New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-17
On CARONDELET STREET.

The clouds have passed, and bonds have
recovered from the temporary depression
and depreciation caused by political tur-
moils in the government of the State. News
from New York represents the feeling in
State securities as improving since the ad-
.justment of differences and the settlement
of disputes, and the impression upon the
street is deep that the institution hangs to-
gether so well that no slight storm can dis
joint its numerous connections or PROSTATE
its energies. State obligations and bonds,
forwarded from the proprietors of country
stores, who receive them from officials and
official men, scrip Of all denominations, have
gradually come into possession of the princi-
pal business men of the street, who either
rails for loans, to be redeemed when the &C.
casion suits, or when fairer price can be
obtained Such State stocks enter largely
into the current of business, and form a
great proportion of all dealings-greater
than the mere casual observer would discov-
er from sweeping inspection. Besides,
great amount of these securities, city as we'll
as State are held in New York, which mart
they have reached both in the course of
trade with that commercial centre and by
hypothecation of the government to re-
lieve embarrassment. 1t will thus be seen
how readily any prospect of solution of
the difficulties, and also of the payment of
coupons and interest, as we'll as redemption
of the securities themselves, act to create
an appreciation in New York as we'll as in
New Orleans. The construction of railways
whose bonds are put upon the former mar
ket, the excavation of canals and work upon
improvements are tied up whenever the
news is colored with anticipations of confu-
sion in the State government; for it is impOs-
sble to obtain ready money except at ruin
Gus rates whenever such news is unfavOra-
BILE. The strength of all administrations
lies in their credit, which, once impaired,
paralyzes the operations on public works of
all kinds until restored. Incalculable mis-
chief results from noisy demagogues, who
seek their own aggrandizement over the
ruins of the States finance, accomplished in
directly by efforts to plunge the govern
y
from the standpoint of business, there is
deep faith in the government living through
the storm without serious damage, yester-
day making good showing in warrants.
for which sixty cents was asked with i'm
punity and obtained in ease.
In the way of stocks, Mexican Gulf has
taken shoot upward, holders being I'M
willing to sell, and Lottery has also appre-
ciated. as well as other stocks supposed to
predicate their value upon the action or in
action of the General Assembly. Levee
stock has not deprecated, notwithstanding
those who would buy having anticipations
of such fall.
Money continues easy and the banks ac-
cOmmodations are not strained, the demand
for discounts. in its regularity, showing that
the volume of business is by no means on
the wane
spirit yesterday than on Monday, it still has
a great deal OF the inert to its progress from
the late dead point. Prices are presumed
in favor of buyers, as such a condition of
things is usually the case when the demand
is without vehemence. As factors were not
disposed to ask more than buyers would
give, the sales proved liberal in amount
There were no sales at the Board of
Brokers last evening. The Offering and
bids were as follows: