New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-09
on CARONDELET STREET.

Ammonia stock is firm at $29 to $50, the
reported quotation Of $25 in yesterdays
edition being an error, it should have been
s29. What there is to produce such re-
sult. what new hopes have arisen in the
substitute-mule business, requires more re-
search than an ordinary days journey can
fathOm. There are a number Of well-skilled
artisans and men versed in the applied
sciences, who are studying out the problem.
1t gets along beautifully through the
various stations of conception, birth in the
Patent Office, computation OF cost and
formation of company. But when the
stock gets on the street the brokers go tor
it like boarders in second-rate house go
for hash. If one of these gentlemen wants
to buy he runs it down; if he wants to sell
he runs it up. Often he will figure in both
capacities in the same stretch OF the sun.
Sometimes he gets up false press OF intel
ligence, and if the stock energies from the
knock down with mansard root on Its
head, or to put it in palmer language, II 1t
is knocked into a cooked hat and life yet
remains, it is a lucky thing for the inventor.
More good enterprises have been killed OFT
in this manner than there were ever hum
bugs tolsted on the public. SO little has
Ammonia varied in the run of such gym
nastic exercises, that the street Is begin
ming to look upon it as one Of the steadles.
| 1t is generally the case where stock ranges
upward for months, and rises, as this has
done, from the cool shades of SIS to the
nfe ,ts fO
| that it has some bottom to it, and is not
devoid of that specific gravity. which will
make it float in the sea of speculation when
similar enterprises go down. The Ammonia
car will actually run in a few days, and
until that time opinion must be suspended.
In cotton, there are many buyers who are
| PLAYING for keeps" 1t is hence their in
terest to show the price Is down. A man
! might take, with great success geo.
metrical observation of the sun Through
glass, darkly,' or perform some wonderful!
| feat in the isOmetric demonstration OF an
eclipse, but he can't strike an average and
| be lust of what fraction of a cent cottoN IL
| down or up IN single day. The advices
speaking through New York and Liverpool
are unfavorable, since they report dull
market and buyers 10TH 1t will not do to
predicate upon a continued dizziness and
consequent concessions" Factors, follow
ing after the patriarch won't surrender
Neither will buyers give prices two days
old AS a consequence, the course OF trade
| which is made up of two currents, each
setting in opposite directions, is at stand
| as these drifts of buying and of selling have
scarcely any motion. The sales amounted
to less than the day before, and trade Is
languid and yawning terribly.
Foreign exchange is now in firm twist;
rates are inclining upward, though, as yet
are rooted to the same old spot
Bank remittances are still par. Domestic
generally is steady.
Bank stocks are selling at improved
prices. where other circumstances are thu
same.
Money is looking up solid investments n
| all directions. and can be had at light TO ten
per cent
State warrants have taken another If
and are going back to 50. Yesterday they
were reported at 3. The impression is th'
funding act is o. X. Delays are only dan
gerous to first holders.
CITY appropriation certificates rule a
sig.
All Iancv stocks have gl;mmered.
There were no sales at the Board o
Brokers last evening. The offerings anc
h;Ss were As follows