New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-23
OF CARONDELET STREET.


tation in gold on Wall street, which com
municated the feeling to Carondelet, on
Of sympathy. Gold tried hard to stan,
at 1l2sG 112!, but failed to remain a
either station. Here, the rate was from
11lgCa 11ls this was determined by tn
sales made. This responsive feeling will
New York also extended to foreign ex
change, which was firm at an adyanc,
rate, and in which no one had any deal
ings except pricked on by compulsion
In State bonds there have been no sale!
for sometilne-no operations. About ;
month ago, a lot CT what are called
''0ixes sold at good rate, and We appre
bend this IS the only transaction for some
time. The State credit is good. The in
terest is promptly settled up, and at al
hazards is not allowed to step over the
day, which method viii make any State
paper good.
Money is still easy, and loans on good
collaterals can easily lie lad at a rate
from S to 10 per cent.
But the sole sensation on the street YES
| terday was the animation exhibited in
Levee stock. Wild statements went hy-
ing about that the stock couldn't be had
for Sll to S13, and it will be SIS before
the end OF the week. Hearing the prices
bruited about with such "a wide margin
between the fingers, of course, no one
would sell, for fear if pause was had he
could get double his money in an hour
So the animation soon played out, and be-
fore the close of bank hours nearly every
one was struggling his shoulders. Such
statements as ''the contracts completed
and signed by McComb and Scott, sit
will be promulgated tomorrow, were re-
peated on all sides. while out of all the
conversation only these facts could be
gained: that the contract was actually an
accomplished thing, and that the Levee
Company directors would meet on Mon
day.
La the early morning hour sale of 100
shares was made at 50 25, and scarcely
had the holder pocketed 1925, before the
news was in the street that ''sent it kit
ing" Then commenced a systematic
game of bluff which amounted to moth
ing. Finally, after the close of bank
hours 100 shares OF the stock were sold at
SO % share, and 100 shares at SO 80,
and a recapitulation shows that the stock
was sold yesterday for the price of SO 49,
SO 25, SO so, and here it stands in such
an unsettled condition that a smarter man
is required to tell whether it will so down
or up, than to ''keep hotel"
AS usual, the sold fogies are always in
the foreground ofany retrogade movement
SO to say, for soon as it does not admit
of doubt that Messrs. Scott and McComb
have bought into the company, than cry
is Immediately raised that ''we would have
given better terms" 1t is probably this
element is working vigorously to make
the terms of the law nugatory on the
dog in the manger idea, that what they
can't enjoy themselves nobody else shall
have"
The sale previously alluded to, of fifty
shares of Fertilizer at $40, was not au-
thentic. The holder informed US it was
a sham two days after it had been made,
and had "got in the papers"
T;t,- +io,, no +or x,-o,o -;
all the rage, and were sold readily at
good price, their consideration being
based on faith that the city will soon
pay up.
Other insecurities, in the shape of
stocks and promises to pay in bonds soon
as an event occurred were brought up
and put down again Immediately, lest the
light should make them useless.
The latest accounts show that -four,
which has got as far as New York, is
firm, but here it is flat and dropping
As a matter of course, the prices are going
down where they move at all, and when
not moving remain stationary. With
large stock on hand, the export interest
satisfied, orders having all been filed it
is difficult to imagine anything more dull
than the flour market.
In cotton there was the same feeling
as in stocks. No one wanted to sell, and
purchasers were in no manner particular
to buy. Prices remain unchanged. The
market is tied up and dyspeptic-full of
wind and lead. In New York, cotton is
also very quiet and steady, and our own
market is in sympathy with them all
In regard to the cotton worm, Opinions
differ" still we might ''a tale unfold |
about this insect that might be true or
not, every ones tongue being weighty
with it. This season of great dullness
and oppression is but the calm before
the storm, and is the best forerunner of a |
commotion in the elements of money
making such as comes now and then to
Show the great law of nature consists in
the cups and downs of life"
The United States Treasury was bene-