The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-11
SKIES ARE FRIGHTENING;
WAR SCARE ABOUT OVER
Richmond Financial Experts Be-
coming More Optimistic-See
81 Dawn of Better Day.
ALL THINGS COMING OUR WAY
Great Britain and Other Foreign
Lands, Even Germany and Aus
tria, Must Have Our StufT-NIoney
to Pay.

u ray.
In number of interviews with con-
sentative Richmond bankers and hnan-
{ cial experts on the local ground. find
that the Virginia contingent, like the
optimistic bankers of the North and
the Middle West are agreed that SO fan
as finance and business go, the Euro
pean war scare is very much at it's
end
Those who have been very closely
watching the financial situation be-
lieve that the tide is turning toward
better conditions. Signs OF this ten
dencY are said to be found in the rec
ORC of shipments of foodstufrs, the be-
ginning of an export movement of cot
ton and the oasinS OF the money mar
ket. The British empire is reaching
out over the earth to recover Its trade.
and this is regarded as meaning easier
credits on London. The volume of
stock transactions passing through the
New York stock Exchange committee
has been much larger than the public
has been permitted TO know. Az high
as 26.oOe shares in single day have
been sold without variation from the
y closing prices, and for many days re-
Gently transactions have run from 5000
10 :, 900 shares u day. The trading that
has been started in bonds under tho
auspices of the New York Stock EN-
change committee reflects fair strength
1t is estimated that on october about
100 transactions, covering $500, 900 in
bonds. took place through this commit.
tee. The demand for commercial pa
per at and IL per cent is in
crea sing. and ii can be broadly stated
that there is no trouble in this country
At the present time except over the cot
ready been financed to the extent of
30 per cent by the banking interests
of the South
BRIGHT VIEWS Oh, THE
oPTIMlSTICALLY. INCLINED
In this connection some views from
the optmist of the Cincinnati En-
qurier may be OF interest. He says
Last weeks expectations marked
decided change in the business affairs
OF this country. and from now for
ward the demands OF foreign countries
for the products of our farms and the
output of our mills. shops. mines and
factories Will be increasing. and the
tide of commerce and of industry will
sweep strong and steady throughout
the entire country. save, probably, In
the South, depressed as Is that Sec
ton by the lack of demand for cot
ton.
In the South. Florida. with Its greatly
diversified agricultural interests. its
many prosperous industries not de-
pendent upon cotton, its climatic at
fractions and advantages, its prospec-
tive large increase in visitors and new
settlers. can be regarded as the eX-
ception from other States of the cotton
belt In its business conditions, and.
no doubt, 1t is and will be quite pros
porous.
The South should, and we hope will,
secure the FINANCIAL relief her planters
reed to carry over the cotton until the
demand for it. which is sure to come,
! shall arrive.
West. North and Eas, in the United
states II is plainly in evidence that
great activity has set in for all classes
of business, and this will be maintained
tor many months TO come through the
Increased purchasing power of the ag-
riculturists of these sections who have
been blessed by large crops and are
fnvored through good demands and
high prices for them.
BUSINESS MANS VIEW OF
THE WHOLE WAR SITUATION
with three continents involved In
war and the oceans of the globe pa
) tiolled by belligerent vessels. 1t could
/. not be otherwise than that our hnan-
cial. commercial and Industrial af-
fairs would he deranged but at the
! emu of sixty days from the beginning
OF hostilities we find our country ready
to transact business with the world
upon scale that has never been
eauaied in extent or in value In our
prior history.
The records of coal shipments have
all been broken during September and
our mines this winter will employ more
men and their pay rolls will be larger
In amount than ever before known.
The outlook for iron and steel grows
brighter daily, and. while the pros
perity OF our farmers keep up de-
nland for automobiles, that gives en-
N hmm flr..f Of a..
skilled workingmen. the call o. for.
e!sn governments is adding to, our
sales, and at the same time the war
in Europe is leaving 10 our manufac-
turers the trade of Asia, Africa and
South America.
dealers in such articles have large
orders; there is an immense call for
clothing, blankets. shoes and other
furnishings for the soldiers in the
feld or preparing for the campaigns
ir Europe.
s;ccks OF that fiber throughout the
world bid fair to he absorbed by actuuI
Utilization during the next six months
transportation companies are no
longer compelled TO serve the public
at loss, and their millions Of en-
time and good pay in every State OF
the Union.
The hesitation in business, quito
prudent and natural in view of the
sudden changes brought on by the
war, is now of the past. and our mer-
chants. our manufacturers our bust
ness men generally, are now feeling
the effects OF q healthy reaction, and
the stimulus which an assurance OF
sood times always brings 10 them
THE MANASSAS FAIR.