The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-11
Richmond Money Moves
Weed Quickly, and the
Weed Moves Business.
INTERESTING TALK
WITH POSTED MAN
"Yallow" Goods Kept Richmond
on Easy Street, When Stu
alton Was Ticklish in Other
Money Centres-Little Old,
Solid Old Richmond
Also After Cotton.

From time to time this paper has had
glowing reports OF the fine shape tho
farmers of the tobacco growing re-
sions of Virginia and North Carolina
find themselves In after the partial
| marketing OF the great tobacco crops
OF last year, and tho selling of the
same at figures the like of which they
have not received since the year 1874
or thereabouts. These reports have
astounded the people in sections OF tho
country where tobacco-growing is UNI
known, and some of them doubted their
accuracy, but it is fact all the Same
that the most prosperous people in the
country just now are the bright to-
bacco growers of Virginia and the two
Carolinas. These fine tobacco crops,
| with the big money they are bringing,
| have proven 4 godsend to Richmond
| tho centre, 1T may be said, OF the to-
| bacco business of the territory named
| had an interview the other day with
James ~ Boyd, one Of the largest and
best known Of the Richmond leaf to-
hacco dealers. and the president of the
Planters National Bank of this city,
and he gave me some new points. No
man i'm the country keeps better post
ed on the tobacco subject than Mr..
Boyd, and no man keeps better in
formed rs 10 financial conditions In ana
about Richmond and Virginia than he.
Views of nm Expert.
In our pleasant talk Mr.. Boyd said:
We have undoubtedly had the largest
and best crop Of bright tobacco the
past year that has been grown In yir-
ginia, North and South Carolina for
many yenrs. 1t was - per cent greater
in pounds and In quality than any crop
grown within the past five years, and
IL has sold, SO far, 30 to so per cent
higher than any crop known for the
past five years; therefore. the planters
I,a<- o..
tobaccos dividend OF 40 per csnt
actual profit more than In any year
! for tho last five.
l. The dirk crop of Virginia Is about
/ the same III weight AS that of the pre-
Nious year, and some better in QUALITY
/ We have just commenced. say Within
the last forty days, to market the dark
crop So far ii has been selling for
about 81 per loo pounds higher than
the same goods from the crop of the
year previous brought.
THE sun-cured crop OF tho counties
OF Hanover, Louisa, Caroline, Spot
| sylvanin and parts OF Fluvanna and
| Goochland would have been very fne
crops but for the fact that they were
damaged, after cutting and curing. by
mold think, however, it will weigh
out about 30 per cent more than the
crop of 1912 The prices SO far are
about the same the 1912 CROP and,
but for the mold that attacked the
weed In the counties i have mention-
cd. the prices would have been ma
year before. AS it is Tie increase
In the production leaves the grow
ers of the sun-cured with really
moro money than they realized on the
| 1912 crop as whole
The increase in the prices for the
bright tobaccos grown in Virginia and
the two Carolinas and the increase in
| the pounds made in those States has
been the cause, from my standpoint,
! for the Richmond banks making such
a fine showing. financially, In the
months of September, October, Noyem-
Der and December last You see,
Richmond did all she could to move the
| bright crops OF these States and to
have them to move quickly. The Rich
mond banks pianked down the money
and the crops moved with more rapid
Iity than ever before known In the his
| tory of the tobacco business and the
prices being the host the farmer has
known for very long time the money
| the tobacco brought In so quickly and
so promptly kept the ball moving
right along In an otherwise dull sea-
son. when the iron business and all
kinds of manufacturing business. ex-
/ cept that of tobacco, was abnormally
sluggish.
Next came the great cotton crop OF
Southern Virginia, of North Carolina
i
money went right out to get that on
Il quick move. too. Ii did move quick
/ ly. and Richmond got the benefit OF the
4 business, and thus old Richmond and
Virginia kept far ahead financially of
any city or state III the Union Just
about those ticklish times OF hast fall
and the first days OF the winter sea-
| son.
| Richmond Going for, Cotton.
| Yes 1t is II fact not known to all OF
our people that Richmond is furnishing
| II very large share OF the money to
| move the great cotton crop of the
South. and that is what caused 1t to
! move 50 literally III October In the
| months oil October and November the
cotton sold Mt about cents per pound
more than il brought in the CORES
pondlns months of the year before.
Now you can see Ut glance the
cause of the good business OF all OF
the Richmond merchants during the
months of October, November and De-
ccmber, when the jobbers and other
merchants of some other cities were
crying dull times. and l guess YOU can
also see mt u glance why 1t is that
our friends in the two Carolinas are
backing Richmond right square up In
the fight for tho location OF one OF
the regional reserve banks In this
city. Richmond has now gotten n
strong hold on this good Southern
business, and Il IS going to hold H.
And now. after all. you see the
bright tobacco OF the old State and of
the two sister Statea kept Richmond
I on easy street when many or all of Z
our sister cities TO the north OF us
and to tho south OF us were very
nervous" slI5,
| Mr.. Boyd. with merry twinkle In
his eye, wished tho Snan OF news q
happy and prosperous year. and closed
tho interesting interview In order ia
talk finances with several gentlemen
who were. awaiting him in another corr