Wednesday, October 23, 2013

October 23, 1863: "Financial and Commercial"


On this day 150 years ago, Richmond's Daily Dispatch documented the crumbling state of the Southern economy.
Financial and Commercial.

--Gold is being bought by the brokers at $10,50 to $11, and sold at $12. Silver — buying at $8.50, and selling at $9.50 and $10.
State Bonds.--Va. coupons are quoted at 420 to 425; Va. reg'd, long dates, 200; Va. reg'd, over due, 172 to 175; North Carolina 6's, old issue, coupons, 445 to 450; new issue, 6 per cents., 209; new issue, 8 per cents, 226.

Confederate Bonds.--Cotton interest loan, 148 1-2 to 150; 100 mil. loan, 106 1-2 to 112 1-2; 15 mil. loan firm at 187 1-2; 8 per cent, convertibles, 112 1-2 and int.; 7 per cents 100 to 102; 6 per cents., 95.

State Bank Notes.--Virginia bank notes are bought by the brokers at $2.25, and sold at $2.50 to 2.75; North Carolina about the same; South Carolina and Georgia notes, buying at $3 and selling at $3.25 to 3.50.

Grain.--No supply in the market.--We continue to quote Wheat at the regular price fixed by the Government, viz: $5 per bushel.

Flour.--There is a decided scarcity of this article in the market, and what little is on hand is held at from $50 to $60 per barrel.

Corn Meal is quoted at $12 per bushel, and no supply in market at that price.

Country Produce and Vegetables.--Bacon, hoground, $2 40 to $2 50; Lard, $2; Butter $4 to $4 50; Eggs, $1 90 to $2; Irish Potatoes, $6 to $8 per bushel; Onions, $30 per bushel; Tallow Candles, $3 75 by the box; Salt, 45 to 50 cents per lb.

Groceries.--Coffee — Java, $8 52; Rio, $7 to $7 50; Sugar, $2 75 for brown; no crushed in market; N. O. Molasses, $16; Sorghum Molasses, $9 50 to $10.

Liquors.--Whiskey, $30 to $40, as to quality; Apple Brandy, good article, $30.

Fresh Meats and Poultry.--Good Beef, in the market, yesterday morning, brought 75 cents per pound by the quarter; Geese, $8 to $10 per pair, for good ones; Ducks, $5 per pair; Chickens, $4 to $6, according to size and quality.

Leather.--Sole Leather $5 50 to 6; Harness do. $5 50 to 6; Upper do. $6 50 to 7. Hides are quoted at $1 50 for dry; $1 for salted green, and 60c for green.

Tobacco.--Common article, not sound, 75 cents to $1 25; medium, pounds and half pounds, $1 50 to $2 for dark; good medium, bright, $2 25 to $2 75; fine bright, $3 to $3 75.

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