New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-03
ON CARoEDELET STREET.

The last sale heard of levee stock was
300 shares at 81 so, and Notwithstanding
the low figure at which it is quoted, there
are anticipations of a rise after this has
s'blown over" and very few shares are
sold, notwithstanding they are sought
out. The newly elected board are work
ing to make good their promises that the
company will soon operate on the levees,
the work already having been ''staked
out" The most plausible reason why 1t
is always seen that stock is of less value
when the fact transpires upon which Its
value should rest is that holders, who have
been heretofore holding on, just at this
time desire to sell and throw the stock
on the market" But when we reflect that
Slaughterhouse was higher before than
after the company was in successful oper-
alton, and that other stocks were usually
worth more without than with the work
ing of the companies, it will be seen that
levee follows the same old rule. The fact
that there are few sales is more to be at
tributed to disposition to hold on to it
than to desire to buy.
Sanitary and Fertilizing Company sold
yesterday at $50, and so shares sold at
this price. But there are very few shares
to be had even at the above rate. That
the company will declare dividend ap-
pears to be, among those who hold the
stock, fact.
Crescent City Waterworks is quoted at
IS cents a share, a slight advance, but
what this is based upon is another ques-
ton.
Pneumatic is still going up, and does
not appear to have stopped. Expecta-
tons that it would be 81 so on Monday
may or not be realized, but it was about
Sc so yesterday, having reached this
point in three days from 81 so.
The Levee Company, it is asserted, will
begin operations to repair the Bonnet
Care crevasse. The three engineers have
already been appointed, and are nj. JEFF.
Thompson, on the part of the State, the
President having appointed one, and the
company another gentlemen, who is now
on his way hither.
City appropriation certificates are still
considered good at SO, but, notwithstand-
ing inquiries for them, we believe few
amounts were found yesterday. 1t can not
be said there is much business doing in
any line, the few transactions being spas
modic, like dead animals motions under
a spell of the electrical current, the slight
activity of the business soon undergoing
relapse into dullness again.
State warrants are all the way from SIS
to IS, the variations in price owing to
their size, and whether buying or selling
the smaller sizes selling readily at 55, but
when sold again not going off less than so.
Some relief to the present dullness may
be had whenever the season really opens
and plenty of money backs up offers.
In cotton, buyers are unwilling to give
the prices asked by factors who, deriving
their information from Liverpool and New
York, predicate upon this, and hold at a
high figure. Without some compromise
it will be impossible to sell over few
hundred bales, hence virtually tying up
the market.
The present stock of -four seems to be
limited, as holders are firm in their prices
and will not relax. However, the sales are
ofgreat amounts and slight activity is to
observed.
The season for house rents is very ac-
tive, and the-real estate offices have con-
slant tide of customers, who are seeking
house room-many of them at lower rates
than the present leasy to fnd) many seek
ing smaller houses, and others looking for
new ones. The real estate market will be
brisk this year or at least there is every
sign of it,