The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-04-08

- issued by the American Ma
bank. OF Richmond. last week
1tdaI wave of prosperity. whtCf
IN increasing in volume for Sc
months, might become unCon'
- were II allowed to continue
ut let or hindrance, the sign
administered during FebruAr!
increased submarine activities
ecttve railroad strike and othti
- may prove a real benefit Tha'
Nn1ume of trade can lie easily re-
Ind the great speed 1t which
Hy has been moving bs checked
II evident in the summaries oI
Ade report for this month.
II clearings during February Gl
Mes totaleti nearly So. 00o."ud.
impaired with SIS. 100000, goo fol
NY OF last year 8n increase Of
k cent There was one less hus5-
NY IN February o. this year thar
Hi bruary. 1915, which makes the
EU@e in bank cleariugs as well as
e1ncreases reported below, all tbs
Ufemarkahle. February Ciearlnes
or1we Of New York CITY totaled near.
4ko00. 100000 compared with ST.
Dk040. geo in February. a year ago a
ln of 20 per cent only twenty
oe4 OF the reporting cities showed
A14N In ciearings
orts of merehandlsc during Jan
MkyK aggregated $4,000. poo. com
fa1 with $3.50. 600 GOO tn January
D11s and imports totalcd s247 pna
compared with $t<49pe. 600
s1nnuary OF last year. mIklng a
NoK9ble balance Of trade for the
6ltal month OF 1877 OF $4,000 900
apared with sl5e o0a COG "A year be
10y Our foreign trade. OF course
eH during February, exports to-
f1sg s467 zoe ,0e0 compared with
III, coo 600 IL February - year ago.
Imports amounted t. S2p4. 600 -
~ compared with $4,000, 600 IN
N1fnary. 1915. the favortbl" balance
Nrade being s2G7. o0o 9Go comparc1
l4h $eis,eoa, boQ N February Of las
Failures Are Fewer
IN Dubtness failures IN February ugn-
ne3d LIS. compared with i.64o IN
1FuAry a. year ago. and liabilities
MkA1ed over sl8 coo coo. eomparel
tth $1s.o9D. 600 ln February, 1915
wetn OF the failed cor erns amuunt-
& 10 ts.oe0 0oh, COMPARED with So
N04eAe a year arc. leaving ret liza
fittesi Of IS coo Geo in February aHd
$4,000 in February, 1915.
DWrfng February there were aoru-
tated in American shipyaF6s seven
4x~twc vessesxs ef - q 600 gross tons
1S6snpare,i wsth rgsst ts~ni n, evesseis o,
'N4.0D8 gross tons IN January aud
vessels Campiatad Ia De-
4embfr with gross teun&se Of SIS
zoe. All ~ the vessel peted n
Eehraary were Tor American owners.
u Railroad earnings during. January
Nxhibis considsrably heta results
Than in December, gross earnings TO-
1n3ing $aaSs assA 9e9,5 compared with
1851. 0aH. geo In January. 1915 and
net earnings ~ggregatimg SIS 900 eco
Fofntared with sT9 eco see IA January
= year ago, The increases wee -
p~r cent ard per cent. respectively,
|A1shough the comparison n with TX
EXCEPTIONALLY good figures for January
IN last year Gross earnings OF forty
knliroads during February tptaled sf2.,
lsNe af,~. against rot quiie see
loee. 30. tn February. 1910 Il gain ~
only per cent. The car situation
which was at ita worst in February
and the fact that the move Ieut OF
grain was smaller than in the same
month a year ago Were factors tend
ing to reduce the gross earnings dur
Ing February,
Domestic orders fer locomotives
placed during February totaled 252
compared with SIG IN january ana
l2T2 IN February. 1916. There wer,
&.7Sl freight cars ordered during Feb.
raary, compared with 1905 in jim.
mar. and 1923 in February. 1916
Ecbruary rail orders aggregated l52.
300 tons compared with 100000 ton,
Snrdered in January and l25 600 tom
In February OF last year. Equipment
oeders for foreign account placed dg>f
AAg February are not included in th'
above totals.
"a The latest available figures iU reRars
~ the traffic situation on the rail
|&R4dH OF the country are those o
March 3. when the total aceunula
<Son1 of freight cars, both loaded aut
|Gapty, al all places in the niteC
Ifm4as Mera- reunrtcd- Ia -hc-l2340 oi
- compared with I44.0U0 cars ol
Nbruary ~ and l7l 600 cars on Feb
&ry IL The sbortagc of cars ha
noWn steadily less since the las
xl3ed date, and II is. probabi" tNa
Elsres subsequent tn March vii
oN less accumulation than eNiste'
thai time
nnliiing permits ISSUED in SO prin
1S4 cities In February have "a tota
lcAted expenditure Of $50. 900. 6o1
npAred with practically the so nv
0aanf in February OF last year tn
6eQCe DSlUS isAs tuAN N4Hbf"V
1ay0r of February. 1915. As Their
gain OF 20 per cent in buildini
rafions recorded in February %
rear, the failure to make any IN
800 In February of this year Is no
when classified by sec
GSSa all grouJ S of cities except th'
Tekhwest and the Far West divis
lo show increases.
Nations Inmler Gut.
*&8e lumber cut in January totalas
Fl ~. 900 feet. compared with Sf2.
40 feet in January. 1916, an in
&n4 OF /? per cent, and Jumbo
aNnts aggregated l,03s 600 co
compared with S93 900, 900 fee
80 of nearly 26 per cent Th'
10y cut consisted of 1913 600. 00'
"a soft woods and 74000 900 fec
m woods. compared with 764.
70 feet OF soft woods and ~
o1 feet hard woods cut in Jan.
44fe. January shipments wer.
1ned OF $40 zoe. 000 feet OF sol
and gs,600,000 feet OF hare
eompared with 7S2 600 90
f eft woods and 81 800 600 fee
woods In January a year ago
Sf1ous factors in the lumber sit
&4om to indicate "A strength
~ the price of that commodity
February production of pip
0Afy 1887 900 tons. com
Nth 3.fsi 900 tons in January
nH3 600 tons in February. 1916
D6raee daily output was "a,
.E4S1S1 the lowest daily avera 20