Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-02
ENCOURAGING REPORTS
FROM EVERY DISTRICT
Federal Banks Says Business Is
Good and Improving Through
out Country.
RICHMOND Is OPTIMISTIC
Conditions In Fifth District Are Most
Satisfactory in Almost Every Line
OF Activity, and Money Is Said to
BE Plentiful.

WASHlNGToN. February l.--Rcport3
from the twelve Federal reserve dis
tricts, made public here today by the
reserve board indicate that business
conditions are still Improving through
out the country. Boston says the up
ward trend has continued throughout
January, and Improvement is seen in
nearly all lines 81 trade.
Interviews ana correspondence with
public service corporations, mauufac-
turers and business houses generally.
New York reports. have confirmed tn"
marked Improvement and unusual ac-
tivity OF trade and industry OF the
recent months.
Except for 81 feeling that much OF
the present business is OF Il temporary
character. and consequent lack or
underlying confidence, the Phiiadelphia
district reports that there H. no change
in conditions from u month ago.
BECAUSE Of the favorable situation in
the steel industry. the Cleveland as
trict SAYS reports on all kinds OF bust
ness arc good The Richmond district.
which includes Washington reports
general business conditions very salts
factory. Temporary Improvement In
tho fan months the Atlanta district
repor,s. has crystuliiZed into more
permanent prosperity.
The Chicago district announces gen
orally increasing activity ana from S''
Louis the report ~ 'hat me he",'nS'
prosperous business cordItoh "hich
developed III the last Re" months con
tinueS.
In the Minneapolis district business
is said in all lines to lie on very
solid Foundations. with large orders
ahead The Kansas City district re
ports unusual activity in most OF me
lines uf importance. with moncS nAeA
tiful and labor generally employed.
Optimistic is the way in which The
outlook in the Dallas district is de
scribed. and from san Francisco " Is
reported that the basic industries are
doing we'll.
General business conditions through
out the Eifth F'cdcral Reserve District.
of which Richmnnd Il the reserve
bank city. ana which includes Wash
inrtou and Baltimore. have been mos;
satisfactory whiting The last thirty
dnvs IN almost every lin" u! activity.
according 10 the Fedora! r"ScrN" agent
OF the bank AZ r icrmoud
ketlilcr: lcpor, that rou'in" husic"sS
* good. I've states. land further advise
that holiday sales were gratifying IN
both quantity ana quality Both CITY
and country merchants are placing 'r-
dcrs with nauufac turers an! johherS
more freely than for tw" or tire" years.
especial! II. the metal industries
The Richmond district report adds
Money IL in plentiful supply throuI II 2
out tho district. condition evidenced
in part BY tho fact that member hanks
IN the district now owe less tor hor-
rOwcd money than is usual even In
January rnc loan line Of its reserve
haak is now 81. 500 600 below is amount
rs reported ia August last. individual
, banks in the Carolinas report that they
ar" lonnuE some share OF their funds
IT a rate as low AT IL per cent. Pres =
ent very easy conditions are apt 20 con :
,tnur unit! the general spring demand :
ar. met in March next