New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-04-06
on CARONDELET STREET.

! Cotton is fiat. The wind from Liverpool
| is still unfavorable, and no hopes OF speedy
realization stir in the factors mind. There
| is such deafness in the movement that it is
| doubtful if the sales will reach 900 bales
where two days before the transactions
| We're 5000 bales. The cotton household are
| again in gloomy condition and looking for
| the next favorable breeze.
In regard to the business of substituting
| the mule in street cars, it was said that in
addition to the car now running on St.
Charles street, on a capital of steam sup
piled once round trip, there would be
another agency on the rails to-day, and a
vehicle muleless and driverless would run
from Canal to Eighth street all day. 1t is
quite useless to give shadow of the deep
philosophical and mathematical discussions
to which the late events give rise, or the
opinions on physics" which all dealers in
Pneumatic lately deceased) and Ammonia
thought fit to advance. From all these
facts one thing is certain: the success of the
new motor and the rise of a new stock COM
pany with capital consisting of anticipations
There is considerable coquetry in use
among city certificates. which have fallen
as low as 81 a 1924, from s. u, owing to q
subsding of the feeling to pay city taxes.
As Metropolitan certificates are included.
these have also dropped little. s. being all
that Is paid over the counter. The DISPOSE
ton to buy certificates to llquidate taxes.
instead of being greater as the delinquent
time OF additional costs draws near. is less.
An impression is wider spread than one
would suppose that by delaying a month or
so in the payment. and avoiding the nervous
jumping of the costs, some concession will
be made and the short conner get of cheaper
than if he had paid at the commencement
and come up ike a good boy. 1t is on the
principle that more pains will be used to
win back the straggler than to bring in the
one who is always in the front, for there is
more rejoicing over the sinner who repent
eth than over ten who have never stepped
aside. Compromises are dangerous things
to calculate upon: it is not known what
grounds there are for such belief in future
diminution of costs. The class of gentle
men who undertake the payment of taxes
and the procurement of a receipt flor
consideration" have lately had little to CO.
and the first symptoms of unwillingness 10
pay municipal taxes are now apparent.
In Levee the shorts have advanced their
lines the holders It firing in a corresponding
fashion. In the morning hours sales were
kept remarkably quiet and as the day wore
on the idea took hold of the street that the
price for preferred stock was about So
Buyers were shy. Discredit had been cast
on the stock, and the people We're not so
anxious to put money il it. The sale of
lU00 shares at IS p was reported in the
afternoon, but. taken in connection with
the expected delivery of large mum Der Of
shares to-day. on which $40 50 is receiv-
able, the decline is a play into the hands of
the shorts, and the fates are kind. A GER
tain brokerage firm in the market runs the
whole machine. From this house come the
belts which run the many wheels and don
key engines OF the brokerage occupation.
When this house says down down it is. and
when disposed to send up the stock, Up it
Is. Pass on.
No sales at the Board OF Brokers last
evening. The Offers and bids were as fol.
lows: