The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1909-04-18

lngS TOT last week were Sb,OlO,55l- For the
year 1903 for the same week they were
S5.S2s. rs. This is an increase OF y sic
per cent. The increase IS much larger
than for the week previous.
The increase. outside OF New York City,
for the United States was lilo per cent
Richmond, therefore. had a better in
crease than the general increase Tor the
country, leaving out New York.
II is interesting to note that New York
City carries double the clearings OF the
entire United States outside OF Man
haitian.
An interview with Bradstreet this week
reveals good conditions IN Richmond
Business Failures Decrease.
Failures in the city for the month are
less than those Of the same month last
year, not only IN point OF number. but in
point Of liability. The financial condition
is reported as very good
Mercantile and banking interests are
said 10 be safe and conservative"
Numerous changes IN ownership OF
stores is about the only cause for the re-
tirement Of merchants. and these are at
tlibuted to specGIations OF an advantage
Gus character.
Regarding labor, the situation seems 10
be better than II was a year ago.
The Richmond branch OF the American
Locomotive Works IS making extensive
improvements, and il is said that there
will be room made for many OF the men
who We're put out Of work last year when
the railroads generally closed down on
orders for new locomotives and cars on
Of
detrimental 10 the interests Of the rail-
roads.
Increased Rates Accepted.
Furthermore, one OF Brads-eet's re-
porters declares that the public generally
accepts with approval the increase in
passenger rates. This is due to two facts.
One is that the travelling public by buy
ing books can obtain the same rate.
while the increase in the itinerant trav-
eler's rates gives the railroads sufficient
income 10 put on better service. When
the rates were reduced many trains were
taken or the regular schedules and as a
consequence travel was below the aver
age in point Of comfort.
Among wholesalers the interest Is bet
ter and business is more conservative.
Collections are reported as much better
Richmond's revenues. according to z
report Of the city accountant, were s., 49,
sco65 for the year 1905.
Bankers Hold Smoker,
Group No. Of the Virginia Bankers.
Association viii hold its annual session
at the jefferson Hotel here tonight. The
association viii have a smoker. which |
will be preceded by brief addresses on /
finance and banking. W. NJ Addison. |
cashier OF the National Bank OF Virginia, |
will preside. There. viii be addresses by
Col John B. Purden, president OF the
First National Bank: Joseph Stebbins. |
president Of the Virginia Bankers Asso-
citation. and others. George J. Seay. OF
the firm Of Scott & Stringfellow. bankers /
and commission merchants. will discuss
Postal savings banks" William T. Dab !
ney. president Of the Richmond Chamber /
of Commerce, viii talk on The useful !
ness Of banking institution TO a COM
munity beyond its business operations - |
The speeches will close with a talk on
state bank examinations" by II. NJ
Phillips. cashier Of the Peninsular Bank
al Williamsburg.
officers of the association are: Josenb |
Stebbins, South Boston, president; Y. q. 1
Calling, Lynchbu-g, secretary; X. A. |
Williams. Richmond. treasurer. Group 4
No. 2 represents the bankers Of the east
ern and middle sections Of the State. II
IS composed Of about forty banks. includ- /
Ing those in Alexandria. Fredericksburg. |
Charlottesville, Stanton. Petersburg. /
Danvi!le. and South Boston.
City's Finances Improve
a statement Of the financial condition /
o. Richmond shows that taxable values /
have increased from SIS. 25s, 2ls 10 SOS 1Ss.-
10 IN 1908. or more than 30 per cent. The
salable assets exceed the debt Of the CITY /
by more than $5.50O.OOO. The extension Of /
the corporate limits in 1906 Is responsible
for much OF the increase BY refunding
its debt 10 bonds bearing per cent
interest there is saved to the citizens or /
Richmond $4,000 annually. while the debr
IS now more than l,2J0, 900 larger than in
1900
Including the present suburbs. reached /
by street railways the local census gives
Richmond a population Of about 10000 !
which might be termed a street-car popu- (
laton. This includes Manchester and
other suburbs. In 1890 il was only 6Oo0.
Post-ofice receipts for last year were
s55O,OOo.
There are twenty prosperous banks in
the city.
There are six railroads and one steam.
ship line.
Tobacco Receipts Light.
Tobacco receipts for the past week
show that the anticipated slump in the
delivery to the leaf warehouses Is a re-
atty. Scarcely any tobacco was market
ed in Richmond during the past week.
due to the fact that most of the weed
has been marketed or that farmers are
planting the new crop and are too busy
TO come to the city. This did not stlmu-
late prices. as IL might have done
through a short crop. owing TO the fact
that the tobacco that did appear was
composed OF tail-end goods and SCRAPS
Only a small percentage of good filters
and wrappers has appeared recently
This, TOO, accounts for low prices on the \
average Of stock presented. Prices how
ever, on these latter grades, taken sepa- ],
rateiy from the average, were I'd to the
standard. Very little tobacco Is expected
during the coming week or during the
remainder Of the open season.
Canton Syndicate VIII Build.
In March OF last year the Cantonese
merchants at home and abroad formed