New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-04
ON CARONDELET STREET.

| WIG onCi satlAo eueCtS VI tue AOHuaSs, anu
very little business is done. The princi-
pa! feature Of the market is the continued
depression i'll Slaughterhouse stock. Many
explanations are given Of this phenome-
non, but the favorite theory appears 10 be,
that it is a "bear" movement They
have sold AZ twentG- four" il the state
nont, land are now trying TO get their
! stock back" To whom this vague and
indie finite ''tiey" refers is not stated but
the inference is, that It ailudes to parties
who have always manifested disposition
to manipulate this stock, bat who would
seem to De more interested N supporting
than in depressing ii, This has been 80
frequently the case. heretofore, that the
public are swift to suspect some reccndit<:
tampering WITH the stock. even when such
suspicious may be unfounded
Whatever may be the trouble az present,
tits certain that such proceedings are cal
cu!ated to shake public confidence, and
to intinlidsste capitalists who seek sound
| and permanent Investments. People with
money to lose. are 10th to put it into q
stock which is raade the plaything OF
company officials, ana which IS liable at
any moment to be run down On their
hands by operations, devised within the
recesses Of tho companys Office. The
president Of a stock company is the agent
and representative Of stockholders Il is
his duty to protect their interests. and
hence, it is 10 part of his duty to bull
and bear" the stock which he represents.
He may have Il legal right to sell It short
but every such operation tends to inhict |
loss on his constituents, aad therefore, |
his moral right to act i'll such man
nermay we'll be doubted. In making
these remarks Wa do rot intend to !
reflect on any particular Ser=on. for we
have Ec information which could justify |
us in doing so. We simply recapitulate {:
the report, and complaint. with which
the street is rife. Tho public believe.
whether justly Or unjustly. that Slaughter
house stock fuctuates at che bidding of
the COMPANY officers. and Neuc> they do
rot feel safe in touching i. This sus-
picion probably has had an -,ntayorable
influence quite eGua. to thai iue 30 the
apprehensions @: pending Judicial. move.
ments.
In othes stocks aot2in; /. doing. But
little has been beard Cor some :in.. of
Sulphur stock, although we are assured
that all the intelligence from the ca;a, is
favorable. and that the work "a advancing
with regularity and celerit.:.
siarbarin. 200, has almost entirely .ub.
sided : few share, 80. occasionally
sold bu. nothing g, consequence. :las
been done in il for SON. week. There
are -umors. however. that movement in
this stock Ma: soon ~ anticipated, and
i. Is whispered that - !. GOV: purchase.
a. present figures.
50: having arrived .s .:,- :.o.-,. .,s:
night. before TIE lis: ~as called, tn.
write. was unable 20 procur. > statement
ot she offers and bids. He Is. Therefore.
to omit hi. Ssua: report. Ne
.cay.e Lowese:. that no caies wey. wade. 4!
eIhe Marine Hospital re, iia.icns. ;s,:ed,
probably, since the report was Published
from which extracts appea.cd in :estes.;
lays REPUBLICAN. render . modification : .
of TIE Instructions thereil. conveyed 10
necessary.
The certificate is required from q. cap
an-as his IS the only signature kept Cor :
in the Customhouse and should
'tate tie name, age. height, color OF eyes
'olor OF hair, complexion, and length of
service Of the applicant. The tax col
eeted, although raised by the last Con-
,ress 10 forty cents per month, will be in
it is estimated, by about one
hundred and fifty thousand dollars, for
he relief of all sick and disabled seamen.
Hence, the department instructs its Off
ers to discriminate in favor of those most
Il need OF assistance. It should be re-
nenbered that, the government affords
he relief, at great expense, in addition 70
he tax collected fron oil who follow the
7ater, and prescribes conditions and reg
lations calculated to benefit the greatest
lumber. Hotel Dieu is at presen. the
larine Hospital in New Orleans. :.