New Orleans Republican., 1872-04-05
on CARONDELET STREET.

The volume of business in cotton is re-
duced. The wind from Liverpool drove
| the tide out and the bald shores show the
lean scarp where yesterday was flush
Buyers come to the front. Factors are
drawing in their shells, preparing for the
| low water stage, which, in cotton, turns up
every few days. The majority of factors
think the buyers are well off if they do not
demand an advance over day-ago rates,
and hold to the opinion this is as much
| comfort as can be expected Buyers re-
| fuse to 20 on unless holders do little more
| coaxing. and on the blackboard alter the
| figures from | to u at least. or Is. In
| short the market is on the turn again
| Now. it may go back to-day, but all is set
| tied according to the wind from Liverpool.
| which may veer round to point when it
| will be more acceptable to those who have
| cotton to sell. The sales have fallen of.
| The Exchange figures for good ordinary
| are q a.c, low mlddling 22c; middling 22aac.
| These are outside rates, and will stand a
| little subtraction.
! Shorts have control of the stock opera
| tions in Levee, and the market yields. 1t
must be stated that whenever there is a
| rise in any of these representatives oi value
a corresponding number of shares are sold
at the highest rate to be delivered week
or fortnight hence. when, if the thing falls
! below, the sellers who are to make good
| their contracts will gain; if the value is
| more, they lose. As stated previously, about
| 5000 shares were sold short, and must be
delivered before this week is out. the
transactions being at the rate of $40 so A
| pause having eSsued in Levee, and a great
disposition to sell having pervaded the
holders, the rates are, luckily for the shorts,
50 25, 50 81 L. and 50 so, the hope resting
with those who hold for greater rise. The
| cohort of buyers has been thinned out.
Hopes of speedy realization have been
dashed. Stami ma has weakened into irreso-
luton. 1t will probably be some days be-
fore Levee will recover from the attacks of
its own friends who follow the laudable oc-
cupation of selling for more than they give
The ordinary is valued at 81 % to s.. the
latter being the bid the former the asking
price, and the world must wait quietly un-
til the election for the next great change
There are no indications of a movement
IN Ammonia stock, which is still quoted at
Sl7 30. The trouble seems to be that much
as one may believe in the advantages Of the
plan that the company are to carry out as
yet there is nothing but stock and senti
ment on the market
Louisiana warrants felt change yester-
day, owing to the arrival of the Governor
and the expected signing of the funding
act.
Teacher certificates can be sold. it is said.
for %. This is on account of the prospec-
tive loan OF the school directors to cover
past indebtedness, and the signing of the
school tax law, under which the money is
had.
City certificates show remarkable station
airy proclivities, having been S6ls S1l2 for
a month.
New warrants (l072) are valued at G2l2-
brokers not getting it through their heads
that they are fundable, notwithstanding
kind and profuse interpretations of the law
by the disinterested holders, only anxious
to convey information.
In foreign exchange, domestic and ster-
ling there is no news, the stream of re-
mittances is not yet dry, but the business
in either OF these elements certainly is.
Gold has not fluctuated more than a frac
ton for the past three months. To wait for
a change in its destiny is like standing by
the river side to wait until the waters run
by.
The advance of the Bank of England rate |
to 3la per cent only touches the cotton busi !
ness: money is easy to be had and the finau- |
cial ''goose hangs high
At the Board of Brokers last evening |