[Cotton Broker] Manuscript Stampless Letter From J.C. Fargo. Augusta, Georgia to Chauncey Rowe, Utica, New York 1834. 4pp. 7.75 x 9.75 inches.
4-page manuscript letter folded into stampless envelope. Bold and legible script. Slight content loss at wax seal tear. Minor separation at folds. Red Augusta, Georgia circular date stamp is weak. Red manuscript .25 cent rate. Very Good Condition.
Informative letter posted in 1834 from Augusta, Georgia to Utica, New York. The author is Joseph C. Fargo, a partner in the shipping/brokerage firm Adams & Fargo. The letter opens with news on the health of the recipients brother (mostly restored) and then goes into a report on cotton prices. "Our business has been very good latterly but was preceded by a very dull time occasioned in some measure no doubt by the rapid decline in cotton. The Cotton market opened at from 16 to 18 Cents & has declined to about 10 for strictly prime, a falling off which the Planters & others holding the article dislike to submit to, but there is not much prospect of its advancing soon. Some lots were stored in this place that could have been sold from the wagons for 19-3/4 cents, that now could not be sold for more than 10 or 11."
A glimpse into the life of a southern cotton trader from Augusta, Georgia.
A full transcription provided for this 623-word letter. Item #386