market is confined to this field,
which at present is quite circumscribed.
True, there are dealings in United States
bonds and securities, but these are not
street operations, and such might be
called the legitimate money market.
Pneumatic event kiting" yesterday,
rising, unaccountably, from s4 Is to So,
and closing at Sc 25. Of course, this
Jump must have had some spring in it, but
where it lay was not to be ascertained.
Brokers who have their offices on the
street, and who may always be found out
Of them, had little to do except to pace
uneasily from pillar to post and inquire
about Levee. The popularity of this
stock is that notwithstanding the insight
fcant figure at which it is quoted, there
were no authenticated sales. Nor was
this owing to any fear of buyers, for
whenever they toed the mark it was
usually signal for the holder to take
water, and SO many transaction was
''of." The number Of bears has not
every one talking about Levee
Is a bear, as none of the outsiders
want to sell. The dead heads have sold
out long ago. Those who now hold the
stock are too sharp and are possessed of
100 much shrewdness to be panic-stricken
1t the decline, when the law is about to
De put in operation, the tax to be col
ected and the whole machinery of the |
aw set to work. The sole way of deter