New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-03
ON CARONDELET STREET.

the rate at New York, gold was steady, the
Wall street quotation standing at 112,
and, like the human species in this hot
weather, showing no great inclination to
move about or fuctuate. No more than
the usual daily sales were. made those
which are in the regular routine for set
tlement of duties and for purchases else
where. There is no margin for specula-
ton in such dullness there is no hope
for profit from investment-it is more
steady than bacon, and is heavy as lead.
Domestic exchange shows no DISPOSE
ton to go up or down from three-eights
premium. Ten thousand dollars is heard
of, selling, however, at a quarter on New
York.
Sterling in the chief city is steady; here
it is firm, and for some days has only
vibrated in the scale between twenty-three
and twenty-four. The demands are such
as would satisfy claims in foreign cities,
and sales are few in amounts.
1t is wonderful that the city securities
are not quoted higher; even the city tens
are worth but ninety-two and quarter,
and seven-thirties from sixty-six to sixty
seven.
In Lottery there is no percepible move
ment or inquiry. The six hundred and
forty shares sold during the previous
week in all seemed to have drained the
market, those who hold believing it is
good to hold on, as higher figure must
be obtained.
In bank stocks the disposition to sell is
not met by corresponding desire to buy,
and they are, consequently, pigeon-holed
for more favorable time.
The lack of iveliness yesterday is SIM
ply owing to lack of business people,
and lack of money, with which to ''op-
crate" Things must necessarily hang
dead until proper season, and all move
ments or sensations do not last long.
Liverpool advices still control cotton,
and it is heavy or light in accordance
with the news from that quarter. A single
dispatch will make a difference of thou
sand bales in the sales. Yesterday bet
ter feeling was evident, which resulted in
nothing sensational, however, though SO
dull is the current of affairs, even a trife
becomes the subject of comment Long
as this news comes about the worm, as
long as ''unfavorable crop prospects" are
seen in daily repetition throughout the
newspapers, just so long will present
prices be stimulated, and hence to keep
harping on the wrong side of this ques-
ton is much to the advantage of those
who want to sell.
There is still an apparent scarcity in
flour, not famine, but less number of
barrels subject to operation than is usual
at this season. The demand still looks
out for the higher grades, due in all
probability to the export interest, which
is in turn owing to foreign intelligence.
The lower grades go begging, nearly all
the movement being confined to their
betters. The anticipations about receipts
do not seem to be realized. Ere the
present, enough -four should have been,
according to expectation, on the landing
to satisfy all inquiries, but the supply is
still marked short
In stocks an occasional 'wild cat" ar
rangement with high sounding title is
alluded to, and even sold for the price say
of fifty cents a share, but there are few
other sales, holders being walters as
general thing, and showing no suscepti-
bility to the siren voices of the bears who
wish to buy in, or the bulls who want to
sell out Sugar shed shows sensitive
ness to the development of the suits
at present in court, which is remarkable,
considering how little ''either way" can
affect its value, while stray newspaper
paragraph or meeting of brokers sends
it down two or three points, from which
it rises slowly.
Levee did not hold it's rise. 1t was less
Yesterday than On Monday, and has
downward look, owing, it is believed,
solely to operations having for their OBJ
ject the buying in. Shares were sold as
low as eleven seventy-fve, having gone
to this from thirteen. But the prevalent
disposition is to await further develop
ments.
The making of leases goes on every day.
All, or nine-tenths of this trade is done
within the next two months, and hence it
is natural to suppose it lively; but the
rents evince disposition to stick at the
same figures of last season, and houses
are plenty to be had, and in the uptown
district require no agent to procure a
tenant. getting one themselves. .a i-- sri