The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-10

=
i ] can state. however, on what must
Doc accepted as unqucStionablc au-
; thouty that the Interstate Commerce
I Cou.u!ssion has already decided dCh-
! u,clN chat ,ha Eastern railroads
need and must he granted moro rev
-. What the commission now has under
is Tho best method OF
eNt,udiuE suCcor--whcthcr through 2
substantial increase in the rates
charged for carrying certain classes Of
goods on through charging shippers for
manly services nov rendered free.
'ihc expectation is that both means
Wlii be authorized to a moderate cN-
sent, ana that the ruling will be re
.E,ldeG rs helpful.
Rallroad sentiment ought, therefore,
10 become more cheerful before another
l1orth
INA, is encouraging development
80. T.
1Acn The government has estimated
winter wheat harvest OF $4,000, 0OO
bushels. much the best figure ever
l.ucd or attained.
M l'hat S encouraging fact 40. .
Resident Wilson has selected u Fed
~'etai RESERVE Board which has com
manded tho instantaneous and cordial
endorsement OF the whole country.
ihat is encouraging fact No. 3.
washington adviccs record that the
Democratic leaders. including the
president have tentatively. if not
definitely. decided TO adjourn Congress
Ny July 10. no matter though the leg
iSlotiVc program may not have been
carried through. The business and
financial community do not believe for
one moment that the antitrust mca-
sures can toe perfected and passed by
that date
That is encouraging development
No. j.
, =,
ed as Immediately Inevitable several
weeks ago. has not vet been declared.
~ despite the desperate nature of the
Situation
- From the financial point of view,
TINS j" encouraging fact No. :.
strictly monetary conditions remain
very comfortable here. aud have i'm
proved ON tho European Continent So
far, no heavy outflow of gold, though
threatened, has actually set in
That is encouraging fact No s.
None Of tho toucring railroads has
Yet collapsed.
That is encouraging fact No. :.
torcign liquidation OF American Sc
c'rltes hes let NJ, and, notwiths,.nd-
ms nervous trading nj home, quota
tons have held VI comparatively well.
indic1tins a sold-out marnet.
That Is encouraging fact No. s.
ihp cost of living, happily, is follow
lnE IN" course predicted in these articles
some time ago, that is. prices of ncccs-
sar!es arc coming down ANA, it curren;
expectations concerning the 1914 har-
vest are fulfilled, -hc movement should
60 further. to the relief Of the house
loldor
That is encouraging development
Aud, finally. every hay brings a.
nearer the establishment, of a soundcr
. ranking system-Ind nearer the adj
""9ournmcnt OF Congress
- That Is encouraging fact NO. 10
y Please DO not conclude. however,
aphst sunshine ana uothn.; but sunshine
.doods the financial and business skies.
=. There are stiJ clouds many clouds.
:, Failures are numerous; collections
e&te poor retail trade is not booming.
-" cypress The position mildly. hank
Hlcarlngs show decreases imports or
Es'rrChaHdisc made hy forcipnors are
,fisinc, owing 20 tarim reductions. and
fnHr"rts OF Americau-madc EouIs' arc.
y1"liinE tie iron ana steel industry =
sfaHuishiuE: textile mills are tWtaihnr
4nroductoN, the local real estate sit
Enaiion is far from healthy; now build
ing is restricted and Unemployment is
htll laWcntably prevalent
~ The wave OF depression continues
To roll westward, though in many
Quarters optimism Is sim the key
: note
need for Caution.
Luiortunatciy the politicians lave
>Nnot vet had their eyes opened to the
need for caution IN interfering with
.-fvci% phase OF the country's business
f'&etivities. II the bills now before CON
e Ercss were passed without bcin, thor
oughly overhaulcd ana modified by
men having practical kI.oWlcde OF The
S.isal+cuS industrial aud financial
mechanism. the upshot would he
t'N rIi ono would rather not contc,n-