The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-29
PROGRESS AND PROSPERITY THROUGHOUT The

the prettest residential sections OF the
city, which is Immediately opposite
Contra. park on the eastern side
and will In future be known rs Park
Place s225,000 has been appropriated
by the city within the past Ave years
FOR the paving OF roadways and side
walks, and the construction OF new
sewers. and extension of old ones. ana
this campaign OF public improvements
Is stiil in active progress. The foliow-
ing is a comparative statement of the
assessments of real and personal prop
erty for city taxation for le0i ana
1906:
1907. Real estate, s7.sI2lel personal
property $I.os5.0g0; total, sltSsT,lal.
1905 Real estate. s7,s54,4s9i personal
property S6.54g,Gio, total, sll,1SAl29.
Increase, real estate. slIIol2i nefsonai
property Ss35,45o; total. $IlS.e62.
This Increase Is shown when asse ssed
values are very low. and after re-
duction In the tax rate within the last
two years from $3.50 to s1.40 per 500.
one of the most urgently needed
and importarit assets that the city
could acquire was secured TINS year IN
the opening on May 25th, OF the STRAIT
ford Hotel. the largest and best nos
telry here, owned by an organi1atioh
of young business men. TINS. ana the
construction of new telephone
change. with the renewal of the en-
tire system of the Petersburg Tele-
phone Company. We're two Important
features OF the years work.
THE reorganized and reyivthed lhan-
her of Commerce has proven 1tsel1 an
Invaluable factor in the deNeiopiiieh.
and advertisement of the CITY
sources A few of the notable results SUI.
from its works were the establishment
of handsome exhibit at the James
town Exposition, in which the collec-
five exhibit of manufactured products
OF Petersburg received gold meual
The organization of the Retail Mer-
chants Association and the petersburg
Home Building Corporation, BOTH OF
which were recently incorporated; the
Improvement of facilities for handing
freight at the various railroad depots.
and the work for the improvement OF
the Union Depot The great work OF
dtvertng the channel OF the Appomat-
tox River for the purpose of securing
a deep backwatcr harbor by the erec-
ton of dam just above the Pocahon-
tas bridge. is steadily progressing, and
the Atlantic Dredging Company, OF
Philadelphia, is now working on IN &
last section of the new two-mile chan
nell the dredges having reached the
short stretch Of meadow land in Poca-
hontaS between TIE AtltHtlC Soasl A-iiie
Railroad bridge and the river. The
completion of this work will be fol-
lowed by the erection of the dam be-
tween the Bichop and Pocahontas
bridges.
AT the time of the discontinuance OF
tobacco sales at the warehouses FOR
the Christmas holidays, an aggregate
of 2.23e.915 pounds of loose tobacco
had been sold on the Petersburg mar
ket this season at what are regarded
as excellent prices ranging from 81
per hundred pounds for common Tugs
to sS5 for fine wrappers. Offerings
have been very heavy during the past
three weeks.
Dizziness, with declining prices for
Spanish nuts. characterized the peanut
market this season up to short time
before Christmas, but marked I'M
provement has begun in the last few
days. Prices for Spanish have ranged
from 81 per bushel to so cents, and the
market is now firm at the latter figure
The market for Virginia nuts is firm a
8 cents to 3B for fancy stock. The of.
ferings have been very light up to thi:
time. 1t is estimated that about one
half of the crop has been marketed.