New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-20

sharp business man viii buy say 1000
shares of Levee at $40 after mature delib-
Grafton to sell it at Sc, because the very
enc who buys it tells him ''its no &C
count" Yet on such principles the late
kick offle bears took place. That third
engineel.' should be here if there is any
railway 1unning South that will fetch him
within three days. It is believed there
is not much more than three hundred
shares actually salable-the remainder
being on the dead lock. That something,
we are not precisely informed what, will
shortly burst upon the astonished world
from the direction of the Levee Comparys
Office, seems settled fact. This bird Of
promise, it was said, would aight on the
street yesterday, but failing, it can not be
far off,
In the money market there is no
change from previous reports.
The gold business is unattended with
anything remarkable, the rate Of 1871
being used all day as the selling price,
and some transactions having been con-
summated at ia in the ordinary way.
The sensation for the hour in the
money market consists in the bids for the
sale Of 800 consolidated bonds to the
city, bids being received and adjudicated
from LeSassier l. Binder, John Dolhonde
and ]. B. S. Michel The bids were
from "A ZIG to II 99-1OO, and the trans
action was conducted in accordance with
advertisement
We hear some mention Of call loans
being readily obtained, and of more cash
than opportunities for investment Rates
remain unchanged, and though borrowing
goes on every day, it is met still with a
good disposition to lend. The negot;a-
ton Of mortgage paper costs from to II
per cent.
The sole topic Of conversation in the
cotton market consists of the receipt Of
more intelligence Of damage. kilograms
and communications daily come in. and,
it is remarked, find immediate publicity
whore such news fo-etells the destruction
both Of the hopes in which the long crop
men have INDUCED and the cotton. But
ell intelligence as to the yield of cotton to
the acre in each parish, and statistics Of
The amount Of acreage planted are so
scarce that they may be ranked with
angel visits" It is no wonder factors
Ire becoming more and more isolated
within wall Of high prices which no
buyer is adventurous enough to scale,
md that Viewpoint significantly to the
latest returns in proof Of the 1ec.itude
# their position. Every rain storm. sug-
FESTIVE Of worm breeding, webbing and
ii that sort of thing, is wind in their
hips sails. In this state Of things there
re many who believe no sales are made
kept to fill shipments, and in any event
hey fall under five hundred bales.
IN the produce market another change
las come over flour, which, being in pail
+ dizziness on Monday, became firm yes
erday, and the impulse of an invisible ex-
ort demand We heard alluded to as the
ause Of the feeling. Though the sales
7ere not large, it is probably owing to the f
hange, full prices were obtained The c
lghest grade is valued from 81 500 ), c
nd the Others lower in proportion. I
Quite an active demand exists for pork,
I'D prices have advanced as well as in the :.
ERECTION Of bacon. the supply Of the last 0
aned being reported light. It seems We
this city are az the fag end Of the pro- =
sion market, advance prices, that begin :.
New York, reaching here only after a i
IN through the principal Western ports. :,
S yet, the new cure does not ezhibi: It. :,
If, and the current OF opinion seems to
2 an advance still further before the new =
Ire can arrest their ascent by other Offer CT
gs. e'