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The Daily Dispatch: July 16, 1862., [Electronic resource], Active movements. (search)
oreign goods; and, as the duties were nearly prohibitory before, this will render them absolutely so. Fortunately, with the exception of tea, coffee, hides, drugs, and one or two of her articles, everything consumed here can also be produced in the country; and, on the other hand, the supply of food and other produce which can be sent abroad in case of necessity, and sold on American account, is almost unlimited. Breadstuffs, though they have advanced considerably within a few days, are still 10 to 20 per cent, lower than they were a year ago. People who are afraid of the depreciation of the currency cannot do better than send grain or flour to England, returns to be made in gold. Money continues fairly active at 5 @ 6 per cent. Many capitalists are distrustful of the future, and decline to part with their funds. Certificates of indebtedness are worth 99½ @ ½; green backs, 7½ @ 8. It is a common remark that stocks are advancing, and have been advancing of late. This is an