Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-11-15
Review and Outlook.

L. u. Duil " GO. S local special 10Y the
Industrial Section is as follows:
Tine expected opening OF the Fed
eral reserve bank, and the removal Of
tobacco from the contraband class by
foreign governments are two OF the
most encouraging factors III the local
commercial situation. Tho cotton loan
fund will be available for use with
the commencement OF business by tho
bank, and the settlement of the vcXin,:
question regarding tobacco will be met
with much satisfaction BY the Virginia
producers of dark leaf for the cNport
trade. Tho bulk OF this variety has in
the past been taken by foreign buyers,
who have held aloof from the market
since tho beginning of the present sea-
son. Business conditions in adjacent
territory are reasonably SD tisfactory in
view OF the general unscttlement exist
Ing, but in those sections, which arc
dependent for income on certain crops,
practical staSnation exists, with very
little money changing hands. Most OF
inc concerns, which derive their trade
mainly from such territories. are mere
~ marking time. and waiting for the
future to bring about an adjustment.
Most or the jobbers here report that
the volume OF business Is less than
that or last year for the correspond
ING period. but no disposition is shown
10 force matters In connection with
either sales or collections. Meanwhile,
all reasonable economies arc being
practiccd against the possible post
ponement OF return to normal trading
conditions. statesmen have thus far re-
ported little business taken for spring
and hlling-in business Is small, owing
to the unseasonably warm weather that
prevailed until recently. Cooler wealth
err has awakened some activity in re-
tall trade, but this will require time
before IT affects the demand at whole.
sale.
practically no new tobacco has been
brought to this market as yet, as pres
ont weather conditions do not admit
OF handling the leaf satisfactorily. and
more dampness is needed. Farm worl,
has also been delayed from the same
cause.
The larger industrial plants are
operating full time, but skilled labor
In the building trades shows tho re-
suit OF the practical stoppage OF con-
struetion work and the number OF I'M
employed OF the cheaper class of labor
has reached unusual proportions In
comparison with tho past few years"
Richnoud Ranks and Tobacco.
The officers and directors of the Rich >
mond Tobacco Board Of Trade have
addressed letter 20 tho Western To-
bacco Journal, a trade paper publish
ed in Cincinnati. and at their request
1t is reproduced here as n hint or sug-
gcstion to whom 1t may concern. These
gentlemen wrote the tobacco organ as
follows
There having. for several consocu-
tive weeks, appeared in the Western,
Tobacco Journal from Your correspon-
dent, in Richmond. statements to the
effect that the banks We're Offering
such poor accommodations to the to-
bacco interest that it was seriously in
terfcring with business. and in your
NJ lN..,. y
an article from Richmond, which says:
That as long as the banks do not
seem to be able to take care of the
tobacco crop and also that farmers
were afraid to bring their tobacco
TO market. Now. these statements
arc so absolutely far from being what
we believe is correct In the city of
Richmond. that we must ask that yon
publish that the Tobacco Trade.
through its board or directors, en-
phaticaliy states that the banks of
Richmond. va. in their belief, and rs
Tar as they know as a whole, have
fully taken care OF their tobacco Gus
tomors.
The banks have worked far below
their reserve and have not hoard ed
money at all In fact they have af-
iorded every proper accomm odation, as
far as We know, to it's local customers
and have loaned out pn unusually
crop OF North and South Caroline, and
therefore. VIC regard the statements
from your correspondent In our city
as misleading. and their continued rep
clifton is putting tho Toba eco Trade
and the banks OF Richmond in po-
sition, in our opinion, that is not JUS
titled by conditions
A Good Roads Hint.
One Of the most progressive citizens
Of Mecklenburg County writes the In
dustrial Section, as follows: Permit
mo to offer a suggestion In the column
which IL opened to us for that purpose
in the great Virginia paper, The Times
Dispatch. haro just made an auto
OF DInwiddie and there saw for tho