| From the New Orleans Daily Crescent |
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| November 4, 1861 |
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| New Orleans Money Market |
| Crescent Office, No. 70 Camp street |
| Saturday Night, Nov. 2, 1861 |
| The embargo and restrictions
imposed by the military authorities in Kentucky and Tennessee are
operating greatly against what little trade and business our community
was favored with last week. In most articles of daily consumption,
breadstuffs and provisions particularly, we are silently drifting
towards famine prices. If those large and bounteous crop accounts which
we have for months been regaled with, are actually realized throughout
the country, we ought to be receiving daily evidence of them in our
market. In sugar and molasses, there is an abundance, far beyond the
actual wants of our inhabitants, as well as an overabundance to meet the
demand for the Confederate States. The interruption on the Memphis &
Charleston Railroad imposes another depression on the trade in these
articles. The transactions in these two articles during the week amount
to about one hundred and sixty thousand dollars. Pork, beef and bacon
are held at starvation prices. Possibly there may be a recession in the
prices of those articles when the packing season arrives. ***** |
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