Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-03-11
FINANCIAL AND OoMnKACIAL.

ess oTYIcE OF the VINO, March 10, 1884.
We omit our Weekly Market Report as the
condition Of affairs has undergone no materi, change
Ill ce our last report far country prodsce is con-
cerned TIE market continues bare Of provisons and
prices are bominalIy high enough 70 satisfy The NOT
avarcious extortioner in the land Sugar has declined
and tobacco Is decidedly lower. We hear OF no hal-
sactions in gold Bonds and stocks heavy, With de-
cliuipg tendency. 81, ~.
In "peace times" farmer would be content
to cell sur at 81 per barrel II he told ohs HUNDRED
barrels at this rate the procesdl would amount 70 500
he interest On which, II the invested In bank
stocks, would average per csnt, or 500 per annum,
If he sells the same quantity at the market price.
in chmOnd, $3.50 per barely he will realize $4,000
which, if Inv, ssed in four per cent Confederate bonds
will yield an annual interest Of 81 000 or $500 nore
than the value Of the h)ur in "p,ase tines" When We
shall have achieved Independence this interest viii
be paid IN specie Az with -four with other articles
now selling al famine rates Present prices, however
canrot continue much longer va shall all presently
see.
At a large sale Of leaf tobacco, in Petersburg,
Yesterday prices deolnoi about thirty per cent Luss
brought sl7a:0; common leaf $2sa4o good leaf.
$45 70.
The amount of Confederate currency funded
in Charlottesville during the fas Two days anounte to
nearly $26o. 600.
Tho stamping of Confederate Treasury notes,
Ia red eters across the face, with the names OF tie
moaths in which lhsy were Issued dutg the past IL
months, turns out to have been labor thrown away
The object OF the sampIng to exclude notel wch
had been Issued twelve month"; from convertioiiy Of
the Treasury into six per cent. bonds. The "Cut
rency Act" having done away with this absurd discfn-
nation against notes CT rscuar dae the rsd stteu'
have become dead letters" 0as note IL as fndable
as another, ia four per cent bond, until ln April with
the exception of the hyes. whch mob fundabs until
after that date. g
The Mobile Tribune aptly remarks that it is
most amazing folly for holders Of the pr,s,ns cur
rency to rush into the market ~ e1Iend Il though
the four per cont bonds into which fdndabe would
prove valueless. II ssys further:
The bonds, although moi currency, three months
hence in ell probability, sil buy tses - much a. hs
currency at the present prices for although uot in sm .,
amounts they will to convertible info currency at dis
count much less than La, Which the present. money Is
now subjected 10. - 4fse
III the four per CENT n0nds are Of no vhue-n
would seem by Vi, eager desire OF The Euic ~ get rid
Of the money which i. TO buy tAsm--sAy, thsu a. We
have Sid no Confederate nOnsy 10 valuable for ihe
security is alike in all tie boads and currency new or
old.
The small interest on these boEds aad the fact that
they are no, available for the payment OF taxes ahr
the pressn. year, may have somshins 70 De villa the
e1orbtant prices how many people, buyers or sell
ers have taken this into considsraioRt Not ons 10
thousaud The panic Is not bassd en- that ksowledgA
but simply gIneralJ both In bnysr aud sslsr, en- the
belief that the moaty, by being funded Is absolutely
lost to them II the holders Of some OF shoss bonds
live year or two and the e0ungy b nos ernshsd they
will be able 10 see the fsy Of ihoss whs are 20 day
throwing aray their money, aud in thus throwing IL
.ay MT only juring themselves hus raisins ihs css
Of everything she groaj dssrment OF the wiser part
of our communities.
At auction in Petersburg, Monday, Psters-
burg railroad stock sold At $s4oosso; DO tsssaesd
at s2IOe2bS Bank of the City Of PeGssury size
1857 Soushsids Railroad stock 500; Merchants Man
uiacturing Company $7oS; Mechanics do ssos; hator
ca do s6IO; Earicks do slo; and $1,000 Dinsidiis
county bOuda, payable jar. ls, ss, at $ls7}aiss.-
The Erres Gays jus: previous to the war the above
manufacturing sooks could DO pisntuy bought ct ss
q