New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-11-08
on CARONDRi.Rr STREET.

Tue money market indexes . fair demand
for discounts, at rates which show dimin.
ution Of the pressure in money which.
about tho time Of the Chicago, fire threat
ened collapse in business operations.
Money is reported easy along the whole
line. The few exceptional transactions on
the street in which excessive rates are
asked and obtained. can not be taken - .
standard. 1t is the general rim of money
operations in which one may see how the
stream sets, and this shows more freedom
than has been evident for some time. The
sales of cotton are . great element in the
weakening of the grip. Interest for short
loans is no longer ruinous to pay. Money
that can be had at one per cent or one and
half, is not suicidal The quiet in foreign
exchange and the stiffening of domestic are
noted features of the market, which ran
yesterday without the usual comparison of
rates with New York.
City certificates are inclined to stand
still. with leaning toward higher prices.
State warrants are firm at rate from IS
to Co.
Mexican Gulf Canal stock at present
monOpolizes the attention of the street. Its
prospects are widely discussed. Beginning
its recent course in the severe slaughter of
pledges" it for few days had an ugly
look, but the real merits that lie at the
base sustained it. and, falling back on its
skeleton, its frame was found strong enough
to resist assailants, and it rallied nobly. 1t
is now quoted from 9is5 to $225, but the
sales heard of are on private terms, and
hence it is difficult to map out the fuctua-
lions of the paper. Shares are usually sold
with the drainage attached, and although
considerable talk is set loose against the
company, it comes only from those who
want to buy or who have not money
enough ready to buy share, and hence it
can be appreciated.
Levee stock is again rising, though what
news or act has ''eet it up" can not be
ascertained. 1t is quoted from % to % Is,
no sales being made yesterday under
80 81 y, and even at the least of these
figures it was pronounced al exceptional
transaction. The company appears to be
doing something, though what its nature or
degree can not now be announced. This
nursing is still tenderly watched; every
breath is noted for sign of future life and
healthy vigor, and if the stock abates it is
not on account of the indifference Of its
supporters.
There is q throng of other stocks press
ing forward for recognition. Waterworks
is shy, and still prefers its corner. Am
monia stoops little, but gives eign of
vitality and vim. Pneumatic is wrapped
in the shadows Of neglect and ruin. Then
We have Louisiana and Texas Canal Com
pany, Red River Raft Company, South
eastern Railroad, and host of others
which daily appear only to disappear, and
are called up only to be ignored forever.
There is not much field for cotton opera
tons. Offerings are light. Yet sales show
a good inquiry, and prices are indicative of
a stiff market, having an unlimited firm
ness, factors being Independent of represen-
tations to induce purchasers. There appears
to be no change in rates, although looking
up is the main feature in their current.
Toward the evening offerings were more
free, and though the change was not unex-
pected, yet nothing occurred worthy of
special chronicle. The course Of elections
interrupted the usual dispatches, and no
Liverpool or New York advices appeared to
he. "a usual. relied on.