The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-11
Review and outIook.

The local agency of r. G.. Dun & Co.
makes a trale report for tho Industrial
Section as follows:
"Considefabl interest is shown in
banking and commercial circIey here
over the reorganization og the new Fifth
District Federal Reserve Bank. which
WAS completed last week. and 1t Is
expected that this will be Put into ac-
tive operation before the end Of &C.
tober. II liz hoped that this new sys-
tenn OF banking VIII prove OF ,imme-
date material ,chetit in the adJuAtment
OF The cotton situation, which is still
the cause for some apprehension
though IL Is not doubted that the nu-
merous Buy-a Bale movements have
served to strengthen the market, and
restore confidence to growers OF the
product
The State Fair held here during the
past week was largely attended, and
has had the effect Of stimulating trade
at both wholesale and retail owing to
the number of out-of-town visitors, in
Guiding country merchants, and the
latter are reported to have made lib
eral purchases here.
Some local manufacturers are
further proftinG by the situation
abroad, and some additional contracts
have been placed for foreign shipment
1t lie believed that these are only the
y.
to be expected.
Building operations continue to
show the effects OF the Tightening Of
the money market, which began to be
felt about six weeks ago. and permits
Issued for September. 1914 amounted
to only s135.79S. compared with $751;
40 for the preceding month. Trading
In lumber and building materials is
consequently light. but prices have
been maintained as rule.
internal revenue collections for Sep
TENDER, 1914, at the local office, we're
s66j,f99.44. and this shows "a crafty
ing gain as compared with 1919, s7St57
for September year ago. This in
Guided collections for cigars, sa3,350.40;
cigarettes. S350,ST2.lO. and manufac
tured tobacco, s130.5O2.31
Failures for the first nine months
of this year in Virginia, is compiled
by Dun's Review. were 231 in nun.
Der, with liabilities of S1,9S9,133, which
makes a favorable showing as COM
pared with last year. North Carolina
also makes A better showing in this
respect.
Richmond bank clearings for tho
week ending October 3. we're s7,960,50s
compared with s7,409,sOO for the pre-
vious week.
The weather recently has been more
favorable for fall planting. and farm
ers over the State are taking advan-
taEe or this"
BRIGHT TOBACCO
GROWERS ALL RIGHT
a fine gentleman who resides i'm the
bright tobacco belt writes me letter,
and ADDS postscript urging me to be
sponsor for 1t and not call his name.
am perfectly willing to comply with
both requests. He writes: please do
not let your correspondents get the
thing mixed. and please watch your ex-
changes. and do not let the State
papers get it wrong. So far the In
dustrial Section and the Industrial
Editor have drawn the line correctly,
but j notice that some other papers,
and not few OF the correspondents
Of the same, are making mistake on
this tobacco situation. There is no
trouble with the growers Of the bright
tobaccos., They have had the troubles
of a drought year and their crop is
short but their goods are in demand,
and the war In Europe Is not hurting
them worth a cent. All OF the trouble.
so far as tobacco Is concerned, Is with
the growers Of tho dark weed, and
they are a small minority among the
Virginia tobacco growers. Yet many
OF the writer's on the subject refer
Continued on Third Page) .