New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-23
ON CARONDELET STREET.

Mondays in cotton are usually quiet.
Whether this is owing to the habit among
business men Of rounding off their transac-
tons on Saturday. closing operations at the
weeks end, so that new leaf must be
turned on Monday without the business OF
the previous day for guide, or whether 1t
is due to disposition Of waiting tor events,
is not known. Mondays are the dullest OF
the week days, unless the momentum of Sat
urday crosses over into the next beginning.
We have not had much to drag on during
the past few days. The slight fever toward
the latter end cOnvalesced into dullness be-
fore the close of bank hours on Saturday,
and yesterday the position might be de-
scribed as waiting for something to turn up.
We despair of finding out whether prices
have changed or are at level. Generally,
period of quiet is the forerunner OF fall
Liverpool was again dumb; consequently,
the oracle being shut up, the doctors con-
strued the signs to mean "hold on and keep
COOL" Factors held on to their old rates,
and the buying and selling was circum-
scribed within limits quite small.
Far as the state Of the market in all
kinds of stocks are concerned it cannot be
disconnected from politics, which shape the
demand, and hence control the operations.
No orders come in for investment. Those
who would buy stand aloof. While the
raiding of quiet streets with swarming
crowds continues it is impossible to do any
business, or to find out what has been
done. The mind of every one who comes
upon the street is charged with the prevail
ing topic, and discussion of the qualities OF
stock and how much it will bear is changed
for canvassing the merits of Smith or
Brown for the positions they hold or would
like, and to disquisition on the merits OF
law as means Of rescuing the city from
trouble. POydras street was, for the same
reason. dull as CarOndelet. Drays stood
idle in front of doorways. Employees either
sailed out to Canal or else remained to ask
the news from passers-by. The influence
was felt even on the levee, usually sup
posed independent Of such surroundings,
and it is believed that for one day, at least,
a stopper was put on tie currents OF trade
by the agitation Of the clans. In the hours
of the afternoon the excitnpent on Caron-
delet street cooled down. Warrants during
the day were not touched; if altered at all
they changed for the better. Runners were
sent out to hunt them up, and should any
one offer for sale even more than the mar
ket rates would be given before a willing
ness to let the seller go would appear.
Money is plenty and once more looks up
the borrower, the strain having yielded,
and the rates being on the down grade.
Banks are ready to accommodate on easy
terms and good paper.
Domestic exchange is steady. New York
banks remit at par, and IS discount is still
the ruling rate.
State securities are in no peril. The sole
effect of the late troubles resulted in shut
ting Oft the demand, but at no time was an
eagerness to sell discovered in these Obliga-
TONS Other stocks show nothing doing
There were no sales at the Board of
Brokers last evening. The offerings and
bids were as follows: