Richmond Markets, November 19.
There is no new feature in commercial affairs.--The tightness and want of animation noticed for some time past, continue, and must continue while the present doubt and apprehension relative to political affairs and events agitate the public mind.
Enterprise is trammelled; energy restricted.
Men are timid about entering new plans and are indisposed to extend their present ones.
The exchanges are getting involved; State currencies falling into trouble and giving trouble.
State stocks and other stocks are falling.
This kind of property, in a period of apprehension and national difficulty, is always first to feel the effects of commercial depression; but other species of property must experience the same fate.
Sensible men indulge very discouraging forebodings, and express the greatest anxiety that something shall be done promptly, that we may know the worst, or avert the suffering which must come from the present state of public affairs if they continue.
stocks fell to $80 in New York on Saturday, and we hear that there were sales on the street after the close of the Brokers' board, at $75. Of the currency of the Southern States
, very little circulates in Virginia
, save North
and South Carolina
The former is 2 per cent. below par and the latter 5.
Money is scarce here; but we notice the continued solvency of our mercantile classes.
Indeed, they never were more solvent, if they ever were as much so. Nothing but the disturbing influences of the Northern
crusade against the South
, and the consequent excitement that prevails in the Southern States
, affects their business at this time.
How long these things must continue, and how far their consequences are to go, time alone can tell.